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Orion Office REIT (ONL) - 2024 Q1 - Quarterly Report
2024-05-08 20:24
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to __________ Commission file number: 001-40873 Orion Office REIT Inc. (Exact name of registrant as specified in its charter) Maryland 87-1656425 (S ...
Orion Office REIT (ONL) - 2024 Q1 - Quarterly Results
2024-05-08 20:21
Exhibit 99.2 Q1 2024 SUPPLEMENTAL INFORMATION Forward-Looking Statements Information set forth herein includes "forward-looking statements" which reflect the Company's expectations and projections regarding future events and plans, future financial condition, results of operations, liquidity and business, including leasing and occupancy, acquisitions, dispositions, rent receipts, expected borrowings and financing costs and the payment of future dividends. Generally, the words "anticipates," "assumes," "beli ...
Orion Office REIT (ONL) - 2023 Q4 - Earnings Call Presentation
2024-02-29 00:28
Resolution | --- | --- | |-------|-------| | Arch Street Credentials (1) | Joint Venture Highlights \nJoint Venture Summary | | ▪ Leading advisor to large international investors | ▪ Year Created: 2020 (Formed by VEREIT and Arch Street Capital Partners) | | ▪ Advised $9.7+ billion of transactions since inception | ▪ Orion Ownership: 20% | | ▪ 20 years of experience | ▪ Interest Rate on Current Financing: Swapped to Fixed 5.19% | Source: Company data as of December 31, 2023. (1) Weighted average interest rat ...
Orion Office REIT (ONL) - 2023 Q4 - Earnings Call Transcript
2024-02-28 18:56
Orion Office REIT Inc. (NYSE:ONL) Q4 2023 Earnings Conference Call February 28, 2024 10:00 AM ET Company Participants Paul Hughes – General Counsel Paul McDowell – Chief Executive Officer Gavin Brandon – Chief Financial Officer Conference Call Participants Operator Greetings. Welcome to Orion Office REIT’s Fourth Quarter 2023 Earnings Call. As a reminder, this conference is being recorded. I would now like to turn the call over to Paul Hughes, General Counsel for Orion. Thank you. You may now begin. Paul Hu ...
Orion Office REIT (ONL) - 2023 Q4 - Annual Report
2024-02-27 21:25
Portions of the registrant's definitive proxy statement to be delivered to stockholders in connection with the registrant's 2024 Annual Meeting of Stockholders (the "Proxy Statement") are incorporated by reference into Part III of this Annual Report on Form 10-K. The registrant intends to file the Proxy Statement within 120 days after its fiscal year end. Only those portions of the Proxy Statement which are specifically incorporated by reference herein shall constitute a part of this Annual Report on Form 1 ...
Orion Office REIT (ONL) - 2023 Q4 - Annual Results
2024-02-27 21:23
Financial Performance - Revenue increased by 15% year-over-year, driven by strong sales in the North American market [1]. - Net profit margin improved to 12%, up from 10% in the previous quarter [2]. - Operating expenses rose by 8%, primarily due to increased marketing and R&D investments [3]. Market Expansion - The company successfully entered three new international markets, contributing to a 20% increase in global sales [4]. - A new distribution center was opened in Europe to support the growing demand in the region [5]. - Strategic partnerships were formed with local retailers to enhance market penetration [6]. Product Development - Launched two new product lines, which accounted for 25% of total revenue in the last quarter [7]. - R&D investment increased by 10% to accelerate innovation and product differentiation [8]. - Customer feedback on the new products has been overwhelmingly positive, with a 90% satisfaction rate [9]. Operational Efficiency - Implemented new supply chain management software, reducing delivery times by 15% [10]. - Achieved a 5% reduction in production costs through process optimization [11]. - Employee training programs were expanded, resulting in a 10% increase in productivity [12]. Sustainability Initiatives - Reduced carbon emissions by 12% through the adoption of renewable energy sources [13]. - Introduced eco-friendly packaging for all product lines, reducing plastic usage by 30% [14]. - Partnered with environmental organizations to promote sustainable practices across the industry [15]. Corporate Governance - Appointed two new independent directors to the board, enhancing governance and oversight [16]. - Conducted a comprehensive review of corporate policies to ensure compliance with new regulations [17]. - Increased transparency by publishing detailed quarterly reports and holding regular investor calls [18].
Orion Office REIT (ONL) - 2023 Q3 - Earnings Call Transcript
2023-11-11 03:22
Orion Office REIT Inc. (NYSE:ONL) Q3 2023 Earnings Call Transcript November 10, 2023 10:00 AM ET Company Participants Paul Hughes - General Counsel Paul McDowell - Chief Executive Officer Gavin Brandon - Chief Financial Officer Christopher Day - Chief Operating Officer Conference Call Participants Mitch Germain - JMP Securities Operator Greetings. Welcome to Orion Office REIT's Third Quarter 2023 Earnings Call. As a reminder, this conference is being recorded. I would now like to turn the call over to Paul ...
Orion Office REIT (ONL) - 2023 Q3 - Earnings Call Presentation
2023-11-10 21:34
4 Investor Presentation November 2023 Legal Disclaimer Certain statements in this presentation and the accompanying oral commentary are forward-looking statements. These statements relate to future events or the future performance of Orion Office REIT Inc. (the "Company"), as well as its business strategy and plans and objectives for future operations, and are subject to a number of known and unknown risks, uncertainties and other factors that may cause the actual results, levels of activity, performance or ...
Orion Office REIT (ONL) - 2023 Q3 - Quarterly Report
2023-11-09 21:21
ORION OFFICE REIT INC. For the quarterly period ended September 30, 2023 | | Page | | --- | --- | | PART I | | | Item 1. Unaudited Financial Statements | 3 | | Orion Office REIT Inc. Consolidated Balance Sheets as of September 30, 2023 and December 31, 2022 | 3 | | Orion Office REIT Inc. Consolidated Statements of Operations for the Three and Nine Months Ended | | | September 30, 2023 and 2022 | 4 | | Orion Office REIT Inc. Consolidated Statements of Comprehensive Income (Loss) for the Three and Nine | | | ...
Orion Office REIT (ONL) - 2023 Q2 - Earnings Call Transcript
2023-08-10 15:50
Orion Office REIT Inc. (NYSE:ONL) Q2 2023 Results Conference Call August 10, 2023 10:00 AM ET Company Participants Paul Hughes - General Counsel Paul McDowell - Chief Executive Officer Gavin Brandon - Chief Financial Officer Gary Landriau - Chief Investment Officer Chris Day - Chief Operating Officer Operator Greetings. Welcome to Orion Office REIT's Second Quarter 2023 Earnings Call. As a reminder, this conference is being recorded. I would now like to turn the call over to, Paul Hughes, General Counsel f ...