This presentation does not constitute or form a part of, and should not be construed as, an offer or invitation to subscribe for, purchase or otherwise acquire any securities of the Company in any jurisdiction, nor should it or any part of it form the basis of, or be relied on in connection with, any contract to purchase or subscribe for any securities of the Company or with any other contract or commitment whatsoever. 3 ▪ Spun off from Realty Income following the merger of VEREIT with Realty Income ▪ Orion ...

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 ...

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 ...

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 ...

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 ...

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].

Financial Data and Key Metrics Changes - Total revenues for the third quarter of 2023 were $49.1 million, down from $51.8 million in the same quarter of the prior year [19] - The net loss attributable to common stockholders was $16.5 million or $0.29 per share, compared to a net loss of $53 million or $0.94 per share in 2022, primarily due to impairment charges [19] - Core funds from operations for the quarter were $24.1 million or $0.43 per share, down from $25.6 million or $0.45 per share in the same quarter of 2022 [38] - Adjusted EBITDA was $30 million, compared to $32.1 million in the same quarter of 2022 [38] Business Line Data and Key Metrics Changes - The company owned 79 properties and six unconsolidated joint venture properties, comprising 9.5 million rentable square feet that were 80.5% occupied [14] - Adjusted for properties sold or under agreement to be sold, the occupancy rate was 88.7% as of September 30, 2023 [14] - The weighted average lease term (WALT) remained steady at 3.9 years at quarter end [34] Market Data and Key Metrics Changes - 72% of tenants were investment grade as of September 30, 2023, up from 69.9% a year earlier [14] - The largest tenant by annualized base rent is the United States government, with significant contributions from the health care and government sectors [34] Company Strategy and Development Direction - The company aims to retain tenants, lease vacant space, and dispose of noncore assets, with a focus on stabilizing and repositioning the existing portfolio [8][35] - The strategy includes maintaining a strong capital structure to support necessary investments and balancing leverage, asset sales, and capital investment [15] - The company is optimistic about filling vacancies despite challenges in the leasing environment, with a leasing pipeline of over 1.5 million square feet [18] Management's Comments on Operating Environment and Future Outlook - Management noted that the office sector remains challenging, with negative sentiment affecting valuations [15] - There is an expectation of continued pressure on revenues due to significant lease roll in 2024, with some larger tenants indicating they do not intend to renew [37] - Management expressed cautious optimism about the potential for filling vacancies, indicating a positive shift in leasing activity [47] Other Important Information - The company executed a share repurchase of 900,000 shares for $5 million as part of a $50 million program [2] - The company has $557.3 million of outstanding debt, which is 100% fixed rate or swapped to fixed rate [39] - A quarterly cash dividend of $0.10 per share for the fourth quarter of 2023 was declared [69] Q&A Session Summary Question: What was the timing of Walgreens and Experian's move-out dates? - Walgreens moved out on 8/31, impacting revenues [42][51] Question: Do you feel like we're nearing a bottom in the office sector? - Management indicated that while there is still pain ahead due to lease roll, there is more optimism about refilling vacancies compared to six months ago [47][57] Question: How do you bridge the revenue deceleration from Q3 to Q4? - Management noted that deceleration is due to Walgreens' move-out and nonrecurring positive impacts from tax appeals and property expenses [48]

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 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 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 ...