Another tech company is walking back its remote work policy. Sort of. Google is adding some new limits to remote work.This time with its work from anywhere policy that had started during the pandemic. The policy allowed employees to work from a location that wasn't their main office for up to four weeks per calendar year. Internal documents seen by CNBC show that now working remotely for even a single day will count for a full week.That internal document from the summer said whether you log one WFA day or f ...

Financial Data and Key Metrics Changes - Annualized revenue decreased by $93 million or 19% to $405 million compared to the previous year [8] - Interest expense increased by $17.9 million to $53.4 million, representing a 50% year-over-year increase [8] - Normalized FFO for Q1 was $4.4 million or $0.06 per share, down from $20.9 million or $0.36 per share in Q4 2024 [13] Business Line Data and Key Metrics Changes - The company executed 11 leases totaling 223,000 square feet with a weighted average lease term of 10.3 years and a 13.5% roll-up in rent [9] - Concessions and capital commitments declined by 22% quarter over quarter to $4.62 per square foot per year [9] Market Data and Key Metrics Changes - Same property occupancy was reported at 85.4% as of March 31, 2025 [5] - The market vacancy rate in Washington, D.C. exceeded 23%, worsened by federal leasing uncertainty [7] Company Strategy and Development Direction - The company is exploring options to address financial commitments while managing properties and leasing [9] - There is a focus on enhancing corporate sustainability practices and advancing initiatives that benefit tenants and communities [12] Management's Comments on Operating Environment and Future Outlook - The office sector is facing headwinds from work-from-home trends and macroeconomic uncertainties [6] - The company expects normalized FFO for Q2 to be between $0.09 and $0.11 per share, driven by higher NOI from lower seasonal operating expenses [14] Other Important Information - The company has $280 million in debt principal payments due in 2026 and limited liquidity of $73 million in cash [9][16] - Upcoming lease expirations through 2026 total 1.6 million square feet, representing $45 million or 11% of annualized rental income [11] Q&A Session Summary - No specific questions or answers were provided in the content regarding the Q&A session.