Orion Office REIT (US:ONL)2025-03-06 17:40Portfolio Overview - Orion Properties operates 69 properties with 8,112,000 rentable square feet and an occupancy rate of 73.7%[31] - The portfolio's annualized base rent (ABR) is $1483 per rentable square foot, totaling $120,293,000[31] - Investment-grade tenancy accounts for 74.4% of the ABR, with a weighted average remaining lease term of 52 years[31] Tenant and Industry Diversification - The top 10 tenants comprise 53.9% of the ABR[36] - The largest tenant accounts for 16.3% of the ABR and has a credit rating of AA+[36] - Government & Public Services is the top industry, accounting for 16.8% of ABR[35] Geographic Diversification - Texas represents the largest geographic concentration, accounting for 16.5% of the ABR[40] - New Jersey accounts for 12.5% of the ABR[40] Balance Sheet and Liquidity - The company has $247,000,000 in liquidity, including $16,000,000 in cash and $231,000,000 available on the credit facility[57] - Total principal outstanding debt is $518,329,000 with a weighted average interest rate of 5.73%[52]