Orion Office REIT reports Q1 core FFO 19c vs 36c last year

Reports Q1 revenue $38M vs $47.197M last year. Paul McDowell, Orion’s Chief Executive Officer, commented, “We have delivered strong leasing of over 450,000 square feet so far in 2025. Even more importantly, our leasing pipeline remains strong with a number of transactions in documentation and many more under discussion. While we cannot control the potential impacts related to the recently volatile macro economy, the tenor around leasing continues to be positive. We are also pleased that so far this year we have sold three additional vacant assets subsequent to quarter end, bringing our total to 22 properties sold since 2021, comprised of 2.2 million square feet. We remain focused on our strategy to increase our portfolio concentration over time toward more dedicated-use assets such as flex, laboratory, medical and governmental properties, and we expect these efforts will support greater renewal prospects and higher stabilized cash flow in the future.”