Orion Office REIT reports Q3 core FFO 19c vs 21c last year

Reports Q3 revenue $37.1M vs $39.178M last year. Paul McDowell, Orion’s Chief Executive Officer, commented, “We continued to advance on our key priorities during the quarter, with a heavy focus on non-core asset sales and leasing activity as part of our ongoing portfolio transformation. Since our spin, we have sold 27 properties totaling 2.7 million square feet, including three properties totaling approximately 200,000 square feet during the latest quarter. We have also completed 3.8 million square feet in leasing activity since the spin through a combination of new and renewed leases. Our leasing and disposition pipelines remain robust. We have stabilized the portfolio, extended weighted average lease term and believe these efforts position us to generate sustained earnings growth in the future.”