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Orion Office REIT (ONL)
NYSE:ONL
Earnings Data
Report Date
Aug 07, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
-0.6Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 07, 2025
|% Change Since: -2.51%
|Next Earnings Date:Aug 07, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. While the company highlighted strong leasing activity, successful property sales, and a strategic shift towards more stable dedicated use assets, these positives were offset by decreased revenues, increased vacancies, and higher CapEx. The market conditions and economic uncertainties continue to pose challenges.Company Guidance
During Orion Properties' First Quarter 2025 earnings call, the company provided guidance for the full year 2025, reaffirming their core funds from operations (FFO) range of $0.61 to $0.70 per diluted share, and general and administrative (G&A) expenses between $19.5 million and $20.5 million. The net debt to adjusted EBITDA is expected to range from 8 to 8.8 times. Orion reported first-quarter revenues of $38 million, a net loss of $9.4 million or $0.17 per share, and a core FFO of $10.7 million or $0.19 per share. The company highlighted leasing activities, with over 450,000 square feet leased and an operating property lease rate of 77.4%. They also discussed their strategic shift towards dedicated use assets and their continued property sales to maintain liquidity, which stood at $244.5 million as of early May. Additionally, Orion's Board declared a quarterly cash dividend of $0.02 per share for the second quarter of 2025.Strong Leasing Activity
Over 450,000 square feet of leasing completed as of May 6, 2025, with a weighted average lease term of 7.4 years. Included a significant 15.7-year lease in Parsippany, New Jersey.
Successful Property Sales
Closed on the sale of three vacant properties totaling 287,000 square feet for a gross sales price of $19.1 million, and two properties totaling 211,000 square feet are under contract for $27.3 million.
Shift Towards Dedicated Use Assets
Approximately 32% of the portfolio by annualized base rent and 25% by square footage are now dedicated use assets, expected to increase through dispositions and acquisitions.
Strong Liquidity Position
Liquidity remains strong at $244.5 million, represented by cash on hand and the available balance on the revolver.
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ONL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ONL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| May 07, 2025 | $1.99 | $1.94 | -2.51% |
| Mar 05, 2025 | $3.81 | $2.69 | -29.40% |
| Nov 07, 2024 | $3.83 | $3.92 | +2.35% |
| Aug 08, 2024 | $3.62 | $3.54 | -2.21% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Orion Office REIT (ONL) report earnings?
Orion Office REIT (ONL) is schdueled to report earning on Aug 07, 2025, TBA Not Confirmed.
What is Orion Office REIT (ONL) earnings time?
Orion Office REIT (ONL) earnings time is at Aug 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ONL EPS forecast?
Currently, no data Available
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