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Stock impact report

Orion Office REIT Inc. Announces First Quarter 2024 Results

Orion Office REIT Inc. (ONL) 
Company Research Source: Business Wire
- Completed 108,000 Square Feet of Leasing and an Additional 414,000 Square Feet Subsequent to Quarter End -- Declares Dividend of $0.10 Per Share for First Quarter 2024 -- Company Reaffirms 2024 Outlook - PHOENIX--(BUSINESS WIRE)--Orion Office REIT Inc. (NYSE: ONL) (“Orion” or the “Company”), a fully-integrated real estate investment trust (“REIT”) focused on the ownership, acquisition and management of a diversified portfolio of single-tenant net lease office properties located across the U.S., announced today its operating results for the first quarter ended March 31, 2024.Paul McDowell, Orion’s Chief Executive Officer, commented, “We continued to execute against our current business plan: retaining existing tenants, filling empty spaces and streamlining the portfolio through non-core asset disposals, as we completed 522,000 square feet of new and renewal leasing thus far in 2024 and have agreements in place to sell 790,000 square feet of vacant space. This performance nearly do Show less Read more
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