Orion Office REIT: Value To Be Found After Recent Stock Slump [Seeking Alpha]
Orion Office REIT Inc. (ONL)
Company Research
Source: Seeking Alpha
Core FFO declined by 20% Y/Y in Q1 2024, with the company confirming its initial outlook for a 42% decline relative to 2023. Despite an average debt maturity of just 2.6 years, Orion office has limited maturities in 2024 and 2025. Net debt accounts for 70% of enterprise value and is a key risk for the investment case together with the occupancy of just 75.8%. The 14% market cap rate and the government as the second-largest tenant make Orion Office an attractive investment. Introduction Orion Office REIT ( NYSE: ONL ) has significantly underperformed (by roughly 30%) the Vanguard Real Estate Index Fund ETF ( VNQ ) so far in 2024: Looking ahead, the poor operating performance appears to be priced Recommended For You Recommended For You
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ONL
News
- Orion Office REIT Inc. (NYSE: ONL) had its "market perform" rating re-affirmed by analysts at JMP Securities.MarketBeat
- Orion Office REIT Inc. (NYSE:ONL) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Orion Office REIT Inc. Announces First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Orion Office REIT Inc. Announces First Quarter 2024 ResultsBusiness Wire
- Orion Office REIT Inc. Announces First Quarter 2024 Earnings Release and Webcast DatesBusiness Wire
ONL
Sec Filings
- 6/10/24 - Form SC
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- ONL's page on the SEC website