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Stock impact report

Orion Office REIT Inc. Announces Fourth Quarter and Full Year 2023 Results [Yahoo! Finance]

Orion Office REIT Inc. (ONL) 
Company Research Source: Yahoo! Finance
- Repaid $59.0 million in Debt Obligations - - Declares Dividend of $0.10 Per Share for First Quarter 2024 - PHOENIX, February 27, 2024 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 fourth quarter and full year ended December 31, 2023. Paul McDowell, Orion's Chief Executive Officer commented, "2023 marked a year of progress for the Orion team despite the challenging economic environment and office market headwinds. We closed on the sale of six non-core properties for a total of 17 sold since the spin-off, executed 261,000 square feet of leasing activity and repaid $59.0 million in debt. We remain firmly committed to stabilizing and repositioning our existing portfolio through strategic dispositions, Show less Read more
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