Orion Office REIT: Office Woes Bite Hard As Leverage Explodes [Seeking Alpha]
Orion Office REIT Inc. (ONL)
Company Research
Source: Seeking Alpha
Q4-2023 earnings showed a miss in funds from operations but there were bigger issues that came to light. We go over our logic of sticking with the sell rating despite the huge drop in stock price. Conservative Income Portfolio members get exclusive access to our real-world portfolio. See all our investments here » On our last coverage of Orion Office REIT Inc. NYSE: ONL ) we had gone back to sell rating after briefly moving in to the "hold" zone. Keep in mind that we use "sell" generally for short-selling recommendations and hence we tend to stick with "hold" even in case of buy poor setups. In the case of Orion, we saw the writing on the wall and an opportunity to go back to our earlier stance. The only thing the real smart money is going to calculate on this is whether the company can out earn its current enterprise value. While we had earlier thought it was possible around this price, we now think it is unlikely as office distress has materially picked up. We are once ag
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ONL
News
- Orion Office REIT Inc. Announces First Quarter 2024 Earnings Release and Webcast DatesBusiness Wire
- Orion Office REIT Inc. (NYSE:ONL) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Orion Office REIT: The Downturn Continues [Seeking Alpha]Seeking Alpha
- Orion Office REIT Inc. Reports Mixed 2023 Results Amid Market Challenges [Yahoo! Finance]Yahoo! Finance
- Orion Office REIT Inc. Announces Fourth Quarter and Full Year 2023 Results [Yahoo! Finance]Yahoo! Finance
ONL
Sec Filings
- 3/26/24 - Form 4
- 3/26/24 - Form 4
- 3/26/24 - Form 4
- ONL's page on the SEC website