Orion Office REIT Inc
For the period ended Mar 31, 2024. Filed May 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
ONL$2.69+14.5%Stored close · as of Nov 6, 2026
Contents
Orion Office REIT Inc. Consolidated Balance Sheets as of March, 202 and December 31,
CONSOLIDATED BALANCE SHEETS
(In thousands, except for share and per share data) (Unaudited)
| March 31, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Real estate investments, at cost: | ||
| Land | $223,439 | $223,264 |
| Buildings, fixtures and improvements | 1,081,788 | 1,097,132 |
| Total real estate investments, at cost | 1,305,227 | 1,320,396 |
| Less: accumulated depreciation | 165,490 | 158,791 |
| Total real estate investments, net | 1,139,737 | 1,161,605 |
| Accounts receivable, net | 24,942 | 24,663 |
| Intangible lease assets, net | 110,145 | 126,364 |
| Cash and cash equivalents | 23,618 | 22,473 |
| Other assets, net | 87,077 | 88,828 |
| Total assets | $1,385,519 | $1,423,933 |
| LIABILITIES AND EQUITY | ||
| Mortgages payable, net | $353,028 | $352,856 |
| Credit facility revolver | 116,000 | 116,000 |
| Accounts payable and accrued expenses | 23,732 | 30,479 |
| Below-market lease liabilities, net | 6,753 | 8,074 |
| Distributions payable | 5,587 | 5,578 |
| Other liabilities, net | 24,468 | 23,943 |
| Total liabilities | 529,568 | 536,930 |
| Common stock, $0.001 par value, 100,000,000 shares authorized 55,869,819 and 55,783,548 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively | 56 | 56 |
| Additional paid-in capital | 1,145,264 | 1,144,636 |
| Accumulated other comprehensive loss | (45) | (264) |
| Accumulated deficit | (290,710) | (258,805) |
| Total stockholders’ equity | 854,565 | 885,623 |
| Non-controlling interest | 1,386 | 1,380 |
| Total equity | 855,951 | 887,003 |
| Total liabilities and equity | $1,385,519 | $1,423,933 |
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