Orion Office REIT Inc
For the period ended Dec 31, 2024. Filed Mar 5, 2025.
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FY2024 · Filed Mar 5, 2025
ONL$2.86+6.3%Stored close · as of Nov 9, 2026
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Orion Properties Inc. Consolidated Balance Sheets as of December 31, 202 and 202 F-
CONSOLIDATED BALANCE SHEETS
(In thousands, except for share and per share data)
| December 31, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Real estate investments, at cost: | ||
| Land | $227,145 | $223,264 |
| Buildings, fixtures and improvements | 1,055,307 | 1,097,132 |
| Total real estate investments, at cost | 1,282,452 | 1,320,396 |
| Less: accumulated depreciation | 177,906 | 158,791 |
| Total real estate investments, net | 1,104,546 | 1,161,605 |
| Accounts receivable, net | 22,833 | 24,663 |
| Intangible lease assets, net | 95,944 | 126,364 |
| Cash and cash equivalents | 15,600 | 22,473 |
| Real estate assets held for sale, net | 9,671 | — |
| Other assets, net | 87,828 | 88,828 |
| Total assets | $1,336,422 | $1,423,933 |
| LIABILITIES AND EQUITY | ||
| Mortgages payable, net | $371,222 | $352,856 |
| Credit facility revolver | 119,000 | 116,000 |
| Accounts payable and accrued expenses | 31,585 | 30,479 |
| Below-market lease liabilities, net | 20,596 | 8,074 |
| Distributions payable | 5,633 | 5,578 |
| Other liabilities, net | 23,130 | 23,943 |
| Total liabilities | 571,166 | 536,930 |
| Common stock, $0.001 par value, 100,000,000 shares authorized 55,951,876 and 55,783,548 shares issued and outstanding as of each of December 31, 2024 and December 31, 2023, respectively | 56 | 56 |
| Additional paid-in capital | 1,148,223 | 1,144,636 |
| Accumulated other comprehensive loss | (15) | (264) |
| Accumulated deficit | (384,348) | (258,805) |
| Total stockholders’ equity | 763,916 | 885,623 |
| Non-controlling interest | 1,340 | 1,380 |
| Total equity | 765,256 | 887,003 |
| Total liabilities and equity | $1,336,422 | $1,423,933 |
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