Financial Snapshot

Revenue
$170.1M
TTM
Gross Margin
62.43%
TTM
Net Earnings
-$86.42M
TTM
Current Assets
$40.71M
Q3 2024
Current Liabilities
$37.83M
Q3 2024
Current Ratio
107.6%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$802.3M
Q3 2024
Cash
Q3 2024
P/E
-2.609
Nov 29, 2024 EST
Free Cash Flow
$6.832M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018
Revenue $195.0M $208.1M $79.73M $53.47M $53.47M $54.66M
YoY Change -6.28% 161.03% 49.1% 0.02% -2.19%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018
Revenue $195.0M $208.1M $79.73M $53.47M $53.47M $54.66M
Cost Of Revenue $60.78M $61.52M $13.41M $5.770M $5.898M $5.385M
Gross Profit $133.5M $145.8M $66.05M $47.70M $47.57M $49.28M
Gross Profit Margin 68.43% 70.07% 82.84% 89.21% 88.97% 90.15%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018
Selling, General & Admin $18.72M $15.91M $3.832M $2.051M $2.044M $3.115M
YoY Change 17.68% 315.14% 86.84% 0.34% -34.38%
% of Gross Profit 14.03% 10.91% 5.8% 4.3% 4.3% 6.32%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $109.1M $131.4M $43.92M $25.95M $26.92M $28.03M
YoY Change -16.94% 199.09% 69.26% -3.61% -3.96%
% of Gross Profit 81.76% 90.08% 66.5% 54.4% 56.6% 56.89%
Operating Expenses $160.0M $213.4M $97.61M $46.67M $28.97M $31.15M
YoY Change -25.01% 118.63% 109.15% 61.12% -7.01%
Operating Profit -$26.57M -$67.58M -$31.56M $1.032M $18.60M $18.13M
YoY Change -60.68% 114.1% -3158.53% -94.45% 2.59%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018
Interest Expense -$29.30M -$29.93M -$4.052M -$2.931M -$3.316M -$3.367M
YoY Change -2.09% 638.65% 38.25% -11.61% -1.51%
% of Operating Profit -284.01% -17.83% -18.57%
Other Income/Expense, Net -$29.67M -$28.59M -$8.105M -$2.931M -$3.316M
YoY Change 3.77% 252.72% 176.53% -11.61%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018
Pretax Income -$56.86M -$97.26M -$47.31M -$1.899M $15.28M $14.76M
YoY Change -41.54% 105.6% 2391.15% -112.42% 3.53%
Income Tax $456.0K $212.0K $157.0K $0.00 $0.00
% Of Pretax Income 0.0%
Net Earnings -$57.30M -$97.49M -$47.48M -$1.899M $15.28M $14.76M
YoY Change -41.23% 105.33% 2400.32% -112.42% 3.53%
Net Earnings / Revenue -29.38% -46.85% -59.55% -3.55% 28.59% 27.01%
Basic Earnings Per Share -$1.02 -$1.72 -$0.84 -$0.03 $0.27
Diluted Earnings Per Share -$1.02 -$1.72 -$0.84 -$0.03 $0.27 $261.2K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018
Cash & Short-Term Investments $22.47M $20.64M $29.32M
YoY Change 8.89% -29.61%
Cash & Equivalents $22.47M $20.64M $29.32M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $24.66M $21.64M $17.92M $8.078M $9.168M
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $47.14M $42.28M $47.23M $8.078M $9.168M
YoY Change 11.49% -10.49% 484.72% -11.89%
Property, Plant & Equipment $1.188B $1.260B $1.385B $505.5M $541.8M
YoY Change -5.67% -9.02% 173.9% -6.7%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $13.55M $15.82M $18.63M
YoY Change -14.38% -15.07%
Other Assets $43.74M $43.10M $9.976M $252.0K $154.0K
YoY Change 1.48% 332.03% 3858.73% 63.64%
Total Long-Term Assets $1.377B $1.529B $1.712B $538.4M $583.0M
YoY Change -9.94% -10.71% 218.05% -7.66%
Total Assets $1.424B $1.571B $1.759B $546.4M $592.2M
YoY Change
Accounts Payable $1.606M $1.793M $1.805M $848.0K $921.0K
YoY Change -10.43% -0.66% 112.85% -7.93%
Accrued Expenses $28.87M $24.37M $15.57M
YoY Change 18.49% 56.47%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $36.06M $31.82M $17.38M $848.0K $921.0K
YoY Change 13.3% 83.12% 1949.41% -7.93%
Long-Term Debt $468.9M $526.0M $616.8M $37.05M $70.14M
YoY Change -10.86% -14.73% 1564.81% -47.17%
Other Long-Term Liabilities $32.02M $37.41M $36.96M $11.41M $13.13M
YoY Change -14.41% 1.2% 223.88% -13.1%
Total Long-Term Liabilities $500.9M $563.4M $653.8M $48.47M $83.28M
YoY Change -11.1% -13.83% 1249.04% -41.8%
Total Liabilities $538.3M $596.6M $672.6M $49.31M $84.20M
YoY Change -9.77% -11.29% 1263.86% -41.43%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018
Basic Shares Outstanding 56.41M shares 56.63M shares 56.63M shares 56.63M shares 56.63M shares
Diluted Shares Outstanding 56.41M shares 56.63M shares 56.63M shares 56.63M shares 56.63M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $225.47 Million

About Orion Office REIT Inc.

Orion Office REIT, Inc. acts as a real estate investment trust. The company is headquartered in Phoenix, Arizona and currently employs 38 full-time employees. The company went IPO on 2021-11-01. The firm is engaged in the ownership, acquisition, and management of a diversified portfolio of office buildings located in suburban markets across the United States and leased primarily on a single tenant. Its portfolio is comprised of traditional office buildings, as well as governmental office, medical office, office/laboratory, office/research, and office/flex properties. The firm owns and operates 75 office properties with an aggregate of 8.7 million leasable square feet located in 29 states. The company leases its corporate office space, including its corporate headquarters, which is located in Phoenix, Arizona. Its tenants operate in a range of industries, health care equipment and services, government and public services, financial institutions, insurance, capital goods, software and services, consumer durables and apparel, telecommunication services, materials, and energy.

Industry: Real Estate Investment Trusts Peers: ALEXANDRIA REAL ESTATE EQUITIES, INC. BRANDYWINE REALTY TRUST Veris Residential, Inc. Creative Media & Community Trust Corp FRANKLIN STREET PROPERTIES CORP /MA/ OFFICE PROPERTIES INCOME TRUST KBS Real Estate Investment Trust III, Inc. Piedmont Office Realty Trust, Inc. Postal Realty Trust, Inc.