$ONL
Orion Office REIT Inc.

2023 Q4 Form 10-Q Financial Statement

#000187392323000096 Filed on November 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $43.55M $49.08M
YoY Change -13.07% -5.2%
Cost Of Revenue $14.45M $15.51M
YoY Change -8.26% 1.35%
Gross Profit $29.11M $33.37M
YoY Change -15.27% -8.01%
Gross Profit Margin 66.83% 68.0%
Selling, General & Admin $5.479M $4.370M
YoY Change 23.74% -6.46%
% of Gross Profit 18.82% 13.1%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $26.06M $27.01M
YoY Change -14.55% -17.37%
% of Gross Profit 89.52% 80.95%
Operating Expenses $37.40M $42.34M
YoY Change -20.46% -48.45%
Operating Profit -$8.292M -$8.970M
YoY Change -34.52% -80.44%
Interest Expense -$7.837M -$7.290M
YoY Change 2.74% -7.39%
% of Operating Profit
Other Income/Expense, Net -$7.033M
YoY Change 0.89%
Pretax Income -$16.26M -$16.35M
YoY Change -15.62% -69.08%
Income Tax -$49.00K $160.0K
% Of Pretax Income
Net Earnings -$16.17M -$16.52M
YoY Change -14.77% -68.86%
Net Earnings / Revenue -37.12% -33.66%
Basic Earnings Per Share -$0.29
Diluted Earnings Per Share -$0.29 -$0.29
COMMON SHARES
Basic Shares Outstanding 55.78M shares 56.70M shares
Diluted Shares Outstanding 56.54M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $22.47M $32.30M
YoY Change 8.89% 38.73%
Cash & Equivalents $22.47M $32.29M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $24.66M $26.90M
Other Receivables $0.00 $0.00
Total Short-Term Assets $47.14M $59.20M
YoY Change 11.49% 30.96%
LONG-TERM ASSETS
Property, Plant & Equipment $1.188B $1.202B
YoY Change -5.67% -6.1%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $13.55M $14.12M
YoY Change -14.38% -14.63%
Other Assets $43.74M $82.40M
YoY Change 1.48% 70.95%
Total Long-Term Assets $1.377B $1.445B
YoY Change -9.94% -8.32%
TOTAL ASSETS
Total Short-Term Assets $47.14M $59.20M
Total Long-Term Assets $1.377B $1.445B
Total Assets $1.424B $1.504B
YoY Change -9.37% -7.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.56M $13.40M
YoY Change 823.76% 1337.77%
Accrued Expenses $13.92M $17.20M
YoY Change -42.89% -18.51%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $36.06M $36.20M
YoY Change 13.3% 30.68%
LONG-TERM LIABILITIES
Long-Term Debt $468.9M $527.7M
YoY Change -10.86% -5.17%
Other Long-Term Liabilities $32.02M $31.30M
YoY Change -14.41% -14.7%
Total Long-Term Liabilities $500.9M $559.0M
YoY Change -11.1% -5.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $36.06M $36.20M
Total Long-Term Liabilities $500.9M $559.0M
Total Liabilities $536.9M $595.1M
YoY Change -9.79% -4.15%
SHAREHOLDERS EQUITY
Retained Earnings -$258.8M -$237.0M
YoY Change 44.66% 53.64%
Common Stock $56.00K $56.00K
YoY Change -1.75% -1.75%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $885.6M $907.8M
YoY Change
Total Liabilities & Shareholders Equity $1.424B $1.504B
YoY Change -9.37% -7.23%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income -$16.17M -$16.52M
YoY Change -14.77% -68.86%
Depreciation, Depletion And Amortization $26.06M $27.01M
YoY Change -14.55% -17.37%
Cash From Operating Activities $19.50M $25.70M
YoY Change -31.13% -24.68%
INVESTING ACTIVITIES
Capital Expenditures $5.696M $6.000M
YoY Change 34.59% -251.4%
Acquisitions
YoY Change
Other Investing Activities $7.833M $14.30M
YoY Change -21.84% -26.16%
Cash From Investing Activities $2.137M $8.300M
YoY Change -63.09% -46.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -64.63M -10.70M
YoY Change 73.65% -76.57%
NET CHANGE
Cash From Operating Activities 19.50M 25.70M
Cash From Investing Activities 2.137M 8.300M
Cash From Financing Activities -64.63M -10.70M
Net Change In Cash -43.00M 23.30M
YoY Change 1279.91% 503.31%
FREE CASH FLOW
Cash From Operating Activities $19.50M $25.70M
Capital Expenditures $5.696M $6.000M
Free Cash Flow $13.80M $19.70M
YoY Change -42.68% -48.27%

Facts In Submission

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StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1077026000 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
-15570000 usd
CY2022Q2 us-gaap Dividends
Dividends
5663000 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
439000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1495000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1057727000 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
-53029000 usd
CY2022Q3 us-gaap Dividends
Dividends
5664000 usd
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
444000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1206000 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1000684000 usd
us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
-78481000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
83056000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
100874000 usd
us-gaap Other Noncash Income
OtherNoncashIncome
6562000 usd
us-gaap Other Noncash Income
OtherNoncashIncome
2683000 usd
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
26976000 usd
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
54161000 usd
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
18000 usd
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
1059000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3041000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3295000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1902000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1153000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
2545000 usd
us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
4004000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
7435000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
69588000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
85917000 usd
onl Payments For Capital Improvements And Leasing Costs
PaymentsForCapitalImprovementsAndLeasingCosts
12746000 usd
onl Payments For Capital Improvements And Leasing Costs
PaymentsForCapitalImprovementsAndLeasingCosts
7392000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
13767000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
22281000 usd
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
1374000 usd
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
1798000 usd
us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
0 usd
us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
355026000 usd
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
0 usd
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
355000000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
175000000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
70000000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
129000000 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
175000000 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
5654000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
3096000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
5018000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
74000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
41000 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 usd
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
17000000 usd
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
11327000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-68000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-46000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
44885000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
29109000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
55311000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
29318000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
100196000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
58427000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
20638000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
29318000 usd
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
34673000 usd
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
0 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
55311000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
29318000 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
32286000 usd
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
23282000 usd
CY2023Q3 us-gaap Restricted Cash
RestrictedCash
67910000 usd
CY2022Q3 us-gaap Restricted Cash
RestrictedCash
35145000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
100196000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
58427000 usd
CY2023Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2023Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
79 property
CY2023Q3 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
9300000 sqft
CY2023Q3 onl Number Of States With Real Estate Properties Owned
NumberOfStatesWithRealEstatePropertiesOwned
29 state
CY2023Q3 onl Income From Termination Of Lease
IncomeFromTerminationOfLease
1000000 usd
onl Income From Termination Of Lease
IncomeFromTerminationOfLease
4100000 usd
onl Income From Termination Of Lease
IncomeFromTerminationOfLease
900000 usd
CY2022Q3 us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
200000 usd
CY2023Q3 us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
200000 usd
us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
600000 usd
us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
600000 usd
CY2023Q3 us-gaap Restricted Cash
RestrictedCash
67900000 usd
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
34700000 usd
onl Real Estate Investment Number Of Acquisitions
RealEstateInvestmentNumberOfAcquisitions
0 acquistion
CY2023Q3 onl Real Estate Investment Number Of Acquisitions
RealEstateInvestmentNumberOfAcquisitions
0 acquistion
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
0 usd
onl Real Estate Investment Number Of Acquisitions
RealEstateInvestmentNumberOfAcquisitions
1 landparcel
onl Finance Lease Right Of Use Asset Reclassified To Real Estate Investments
FinanceLeaseRightOfUseAssetReclassifiedToRealEstateInvestments
4700000 usd
onl Number Of Property Held For Sale
NumberOfPropertyHeldForSale
2 property
CY2023Q3 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
3800000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
144304000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
202832000 usd
CY2023Q3 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
21769000 usd
CY2022Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
17249000 usd
onl Below Market Lease Weighted Average Useful Life
BelowMarketLeaseWeightedAverageUsefulLife
P9Y10M24D
CY2023Q3 us-gaap Below Market Lease Net
BelowMarketLeaseNet
9481000 usd
CY2022Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
14068000 usd
us-gaap Amortization Of Lease Incentives
AmortizationOfLeaseIncentives
200000 usd
us-gaap Amortization Of Lease Incentives
AmortizationOfLeaseIncentives
100000 usd
CY2022Q3 us-gaap Amortization Of Lease Incentives
AmortizationOfLeaseIncentives
100000 usd
CY2023Q3 us-gaap Below Market Lease Amortization Income Remainder Of Fiscal Year
BelowMarketLeaseAmortizationIncomeRemainderOfFiscalYear
1407000 usd
CY2023Q3 us-gaap Below Market Lease Amortization Income Next Twelve Months
BelowMarketLeaseAmortizationIncomeNextTwelveMonths
3786000 usd
CY2023Q3 us-gaap Below Market Lease Amortization Income Year Two
BelowMarketLeaseAmortizationIncomeYearTwo
1036000 usd
CY2023Q3 us-gaap Below Market Lease Amortization Income Year Three
BelowMarketLeaseAmortizationIncomeYearThree
817000 usd
CY2023Q3 us-gaap Below Market Lease Amortization Income Year Four
BelowMarketLeaseAmortizationIncomeYearFour
655000 usd
CY2023Q3 us-gaap Below Market Lease Amortization Income Year Five
BelowMarketLeaseAmortizationIncomeYearFive
571000 usd
CY2023Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
11961000 usd
CY2022Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
10461000 usd
CY2023Q3 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
14950000 usd
CY2022Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
11180000 usd
CY2023Q3 onl Deferred Rent Receivable And Accounts Receivable After Allowance For Credit Losses
DeferredRentReceivableAndAccountsReceivableAfterAllowanceForCreditLosses
26911000 usd
CY2022Q4 onl Deferred Rent Receivable And Accounts Receivable After Allowance For Credit Losses
DeferredRentReceivableAndAccountsReceivableAfterAllowanceForCreditLosses
21641000 usd
CY2023Q3 us-gaap Restricted Cash
RestrictedCash
67910000 usd
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
34673000 usd
CY2023Q3 onl Right Of Use Asset
RightOfUseAsset
25650000 usd
CY2022Q4 onl Right Of Use Asset
RightOfUseAsset
26422000 usd
CY2023Q3 us-gaap Equity Method Investments
EquityMethodInvestments
14124000 usd
CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
15824000 usd
CY2023Q3 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
8444000 usd
CY2022Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
4619000 usd
CY2023Q3 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
2203000 usd
CY2022Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
1305000 usd
CY2023Q3 us-gaap Derivative Assets
DerivativeAssets
986000 usd
CY2022Q4 us-gaap Derivative Assets
DerivativeAssets
6308000 usd
CY2023Q3 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
1073000 usd
CY2022Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
1063000 usd
CY2023Q3 us-gaap Other Assets
OtherAssets
120390000 usd
CY2022Q4 us-gaap Other Assets
OtherAssets
90214000 usd
CY2023Q3 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
100000 usd
CY2022Q3 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
100000 usd
us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
100000 usd
us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
100000 usd
CY2023Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
9000000 usd
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
9900000 usd
CY2023Q3 onl Below Market Lease Right Of Use Asset
BelowMarketLeaseRightOfUseAsset
6700000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
9000000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
10600000 usd
CY2022Q4 onl Below Market Lease Right Of Use Asset
BelowMarketLeaseRightOfUseAsset
6800000 usd
CY2023Q3 us-gaap Deferred Offering Costs
DeferredOfferingCosts
600000 usd
CY2022Q4 us-gaap Deferred Offering Costs
DeferredOfferingCosts
500000 usd
CY2023Q3 us-gaap Derivative Assets
DerivativeAssets
986000 usd
CY2022Q4 us-gaap Derivative Assets
DerivativeAssets
6308000 usd
onl Number Of Impaired Properties
NumberOfImpairedProperties
6 property
onl Number Of Impaired Properties
NumberOfImpairedProperties
10 property
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
27000000 usd
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
54200000 usd
onl Number Of Impaired Properties
NumberOfImpairedProperties
6 property
onl Number Of Impaired Properties
NumberOfImpairedProperties
10 property
CY2023Q3 onl Carrying Value Of Impaired Properties
CarryingValueOfImpairedProperties
54803000 usd
CY2022Q3 onl Carrying Value Of Impaired Properties
CarryingValueOfImpairedProperties
98633000 usd
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
26976000 usd
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
54161000 usd
CY2023Q3 onl Impaired Real Estate Properties Fair Value
ImpairedRealEstatePropertiesFairValue
27827000 usd
CY2022Q3 onl Impaired Real Estate Properties Fair Value
ImpairedRealEstatePropertiesFairValue
44472000 usd
CY2023Q3 us-gaap Property Plant And Equipment Fair Value Disclosure
PropertyPlantAndEquipmentFairValueDisclosure
12762000 usd
CY2023Q3 us-gaap Assets Held For Sale Long Lived Fair Value Disclosure
AssetsHeldForSaleLongLivedFairValueDisclosure
1316000 usd
CY2023Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
14078000 usd
CY2022Q4 us-gaap Property Plant And Equipment Fair Value Disclosure
PropertyPlantAndEquipmentFairValueDisclosure
50857000 usd
CY2022Q4 us-gaap Assets Held For Sale Long Lived Fair Value Disclosure
AssetsHeldForSaleLongLivedFairValueDisclosure
2502000 usd
CY2022Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
53359000 usd
CY2023Q3 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
527700000 usd
us-gaap Debt Instrument Term
DebtInstrumentTerm
P3Y1M6D
CY2023Q3 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0463
CY2022Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
525982000 usd
us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
175000000 usd
onl Repayments Extinguishment And Assumptions Of Debt Net
RepaymentsExtinguishmentAndAssumptionsOfDebtNet
174496000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1197000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
0 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
175000000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
355000000 usd
CY2023Q3 us-gaap Long Term Debt
LongTermDebt
530000000 usd
CY2023Q3 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
986000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
6308000 usd
CY2023Q3 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
0 usd
CY2023Q3 onl Derivative Asset Liability Offsetting Amount Fair Value Gross
DerivativeAssetLiabilityOffsettingAmountFairValueGross
0 usd
CY2023Q3 us-gaap Derivative Assets
DerivativeAssets
986000 usd
CY2023Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
0 usd
CY2023Q3 onl Derivative Financial Instruments
DerivativeFinancialInstruments
0 usd
CY2023Q3 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 usd
CY2023Q3 us-gaap Derivative Fair Value Amount Offset Against Collateral Net
DerivativeFairValueAmountOffsetAgainstCollateralNet
986000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
6308000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
0 usd
CY2022Q4 onl Derivative Asset Liability Offsetting Amount Fair Value Gross
DerivativeAssetLiabilityOffsettingAmountFairValueGross
0 usd
CY2022Q4 us-gaap Derivative Assets
DerivativeAssets
6308000 usd
CY2022Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
0 usd
CY2022Q4 onl Derivative Financial Instruments
DerivativeFinancialInstruments
0 usd
CY2022Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 usd
CY2022Q4 us-gaap Derivative Fair Value Amount Offset Against Collateral Net
DerivativeFairValueAmountOffsetAgainstCollateralNet
6308000 usd
us-gaap Interest Paid Net
InterestPaidNet
18727000 usd
us-gaap Interest Paid Net
InterestPaidNet
18729000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
453000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
678000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
4628000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1251000 usd
CY2023Q3 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
7599000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
10034000 usd
CY2023Q3 onl Accrued Capital Expenditures And Leasing Costs
AccruedCapitalExpendituresAndLeasingCosts
4183000 usd
CY2022Q4 onl Accrued Capital Expenditures And Leasing Costs
AccruedCapitalExpendituresAndLeasingCosts
2333000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
447000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
12492000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
15915000 usd
CY2023Q3 onl Lessor Operating Lease Commitment Outstanding Tenant Improvement Allowance
LessorOperatingLeaseCommitmentOutstandingTenantImprovementAllowance
44300000 usd
CY2023Q3 onl Lessor Operating Lease Commitment Outstanding Leasing Commissions
LessorOperatingLeaseCommitmentOutstandingLeasingCommissions
300000 usd
CY2023Q3 onl Lessor Operating Lease Restricted Cash Included In Commitment Outstanding
LessorOperatingLeaseRestrictedCashIncludedInCommitmentOutstanding
34700000 usd
CY2023Q3 onl Lessor Operating Lease Restricted Cash Tenant Improvement Allowance
LessorOperatingLeaseRestrictedCashTenantImprovementAllowance
23600000 usd
CY2023Q3 onl Lessor Operating Lease Restricted Cash Rent Concession Commitment
LessorOperatingLeaseRestrictedCashRentConcessionCommitment
11100000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
32890000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
112183000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
75683000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
72381000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
51814000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
40104000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
158714000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
543769000 usd
CY2023Q3 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.0350
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
300000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
900000 usd
CY2022Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
300000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
800000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
278000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
883000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
892000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
478000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
445000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
5799000 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
10116000 usd
CY2021Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
100000 shares
CY2021Q3 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1000 usd
CY2021Q4 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
56525650 shares
CY2023Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.10
CY2023Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.10
CY2022Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.10
CY2022Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.10
CY2022Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.10
CY2021Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
1120000 shares
CY2021Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
22.42
CY2022Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
50000000 usd
CY2023Q3 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
900000 shares
CY2023Q3 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
5.46
CY2023Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
5000000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
-16507000 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
-53029000 usd
us-gaap Profit Loss
ProfitLoss
-41096000 usd
us-gaap Profit Loss
ProfitLoss
-78481000 usd
CY2023Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
12000 usd
CY2022Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
18000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
38000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
43000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-16519000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-16519000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-53047000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-53047000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-41134000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-41134000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-78524000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-78524000 usd
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
56543379 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
56635038 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
56621362 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
56630086 shares
CY2023Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2022Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56543379 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56635038 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56621362 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56630086 shares
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.29
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.29
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.94
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.94
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.73
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.73
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.39
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.39
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2023Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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