Orion Office REIT (NYSE:ONL) Issues Earnings Results

Orion Office REIT (NYSE:ONL - Get Free Report) announced its earnings results on Wednesday. The company reported $0.18 EPS for the quarter, Zacks reports. Orion Office REIT had a negative return on equity of 10.28% and a negative net margin of 50.76%. The company had revenue of $38.36 million for the quarter. Orion Office REIT updated its FY 2025 guidance to 0.610-0.700 EPS.

Orion Office REIT Price Performance

ONL traded down $0.22 during midday trading on Friday, hitting $2.51. The company had a trading volume of 2,764,949 shares, compared to its average volume of 374,377. Orion Office REIT has a twelve month low of $2.34 and a twelve month high of $4.39. The firm's 50-day simple moving average is $3.92 and its 200-day simple moving average is $3.96. The company has a market capitalization of $140.15 million, a PE ratio of -1.63 and a beta of 1.07. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 0.75.

Orion Office REIT Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date is Monday, March 31st. Orion Office REIT's dividend payout ratio is currently -21.74%.

About Orion Office REIT

Orion Office REIT specializes in the ownership, acquisition and management of a diversified portfolio of mission-critical and corporate headquarters office buildings in high-quality suburban markets across the U.S. The portfolio is leased primarily on a single-tenant net lease basis to creditworthy tenants.