ONL / Orion Office REIT: A Speculative Buy Once The Selling Pressure Subsides

Orion Office REIT Inc. is a new company formed from the office properties of Realty Income and VEREIT. The office sector is currently out of favor, bu more_horizontal

PHOENIX--(BUSINESS WIRE)--Orion Office REIT Inc. (NYSE: ONL) (“Orion” or the “Company”), a fully-integrated real estate investment trust focus more_horizontal

ONL is an office REIT situated in 10 different states in the US. Quarter of their leases are going to expire in 2024 making 1.5-1.9 million square fee more_horizontal

We have had a clear bearish bias on Orion Office REIT Inc. ONL is down 50% since our initial call. more_horizontal

Orion Office REIT, Inc. (NYSE:ONL ) Q4 2022 Earnings Conference Call March 9, 2023 10:00 AM ET Company Participants Paul Hughes - General Counsel and more_horizontal

Orion Office has a strong, mostly investment-grade rated tenant base in recession-resilient industries. It carries low leverage and the dividend is ve more_horizontal

ONL is a new REIT that started life when the US is facing high inflation and a possible recession. This resulted in asset impairments. About half of t more_horizontal

Orion Office reported Q3-2022 results and authorized a buyback. We had previously had a sell rating with an $8.50 price target. more_horizontal