Orion Office REIT Q2 FFO $0.48 Up From $0.47 YoY, Sales $51.82M Beat $49.60M Estimate
Portfolio Pulse from saritha@benzinga.com
Orion Office REIT (NYSE:ONL) reported Q2 earnings of $0.48 per share, a 2.13% increase YoY. The company's quarterly sales were $51.82 million, beating the analyst consensus estimate of $49.60 million by 4.48%, but showing a 1.59% decrease compared to the same period last year.
August 09, 2023 | 8:26 pm
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POSITIVE IMPACT
Orion Office REIT's Q2 earnings and sales beat estimates, but showed a slight decrease in sales compared to last year.
Orion Office REIT's earnings beat estimates, which is generally positive for the stock. However, the slight decrease in sales compared to last year might temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100