Orion Office REIT Q2 FFO $0.25 Down From $0.48 YoY, Sales $39.92M Down From $51.82M YoY
Portfolio Pulse from saritha@benzinga.com
Orion Office REIT (NYSE:ONL) reported a significant decline in its Q2 financial performance. The company's FFO per share dropped by 47.92% to $0.25, and sales decreased by 22.96% to $39.92 million compared to the same period last year.
August 08, 2024 | 8:41 pm
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NEGATIVE IMPACT
Orion Office REIT reported a 47.92% decrease in FFO per share and a 22.96% decrease in sales for Q2 compared to the same period last year.
The significant decline in both FFO per share and sales indicates a weakening financial performance, which is likely to negatively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100