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Orion Office REIT (ONL) Revenue & Revenue Breakdown

OverviewOwnershipFinancialsChartTranscripts

Orion Office REIT Revenue Highlights

Latest Revenue (Y)

$195.04M

Latest Revenue (Q)

$39.18M

Main Segment (Y)

Rental Revenue

Orion Office REIT Revenue by Period

Orion Office REIT Revenue by Year

DateRevenueChange
2023-12-31$195.04M-6.28%
2022-12-31$208.12M161.03%
2021-12-31$79.73M49.10%
2020-12-31$53.47M0.02%
2019-12-31$53.47M-2.19%
2018-12-31$54.66M-

Orion Office REIT generated $195.04M in revenue during NA 2023, up -6.28% compared to the previous quarter, and up 356.80% compared to the same period a year ago.

Orion Office REIT Revenue by Quarter

DateRevenueChange
2024-09-30$39.18M-2.36%
2024-06-30$40.12M-15.35%
2024-03-31$47.40M8.34%
2023-12-31$43.75M-10.85%
2023-09-30$49.08M-5.67%
2023-06-30$52.02M3.65%
2023-03-31$50.19M-0.21%
2022-12-31$50.29M-2.85%
2022-09-30$51.77M-2.04%
2022-06-30$52.85M-0.67%
2022-03-31$53.21M30.40%
2021-12-31$40.80M206.43%
2021-09-30$13.31M5.78%
2021-06-30$12.59M-3.39%
2021-03-31$13.03M-2.04%
2020-12-31$13.30M0.32%
2020-09-30$13.26M-1.39%
2020-06-30$13.44M-0.12%
2020-03-31$13.46M-

Orion Office REIT generated $39.18M in revenue during Q3 2024, up -2.36% compared to the previous quarter, and up 75.31% compared to the same period a year ago.

Orion Office REIT Revenue Breakdown

Orion Office REIT Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21
Fees From Unconsolidated Joint Venture$800.00K$765.00K$271.00K
Rental Revenue$194.24M$207.35M$79.46M

Orion Office REIT's latest annual revenue breakdown by segment (product or service), as of Dec 23: Rental Revenue (99.59%), and Fees From Unconsolidated Joint Venture (0.41%).

Quarterly Revenue by Product

Product/ServiceSep 24Mar 24Dec 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Sep 21
Fees From Unconsolidated Joint Venture$202.00K$202.00K$400.00K$200.00K$200.00K$197.00K$189.00K$190.00K$189.00K-
Rental Revenue$38.98M$46.99M$92.43M$51.82M$49.99M$50.10M$51.58M$52.66M$53.02M$40.49M
Fees From Managed Partnership---------$161.00K

Orion Office REIT's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Rental Revenue (99.48%), and Fees From Unconsolidated Joint Venture (0.52%).

Orion Office REIT Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
KRCKilroy Realty$1.13B$289.94M
DEIDouglas Emmett$1.02B$109.09M
HPPHudson Pacific Properties$952.30M$166.94M
HIWHighwoods Properties$834.00M$204.32M
CUZCousins Properties$801.50M$208.72M
PDMPiedmont Office Realty Trust$678.66M$5.57M
BDNBrandywine Realty Trust$514.65M$131.78M
DEAEasterly Government Properties$287.23M$76.39M
ONLOrion Office REIT$195.04M$39.18M
CIOCity Office REIT$179.10M$42.37M
EQCEquity Commonwealth$5.19M$13.99M

ONL Revenue FAQ

What is Orion Office REIT’s yearly revenue?

Orion Office REIT's yearly revenue for 2023 was $195.04M, representing a decrease of -6.28% compared to 2022. The company's yearly revenue for 2022 was $208.12M, representing an increase of 161.03% compared to 2021. ONL's yearly revenue for 2021 was $79.73M, representing an increase of 49.10% compared to 2020.

What is Orion Office REIT’s quarterly revenue?

Orion Office REIT's quarterly revenue for Q3 2024 was $39.18M, a -2.36% decrease from the previous quarter (Q2 2024), and a -20.17% decrease year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $40.12M, a -15.35% decrease from the previous quarter (Q1 2024), and a -22.87% decrease year-over-year (Q2 2023). ONL's quarterly revenue for Q1 2024 was $47.4M, a 8.34% increase from the previous quarter (Q4 2023), and a -5.56% decrease year-over-year (Q1 2023).

What is Orion Office REIT’s revenue growth rate?

Orion Office REIT's revenue growth rate for the last 3 years (2021-2023) was 144.62%, and for the last 5 years (2019-2023) was 264.80%.

What are Orion Office REIT’s revenue streams?

Orion Office REIT's revenue streams in c 23 are Fees From Unconsolidated Joint Venture, and Rental Revenue. Fees From Unconsolidated Joint Venture generated $800K in revenue, accounting 0.41% of the company's total revenue, up 4.58% year-over-year. Rental Revenue generated $194.24M in revenue, accounting 99.59% of the company's total revenue, down -6.32% year-over-year.

What is Orion Office REIT’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Orion Office REIT was Rental Revenue. This segment made a revenue of $194.24M, representing 99.59% of the company's total revenue.