v3.22.2.2
ORION OFFICE REIT, CONSOLIDATED AND COMBINED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Total revenues $ 51,769,000 $ 13,315,000 $ 157,824,000 $ 38,930,000
Operating expenses:        
Property operating 15,303,000 1,660,000 45,773,000 4,611,000
General and administrative 4,672,000 594,000 11,480,000 1,665,000
Depreciation and amortization 32,693,000 5,912,000 100,874,000 17,855,000
Impairments 44,801,000 0 54,161,000 0
Transaction related 194,000 0 398,000 0
Spin related 0 2,797,000 964,000 2,797,000
Total operating expenses 97,663,000 10,963,000 213,650,000 26,928,000
Other (expenses) income:        
Interest expense, net (7,904,000) (276,000) (22,618,000) (1,080,000)
Gain on disposition of real estate assets 1,059,000 0 1,059,000 0
Loss on extinguishment of debt, net 0 (3,499,000) (468,000) (3,499,000)
Other income, net 31,000 0 118,000 0
Equity in loss of unconsolidated joint venture (157,000) 0 (252,000) 0
Total other (expenses) income, net (6,971,000) (3,775,000) (22,161,000) (4,579,000)
(Loss) income before taxes (52,865,000) (1,423,000) (77,987,000) 7,423,000
Provision for income taxes (164,000) 0 (494,000) 0
Net (loss) income (53,029,000) (1,423,000) (78,481,000) 7,423,000
Net income attributable to non-controlling interest (18,000) 0 (43,000) 0
Net (loss) income attributable to common stockholders $ (53,047,000) $ (1,423,000) $ (78,524,000) $ 7,423,000
Weighted-average shares outstanding - basic (in shares) 56,635,038 56,625,650 56,630,086 56,625,650
Weighted-average shares outstanding - diluted (in shares) 56,635,038 56,625,650 56,630,086 56,625,650
Basic net (loss) income per share attributable to common stockholders (in dollars per share) $ (0.94) $ (0.03) $ (1.39) $ 0.13
Diluted net (loss) income per share attributable to common stockholders (in dollars per share) $ (0.94) $ (0.03) $ (1.39) $ 0.13
Rental        
Total revenues $ 51,580,000 $ 13,315,000 $ 157,256,000 $ 38,930,000
Fee income from unconsolidated joint venture        
Total revenues $ 189,000 $ 0 $ 568,000 $ 0

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