| | | | Sincerely, | |
| | | |
[ • ]
[President and Chief Executive Officer] Orion Office REIT Inc. |
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| | | | F-1 | | |
Region
|
| |
Total Square Feet (000s)
|
| |
% of December 31, 2020 ABR
|
| ||||||
Northeast
|
| | | | 2,487 | | | | | | 29.4% | | |
Midwest
|
| | | | 3,698 | | | | | | 28.7% | | |
Southwest
|
| | | | 2,760 | | | | | | 24.8% | | |
Southeast
|
| | | | 647 | | | | | | 6.9% | | |
Mid-Atlantic
|
| | | | 510 | | | | | | 5.8% | | |
West
|
| | | | 274 | | | | | | 3.0% | | |
Other
|
| | | | 56 | | | | | | 0.8% | | |
Northwest
|
| | | | 74 | | | | | | 0.6% | | |
Totals | | | | | 10,506 | | | | | | 100.0% | | |
As of
|
| |
Square Feet
Owned (000s) |
| |
Occupancy Rate
|
| |
Average Annual Base
Rent per Square Foot |
| |||||||||
December 31, 2020
|
| | | | 10,506 | | | | | | 94.4% | | | | | $ | 17.23 | | |
| | | | | | | | | | | | | | |
Property
|
| |
IG
|
| |
Annualized
|
| |
Annualized
|
| | |||||||||||
#
|
| |
Client Industry
|
| |
City
|
| |
State
|
| |
Square Feet
(000s) |
| |
Rated?(1)
|
| |
Base Rent
(000s)(2) |
| |
Base Rent
per SF |
| | ||||||||||||||
1
|
| |
Financial Services
|
| |
Hopewell
|
| | | | NJ | | | | | | 482 | | | |
✓
|
| | | $ | 12,134 | | | | | $ | 25.18 | | | | ||
2
|
| |
Insurance
|
| |
Buffalo
|
| | | | NY | | | | | | 430 | | | |
✓
|
| | | $ | 8,090 | | | | | $ | 18.79 | | | | ||
3
|
| |
Telecommunications
|
| |
Bedford
|
| | | | MA | | | | | | 328 | | | | | | | | $ | 7,364 | | | | | $ | 22.43 | | | | | |
4
|
| |
Multi- Tenant
|
| |
Covington
|
| | | | KY | | | | | | 438 | | | | | | | | $ | 6,227 | | | | | $ | 14.73 | | | | | |
5
|
| |
Multi- Tenant
|
| |
Tulsa
|
| | | | OK | | | | | | 329 | | | | | | | | $ | 5,643 | | | | | $ | 18.06 | | | | | |
6
|
| |
Health Care
|
| |
Malvern
|
| | | | PA | | | | | | 188 | | | | | | | | $ | 5,378 | | | | | $ | 28.66 | | | | | |
7
|
| |
Health Care
|
| |
Parsippany
|
| | | | NJ | | | | | | 176 | | | |
✓
|
| | | $ | 4,995 | | | | | $ | 28.37 | | | | ||
8
|
| |
Insurance
|
| |
Plano
|
| | | | TX | | | | | | 209 | | | |
✓
|
| | | $ | 4,188 | | | | | $ | 20.07 | | | | ||
9
|
| |
Multi- Tenant
|
| |
Denver
|
| | | | CO | | | | | | 262 | | | | | | | | $ | 4,132 | | | | | $ | 28.68 | | | | | |
10
|
| |
Drug Stores
|
| |
Northbrook
|
| | | | IL | | | | | | 195 | | | |
✓
|
| | | $ | 3,907 | | | | | $ | 20.02 | | | | ||
11
|
| |
Health Care
|
| |
Berkeley
|
| | | | MO | | | | | | 227 | | | |
✓
|
| | | $ | 3,463 | | | | | $ | 15.22 | | | | ||
12
|
| |
Insurance
|
| |
Urbana
|
| | | | MD | | | | | | 116 | | | |
✓
|
| | | $ | 3,375 | | | | | $ | 29.15 | | | | ||
13
|
| |
Health Care
|
| |
Irving
|
| | | | TX | | | | | | 172 | | | | | | | | $ | 3,346 | | | | | $ | 19.43 | | | | | |
14
|
| |
Health Care US
|
| |
Bedford
|
| | | | TX | | | | | | 75 | | | | | | | | $ | 3,303 | | | | | $ | 44.04 | | | | | |
15
|
| |
Other
|
| |
Sterling
|
| | | | VA | | | | | | 207 | | | | | | | | $ | 3,166 | | | | | $ | 15.28 | | | | | |
16
|
| |
Other
|
| |
Schaumburg
|
| | | | IL | | | | | | 178 | | | |
✓
|
| | | $ | 2,844 | | | | | $ | 15.99 | | | | ||
17
|
| |
Insurance
|
| |
Oklahoma City
|
| | | | OK | | | | | | 147 | | | | | | | | $ | 2,791 | | | | | $ | 18.97 | | | | | |
18
|
| |
Telecommunications
|
| |
Richardson
|
| | | | TX | | | | | | 203 | | | |
✓
|
| | | $ | 2,735 | | | | | $ | 13.45 | | | | ||
19
|
| |
Transportation Services
|
| |
Uniontown
|
| | | | OH | | | | | | 267 | | | |
✓
|
| | | $ | 2,726 | | | | | $ | 10.23 | | | | ||
20
|
| |
Other Manufacturing
|
| |
Glen Burnie
|
| | | | MD | | | | | | 120 | | | |
✓
|
| | | $ | 2,661 | | | | | $ | 22.18 | | | |
| | | | | | | | | | | | | | |
Property
|
| |
IG
|
| |
Annualized
|
| |
Annualized
|
| | |||||||||||
#
|
| |
Client Industry
|
| |
City
|
| |
State
|
| |
Square Feet
(000s) |
| |
Rated?(1)
|
| |
Base Rent
(000s)(2) |
| |
Base Rent
per SF |
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21
|
| |
Multi- Tenant
|
| |
The Woodlands
|
| | | | TX | | | | | | 154 | | | | | | | | $ | 2,413 | | | | | $ | 19.09 | | | | | |
22
|
| |
Multi- Tenant
|
| |
The Woodlands
|
| | | | TX | | | | | | 175 | | | | | | | | $ | 2,366 | | | | | $ | 17.99 | | | | | |
23
|
| |
Health Care US
|
| |
St. Louis
|
| | | | MO | | | | | | 181 | | | |
✓
|
| | | $ | 2,356 | | | | | $ | 13.01 | | | | ||
24
|
| |
General Merchandise
|
| |
Providence
|
| | | | RI | | | | | | 136 | | | |
✓
|
| | | $ | 2,242 | | | | | $ | 16.50 | | | | ||
25
|
| |
Telecommunications
|
| |
Lincoln
|
| | | | NE | | | | | | 150 | | | | | | | | $ | 2,237 | | | | | $ | 14.91 | | | | | |
26
|
| |
Telecommunications
|
| |
Amherst
|
| | | | NY | | | | | | 200 | | | | | | | | $ | 2,197 | | | | | $ | 10.98 | | | | | |
27
|
| |
Insurance
|
| |
Fresno
|
| | | | CA | | | | | | 127 | | | |
✓
|
| | | $ | 2,192 | | | | | $ | 17.26 | | | | ||
28
|
| |
Financial Services
|
| |
Mount Pleasant
|
| | | | SC | | | | | | 68 | | | |
✓
|
| | | $ | 2,186 | | | | | $ | 32.14 | | | | ||
29
|
| |
Telecommunications
|
| |
Milwaukee
|
| | | | WI | | | | | | 155 | | | |
✓
|
| | | $ | 2,134 | | | | | $ | 13.78 | | | | ||
30
|
| |
Insurance
|
| |
Phoenix
|
| | | | AZ | | | | | | 90 | | | |
✓
|
| | | $ | 2,089 | | | | | $ | 23.11 | | | | ||
31
|
| |
Food Processing
|
| |
St. Charles
|
| | | | MO | | | | | | 96 | | | |
✓
|
| | | $ | 2,022 | | | | | $ | 21.02 | | | | ||
32
|
| |
Financial Services
|
| |
Englewood
|
| | | | CO | | | | | | 95 | | | |
✓
|
| | | $ | 1,942 | | | | | $ | 20.39 | | | | ||
33
|
| |
Aerospace
|
| |
Columbus
|
| | | | OH | | | | | | 147 | | | |
✓
|
| | | $ | 1,917 | | | | | $ | 13.08 | | | | ||
34
|
| |
Home Improvement
|
| |
Santee
|
| | | | CA | | | | | | 73 | | | |
✓
|
| | | $ | 1,874 | | | | | $ | 25.72 | | | | ||
35
|
| |
Multi- Tenant
|
| |
San Antonio
|
| | | | TX | | | | | | 96 | | | | | | | | $ | 1,869 | | | | | $ | 19.49 | | | | | |
36
|
| |
Financial Services
|
| |
Dublin
|
| | | | OH | | | | | | 150 | | | |
✓
|
| | | $ | 1,800 | | | | | $ | 12.00 | | | | ||
37
|
| |
Other Manufacturing
|
| |
East Windsor
|
| | | | NJ | | | | | | 66 | | | | | | | | $ | 1,754 | | | | | $ | 26.62 | | | | | |
38
|
| |
Telecommunications
|
| |
Augusta
|
| | | | GA | | | | | | 78 | | | |
✓
|
| | | $ | 1,645 | | | | | $ | 20.83 | | | | ||
39
|
| |
Transportation Services
|
| |
Memphis
|
| | | | TN | | | | | | 90 | | | |
✓
|
| | | $ | 1,633 | | | | | $ | 18.06 | | | | ||
40
|
| |
Diversified Industrial
|
| |
Buffalo Grove
|
| | | | IL | | | | | | 105 | | | |
✓
|
| | | $ | 1,629 | | | | | $ | 15.50 | | | | ||
41
|
| |
Diversified Industrial
|
| |
Longmont
|
| | | | CO | | | | | | 152 | | | |
✓
|
| | | $ | 1,604 | | | | | $ | 10.54 | | | | ||
42
|
| |
Diversified Industrial
|
| |
Annandale
|
| | | | NJ | | | | | | 105 | | | |
✓
|
| | | $ | 1,602 | | | | | $ | 15.25 | | | | ||
43
|
| |
Health Care
|
| |
Waukegan
|
| | | | IL | | | | | | 131 | | | |
✓
|
| | | $ | 1,543 | | | | | $ | 11.75 | | | | ||
44
|
| |
Telecommunications
|
| |
Brownsville
|
| | | | TX | | | | | | 78 | | | |
✓
|
| | | $ | 1,539 | | | | | $ | 19.73 | | | | ||
45
|
| |
Equipment Services
|
| |
Duluth
|
| | | | GA | | | | | | 126 | | | |
✓
|
| | | $ | 1,461 | | | | | $ | 11.61 | | | | ||
46
|
| |
Telecommunications
|
| |
East Syracuse
|
| | | | NY | | | | | | 109 | | | |
✓
|
| | | $ | 1,446 | | | | | $ | 13.32 | | | | ||
47
|
| |
Telecommunications
|
| |
Schaumburg
|
| | | | IL | | | | | | 106 | | | |
✓
|
| | | $ | 1,394 | | | | | $ | 13.10 | | | | ||
48
|
| |
Diversified Industrial
|
| |
Cedar Rapids
|
| | | | IA | | | | | | 78 | | | |
✓
|
| | | $ | 1,356 | | | | | $ | 17.41 | | | | ||
49
|
| |
Government Services
|
| |
Ponce
|
| | | | PR | | | | | | 57 | | | |
✓
|
| | | $ | 1,326 | | | | | $ | 23.46 | | | | ||
50
|
| |
Other Manufacturing
|
| |
Malvern
|
| | | | PA | | | | | | 45 | | | | | | | | $ | 1,269 | | | | | $ | 27.95 | | | | ||
51
|
| |
Home Improvement
|
| |
Kennesaw
|
| | | | GA | | | | | | 80 | | | |
✓
|
| | | $ | 1,249 | | | | | $ | 15.61 | | | | ||
52
|
| |
Government Services
|
| |
Redding
|
| | | | CA | | | | | | 56 | | | |
✓
|
| | | $ | 1,233 | | | | | $ | 22.18 | | | | ||
53
|
| |
Financial Services
|
| |
Harleysville
|
| | | | PA | | | | | | 80 | | | |
✓
|
| | | $ | 1,181 | | | | | $ | 14.71 | | | | ||
54
|
| |
Drug Stores
|
| |
Deerfield
|
| | | | IL | | | | | | 110 | | | |
✓
|
| | | $ | 1,165 | | | | | $ | 10.61 | | | | ||
55
|
| |
Telecommunications
|
| |
Salem
|
| | | | OR | | | | | | 74 | | | |
✓
|
| | | $ | 1,120 | | | | | $ | 15.17 | | | | ||
56
|
| |
Drug Stores
|
| |
Deerfield
|
| | | | IL | | | | | | 105 | | | |
✓
|
| | | $ | 1,119 | | | | | $ | 10.61 | | | | ||
57
|
| |
Drug Stores
|
| |
Deerfield
|
| | | | IL | | | | | | 105 | | | |
✓
|
| | | $ | 1,118 | | | | | $ | 10.61 | | | | ||
58
|
| |
Drug Stores
|
| |
Deerfield
|
| | | | IL | | | | | | 105 | | | |
✓
|
| | | $ | 1,116 | | | | | $ | 10.61 | | | | ||
59
|
| |
Other
|
| |
Dublin
|
| | | | OH | | | | | | 69 | | | | | | | | $ | 1,108 | | | | | $ | 16.12 | | | | | |
60
|
| |
Government Services
|
| |
Parkersburg
|
| | | | WV | | | | | | 67 | | | |
✓
|
| | | $ | 1,071 | | | | | $ | 15.94 | | | | ||
61
|
| |
Telecommunications
|
| |
Nashville
|
| | | | TN | | | | | | 69 | | | |
✓
|
| | | $ | 1,037 | | | | | $ | 14.97 | | | |
| | | | | | | | | | | | | | |
Property
|
| |
IG
|
| |
Annualized
|
| |
Annualized
|
| | |||||||||||
#
|
| |
Client Industry
|
| |
City
|
| |
State
|
| |
Square Feet
(000s) |
| |
Rated?(1)
|
| |
Base Rent
(000s)(2) |
| |
Base Rent
per SF |
| | ||||||||||||||
62
|
| |
Government Contractor
|
| |
Lawrence
|
| | | | KS | | | | | | 97 | | | | | | | | $ | 1,010 | | | | | $ | 10.38 | | | | | |
63
|
| |
Government Services
|
| |
Malone
|
| | | | NY | | | | | | 31 | | | |
✓
|
| | | $ | 998 | | | | | $ | 32.44 | | | | ||
64
|
| |
Health Care
|
| |
Nashville
|
| | | | TN | | | | | | 55 | | | |
✓
|
| | | $ | 969 | | | | | $ | 17.77 | | | | ||
65
|
| |
Other
|
| |
Tulsa
|
| | | | OK | | | | | | 108 | | | | | | | | $ | 966 | | | | | $ | 8.98 | | | | | |
66
|
| |
Drug Stores
|
| |
Deerfield
|
| | | | IL | | | | | | 82 | | | |
✓
|
| | | $ | 870 | | | | | $ | 10.61 | | | | ||
67
|
| |
Government Services
|
| |
New Port Richey
|
| | | | FL | | | | | | 49 | | | |
✓
|
| | | $ | 866 | | | | | $ | 17.76 | | | | ||
68
|
| |
Government Contractor
|
| |
Lawrence
|
| | | | KS | | | | | | 97 | | | | | | | | $ | 866 | | | | | $ | 8.89 | | | | | |
69
|
| |
Government Services
|
| |
Knoxville
|
| | | | TN | | | | | | 25 | | | |
✓
|
| | | $ | 820 | | | | | $ | 32.26 | | | | ||
70
|
| |
Financial Services
|
| |
Warwick
|
| | | | RI | | | | | | 70 | | | |
✓
|
| | | $ | 762 | | | | | $ | 10.93 | | | | ||
71
|
| |
Government Services
|
| |
Dallas
|
| | | | TX | | | | | | 18 | | | |
✓
|
| | | $ | 761 | | | | | $ | 43.16 | | | | ||
72
|
| |
Insurance
|
| |
Cedar Falls
|
| | | | IA | | | | | | 45 | | | |
✓
|
| | | $ | 753 | | | | | $ | 16.56 | | | | ||
73
|
| |
Government Services
|
| |
Grangeville
|
| | | | ID | | | | | | 35 | | | |
✓
|
| | | $ | 742 | | | | | $ | 21.00 | | | | ||
74
|
| |
Drug Stores
|
| |
Deerfield
|
| | | | IL | | | | | | 67 | | | |
✓
|
| | | $ | 707 | | | | | $ | 10.61 | | | | ||
75
|
| |
Health Care
|
| |
Indianapolis
|
| | | | IN | | | | | | 83 | | | | | | | | $ | 587 | | | | | $ | 7.09 | | | | | |
76
|
| |
Government Services
|
| |
Minneapolis
|
| | | | MN | | | | | | 39 | | | |
✓
|
| | | $ | 493 | | | | | $ | 12.55 | | | | ||
77
|
| |
Food Processing
|
| |
Blair
|
| | | | NE | | | | | | 30 | | | |
✓
|
| | | $ | 486 | | | | | $ | 16.21 | | | | ||
78
|
| |
Government Services
|
| |
Sioux City
|
| | | | IA | | | | | | 11 | | | |
✓
|
| | | $ | 484 | | | | | $ | 43.29 | | | | ||
79
|
| |
Government Services
|
| |
Eagle Pass
|
| | | | TX | | | | | | 22 | | | |
✓
|
| | | $ | 449 | | | | | $ | 20.51 | | | | ||
80
|
| |
Government Services
|
| |
Paris
|
| | | | TX | | | | | | 11 | | | |
✓
|
| | | $ | 435 | | | | | $ | 40.26 | | | | ||
81
|
| |
Government Services
|
| |
Fort Worth
|
| | | | TX | | | | | | 16 | | | |
✓
|
| | | $ | 405 | | | | | $ | 25.59 | | | | ||
82
|
| |
Government Services
|
| |
Plattsburgh
|
| | | | NY | | | | | | 19 | | | |
✓
|
| | | $ | 338 | | | | | $ | 18.16 | | | | ||
83
|
| |
Government Services
|
| |
Brownsville
|
| | | | TX | | | | | | 11 | | | |
✓
|
| | | $ | 322 | | | | | $ | 30.51 | | | | ||
84
|
| |
Government Services
|
| |
Caldwell
|
| | | | ID | | | | | | 11 | | | |
✓
|
| | | $ | 259 | | | | | $ | 24.08 | | | | ||
85
|
| |
Government Services
|
| |
Eagle Pass
|
| | | | TX | | | | | | 12 | | | |
✓
|
| | | $ | 202 | | | | | $ | 17.33 | | | | ||
86
|
| |
Government Services
|
| |
Cocoa
|
| | | | FL | | | | | | 6 | | | |
✓
|
| | | $ | 176 | | | | | $ | 28.84 | | | | ||
87
|
| |
Vacant
|
| |
Tucson
|
| | | | AZ | | | | | | 125 | | | | | | | | $ | 0 | | | | | $ | 0.00 | | | | ||
88
|
| |
Vacant
|
| |
Sierra Vista
|
| | | | AZ | | | | | | 24 | | | | | | | | $ | 0 | | | | | $ | 0.00 | | | | ||
89
|
| |
Vacant
|
| |
El Centro
|
| | | | CA | | | | | | 18 | | | | | | | | $ | 0 | | | | | $ | 0.00 | | | | ||
90
|
| |
Vacant
|
| |
Ridley Park
|
| | | | PA | | | | | | 23 | | | | | | | | $ | 0 | | | | | $ | 0.00 | | | | ||
91
|
| |
Vacant
|
| |
Englewood
|
| | | | CO | | | | | | 61 | | | | | | | | $ | 0 | | | | | $ | 0.00 | | | | ||
92
|
| |
Vacant
|
| |
Richardson
|
| | | | TX | | | | | | 116 | | | | | | | | $ | 0 | | | | | $ | 0.00 | | | | ||
Total | | | | | | | | | | | | | | | | | 10,506 | | | | | | | | $ | 175,748 | | | | | $ | 17.23 | | | | ||
|
| | |
Interest Rate
(as of December 31, 2020) |
| |
Fixed or Floating
Interest Rate |
| |
Contractual
Maturity Date |
| |
Mortgage Balance
($000s, as of December 31, 2020) |
| |||
| | |
5.55%
|
| |
Fixed
|
| |
4/1/2021
|
| | | $ | 39,611 | | |
| | |
5.02%
|
| |
Fixed
|
| |
7/1/2021
|
| | | $ | 19,187 | | |
| | |
5.40%
|
| |
Fixed
|
| |
7/1/2021
|
| | | $ | 14,040 | | |
| | |
L+325 bps
|
| |
Floating
|
| |
8/19/2021
|
| | | $ | 15,069 | | |
| | |
6.05%
|
| |
Fixed
|
| |
5/6/2022
|
| | | $ | 2,100 | | |
| | |
6.05%
|
| |
Fixed
|
| |
5/6/2022
|
| | | $ | 500 | | |
| | |
4.73%
|
| |
Fixed
|
| |
6/1/2022
|
| | | $ | 27,700 | | |
| | |
4.88%
|
| |
Fixed
|
| |
6/1/2022
|
| | | $ | 9,625 | | |
| | |
4.73%
|
| |
Fixed
|
| |
6/1/2022
|
| | | $ | 8,600 | | |
| | |
4.73%
|
| |
Fixed
|
| |
6/1/2022
|
| | | $ | 4,700 | | |
| | |
4.60%
|
| |
Fixed
|
| |
6/6/2022
|
| | | $ | 10,367 | | |
| | |
4.60%
|
| |
Fixed
|
| |
6/6/2022
|
| | | $ | 7,135 | | |
| | |
4.23%
|
| |
Fixed
|
| |
3/1/2023
|
| | | $ | 74,250 | | |
| | |
3.95%
|
| |
Fixed
|
| |
4/1/2023
|
| | | $ | 8,672 | | |
| | |
5.63%
|
| |
Fixed
|
| |
6/1/2032
|
| | | $ | 12,811 | | |
Totals | | |
4.71%
|
| | | | |
1.8 Years
|
| | | $ | 254,367 | | |
Client
|
| |
Square Feet
Leased (000s) |
| |
Annualized Base Rent for
the month ending December 31, 2020 ($000s) |
| |
Percentage of
December 31, 2020 ABR |
| |||||||||
Government Services
Administration |
| | | | 873 | | | | | $ | 17,061 | | | | | | 9.7% | | |
Merrill Lynch
|
| | | | 482 | | | | | $ | 12,134 | | | | | | 6.9% | | |
Cigna
|
| | | | 708 | | | | | $ | 12,095 | | | | | | 6.9% | | |
HealthNow Systems
|
| | | | 430 | | | | | $ | 8,090 | | | | | | 4.6% | | |
RSA Security
|
| | | | 328 | | | | | $ | 7,364 | | | | | | 4.2% | | |
Walgreens
|
| | | | 575 | | | | | $ | 6,094 | | | | | | 3.5% | | |
Cimarex Energy
|
| | | | 312 | | | | | $ | 5,643 | | | | | | 3.2% | | |
Teva Pharmaceuticals
|
| | | | 188 | | | | | $ | 5,378 | | | | | | 3.1% | | |
T-Mobile
|
| | | | 300 | | | | | $ | 5,341 | | | | | | 3.0% | | |
The Medicines Company
(Novartis) |
| | | | 176 | | | | | $ | 4,995 | | | | | | 2.8% | | |
Industry
|
| |
Square Feet
Leased (000s) |
| |
Annualized Base Rent for
the month ending December 31, 2020 ($000s) |
| |
Percentage of
December 31, 2020 ABR |
| |||||||||
Health Care
|
| | | | 1,425 | | | | | $ | 28,547 | | | | | | 16.2% | | |
Telecommunications
|
| | | | 1,551 | | | | | $ | 24,848 | | | | | | 14.1% | | |
Insurance
|
| | | | 1,165 | | | | | $ | 23,478 | | | | | | 13.4% | | |
Financial Services
|
| | | | 953 | | | | | $ | 20,191 | | | | | | 11.5% | | |
Government Services
|
| | | | 912 | | | | | $ | 17,547 | | | | | | 10.0% | | |
Diversified Industrial
|
| | | | 874 | | | | | $ | 14,053 | | | | | | 8.0% | | |
Drug Stores
|
| | | | 770 | | | | | $ | 10,001 | | | | | | 5.5% | | |
Other
|
| | | | 640 | | | | | $ | 9,601 | | | | | | 5.5% | | |
Home Improvement
|
| | | | 301 | | | | | $ | 7,323 | | | | | | 4.2% | | |
Other Manufacturing
|
| | | | 231 | | | | | $ | 5,684 | | | | | | 3.2% | | |
Year
|
| |
Square Feet
of Expiring Leases (000s) |
| |
Percentage of
Property Square Feet |
| |
Annualized Base Rent for
the month ending December 31, 2020 ($000s) |
| |
Percentage of
December 31, 2020 ABR |
| ||||||||||||
2021
|
| | | | 821 | | | | | | 7.8% | | | | | $ | 15,579 | | | | | | 8.9% | | |
2022
|
| | | | 1,323 | | | | | | 12.6% | | | | | $ | 23,272 | | | | | | 13.2% | | |
2023
|
| | | | 1,652 | | | | | | 15.7% | | | | | $ | 24,377 | | | | | | 13.9% | | |
2024
|
| | | | 2,675 | | | | | | 25.5% | | | | | $ | 50,102 | | | | | | 28.5% | | |
2025
|
| | | | 935 | | | | | | 8.9% | | | | | $ | 16,249 | | | | | | 9.2% | | |
2026
|
| | | | 773 | | | | | | 7.4% | | | | | $ | 15,693 | | | | | | 8.9% | | |
2027
|
| | | | 645 | | | | | | 6.1% | | | | | $ | 10,263 | | | | | | 5.8% | | |
2028
|
| | | | 453 | | | | | | 4.3% | | | | | $ | 7,461 | | | | | | 4.2% | | |
2029
|
| | | | 211 | | | | | | 2.0% | | | | | $ | 3,192 | | | | | | 1.8% | | |
2030
|
| | | | 75 | | | | | | 0.7% | | | | | $ | 3,303 | | | | | | 1.9% | | |
Thereafter
|
| | | | 944 | | | | | | 9.0% | | | | | $ | 6,257 | | | | | | 3.6% | | |
| | |
Year Ended December 31,
|
| |||||||||||||||
(in millions)
|
| |
2020
|
| |
2019
|
| |
2018
|
| |||||||||
Income Statement Data | | | | | | | | | | | | | | | | | | | |
Total revenues
|
| | | $ | 53.5 | | | | | $ | 53.5 | | | | | $ | 54.7 | | |
Total expenses
|
| | | | 55.4 | | | | | | 38.2 | | | | | | 39.9 | | |
Total net (loss) income
|
| | | $ | (1.9) | | | | | $ | 15.3 | | | | | $ | 14.8 | | |
Cash Flow Provided By (Used In) | | | | | | | | | | | | | | | | | | | |
Operating Activities
|
| | | $ | 42.3 | | | | | $ | 40.0 | | | | | $ | 42.0 | | |
Investing Activities
|
| | | | (0.5) | | | | | | (0.5) | | | | | | (2.4) | | |
Financing Activities
|
| | | | (41.7) | | | | | | (38.6) | | | | | | (49.6) | | |
| | |
As of December 31,
|
| |||||||||
(in millions)
|
| |
2020
|
| |
2019
|
| ||||||
Balance Sheet Data | | | | | | | | | | | | | |
Total real estate, net
|
| | | $ | 497.9 | | | | | $ | 534.1 | | |
Total assets
|
| | | | 546.4 | | | | | | 592.2 | | |
Mortgage payable, net
|
| | | | 37.1 | | | | | | 70.1 | | |
Total liabilities
|
| | | | 49.3 | | | | | | 84.2 | | |
Total equity
|
| | | | 497.1 | | | | | | 508.0 | | |
| | |
Year Ended December 31,
|
| |||||||||||||||
(in millions)
|
| |
2020
|
| |
2019
|
| |
2018
|
| |||||||||
Funds from operations (FFO)
|
| | | $ | 42.8 | | | | | $ | 42.2 | | | | | $ | 42.8 | | |
Adjusted funds from operations (AFFO)
|
| | | $ | 42.0 | | | | | $ | 40.8 | | | | | $ | 40.2 | | |
| | |
Year Ended December 31,
|
| |||||||||||||||
(in millions)
|
| |
2020
|
| |
2019
|
| |
2018
|
| |||||||||
Income Statement Data | | | | | | | | | | | | | | | | | | | |
Total revenues
|
| | | $ | 166.3 | | | | | $ | 169.8 | | | | | $ | 167.8 | | |
Total expenses
|
| | | | 134.3 | | | | | | 132.8 | | | | | | 145.8 | | |
Total net income
|
| | | | 32.0 | | | | | | 37.0 | | | | | | 22.0 | | |
Total net (loss) income attributable to non-controlling interests
|
| | | | 0.1 | | | | | | 0.1 | | | | | | 0.2 | | |
Total net (loss) income attributable to VEREIT Office Assets
|
| | | $ | 32.1 | | | | | $ | 37.1 | | | | | $ | 22.2 | | |
Cash Flow Provided By (Used In) | | | | | | | | | | | | | | | | | | | |
Operating Activities
|
| | | $ | 104.9 | | | | | $ | 104.3 | | | | | $ | 99.1 | | |
Investing Activities
|
| | | | (8.7) | | | | | | (11.3) | | | | | | (12.7) | | |
Financing Activities
|
| | | | (95.7) | | | | | | (92.0) | | | | | | (89.5) | | |
| | |
As of December 31,
|
| |||||||||
(in millions)
|
| |
2020
|
| |
2019
|
| ||||||
Balance Sheet Data | | | | | | | | | | | | | |
Total real estate, net
|
| | | $ | 1,196.0 | | | | | $ | 1,261.1 | | |
Total assets
|
| | | | 1,387.3 | | | | | | 1,452.4 | | |
Mortgage payable, net
|
| | | | 217.6 | | | | | | 221.8 | | |
Total liabilities
|
| | | | 250.9 | | | | | | 255.7 | | |
Total equity
|
| | | | 1,136.4 | | | | | | 1,196.7 | | |
| | |
Year Ended December 31,
|
| |||||||||||||||
| | |
2020
|
| |
2019
|
| |
2018
|
| |||||||||
Funds from operations (FFO)
|
| | | $ | 103.2 | | | | | $ | 106.1 | | | | | $ | 102.9 | | |
Adjusted funds from operations (AFFO)
|
| | | $ | 103.8 | | | | | $ | 105.4 | | | | | $ | 99.0 | | |