Annual report pursuant to Section 13 and 15(d)

ORION OFFICE REIT, CONSOLIDATED AND COMBINED BALANCE SHEETS

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ORION OFFICE REIT, CONSOLIDATED AND COMBINED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Real estate investments, at cost:    
Land $ 250,194 $ 71,191
Buildings, fixtures and improvements 1,231,551 562,828
Total real estate investments, at cost 1,481,745 634,019
Less: accumulated depreciation and amortization 128,109 136,143
Total real estate investments, net 1,353,636 497,876
Accounts receivable, net 17,916 8,078
Intangible lease assets, net 298,107 28,680
Cash and cash equivalents 29,318 0
Other assets, net 60,501 11,797
Total assets 1,759,478 546,431
LIABILITIES AND EQUITY    
Mortgage notes payable, net 0 37,052
Accounts payable and accrued expenses 17,379 848
Below-market lease liabilities, net 20,609 7,221
Other liabilities 16,355 4,192
Total liabilities 671,190 49,313
Net parent investment 0 497,118
Common stock, $0.001 par value, 100,000,000 shares authorized and 56,625,650 shares issued and outstanding as of December 31, 2021 57 0
Additional paid-in capital 1,145,278 0
Accumulated other comprehensive income 299 0
Accumulated deficit (58,715) 0
Total stockholders’ equity 1,086,919 497,118
Non-controlling interest 1,369 0
Total equity 1,088,288 497,118
Total liabilities and equity 1,759,478 546,431
Bridge facility, net    
LIABILITIES AND EQUITY    
Bridge facility, net 354,357 0
Credit facility term loan, net    
LIABILITIES AND EQUITY    
Credit facilities 172,490 0
Credit facility revolver    
LIABILITIES AND EQUITY    
Credit facilities $ 90,000 $ 0