Quarterly report pursuant to Section 13 or 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
Mar. 31, 2022
Dec. 31, 2021
Real estate investments, at cost:    
Land $ 254,786 $ 250,194
Buildings, fixtures and improvements 1,231,469 1,231,551
Total real estate investments, at cost 1,486,255 1,481,745
Less: accumulated depreciation and amortization 137,217 128,109
Total real estate investments, net 1,349,038 1,353,636
Accounts receivable, net 22,032 17,916
Intangible lease assets, net 272,623 298,107
Cash and cash equivalents 18,585 29,318
Other assets, net 92,671 60,501
Total assets 1,754,949 1,759,478
LIABILITIES AND EQUITY    
Mortgages payable, net 351,648 0
Accounts payable and accrued expenses 17,929 17,379
Below-market lease liabilities, net 18,993 20,609
Distributions payable 5,663 0
Other liabilities, net 19,897 16,355
Total liabilities 677,923 671,190
Common stock, $0.001 par value, 100,000,000 shares authorized and 56,625,650 shares issued and outstanding as of each of March 31, 2022 and December 31, 2021 57 57
Additional paid-in capital 1,145,548 1,145,278
Accumulated other comprehensive income 4,356 299
Accumulated deficit (74,328) (58,715)
Total stockholders’ equity 1,075,633 1,086,919
Non-controlling interest 1,393 1,369
Total equity 1,077,026 1,088,288
Total liabilities and equity 1,754,949 1,759,478
Bridge facility, net    
LIABILITIES AND EQUITY    
Bridge facility, net 0 354,357
Credit facilities 0  
Credit facility term loan, net    
LIABILITIES AND EQUITY    
Credit facilities 172,793 172,490
Credit facility revolver    
LIABILITIES AND EQUITY    
Credit facilities $ 91,000 $ 90,000