Orion Office REIT Inc. Quarterly report pursuant to Section 13 or 15(d)

Realty Income Office Assets, Supplemental Detail for Certain Components of Combined Balance Sheets

9 Months Ended

Sep. 30, 2021

Note 3 – Supplemental Detail for Certain Components of Combined Balance Sheets (dollars in thousands):


A. Accounts receivable consist of the following at:	September 30, 2021		December 31, 2020
Straight-line rent receivables	$	6,876	$	7,043
Rent receivables	532		670
Property tax receivables	432		365
	$	7,840	$	8,078

B. Lease intangible assets, net, consist of the following at:	September 30, 2021		December 31, 2020
In-place leases	$	76,949	$	97,433
Accumulated amortization of in-place leases	(55,873)		(71,633)
Above-market leases	8,337		10,046
Accumulated amortization of above-market leases	(5,917)		(7,166)
	$	23,496	$	28,680

C. Other assets, net, consist of the following at:	September 30, 2021		December 31, 2020
Right of use asset - financing leases	$	5,573	$	5,573
Right of use asset - operating leases, net	2,043		2,057
Impounds and security deposits related to mortgages payable (restricted cash)	531		3,915
Prepaid expenses	610		252
	$	8,757	$	11,797

D. Lease intangible liabilities, net, consist of the following at:	September 30, 2021		December 31, 2020
Below-market leases	$	19,616	$	20,703
Accumulated amortization of below-market leases	(13,608)		(13,482)
	$	6,008	$	7,221