Annual report pursuant to Section 13 and 15(d)

ORION OFFICE REIT, CONSOLIDATED BALANCE SHEETS

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ORION OFFICE REIT, CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Real estate investments, at cost:    
Land $ 238,225 $ 250,194
Buildings, fixtures and improvements 1,128,400 1,231,551
Total real estate investments, at cost 1,366,625 1,481,745
Less: accumulated depreciation 133,379 128,109
Total real estate investments, net 1,233,246 1,353,636
Accounts receivable, net 21,641 17,916
Intangible lease assets, net 202,832 298,107
Cash and cash equivalents 20,638 29,318
Real estate assets held for sale, net 2,502 0
Other assets, net 90,214 60,501
Total assets 1,571,073 1,759,478
LIABILITIES AND EQUITY    
Bridge facility, net 0 354,357
Mortgages payable, net 352,167 0
Accounts payable and accrued expenses 26,161 17,379
Below-market lease liabilities, net 14,068 20,609
Distributions payable 5,664 0
Other liabilities, net 23,340 16,355
Total liabilities 595,215 671,190
Common stock, $0.001 par value, 100,000,000 shares authorized 56,639,040 and 56,625,650 shares issued and outstanding as of each of December 31, 2022 and December 31, 2021, respectively 57 57
Additional paid-in capital 1,147,014 1,145,278
Accumulated other comprehensive income 6,308 299
Accumulated deficit (178,910) (58,715)
Total stockholders’ equity 974,469 1,086,919
Non-controlling interest 1,389 1,369
Total equity 975,858 1,088,288
Total liabilities and equity 1,571,073 1,759,478
Credit facility term loan, net    
LIABILITIES AND EQUITY    
Credit facilities 173,815 172,490
Credit facility revolver    
LIABILITIES AND EQUITY    
Credit facilities $ 0 $ 90,000