Annual report pursuant to Section 13 and 15(d)

ORION OFFICE REIT, CONSOLIDATED AND COMBINED STATEMENTS OF OPERATIONS

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ORION OFFICE REIT, CONSOLIDATED AND COMBINED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Total revenues $ 208,118 $ 79,731 $ 53,474
Operating expenses:      
Property operating 61,519 13,411 5,770
General and administrative 15,908 3,832 2,051
Depreciation and amortization 131,367 43,922 25,950
Impairments 66,359 49,859 18,671
Transaction related 675 0 0
Spin related 964 7,909 0
Total operating expenses 276,792 118,933 52,442
Other (expenses) income:      
Interest expense, net (30,171) (4,267) (2,931)
Gain on disposition of real estate assets 2,352 0 0
Loss on extinguishment of debt, net (468) (3,782) 0
Other income, net 223 0 0
Equity in loss of unconsolidated joint venture, net (524) (56) 0
Total other (expenses) income, net (28,588) (8,105) (2,931)
Loss before taxes (97,262) (47,307) (1,899)
Provision for income taxes (212) (157) 0
Net loss (97,474) (47,464) (1,899)
Net income attributable to non-controlling interest (20) (17) 0
Net loss attributable to common stockholders $ (97,494) $ (47,481) $ (1,899)
Weighted-average shares outstanding - basic (in shares) 56,631,826 56,625,650 56,625,650
Weighted-average shares outstanding - diluted (in shares) 56,631,826 56,625,650 56,625,650
Basic loss per share attributable to common stockholders (in dollars per share) $ (1.72) $ (0.84) $ (0.03)
Diluted loss per share attributable to common stockholders (in dollars per share) $ (1.72) $ (0.84) $ (0.03)
Rental      
Total revenues $ 207,353 $ 79,460 $ 53,474
Fee income from unconsolidated joint venture      
Total revenues $ 765 $ 271 $ 0