Annual report pursuant to Section 13 and 15(d)

ORION OFFICE REIT, CONSOLIDATED AND COMBINED STATEMENTS OF EQUITY

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ORION OFFICE REIT, CONSOLIDATED AND COMBINED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Total Stockholders’ and Parent Company Equity
Common Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Net Parent Investment
Non-Controlling Interest
Beginning balance (in shares) at Dec. 31, 2020     0          
Beginning balance at Dec. 31, 2020 $ 497,118 $ 497,118 $ 0 $ 0 $ 0 $ 0 $ 497,118 $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net (loss) income (47,464) (47,481)       (58,715) 11,234 17
Net (loss) income (47,464)              
Contributions from parent company, net 635,002 633,650         633,650 1,352
Issuance of common stock, net (in shares)     56,625,650          
Issuance of common stock, net 0 0 $ 57 1,141,945     (1,142,002)  
Grant of stock warrants 3,269 3,269   3,269        
Equity-based compensation, net 64 64   64        
Other comprehensive income (loss), net 299 299     299      
Ending balance (in shares) at Dec. 31, 2021     56,625,650          
Ending balance at Dec. 31, 2021 1,088,288 1,086,919 $ 57 1,145,278 299 (58,715) 0 1,369
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net (loss) income (97,474) (97,494)       (97,494)   20
Distributions (22,701) (22,701)       (22,701)    
Repurchases of common stock to settle tax obligations (in shares)     (2,177)          
Repurchases of common stock to settle tax obligations (20) (20)   (20)        
Equity-based compensation, net (in shares)     15,567          
Equity-based compensation, net 1,756 1,756   1,756        
Other comprehensive income (loss), net $ 6,009 6,009     6,009      
Ending balance (in shares) at Dec. 31, 2022 56,639,040   56,639,040          
Ending balance at Dec. 31, 2022 $ 975,858 974,469 $ 57 1,147,014 6,308 (178,910) 0 1,389
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net (loss) income (57,311) (57,302)       (57,302)   (9)
Distributions $ (22,593) (22,593)       (22,593)    
Repurchases of common stock under Share Repurchase Program (in shares) (900,000)   (915,637)          
Repurchases of common stock under Share Repurchase Program $ (5,018) (5,018) $ (1) (5,017)        
Repurchases of common stock to settle tax obligations (in shares)     (15,411)          
Repurchases of common stock to settle tax obligations (89) (89)   (89)        
Equity-based compensation, net (in shares)     75,556          
Equity-based compensation, net 2,728 2,728   2,728        
Other comprehensive income (loss), net $ (6,572) (6,572)     (6,572)      
Ending balance (in shares) at Dec. 31, 2023 55,783,548   55,783,548          
Ending balance at Dec. 31, 2023 $ 887,003 $ 885,623 $ 56 $ 1,144,636 $ (264) $ (258,805) $ 0 $ 1,380