Orion Office REIT Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Orion Office REIT, Net Income (Loss) Per Share

Orion Office REIT, Net Income (Loss) Per Share

12 Months Ended

Dec. 31, 2023

Note 14 - Net Income (Loss) Per Share

The computation of basic and diluted earnings per share is as follows for the years ended December 31, 2023, 2022 and 2021 (in thousands, except share and per share data):


	Year Ended December 31,
	2023		2022		2021
Net loss	$	(57,311)	$	(97,474)	$	(47,464)
Income attributable to non-controlling interest	9		(20)		(17)
Net loss available to common stockholders used in basic and diluted net income per share	(57,302)		(97,494)		(47,481)






Weighted average shares of common stock outstanding - basic	56,409,734		56,631,826		56,625,650
Effect of dilutive securities (1)	—		—		—
Weighted average shares of common stock - diluted	56,409,734		56,631,826		56,625,650



Basic and diluted net loss per share attributable to common stockholders	$	(1.02)	$	(1.72)	$	(0.84)

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(1)There were no adjustments to the weighted average common shares outstanding used in the diluted calculation given there were no potentially dilutive shares for the years ended December 31, 2023, 2022 and 2021.

The following were excluded from diluted net loss per share attributable to common stockholders, as the effect would have been antidilutive:


	Year Ended December 31,
	2023	2022	2021

Weighted average stock warrants	1,120,000	1,120,000	1,120,000