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

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Cover
Financial Statements
Notes to Financial Statements
Accounting Policies
- Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Real Estate Investments and Related Intangibles - Schedule of Finite-Lived Intangible Assets and Liabilities (Details)

v3.24.1.u1

Real Estate Investments and Related Intangibles - Schedule of Finite-Lived Intangible Assets and Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Real Estate [Line Items]
Intangible lease assets, net	$ 110,145		$ 126,364
Below market-leases accumulated amortization	$ 23,026		23,176
Weighted-Average Useful Life (Years)	11 years 10 months 24 days
Below-market lease liabilities, net	$ 6,753		8,074
Amortization of deferred leases	100	$ 100
In-place leases:
Real Estate [Line Items]
Accumulated amortization	$ 186,666		193,470
Weighted-Average Useful Life (Years)	6 years 9 months 18 days
Intangible lease assets, net	$ 88,375		103,997
Leasing commissions:
Real Estate [Line Items]
Accumulated amortization	$ 3,451		3,033
Weighted-Average Useful Life (Years)	12 years 4 months 24 days
Intangible lease assets, net	$ 13,772		13,539
Above-market lease assets:
Real Estate [Line Items]
Accumulated amortization	$ 11,111		10,372
Weighted-Average Useful Life (Years)	7 years 4 months 24 days
Intangible lease assets, net	$ 4,221		5,006
Deferred lease incentives:
Real Estate [Line Items]
Accumulated amortization	$ 541		419
Weighted-Average Useful Life (Years)	10 years 6 months
Intangible lease assets, net	$ 3,777		$ 3,822
Above‑ and below-market leases
Real Estate [Line Items]
Lease intangible amortization	500	200
In-place leases, leasing commissions and other lease intangibles
Real Estate [Line Items]
Lease intangible amortization	$ 16,000	$ 19,700

- Definition

Below Market Lease, Weighted Average Useful Life

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Amount of amortization of lease incentive costs incurred by the lessor for the benefit of the lessee.

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Amount after amortization of leases acquired as part of a real property acquisition at below market lease rate with a finite life.

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Useful life of finite-lived intangible assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.

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Accumulated amount of amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.

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Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.

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