Orion Office REIT (Orion Office REIT) Interest Expense : $-30.7 Mil (TTM As of Mar. 2024)

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What is Orion Office REIT Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Orion Office REIT's interest expense for the three months ended in Mar. 2024 was $ -8.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-30.7 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Orion Office REIT's Operating Income for the three months ended in Mar. 2024 was $ 1.7 Mil. Orion Office REIT's Interest Expense for the three months ended in Mar. 2024 was $ -8.1 Mil. Orion Office REIT's Interest Coverage for the quarter that ended in Mar. 2024 was 0.21. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Orion Office REIT Interest Expense Historical Data

The historical data trend for Orion Office REIT's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Orion Office REIT Interest Expense Chart

Orion Office REIT Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-3.32

-2.93

-4.27

-30.17

-29.67

Orion Office REIT Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial													-7.14	-7.22	-7.38	-7.93	-8.15

Orion Office REIT Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-30.7 Mil.

Orion Office REIT (NYSE:ONL) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Orion Office REIT's Interest Expense for the three months ended in Mar. 2024 was $-8.1 Mil. Its Operating Income for the three months ended in Mar. 2024 was $1.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $359.8 Mil.

Orion Office REIT's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	1.745	/	-8.146
	=	0.21

The higher the ratio, the stronger the company's financial strength is.

Orion Office REIT (Orion Office REIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Orion Office REIT Inc (NYSE:ONL) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

OY9:Germany

Address

2398 East Camelback Road, Suite 1060, Phoenix, AZ, USA, 85016

Website

https://www.onlreit.com

Orion Office REIT Inc is a internally-managed REIT engaged in the ownership, acquisition, and management of a diversified portfolio of mission-critical and headquarters office buildings located in high quality suburban markets across the U.S. and leased on a single-tenant net lease basis to creditworthy clients. The Company operates in one business segment: direct ownership and operation of commercial real estate.

Executives

Christopher Haviland Day	officer: SEE REMARKS	C/O REALTY INCOME CORPORATION, 11995 EL CAMINO REAL, SAN DIEGO CA 92130
Revea Lynn Schmidt	officer: See Remarks.	C/O ORION OFFICE REIT, INC., 2325 E. CAMELBACK ROAD, SUITE 850, PHOENIX AZ 58016
Paul C Hughes	officer: General Counsel & Secretary	C/O HOSPITALITY INVESTORS TRUST, INC., 3950 UNIVERSITY DRIVE, FAIRFAX VA 22030
Richard J Lieb	director	C/O GREENHILL & CO., INC.,, 300 PARK AVENUE, NEW YORK NY 10022
Reginald Harold Gilyard	director	1 FIRST AMERICAN WAY, SANTA ANA CA 92707
Kathleen Allen	director
Gavin Brandon	officer: SEE REMARKS	2325 E CAMELBACK RD, 9TH FLOOR, PHOENIX AZ 85016
Paul H Mcdowell	director, officer: SEE REMARKS	110 MAIDEN LANE, NEW YORK NY 10005
Gregory J. Whyte	director	C/O TIER REIT, INC., 5950 SHERRY LANE, SUITE 700, DALLAS TX 75225
Gary E Landriau	officer: SEE REMARKS	C/O REALTY INCOME CORPORATION, 11995 EL CAMINO REAL, SAN DIEGO CA 92130
Christie B. Kelly	director, officer: EVP, CFO & TREASURER	600 E. 96TH ST., #100, INDIANAPOLIS IN 46240
Sumit Roy	director, officer: PRESIDENT AND CEO	600 LA TERRAZA BOULEVARD, ESCONDIDO CA 92025
Michelle Bushore	director, officer: EVP, CLO & SECRETARY	11995 EL CAMINO REAL, SAN DIEGO CA 92130
Realty Income Corp	10 percent owner	11995 EL CAMINO REAL, SAN DIEGO CA 92130