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Orion Office REIT Inc. (ONL) Q2 2023 Earnings Call Transcript

Orion Office REIT Inc. (NYSE:ONL) Q2 2023 Results Conference Call August 10, 2023 10:00 AM ET

Company Participants

Paul Hughes – General Counsel

Paul McDowell – Chief Executive Officer

Gavin Brandon – Chief Financial Officer

Gary Landriau – Chief Investment Officer

Chris Day – Chief Operating Officer

Operator

Greetings. Welcome to Orion Office REIT’s Second Quarter 2023 Earnings Call. As a reminder, this conference is being recorded.

I would now like to turn the call over to, Paul Hughes, General Counsel for Orion. Thank you, Mr. Hughes. You may begin.

Paul Hughes

Thank you. Good morning, everyone. Yesterday, Orion released its financial results for the quarter ended June 30, 2023, filed its Form 10-Q with the Securities and Exchange Commission and posted its earnings supplement to its Web site. These documents are available in the Investor Section of the company’s Web site at onlreit.com. I would like to remind everyone that certain statements [Technical Difficulty]. These statements, which include the company’s guidance estimates for calendar year 2023 are based on management’s current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from our estimates. The risks and uncertainties are discussed in our earnings release as well as in our Form 10-Q and other SEC filings. You should not place undue reliance on these forward-looking statements, and the company undertakes no duty to update any forward-looking statements made during this call. Additionally, during the conference call today, we will be discussing certain non-GAAP financial measures, such as funds from operations or FFO and core funds from operations or core FFO. Company’s earnings release and supplement include a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP measure. Our presentation of this information is not intended to be considered in isolation or as a substitute for the financial information presented in accordance with GAAP. Hosting the call today

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