Orion Office REIT, Inc. (NYSE:ONL) Q4 2022 Earnings Conference Call March 9, 2023 10:00 AM ET

Company Participants

Paul Hughes - General Counsel and Secretary

Paul McDowell - Chief Executive Officer, President

Gavin Brandon - Chief Financial Officer, Executive Vice President and Treasurer

Conference Call Participants

Mitch Germain - JMP Securities

Gaurav Mehta - EF Hutton

Operator

Greetings. And welcome to Orion Office REIT's Fourth Quarter and Full Year 2022 Earnings Call. This conference is being recorded.

I would now like to turn your call over to your host, Paul Hughes, General Counsel for Orion. Please go ahead, Paul.

Paul Hughes

Thank you, operator. Good morning, everyone. Yesterday, Orion released its financial results for the quarter and year ended December 31, 2022, filed its Form 10-K with the Securities and Exchange Commission and posted its earnings supplement to its website. These documents are available in the Investors section of the company's website at www.onlreit.com.

Forward-looking statements made during today's call such as the company's guidance for calendar year 2022 are subject to a number of risks and uncertainties that could cause actual results to differ materially from our expectations. These risks and uncertainties are discussed in our earnings release as well as in our Form 10-K and other SEC filings. The company undertakes no duty to update any forward-looking statements that may be made during today's call.

Additionally, during the conference 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. The company's earnings release and supplement include a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP measures. As discussed in the company’s earnings release and Form 10-K, we will be revising our definition of core FFO beginning in 2023 to exclude certain non-cash amortization charges which do not reflect the ongoing performance of our business.

Hosting the call today are Paul McDowell, the company's Chief Executive Officer; Gavin Brandon, the company's Chief Financial Officer. And joining us for the Q&A session are Gary Landriau, our Chief Investment Officer; and Chris Day, our Chief Operating Officer.

With that, I am now going to turn the call over to Paul McDowell. Paul?

Paul McDowell

Thank you, Paul. Good morning, everyone. And welcome to Orion Office REIT’s earnings call. On behalf of our team, I want to thank you all for joining us. On the call today, I will discuss our performance in the fourth quarter and full year 2022, touch on our first full year of operations and highlight the ongoing progress we're making on Orion's portfolio. I will then turn the call over to Gavin to provide an update on our financial results and guidance.