Orion Office REIT Inc. (NYSE:ONL) Q4 2023 Earnings Conference Call February 28, 2024 10:00 AM ET

Company Participants

Paul Hughes – General Counsel

Paul McDowell – Chief Executive Officer

Gavin Brandon – Chief Financial Officer

Conference Call Participants

Operator

Greetings. Welcome to Orion Office REIT’s Fourth 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. You may now begin.

Paul Hughes

Thank you. Good morning, everyone. Yesterday, Orion released its financial results for the quarter and year-ended December 31, 2023, 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 onlreit.com.

Certain statements made during this call are not strictly historical information and constitute forward-looking statements. These statements, which include the company’s guidance estimates for calendar year 2024 are based on management’s current expectations and are subject to a number of risks that could cause actual results to differ materially from our estimates. The risks 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 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. The 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 a substitute for the financial information presented in accordance with GAAP.

Hosting the call today are Paul McDowell, the company’s Chief Executive Officer; and 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 McDowell

Good morning, everyone, and thank you for joining us on Orion Office REIT’s fourth quarter 2023 earnings call. Today, I will discuss our portfolio, performance, and operations for the fourth quarter and full year 2023, as well as our progress on executing our business strategy and our general forward outlook. Following my remarks, Gavin will review our financial results and provide our 2024 outlook.