Orion Office REIT Inc. (ONL) Q1 2025 Earnings Call Transcript

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Orion Office REIT Inc. (NYSE:ONL) Q1 2025 Earnings Conference Call May 8, 2025 10:00 AM ET

Company Participants

Paul Hughes - General Counsel
Paul McDowell - CEO
Gavin Brandon - CFO
Gary Landriau - CIO

Conference Call Participants

Mitch Germain - Citizens Capital Markets

Operator

Greetings. Welcome to Orion Properties' First Quarter 2025 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 begin.

Paul Hughes

Thank you and good morning everyone. Yesterday, Orion released its results for the quarter ended March 31, 2025, filed its Form 10-Q with the Securities and Exchange Commission, and posted its earnings supplement to its website at onlreit.com.

During the call today, we will be discussing Orion's guidance estimates for calendar year 2025 and other forward-looking statements. which are based on management's current expectations and are subject to certain 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-Q and other SEC filings, and Orion undertakes no duty to update any forward-looking statements made during this call.

Today, on the call, we will be discussing funds from operations, or FFO, and core funds from operations or core FFO and other non-GAAP financial measures. These non-GAAP financial measures are not a substitute for financial information presented in accordance with GAAP, and Orion's earnings release and supplement include a reconciliation of our non-GAAP financial measures to the most directly comparable GAAP measure.

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

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