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Orion Office REIT (Orion Office REIT) Return-on-Tangible-Equity : -13.96% (As of Mar. 2024)


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What is Orion Office REIT Return-on-Tangible-Equity?

Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Orion Office REIT's annualized net income for the quarter that ended in Mar. 2024 was $-104.9 Mil. Orion Office REIT's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $751.8 Mil. Therefore, Orion Office REIT's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was -13.96%.

The historical rank and industry rank for Orion Office REIT's Return-on-Tangible-Equity or its related term are showing as below:

ONL' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -12.5   Med: -7.49   Max: 3.25
Current: -9.78

During the past 6 years, Orion Office REIT's highest Return-on-Tangible-Equity was 3.25%. The lowest was -12.50%. And the median was -7.49%.

ONL's Return-on-Tangible-Equity is ranked worse than
87.74% of 791 companies
in the REITs industry
Industry Median: 4.59 vs ONL: -9.78

Orion Office REIT Return-on-Tangible-Equity Historical Data

The historical data trend for Orion Office REIT's Return-on-Tangible-Equity 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.

* Premium members only.

Orion Office REIT Return-on-Tangible-Equity Chart

Orion Office REIT Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Equity
Get a 7-Day Free Trial 3.25 -0.40 -7.55 -12.50 -7.49

Orion Office REIT Quarterly Data
Dec18 Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -4.59 -8.12 -8.59 -8.49 -13.96

Competitive Comparison of Orion Office REIT's Return-on-Tangible-Equity

For the REIT - Office subindustry, Orion Office REIT's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Orion Office REIT's Return-on-Tangible-Equity Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Orion Office REIT's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Orion Office REIT's Return-on-Tangible-Equity falls into.



Orion Office REIT Return-on-Tangible-Equity Calculation

Orion Office REIT's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=-57.302/( (771.637+759.259 )/ 2 )
=-57.302/765.448
=-7.49 %

Orion Office REIT's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=-104.928/( (759.259+744.42)/ 2 )
=-104.928/751.8395
=-13.96 %

* 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.

In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Orion Office REIT  (NYSE:ONL) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.


Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.


Orion Office REIT Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Orion Office REIT's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Orion Office REIT (Orion Office REIT) Business Description

Traded in Other Exchanges
Address
2398 East Camelback Road, Suite 1060, Phoenix, AZ, USA, 85016
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