** Shares of Orion Office REIT ONL.N down 30.4% at $2.68
** The real estate investment trust has reduced first-quarter dividend to $0.02 per share to save $17.9 mln annually, a decrease of 80% from $0.10 per share declared in Q4 2024
** Co expects core FY25 funds from operations (FFO), a key financial metric used by REITs, in the range of $0.61 to $0.70, lower than FY24 FFO of $1.01 per diluted share
** Co reports Q4 revenue of $38.4 mln, compared with $43.8 mln in the same quarter of 2023
** Co also announced a change in its corporate name to Orion Properties Inc from Orion Office REIT on March 5, to reflect its new investment strategy, ticker symbol 'ONL' to remain same
** ONL hits its lowest of all time on Thursday; stocks lost more than 35% on 2024
(Reporting by Sanchayaita Roy in Bengaluru)
((sanchayaita.roy@thomsonreuters.com))
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