secwatch.observer — SEC 8-K summary
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Issuer:     Orion Properties Inc. (ONL)
CIK:        0001873923
Form:       8-K
Filed at:   2022-03-24T23:59:59+00:00
Accession:  0001873923-22-000014
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Orion Office REIT reports Q4 net loss of $54.9M, Core FFO $0.47 per share, provides FY2022 guidance
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- Net loss attributable to common stockholders $(54.9)M ($(0.97)/share); Core FFO $26.8M ($0.47/share)
- Portfolio occupancy 91.9%; WALT 4.1 years; 67.7% investment grade tenants
- Signed 11-year lease extension with Merrill Lynch in Hopewell, NJ (482k sq ft)
- Refinanced bridge loan with $355M 5-year fixed-rate CMBS at 4.971%
- FY2022 Core FFO guidance $1.66-$1.74 per share; dividend $0.10 per share

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1873923/000187392322000014/0001873923-22-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1873923/000187392322000014/onl-20220324.htm
  HTML page:      https://secwatch.observer/filing/0001873923-22-000014

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer