secwatch.observer — SEC 8-K summary
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Issuer:     Orion Properties Inc. (ONL)
CIK:        0001873923
Form:       8-K
Filed at:   2022-05-04T23:59:59+00:00
Accession:  0001873923-22-000037
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Orion Office REIT Q1 2022: Core FFO $0.49/shr, revenue $53.2M, net loss $9.9M
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- Total revenue $53.2M; net loss $(9.9)M or $(0.17) EPS; Core FFO $28.0M or $0.49/shr.
- Portfolio occupancy 88.3%, WALT 4.1 years, 67% of ABR from investment-grade tenants.
- Leased 178K sq ft (extensions/expansions) in TX and GA; agreed to sell three properties for $13M.
- Board declared Q2 dividend $0.10/shr, payable July 15, 2022, to holders of record June 30.
- FY2022 guidance: Core FFO $1.66-$1.74/shr; G&A $17-18M; Net debt/Adj. EBITDA 4.7x-5.5x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1873923/000187392322000037/0001873923-22-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1873923/000187392322000037/onl-20220504.htm
  HTML page:      https://secwatch.observer/filing/0001873923-22-000037

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