secwatch.observer — SEC 8-K summary
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Issuer:     Orion Properties Inc. (ONL)
CIK:        0001873923
Form:       8-K
Filed at:   2022-08-03T23:59:59+00:00
Accession:  0001873923-22-000059
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Orion Office REIT Q2 2022: Net loss $15.6M, Core FFO $26.8M; updates 2022 guidance
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- Total revenue $52.8M; net loss $(15.6)M ($0.27/sh); Core FFO $26.8M ($0.47/sh).
- Portfolio occupancy 86.7%; 67.3% of rent from investment-grade tenants; WALT 4.1 years.
- Leased 206k sq ft via extensions (Lincoln, NE and Waukegan, IL); 344k sq ft renewed YTD.
- Sold two properties for $9.2M; agreements for six more at $18.9M aggregate price.
- Declared Q3 dividend $0.10/sh; 2022 Core FFO guidance $1.74-$1.78/sh.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1873923/000187392322000059/0001873923-22-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1873923/000187392322000059/onl-20220803.htm
  HTML page:      https://secwatch.observer/filing/0001873923-22-000059

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