---
schema_version: "secwatch.filing_event.v1"
accession: "0001873923-23-000008"
form_type: "8-K"
ticker: "ONL"
cik: "0001873923"
company_name: "Orion Properties Inc."
filed_at: "2023-03-08T23:59:59+00:00"
generated_at: "2026-06-18T08:55:14.713834+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Orion Office REIT reports FY 2022 net loss of $97.5M; Core FFO $1.80/share, above guidance

## Summary
- Full year 2022 revenues $208.1M; net loss $(97.5)M ($(1.72)/share); Core FFO $101.8M ($1.80/share), exceeding guidance by $0.02.
- Q4 2022 revenues $50.3M; net loss $(19.0)M ($(0.33)/share); Core FFO $23.2M ($0.41/share).
- Portfolio occupancy 89.0% with 73.3% from investment-grade tenants; WALT 4.1 years; sold 11 properties for $33.1M.
- Declared Q1 2023 dividend of $0.10/share, payable April 17, 2023 to holders of record March 31.
- FY 2023 Core FFO guidance $1.55-$1.63 per share; G&A $18.75-$19.75M; Net Debt/Adj. EBITDA 4.3x-5.3x.

## SEC filing metadata
- accession: 0001873923-23-000008
- form_type: 8-K
- ticker: ONL
- cik: 0001873923
- company_name: Orion Properties Inc.
- filed_at: 2023-03-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1873923/000187392323000008/0001873923-23-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1873923/000187392323000008/onl-20230308.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001873923-23-000008
- JSON: https://secwatch.observer/filing/0001873923-23-000008.json
- Plain text: https://secwatch.observer/filing/0001873923-23-000008.txt

## Key facts
- Earnings Releases
  Orion Properties Inc. reported financial results for the fourth quarter and full year ended December 31, 2022.
  - Period: the fourth quarter and full year ended December 31, 2022
  - Result: reported results
  source text: On March 8, 2023, Orion Office REIT Inc. furnished the following documents: (i) a press release relating to its fourth quarter and full year 2022 financial results and related matters, attached hereto as Exhibit 99.1; and (ii) supplemental information for the quarter and year ended December 31, 2022, attached hereto as Exhibit 99.2.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1873923/000187392323000008/0001873923-23-000008-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.