secwatch.observer — SEC 8-K summary
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Issuer:     Orion Properties Inc. (ONL)
CIK:        0001873923
Form:       8-K
Filed at:   2023-03-08T23:59:59+00:00
Accession:  0001873923-23-000008
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1873923/000187392323000008/0001873923-23-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1873923/000187392323000008/onl-20230308.htm
  HTML page:      https://secwatch.observer/filing/0001873923-23-000008

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