---
schema_version: "secwatch.filing_event.v1"
accession: "0001873923-23-000047"
form_type: "8-K"
ticker: "ONL"
cik: "0001873923"
company_name: "Orion Properties Inc."
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T10:23:48.739770+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Orion Office REIT Q1 revenue $50.2M, net loss $8.9M; Core FFO $0.45; reaffirms guidance

## Summary
- Total revenues $50.2M; net loss attributable to common stockholders $(8.9)M ($0.16 per share).
- Core FFO $25.3M ($0.45 per share); FFO $23.5M ($0.41 per share).
- Q2 dividend declared $0.10/share payable July 17, 2023, record June 30, 2023.
- Portfolio occupancy 87.5%; 73.6% of ABR from investment-grade tenants; WALT 4.0 years.
- Agreements to sell eight properties (631k sq ft) for $41M, including Walgreens campus in Deerfield, IL.

## SEC filing metadata
- accession: 0001873923-23-000047
- form_type: 8-K
- ticker: ONL
- cik: 0001873923
- company_name: Orion Properties Inc.
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1873923/000187392323000047/0001873923-23-000047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1873923/000187392323000047/onl-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001873923-23-000047
- JSON: https://secwatch.observer/filing/0001873923-23-000047.json
- Plain text: https://secwatch.observer/filing/0001873923-23-000047.txt

## Key facts
- Earnings Releases
  Orion Properties Inc. reported the first quarter ended March 31, 2023 results: revenue $50.2 million, net income $(8.9) million, EPS $(0.16) per share. Guidance reaffirmed.
  - Period: the first quarter ended March 31, 2023
  - Revenue: $50.2 million
  - Net income: $(8.9) million
  - EPS: $(0.16) per share
  - Guidance: reaffirmed
  - Result: reported results
  source text: Orion Office REIT Inc. Announces First Quarter 2023 Results - Total Revenues of $50.2 million - - Net Loss Attributable to Common Stockholders of $(8.9) million, or $(0.16) Per Share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1873923/000187392323000047/0001873923-23-000047-index.htm

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