secwatch.observer — SEC 8-K summary
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Issuer:     Orion Properties Inc. (ONL)
CIK:        0001873923
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001873923-23-000047
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1873923/000187392323000047/0001873923-23-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1873923/000187392323000047/onl-20230509.htm
  HTML page:      https://secwatch.observer/filing/0001873923-23-000047

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