---
schema_version: "secwatch.filing_event.v1"
accession: "0001873923-23-000077"
form_type: "8-K"
ticker: "ONL"
cik: "0001873923"
company_name: "Orion Properties Inc."
filed_at: "2023-08-09T23:59:59+00:00"
generated_at: "2026-06-11T23:33:07.241081+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Orion Office REIT Q2 net loss $15.7M, Core FFO $0.48; guides FY Core FFO $1.59-$1.63

## Summary
- Total revenue $52.0M, down ~1.5% YoY; net loss per share $(0.28) vs $(0.27) in Q2 2022.
- Core FFO $0.48 per share vs $0.50 in prior-year quarter; benefit of $0.02 from expense reimbursement timing.
- Credit facility amendment repaid $175M term loan, extended revolver maturity to May 2026 with extension option.
- Board declared Q3 dividend of $0.10/share payable Oct 16, 2023 to holders of record Sep 29, 2023.
- Portfolio occupancy 86.5%; WALT 3.9 years; 73.7% investment-grade tenants; dispositions of ~$50.7M in progress.

## SEC filing metadata
- accession: 0001873923-23-000077
- form_type: 8-K
- ticker: ONL
- cik: 0001873923
- company_name: Orion Properties Inc.
- filed_at: 2023-08-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1873923/000187392323000077/0001873923-23-000077-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1873923/000187392323000077/onl-20230809.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001873923-23-000077
- JSON: https://secwatch.observer/filing/0001873923-23-000077.json
- Plain text: https://secwatch.observer/filing/0001873923-23-000077.txt

## Key facts
- Earnings Releases
  Orion Properties Inc. reported the second quarter ended June 30, 2023 results: revenue $52.0 million, net income $(15.7) million, or $(0.28) per share. Guidance reaffirmed.
  - Period: the second quarter ended June 30, 2023
  - Revenue: $52.0 million
  - Net income: $(15.7) million, or $(0.28) per share
  - Guidance: reaffirmed
  - Result: reported results
  source text: During the quarter ended June 30, 2023, the Company generated total revenues of $52.0 million, as compared to $52.8 million in the same quarter of 2022. The Company reported a net loss attributable to common stockholders of $(15.7) million, or $(0.28) per share, during the second quarter of 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1873923/000187392323000077/0001873923-23-000077-index.htm

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