secwatch.observer — SEC 8-K summary
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Issuer:     Orion Properties Inc. (ONL)
CIK:        0001873923
Form:       8-K
Filed at:   2023-08-09T23:59:59+00:00
Accession:  0001873923-23-000077
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1873923/000187392323000077/0001873923-23-000077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1873923/000187392323000077/onl-20230809.htm
  HTML page:      https://secwatch.observer/filing/0001873923-23-000077

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