---
schema_version: "secwatch.filing_event.v1"
accession: "0001873923-23-000095"
form_type: "8-K"
ticker: "ONL"
cik: "0001873923"
company_name: "Orion Properties Inc."
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T07:46:31.129281+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Orion Office REIT Q3 net loss $16.5M; Core FFO $0.43; raises 2023 guidance

## Summary
- Total revenues $49.1M vs $51.8M YoY; net loss $(0.29)/share vs $(0.94)/share.
- Core FFO $24.1M ($0.43/share) vs $25.6M ($0.45/share) in Q3 2022.
- Sold three properties for $15.4M; agreements to sell nine more for $46.6M.
- Quarterly dividend declared $0.10/share, payable Jan 16, 2024 to holders Dec 29, 2023.
- 2023 Core FFO guidance raised to $1.65-$1.68/share; Net Debt/Adj. EBITDA guided 4.0x-4.7x.

## SEC filing metadata
- accession: 0001873923-23-000095
- form_type: 8-K
- ticker: ONL
- cik: 0001873923
- company_name: Orion Properties Inc.
- filed_at: 2023-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1873923/000187392323000095/0001873923-23-000095-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1873923/000187392323000095/onl-20231109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001873923-23-000095
- JSON: https://secwatch.observer/filing/0001873923-23-000095.json
- Plain text: https://secwatch.observer/filing/0001873923-23-000095.txt

## Key facts
- Earnings Releases
  Orion Properties Inc. reported the third quarter ended September 30, 2023 results: revenue $49.1 million, net income $(16.5) million, or $(0.29) per share. Guidance raised.
  - Period: the third quarter ended September 30, 2023
  - Revenue: $49.1 million
  - Net income: $(16.5) million, or $(0.29) per share
  - Guidance: raised
  - Result: reported results
  source text: delivering on our plans to transform the portfolio over time to unlock value for shareholders.” Third Quarter 2023 Financial and Operating Highlights • Total Revenues of $49.1 million • Net Loss Attributable to Common Stockholders of $(16.5) million, or $(0.29) per share • Funds from Operations (“FFO”) of $22.3 million, or $0.39 per share • Core FFO of $24.1
  evidence_url: https://www.sec.gov/Archives/edgar/data/1873923/000187392323000095/0001873923-23-000095-index.htm

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