secwatch.observer — SEC 8-K summary
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Issuer:     Orion Properties Inc. (ONL)
CIK:        0001873923
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0001873923-24-000007
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Orion Office REIT Q4 net loss $0.29; Core FFO $0.33; FY2024 Core FFO guidance $0.93-$1.01
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- Q4 total revenues $43.8M (down 13% YoY); full year $195.0M (down 6% from $208.1M in 2022).
- Q4 net loss $(16.2)M or $(0.29)/share; full year net loss $(57.3)M or $(1.02)/share (vs $(1.72) in 2022).
- Q4 Core FFO $18.5M ($0.33/share) vs $24.9M ($0.44) in Q4 2022; full year Core FFO $94.8M ($1.68) vs $108.2M ($1.91).
- Sold six properties for $25.4M in 2023; seven additional under contract for $46.0M; portfolio occupancy 80.4% (87.2% adjusted).
- Declared Q1 2024 dividend of $0.10/share; 2024 Core FFO guidance $0.93-$1.01 vs $1.68 in 2023, implying ~40% decline.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1873923/000187392324000007/0001873923-24-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1873923/000187392324000007/onl-20240227.htm
  HTML page:      https://secwatch.observer/filing/0001873923-24-000007

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