{"schema_version":"secwatch.filing_event.v1","accession":"0001873923-24-000060","form_type":"8-K","ticker":"ONL","cik":"0001873923","company_name":"Orion Properties Inc.","filed_at":"2024-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.043785+00:00","generated_at":"2026-06-02T13:39:29.351543+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Orion Office REIT Q1 net loss $(0.47)/sh; Core FFO $0.36; reaffirms 2024 outlook","bullets":["Total revenues $47.2M, down from $50.2M YoY; net loss $(26.2)M vs $(8.9)M prior year.","Core FFO $20.4M ($0.36/sh) vs $25.3M ($0.45/sh) in Q1 2023; includes $0.07/sh non-recurring items.","Completed 108K sq ft leasing in Q1; subsequent to quarter-end signed 414K sq ft renewal with U.S. Government.","Agreements to sell 790K sq ft for $48.1M; occupancy rate 75.8% (83.2% excluding pending sales).","Declared Q2 dividend $0.10/sh; reaffirmed 2024 Core FFO guidance $0.93-$1.01/sh."],"urls":{"canonical":"https://secwatch.observer/filing/0001873923-24-000060","json":"https://secwatch.observer/filing/0001873923-24-000060.json","markdown":"https://secwatch.observer/filing/0001873923-24-000060.md","text":"https://secwatch.observer/filing/0001873923-24-000060.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1873923/000187392324000060/0001873923-24-000060-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1873923/000187392324000060/onl-20240508.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T13:39:29.351543+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"be35d0b9fcb2683c876d16f59b4a92e7924002f8","claim":"Orion Properties Inc. reported the first quarter ended March 31, 2024 results: revenue $47.2 million, net income $(26.2) million, EPS $(0.47) per share. Guidance reaffirmed.","evidence_excerpt":"quarter to exercise our option to extend the maturity out 18 months from November 2024 to May 2026.” First Quarter 2024 Financial and Operating Highlights • Total revenues of $47.2 million • Net loss attributable to common stockholders of $(26.2) million, or $(0.47) per share • Funds from Operations (“FFO”) of $18.4 million, or $0.33 per share • Core FFO of $20.4","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1873923/000187392324000060/0001873923-24-000060-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2024"},{"label":"Revenue","value":"$47.2 million"},{"label":"Net income","value":"$(26.2) million"},{"label":"EPS","value":"$(0.47) per share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}