---
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"
generated_at: "2026-06-02T13:39:29.351543+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Orion Office REIT Q1 net loss $(0.47)/sh; Core FFO $0.36; reaffirms 2024 outlook

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001873923-24-000060
- JSON: https://secwatch.observer/filing/0001873923-24-000060.json
- Plain text: https://secwatch.observer/filing/0001873923-24-000060.txt

## Key facts
- Earnings Releases
  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.
  - Period: the first quarter ended March 31, 2024
  - Revenue: $47.2 million
  - Net income: $(26.2) million
  - EPS: $(0.47) per share
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1873923/000187392324000060/0001873923-24-000060-index.htm

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