secwatch.observer — SEC 8-K summary
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Issuer:     Orion Properties Inc. (ONL)
CIK:        0001873923
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001873923-24-000083
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Orion Office REIT Q2 net loss widens to $33.8M; Core FFO per share falls to $0.25
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- Total revenues of $40.1M (down 23% YoY); net loss attributable to common stockholders $(33.8)M.
- Core FFO of $14.2M ($0.25/share) vs $26.9M ($0.48/share) in Q2 2023.
- Leased 470k sq ft in Q2, plus 55k sq ft post-quarter; YTD leasing of 633k sq ft, double full-year 2023.
- Sold one vacant property for $2.1M; 18 non-core properties sold since spin-off (1.9M sq ft).
- Declared $0.10/share Q3 dividend; narrowed 2024 Core FFO guidance to $0.97–$1.01 per share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1873923/000187392324000083/0001873923-24-000083-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1873923/000187392324000083/onl-20240808.htm
  HTML page:      https://secwatch.observer/filing/0001873923-24-000083

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