Orion Office REIT posts Q4 net loss $32.8M, cuts dividend, rebrands as Orion Properties

Orion Properties Inc.

Q4 rev $38.4M (-12% YoY); net loss $(32.8)M vs $(16.2)M loss; Core FFO $0.18 vs $0.33.
Full year 2024 revenue $164.9M (-15% YoY); net loss $(103.0)M; Core FFO $1.01 vs $1.68 in 2023.
Board declares Q1 2025 dividend of $0.02/share ($0.08 annualized), cutting payout to retain ~$17.9M cash annually.
Name changed to Orion Properties Inc.; strategy shift to dedicated use assets (flex/lab); ticker ONL unchanged.
CIO Gary Landriau to retire June 30, 2025; consulting through Jan 2026; expected ~$1M annual G&A savings.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.