---
schema_version: "secwatch.filing_event.v1"
accession: "0001873923-25-000031"
form_type: "8-K"
ticker: "ONL"
cik: "0001873923"
company_name: "Orion Properties Inc."
filed_at: "2025-03-05T23:59:59+00:00"
generated_at: "2026-05-25T11:28:43.600289+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001873923-25-000031
- form_type: 8-K
- ticker: ONL
- cik: 0001873923
- company_name: Orion Properties Inc.
- filed_at: 2025-03-05T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1873923/000187392325000031/0001873923-25-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1873923/000187392325000031/onl-20250305.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001873923-25-000031
- JSON: https://secwatch.observer/filing/0001873923-25-000031.json
- Plain text: https://secwatch.observer/filing/0001873923-25-000031.txt

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