Orion Properties reports 425k sq ft leased YTD, sells three vacant properties for $19.1M

Orion Properties Inc.

Leased 425,000 sq ft YTD (new/renewal); weighted avg lease term 7.7 yrs. Includes 15.7-yr lease at Parsippany, NJ and 10-yr lease with Ingram Micro in Buffalo, NY.
Closed sale of three vacant properties for $19.1M ($66/sq ft). Two additional properties under contract for $27.3M ($129/sq ft), closing later in 2025.
Liquidity of ~$243.9M as of April 10, 2025, comprised of cash and revolver availability.
Q1 2025 earnings release after market close May 7; webcast May 8 at 10:00 a.m. ET.

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