secwatch.observer — SEC 8-K summary
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Issuer:     Orion Properties Inc. (ONL)
CIK:        0001873923
Form:       8-K
Filed at:   2025-04-11T23:59:59+00:00
Accession:  0001873923-25-000076
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1873923/000187392325000076/0001873923-25-000076-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1873923/000187392325000076/onl-20250410.htm
  HTML page:      https://secwatch.observer/filing/0001873923-25-000076

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