---
schema_version: "secwatch.filing_event.v1"
accession: "0001873923-25-000081"
form_type: "8-K"
ticker: "ONL"
cik: "0001873923"
company_name: "Orion Properties Inc."
filed_at: "2025-05-07T23:59:59+00:00"
generated_at: "2026-05-22T09:16:12.129022+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Orion Properties Q1 revenues down 19% to $38M; Core FFO $0.19/share vs $0.36 YoY

## Summary
- Total revenues $38.0M, down from $47.2M in Q1 2024.
- Net loss attributable to common stockholders $(9.4)M ($0.17/share) vs $(26.2)M loss year ago.
- Core FFO $10.7M ($0.19/diluted share) vs $20.4M ($0.36/diluted) in Q1 2024.
- Leased 380k sq ft in Q1; post-quarter sold 3 vacant properties for $19.1M and leased additional 73k sq ft.
- Reaffirms 2025 Core FFO guidance $0.61-$0.70/share; declares $0.02/share Q2 dividend.

## SEC filing metadata
- accession: 0001873923-25-000081
- form_type: 8-K
- ticker: ONL
- cik: 0001873923
- company_name: Orion Properties Inc.
- filed_at: 2025-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1873923/000187392325000081/0001873923-25-000081-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1873923/000187392325000081/onl-20250507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001873923-25-000081
- JSON: https://secwatch.observer/filing/0001873923-25-000081.json
- Plain text: https://secwatch.observer/filing/0001873923-25-000081.txt

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