{"schema_version":"secwatch.filing_event.v1","accession":"0001873923-26-000037","form_type":"8-K","ticker":"ONL","cik":"0001873923","company_name":"Orion Properties Inc.","filed_at":"2026-03-05T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.639381+00:00","generated_at":"2026-05-15T19:54:46.666128+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Orion Properties reports FY 2025 net loss of $139.3M; Core FFO $0.78/shr; initiates strategic review","bullets":["FY 2025 total revenues $147.6M, down 10% YoY; net loss $(139.3M) vs $(103.0M) in 2024.","Core FFO $43.7M ($0.78/diluted share) vs $56.8M ($1.01) in 2024; Q4 Core FFO $10.6M ($0.19).","Portfolio occupancy 78.7%; completed 924K sqft leasing in 2025; sold 10 properties for $80.7M in 2025.","Declares $0.02/shr quarterly dividend; strategic review ongoing includes potential sale of company.","Arch Street JV in payment default; recorded $5.9M loan loss reserve, investment written down to zero."],"urls":{"canonical":"https://secwatch.observer/filing/0001873923-26-000037","json":"https://secwatch.observer/filing/0001873923-26-000037.json","markdown":"https://secwatch.observer/filing/0001873923-26-000037.md","text":"https://secwatch.observer/filing/0001873923-26-000037.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1873923/000187392326000037/0001873923-26-000037-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1873923/000187392326000037/onl-20260305.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T19:54:46.666128+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}