---
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"
generated_at: "2026-05-15T19:54:46.666128+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Orion Properties reports FY 2025 net loss of $139.3M; Core FFO $0.78/shr; initiates strategic review

## Summary
- 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.

## SEC filing metadata
- 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
- 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/1873923/000187392326000037/0001873923-26-000037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1873923/000187392326000037/onl-20260305.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001873923-26-000037
- JSON: https://secwatch.observer/filing/0001873923-26-000037.json
- Plain text: https://secwatch.observer/filing/0001873923-26-000037.txt

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