---
schema_version: "secwatch.filing_event.v1"
accession: "0001873923-26-000081"
form_type: "8-K"
ticker: "ONL"
cik: "0001873923"
company_name: "Orion Properties Inc."
filed_at: "2026-05-07T23:59:59+00:00"
generated_at: "2026-05-14T22:02:33.921295+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Orion Properties Q1 net loss $(13.6)M, Core FFO $0.21/shr, reaffirms FY26 guidance

## Summary
- Total revenues $36.3M (down from $38.0M YoY); net loss $(13.6)M vs $(9.4)M prior year.
- Core FFO $11.7M ($0.21/diluted) vs $10.7M ($0.19) YoY; FFO $5.8M ($0.10).
- Leased 355k sq ft in Q1; portfolio occupancy 83.1%, weighted avg lease term 5.9 years.
- Sold two properties for $13.1M in Q1; post-Q1 sold Deerfield/Glen Burnie for $35.6M; acquired Northbrook, IL for $15M.
- Quarterly dividend $0.02/shr payable July 15; reaffirms FY26 Core FFO guidance $0.69-$0.76/shr.

## SEC filing metadata
- accession: 0001873923-26-000081
- form_type: 8-K
- ticker: ONL
- cik: 0001873923
- company_name: Orion Properties Inc.
- filed_at: 2026-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1873923/000187392326000081/0001873923-26-000081-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1873923/000187392326000081/onl-20260507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001873923-26-000081
- JSON: https://secwatch.observer/filing/0001873923-26-000081.json
- Plain text: https://secwatch.observer/filing/0001873923-26-000081.txt

## Source-grounded claims
- claim_id: 4ab0f2283baf6169bbaf57856ebf6b6df79359fe
  claim: Orion Properties Inc. reported the first quarter ended March 31, 2026 results: revenue $36.3 million, net income $(13.6) million, or $(0.24) per share.
  evidence_excerpt: First Quarter 2026 Financial Overview • Total revenues of $36.3 million • Net loss attributable to common stockholders of $(13.6) million, or $(0.24) per share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1873923/000187392326000081/0001873923-26-000081-index.htm

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