secwatch.observer — SEC 8-K summary
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Issuer:     Orion Properties Inc. (ONL)
CIK:        0001873923
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001873923-26-000081
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1873923/000187392326000081/0001873923-26-000081-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1873923/000187392326000081/onl-20260507.htm
  HTML page:      https://secwatch.observer/filing/0001873923-26-000081

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer