{"schema_version":"secwatch.filing_event.v1","accession":"0001873923-26-000105","form_type":"8-K","ticker":"ONL","cik":"0001873923","company_name":"Orion Properties Inc.","filed_at":"2026-08-06T20:26:24+00:00","discovered_at":"2026-08-06T20:27:01.310759+00:00","generated_at":"2026-08-06T20:27:07.624859+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Orion Properties Q2 net income $24.6M; raises Core FFO guidance, lowers debt leverage","bullets":["Q2 total revenues $34.3M (down from $37.3M YoY); net income $24.6M vs net loss $25.1M in Q2 2025.","Core FFO $11.8M ($0.20/diluted share), flat YoY; raised 2026 Core FFO guidance to $0.72-$0.77 per share.","Reduced debt by $60.7M in Q2, including $35.7M on CMBS loan; Net Debt/Adjusted EBITDA improved to 5.4x.","Completed 202,000 sq ft leasing in Q2, 673,000 sq ft YTD; sold two properties and Deerfield campus for $70.6M.","Declared Q3 dividend of $0.02/share payable Oct 15; strategic options review ongoing."],"urls":{"canonical":"https://secwatch.observer/filing/0001873923-26-000105","json":"https://secwatch.observer/filing/0001873923-26-000105.json","markdown":"https://secwatch.observer/filing/0001873923-26-000105.md","text":"https://secwatch.observer/filing/0001873923-26-000105.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1873923/000187392326000105/0001873923-26-000105-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1873923/000187392326000105/onl-20260806.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-06T20:27:07.624859+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"}