---
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"
generated_at: "2026-08-06T20:27:07.624859+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Orion Properties Q2 net income $24.6M; raises Core FFO guidance, lowers debt leverage

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- 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/1873923/000187392326000105/0001873923-26-000105-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1873923/000187392326000105/onl-20260806.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001873923-26-000105
- JSON: https://secwatch.observer/filing/0001873923-26-000105.json
- Plain text: https://secwatch.observer/filing/0001873923-26-000105.txt

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