Orion Properties Inc. shareholders approved Ratification of the appointment of KPMG LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026 at the 2026-05-13 meeting.
“Proposal 2 - Ratification of the Appointment of KPMG as the Company's Independent Registered Public Accounting Firm for the Fiscal Year Ending December 31, 2026: Votes For Votes Against Abstain Broker Non-Votes 36,442,566 357,639 3,381,480 * * No broker non-votes were recorded in connection with Proposal No. 2.”
Shareholder Votes
Orion Properties Inc. shareholders approved Election of Paul H. McDowell, Reginald H. Gilyard, Kathleen R. Allen, Richard J. Lieb and Gregory J. Whyte to serve on the Board of Directors at the 2026-05-13 meeting.
“Proposal 1 - Election of Directors: Nominee Votes For Votes Against Abstain Broker Non-Votes Paul H. McDowell 23,381,806 994,281 3,107,697 12,697,901 Reginald H. Gilyard 23,057,793 1,317,988 3,108,003 12,697,901 Kathleen R. Allen 23,186,270 1,189,287 3,108,227 12,697,901 Richard J. Lieb 23,349,231 1,025,700 3,108,853 12,697,901 Gregory J. Whyte 23,361,007 1,017,625 3,105,152 12,697,901”
Earnings Releases
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.
“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”
Earnings Releases
Orion Properties Inc. reported full year ended December 31, 2025 results: revenue $147.6 million, net income $(139.3) million, or $(2.48) per share, EPS $(2.48) per share.
“Total revenues of $147.6 million • Net loss attributable to common stockholders of $(139.3) million, or $(2.48) per share”
Earnings Releases
Orion Properties Inc. reported fourth quarter ended December 31, 2025 results: revenue $35.2 million, net income $(35.8) million, or $(0.64) per share, EPS $(0.64) per share.
“Total revenues of $35.2 million • Net loss attributable to common stockholders of $(35.8) million, or $(0.64) per share”
Debt Financings
Orion Properties Inc. incurred revolving credit of $215.0 million with Wells Fargo Bank, National Association, as Administrative Agent at SOFR plus 2.75% or base rate plus 1.75% maturing February 18, 2028.
“On February 18, 2026, the Company, as parent, and Orion Properties LP, as borrower (“Orion OP”), entered into a credit agreement for a new $215.0 million senior secured revolving credit facility (the “New Revolving Facility”), with the financial institutions party thereto, as lenders, and Wells Fargo Bank, National Association, as Administrative Agent.”
Debt Financings
Orion Properties Inc. amended loan of $355.0 million with Computershare Trust Company, National Association, as Trustee at fixed annual interest rate on the CMBS Loan of 4.971% maturing extended two years from February 11, 2027 until February 11, 2029.
“Fargo Commercial Mortgage Trust 2022-ONL, Commercial Mortgage Pass-Through Certificates, Series 2022-ONL (the "Lender"). The Loan Modification Agreement relates to that certain $355.0 million fixed rate securitized mortgage loan dated February 10, 2022 (the “CMBS Loan”). The Loan Modification Agreement includes the following terms and conditions, among others: • The”
Material Agreements
Orion Properties Inc. entered into Credit Agreement for New Revolving Facility with Wells Fargo Bank, National Association, as Administrative Agent valued at $215.0 million senior secured revolving credit facility (effective 2026-02-18).
“On February 18, 2026, the Company, as parent, and Orion Properties LP, as borrower (“Orion OP”), entered into a credit agreement for a new $215.0 million senior secured revolving credit facility (the “New Revolving Facility”), with the financial institutions party thereto, as lenders, and Wells Fargo Bank, National Association, as Administrative Agent.”
Material Agreements
Orion Properties Inc. entered into Loan Modification Agreement with Computershare Trust Company, National Association, as Trustee valued at $355.0 million fixed rate securitized mortgage loan (effective 2026-02-17).
“On February 17, 2026, Orion Properties Inc. (the “Company”), through certain of its subsidiaries (the “Mortgage Borrowers”), entered into a loan extension and modification agreement (“Loan Modification Agreement”) with Computershare Trust Company, National Association, as Trustee, for the benefit of the holders of Wells Fargo Commercial Mortgage Trust 2022-ONL, Commercial Mortgage Pass-Through Certificates, Series 2022-ONL (the "Lender").”
Material Agreements
Orion Properties Inc. entered into Cooperation Agreement with The Kawa Fund Limited and Kawa Capital Management, Inc. (collectively, Kawa) (effective 2026-01-26).
“On January 26, 2026, Orion Properties Inc. (the “ Company ”) entered into a cooperation agreement (the “ Cooperation Agreement ”) with The Kawa Fund Limited and Kawa Capital Management, Inc. (collectively, “ Kawa ”)”
Governance Changes
Orion Properties Inc.: Amended Bylaws (First Amendment to Second Amended and Restated Bylaws) to change corporate name to Orion Properties Inc (effective 2025-03-05).
“On March 5, 2025, the Company amended its Articles of Amendment and Restatement and Bylaws solely to change the corporate name from “Orion Office REIT Inc.” to “Orion Properties Inc.””
Governance Changes
Orion Properties Inc.: Amended Articles of Amendment and Restatement to change corporate name from Orion Office REIT Inc. to Orion Properties Inc (effective 2025-03-05).
“On March 5, 2025, the Company amended its Articles of Amendment and Restatement and Bylaws solely to change the corporate name from “Orion Office REIT Inc.” to “Orion Properties Inc.””
Shareholder Votes
Orion Properties Inc. shareholders approved Ratification of the appointment of KPMG LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024 at the 2024-05-15 meeting.
“Proposal 2 - Ratification of the Appointment of KPMG as the Company's Independent Registered Public Accounting Firm for the Fiscal Year Ending December 31, 2024: Votes For Votes Against Abstain Broker Non-Votes 39,718,616 132,808 119,181”
Shareholder Votes
Orion Properties Inc. shareholders approved Election of Paul H. McDowell, Reginald H. Gilyard, Kathleen R. Allen, Richard J. Lieb and Gregory J. Whyte to serve on the Board of Directors at the 2024-05-15 meeting.
“Proposal 1 - Election of Directors: Nominee Votes For Votes Against Abstain Broker Non-Votes Paul H. McDowell 30,513,728 720,896 60,726 8,675,255 Reginald H. Gilyard 26,187,338 5,058,781 49,231 8,675,255 Kathleen R. Allen 30,121,548 1,114,780 59,022 8,675,255 Richard J. Lieb 30,515,046 719,275 61,029 8,675,255 Gregory J. Whyte 30,278,559 956,986 59,805 8,675,255”
Earnings Releases
Orion Properties Inc. reported the first quarter ended March 31, 2024 results: revenue $47.2 million, net income $(26.2) million, EPS $(0.47) per share. Guidance reaffirmed.
“quarter to exercise our option to extend the maturity out 18 months from November 2024 to May 2026.” First Quarter 2024 Financial and Operating Highlights • Total revenues of $47.2 million • Net loss attributable to common stockholders of $(26.2) million, or $(0.47) per share • Funds from Operations (“FFO”) of $18.4 million, or $0.33 per share • Core FFO of $20.4”
Earnings Releases
Orion Properties Inc. reported the full year ended December 31, 2023 results: revenue $195.0 million, net income $(57.3) million, or $(1.02) per share, EPS $(1.02) per share.
“Total revenues of $195.0 million • Net loss attributable to common stockholders of $(57.3) million, or $(1.02) per share”
Earnings Releases
Orion Properties Inc. reported the fourth quarter ended December 31, 2023 results: revenue $43.8 million, net income $(16.2) million, or $(0.29) per share, EPS $(0.29) per share.
“Total revenues of $43.8 million • Net loss attributable to common stockholders of $(16.2) million, or $(0.29) per share”
Earnings Releases
Orion Properties Inc. reported the third quarter ended September 30, 2023 results: revenue $49.1 million, net income $(16.5) million, or $(0.29) per share. Guidance raised.
“delivering on our plans to transform the portfolio over time to unlock value for shareholders.” Third Quarter 2023 Financial and Operating Highlights • Total Revenues of $49.1 million • Net Loss Attributable to Common Stockholders of $(16.5) million, or $(0.29) per share • Funds from Operations (“FFO”) of $22.3 million, or $0.39 per share • Core FFO of $24.1”
Governance Changes
Orion Properties Inc.: Amended and restated Bylaws to address matters related to Rule 14a-19 under the Exchange Act (Universal Proxy Rule), including requirements for stockholders soliciting proxies, nomination procedures, and proxy card color (effective 2023-09-07).
“On September 7, 2023, the Board of Directors of Orion Office REIT Inc. (the “Company”) amended and restated the Bylaws of the Company (as amended and restated, the “Bylaws”), effective immediately.”
Earnings Releases
Orion Properties Inc. reported the second quarter ended June 30, 2023 results: revenue $52.0 million, net income $(15.7) million, or $(0.28) per share. Guidance reaffirmed.
“During the quarter ended June 30, 2023, the Company generated total revenues of $52.0 million, as compared to $52.8 million in the same quarter of 2022. The Company reported a net loss attributable to common stockholders of $(15.7) million, or $(0.28) per share, during the second quarter of 2023”
Material Agreements
Orion Properties Inc. amended Amendment with Wells Fargo Bank, N.A., as Administrative Agent (effective 2023-06-29).
“On June 29, 2023, Orion Office REIT Inc. (the “Company”), as parent, and its operating partnership, Orion Office REIT LP (“Orion OP”), as borrower, entered into an amendment (the “Amendment”) to its credit agreement with Wells Fargo Bank, N.A., as Administrative Agent, and the lenders party thereto (as amended, the “Credit Agreement”).”
Shareholder Votes
Orion Properties Inc. shareholders approved Ratification of the appointment of KPMG LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023 at the 2023-05-16 meeting.
“Item 5.07. Submission of Matters to a Vote of Security Holders. On May 16, 2023, Orion Office REIT Inc. (the “Company”) held its 2023 Annual Meeting of Stockholders (the “Annual Meeting”). At the Annual Meeting, the Company’s stockholders voted on: (i) the election of Paul H. McDowell, Reginald H. Gilyard, Kathleen R. Allen, Richard J. Lieb and Gregory J. Whyte to serve on the Company’s Board of Directors until the next annual meeting of stockholders and until their respective successors are duly elected and qualify; and (ii) the ratification of the appointment of KPMG LLP (“KPMG”) as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023.”
Shareholder Votes
Orion Properties Inc. shareholders approved Election of Paul H. McDowell, Reginald H. Gilyard, Kathleen R. Allen, Richard J. Lieb and Gregory J. Whyte to serve on the Company's Board of Directors until the next annual meeting of stockholders and until their respective successors are duly elected and qualify at the 2023-05-16 meeting.
“Item 5.07. Submission of Matters to a Vote of Security Holders. On May 16, 2023, Orion Office REIT Inc. (the “Company”) held its 2023 Annual Meeting of Stockholders (the “Annual Meeting”). At the Annual Meeting, the Company’s stockholders voted on: (i) the election of Paul H. McDowell, Reginald H. Gilyard, Kathleen R. Allen, Richard J. Lieb and Gregory J. Whyte to serve on the Company’s Board of Directors until the next annual meeting of stockholders and until their respective successors are duly elected and qualify; and (ii) the ratification of the appointment of KPMG LLP (“KPMG”) as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023.”
Earnings Releases
Orion Properties Inc. reported the first quarter ended March 31, 2023 results: revenue $50.2 million, net income $(8.9) million, EPS $(0.16) per share. Guidance reaffirmed.
“Orion Office REIT Inc. Announces First Quarter 2023 Results - Total Revenues of $50.2 million - - Net Loss Attributable to Common Stockholders of $(8.9) million, or $(0.16) Per Share”
Earnings Releases
Orion Properties Inc. reported financial results for the fourth quarter and full year ended December 31, 2022.
“On March 8, 2023, Orion Office REIT Inc. furnished the following documents: (i) a press release relating to its fourth quarter and full year 2022 financial results and related matters, attached hereto as Exhibit 99.1; and (ii) supplemental information for the quarter and year ended December 31, 2022, attached hereto as Exhibit 99.2.”
Material Agreements
Orion Properties Inc. amended First Amendment with Wells Fargo Bank, N.A., as Administrative Agent and the lenders party thereto (effective 2022-12-01).
“On December 1, 2022, Orion Office REIT Inc. (the “Company”), as parent, and its operating partnership, Orion Office REIT LP (“Orion OP”), as borrower, entered into that certain First Amendment (the “Amendment”) to its credit agreement with Wells Fargo Bank, N.A., as Administrative Agent (as amended, the “Revolver/Term Loan Credit Agreement”) and the lenders party thereto.”
Material Agreements
Orion Properties Inc. entered into Equity Distribution Agreement with J.P. Morgan Securities LLC, Mizuho Securities USA LLC, Scotia Capital (USA) Inc., TD Securities (USA) LLC, Wells Fargo Securities, LLC, JPMorgan Chase Bank, National Association, Mizuho Markets Americas LLC, The Bank of Nova Scotia, The Toronto-Dominion Bank, Wells Fargo Bank, National Association valued at $100,000,000 (effective 2022-11-15).
“On November 15, 2022, Orion Office REIT Inc. (the “Company”) and its operating partnership entered into an equity distribution agreement (the “Distribution Agreement”) with (i) each of J.P. Morgan Securities LLC, Mizuho Securities USA LLC, Scotia Capital (USA) Inc., TD Securities (USA) LLC and Wells Fargo Securities, LLC (collectively, the “Sales Agents”), and (ii) each of JPMorgan Chase Bank, National Association, Mizuho Markets Americas LLC, The Bank of Nova Scotia, The Toronto-Dominion Bank and Wells Fargo Bank, National Association (collectively, the “Forward Purchasers”).”
Earnings Releases
Orion Properties Inc. reported third quarter ended September 30, 2022 results: revenue $51.8 million, net income $(53.0) million, EPS $(0.94) per share. Guidance raised.
“Orion Office REIT Inc.® Announces Third Quarter 2022 Results - Total Revenues of $51.8 million - - Net Loss Attributable to Common Stockholders of $(53.0) million, or $(0.94) Per Share”
Gregory J. Whyte was appointed as director at Orion Properties Inc..
“each of Paul McDowell, Kathleen R. Allen, Ph.D., Reginald H. Gilyard, Richard Lieb and Gregory J. Whyte were appointed to serve as directors on the Board”
Richard Lieb was appointed as director at Orion Properties Inc..
“each of Paul McDowell, Kathleen R. Allen, Ph.D., Reginald H. Gilyard, Richard Lieb and Gregory J. Whyte were appointed to serve as directors on the Board”
Reginald H. Gilyard was appointed as Non-Executive Chairman at Orion Properties Inc..
“Mr. Gilyard has been appointed as the Non-Executive Chairman of the Board.”
Reginald H. Gilyard was appointed as director at Orion Properties Inc..
“each of Paul McDowell, Kathleen R. Allen, Ph.D., Reginald H. Gilyard, Richard Lieb and Gregory J. Whyte were appointed to serve as directors on the Board”
Kathleen R. Allen was appointed as director at Orion Properties Inc..
“each of Paul McDowell, Kathleen R. Allen, Ph.D., Reginald H. Gilyard, Richard Lieb and Gregory J. Whyte were appointed to serve as directors on the Board”
Gary Landriau was appointed as Chief Investment Officer and Executive Vice President at Orion Properties Inc..
“• Gary Landriau, as Chief Investment Officer and Executive Vice President”
Chris Day was appointed as Chief Operating Officer and Executive Vice President at Orion Properties Inc..
“• Chris Day, as Chief Operating Officer and Executive Vice President”
Gavin Brandon was appointed as Chief Financial Officer, Executive Vice President, Treasurer and Secretary at Orion Properties Inc..
“• Gavin Brandon, as Chief Financial Officer, Executive Vice President, Treasurer and Secretary”
Paul H. McDowell was appointed as director at Orion Properties Inc..
“each of Paul McDowell, Kathleen R. Allen, Ph.D., Reginald H. Gilyard, Richard Lieb and Gregory J. Whyte were appointed to serve as directors on the Board”
Paul H. McDowell was appointed as Chief Executive Officer and President at Orion Properties Inc..
“• Paul H. McDowell, as Chief Executive Officer and President”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.