Highest-materiality recent filing
Orion Properties Q2 net income $24.6M; raises Core FFO guidance, lowers debt leverage
Q2 total revenues $34.3M (down from $37.3M YoY); net income $24.6M vs net loss $25.1M in Q2 2025.
Orion Properties Q1 net loss $(13.6)M, Core FFO $0.21/shr, reaffirms FY26 guidance
Total revenues $36.3M (down from $38.0M YoY); net loss $(13.6)M vs $(9.4)M prior year.
Orion Properties reports FY 2025 net loss of $139.3M; Core FFO $0.78/shr; initiates strategic review
FY 2025 total revenues $147.6M, down 10% YoY; net loss $(139.3M) vs $(103.0M) in 2024.
Orion Properties extends $355M CMBS loan to Aug 2030, enters new $215M revolver
$355M CMBS loan extended from Feb 2027 to Aug 2030 (incl. options); fixed rate 4.971% unchanged.
Orion Properties enters cooperation with Kawa, launches strategic options review
Kawa withdrew its nomination of five directors and agreed to standstill and voting commitments through September 1, 2026.
Orion Properties Q3 net loss widens to $(69.0)M; raises 2025 Core FFO guidance to $0.74-$0.76
Net loss $(69.0)M ($(1.23)/share) vs $(10.2)M ($(0.18)/share) in Q3 2024.
Orion Properties updates business plan, rejects two acquisition bids at $2.50-$2.75 per share
Leased 3.6M sq ft since 2021 spin-off; WALT extended to 5.5 years from 4.1 years.
Orion Properties Q2 net loss $0.45/share; raises 2025 Core FFO guidance to $0.67-$0.71
Total revenues $37.3M vs $40.1M YoY; net loss $(25.1)M ($0.45/share) vs $(33.8)M ($0.60).
Orion Properties Q1 revenues down 19% to $38M; Core FFO $0.19/share vs $0.36 YoY
Total revenues $38.0M, down from $47.2M in Q1 2024.
Orion Properties reports 425k sq ft leased YTD, sells three vacant properties for $19.1M
Leased 425,000 sq ft YTD (new/renewal); weighted avg lease term 7.7 yrs. Includes 15.7-yr lease at Parsippany, NJ and 10-yr lease with Ingram Micro in Buffalo, NY.
Orion Office REIT posts Q4 net loss $32.8M, cuts dividend, rebrands as Orion Properties
Q4 rev $38.4M (-12% YoY); net loss $(32.8)M vs $(16.2)M loss; Core FFO $0.18 vs $0.33.
Orion Office REIT Q3 revenues $39.2M, Core FFO $0.21; narrows 2024 Core FFO guidance to $0.99-$1.01
Total revenues $39.2M (down from $49.1M in Q3 2023); net loss $(10.2)M or $(0.18) per share.
Orion Office REIT Q2 net loss widens to $33.8M; Core FFO per share falls to $0.25
Total revenues of $40.1M (down 23% YoY); net loss attributable to common stockholders $(33.8)M.
Orion Office REIT Q1 net loss $(0.47)/sh; Core FFO $0.36; reaffirms 2024 outlook
Total revenues $47.2M, down from $50.2M YoY; net loss $(26.2)M vs $(8.9)M prior year.
Orion Office REIT Q4 net loss $0.29; Core FFO $0.33; FY2024 Core FFO guidance $0.93-$1.01
Q4 total revenues $43.8M (down 13% YoY); full year $195.0M (down 6% from $208.1M in 2022).
Orion Office REIT Q3 net loss $16.5M; Core FFO $0.43; raises 2023 guidance
Total revenues $49.1M vs $51.8M YoY; net loss $(0.29)/share vs $(0.94)/share.
Orion Office REIT repays $175M term loan using revolver, extends maturity option to 2026
Repaid $175M senior term loan (due Nov 2023) with borrowings from $425M revolver; now $175M drawn, $250M available.
Orion Office REIT Q1 revenue $50.2M, net loss $8.9M; Core FFO $0.45; reaffirms guidance
Total revenues $50.2M; net loss attributable to common stockholders $(8.9)M ($0.16 per share).
Orion Office REIT reports FY 2022 net loss of $97.5M; Core FFO $1.80/share, above guidance
Full year 2022 revenues $208.1M; net loss $(97.5)M ($(1.72)/share); Core FFO $101.8M ($1.80/share), exceeding guidance by $0.02.
Orion Office REIT enters at-the-market equity distribution agreement for up to $100M
Company may sell up to $100M of common stock through J.P. Morgan, Mizuho, Scotia, TD, and Wells Fargo as sales agents.
Orion Office REIT reports Q3 net loss of $53M, raises Core FFO guidance, authorizes $50M buyback
Total revenues $51.8M; net loss attributable to common stockholders $53.0M ($0.94 per share).
Orion Office REIT Q2 2022: Net loss $15.6M, Core FFO $26.8M; updates 2022 guidance
Total revenue $52.8M; net loss $(15.6)M ($0.27/sh); Core FFO $26.8M ($0.47/sh).
Orion Office REIT reports Q4 net loss of $54.9M, Core FFO $0.47 per share, provides FY2022 guidance
Net loss attributable to common stockholders $(54.9)M ($(0.97)/share); Core FFO $26.8M ($0.47/share)
Orion Office REIT secures $355M fixed-rate mortgage loan at 4.821% from Wells Fargo
Loan bears interest at 4.821% p.a. (max 4.971% after securitization), matures Feb 2027, interest-only.
Orion Office REIT completes spin-off from Realty Income; begins trading Nov 15 under 'ONL'
Portfolio of 92 office properties totaling ~10.5M leasable square feet.
Orion Office REIT registration effective; distribution expected Nov 12, trading Nov 15 under ONL
Registration on Form 10 declared effective by SEC on Oct 22, 2021.
• Gavin Brandon, as Chief Financial Officer, Executive Vice President, Treasurer and Secretary
• Gary Landriau, as Chief Investment Officer and Executive Vice President
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
Mr. Gilyard has been appointed as the Non-Executive Chairman of the Board.
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
• Chris Day, as Chief Operating Officer and Executive Vice President
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
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, as Chief Executive Officer and President
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
Max materiality 0.85 · Median 0.65 · Most common event earnings