Welcome to our dedicated page for Orion Properties SEC filings (Ticker: ONL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Orion Properties Inc. filings document the formal disclosures of a Maryland REIT with NYSE-listed common stock and a portfolio of single-tenant net lease office properties and Dedicated Use Assets. Form 8-K reports include furnished operating results, supplemental property and financial information, Regulation FD presentations and material agreement disclosures.
The company’s SEC record also covers credit facility and CMBS loan modifications, termination of an equity distribution agreement, cooperation and governance matters, annual meeting proxy materials and registered-security details. Proxy filings address stockholder voting, board matters and governance procedures, while periodic event filings identify Orion as an emerging growth company for reporting purposes.
Orion Properties Inc. reported a net loss attributable to common stockholders of $13.6 million for the three months ended March 31, 2026, compared with a loss of $9.4 million a year earlier. Total revenues declined to $36.3 million from $38.0 million, mainly reflecting lower rental income in a challenged office market.
Operating results were pressured by $6.3 million of real estate impairment charges versus $1.7 million in the prior-year period and a basic and diluted net loss per share of $0.24 versus $0.17. Net cash used in operating activities was $7.7 million, while Orion continued to invest in and reshape its portfolio.
During the quarter, the company acquired a 75,000 square foot flex/R&D facility in Illinois for a gross price of $15.0 million and closed on the sale of two previously impaired properties for an aggregate gross sales price of $13.1 million. As of March 31, 2026, Orion owned 59 operating properties totaling 6.6 million leasable square feet with 83.1% occupancy and annualized base rent of $115.2 million.
Orion Properties Inc. reported first quarter 2026 results showing lower revenue but higher core cash earnings. Total revenues were $36.3 million, down from $38.0 million a year earlier, while net loss attributable to common stockholders widened to $13.6 million, or $(0.24) per share, from $(9.4) million, or $(0.17) per share.
Core Funds From Operations rose to $11.7 million, or $0.21 per diluted share, up from $10.7 million, or $0.19 per diluted share, helped by lower property operating costs and non-cash adjustments. Adjusted EBITDA was $17.2 million, producing a Net Debt to Annualized Adjusted EBITDA ratio of 6.36x and interest coverage of 2.68x.
Orion completed 355,000 square feet of leasing, sold or agreed to sell multiple non-core properties, and acquired a fully leased 75,000 square foot asset for $15.0 million. The board declared a $0.02 per share cash dividend for the second quarter of 2026, and the company reaffirmed 2026 guidance for Core FFO per share of $0.69–$0.76. Management also highlighted an ongoing strategic review and noted that a joint venture mortgage default remains in workout discussions, with Orion’s joint venture investment already written down to zero and its related loan fully reserved.
Orion Properties Inc. reports portfolio stabilization and operational progress in 2025, citing 900,000 square feet leased in 2025 (after 1.1 million in 2024) and a weighted average lease term near 10 years on new 2025 leases. The company sold 10 properties totaling over 960,000 square feet for approximately $81 million of gross proceeds and completed additional post-year-end sales and pending non-core property sales totaling about $56 million combined. These dispositions are expected to reduce annual carry costs by $10.3 million. Orion acquired a 75,000 square foot Barilla facility for $15 million at an 8.1% initial cash cap rate. In February 2026 the company secured a $215 million secured revolver (maturing February 2029) and extended a $355 million CMBS loan to August 2030. Year-end leverage was Net Debt to Adjusted EBITDA 6.8x (6.2x net of restricted cash) with adjusted year-end liquidity of $146 million. On January 26, 2026 Orion entered a cooperation agreement with its largest shareholder, The Kawa Fund Limited, and launched an ongoing strategic options review assisted by Wells Fargo and J.P. Morgan. The Board declared quarterly dividends of $0.02 per share in each 2025 quarter and declared a $0.02 quarterly dividend for Q1 2026.
Orion Properties Inc. is holding its 2026 annual shareholder meeting virtually on May 13, 2026, asking investors to elect five directors and ratify KPMG LLP as independent auditor for the year ending December 31, 2026. Stockholders of record on March 13, 2026 may vote.
Orion is an internally managed office-focused REIT with 58 operating properties totaling 6.5 million leasable square feet and a 20% interest in a joint venture owning six additional properties. The board is majority independent, separates the CEO and non-executive chair roles, and ties executive pay heavily to performance-based cash and equity incentives.
Hughes Paul C reported acquisition or exercise transactions in this Form 4 filing.
Orion Properties Inc. reported that its General Counsel & Secretary, Paul C. Hughes, received an award of 73,222 shares of Common Stock on March 12, 2026. These restricted stock units vest in three equal annual installments starting on March 4, 2027, contingent on continued service. Following this equity grant, Hughes directly holds 192,565 shares.
Day Christopher Haviland reported acquisition or exercise transactions in this Form 4 filing.
Orion Properties Inc. disclosed that officer Christopher Haviland Day received an equity grant of 99,372 shares of Common Stock on March 12, 2026. The award consists of restricted stock units granted at $0.00 per share as part of the company’s equity plan.
The RSUs vest in three equal installments on each of the first, second, and third anniversaries of March 4, 2026, contingent on his continued service with Orion. Following this grant, his direct holdings increased to 269,198.587 shares of Common Stock, reflecting routine, compensation-related equity rather than an open-market purchase.
Schmidt Revea Lynn reported acquisition or exercise transactions in this Form 4 filing.
Orion Properties Inc. reported that officer Schmidt Revea Lynn received an award of 62,762 shares of common stock in the form of restricted stock units on March 12, 2026. These units were granted at no cash cost and increase her direct holdings to 174,270 shares.
The restricted stock units vest in three equal installments on the first, second and third anniversaries of March 4, 2026, as long as she continues to serve with the company through each vesting date. This is a compensation-related equity grant rather than an open-market purchase.
Brandon Gavin reported acquisition or exercise transactions in this Form 4 filing.
Orion Properties Inc. reported that officer Brandon Gavin received a grant of 115,063 shares of Common Stock in the form of restricted stock units on March 12, 2026, under the company’s equity plan. These units vest in three equal annual installments on the first, second, and third anniversaries of March 4, 2026, contingent on his continued service with the company. Following this award, Gavin directly holds 343,618 shares of Common Stock.
Orion Properties Inc. director and officer Paul H. McDowell received an equity grant of 217,573 shares of Common Stock in the form of restricted stock units on March 12, 2026. These units were granted at no cash cost per share and increase his direct holdings to 744,147 shares after the award.
The footnote explains that the restricted stock units were awarded under the company’s equity plan and will vest in three equal installments on the first, second and third anniversaries of March 4, 2026, as long as McDowell continues serving the company through each vesting date. This is a compensation-related acquisition rather than an open-market purchase.
Orion Properties Inc. reported that officer Schmidt Revea Lynn had 2,096 shares of common stock withheld on March 7, 2026 to cover tax obligations. The shares were valued at $2.45 per share, based on the prior day’s New York Stock Exchange closing price.
The withholding relates to 6,622 shares that vested under a restricted stock unit award, meaning this is a compensation-related tax payment rather than an open-market sale. After the transaction, Schmidt directly holds 111,508 shares of Orion Properties common stock.