[SCHEDULE 13G] Orion Properties Inc. Passive Investment Disclosure (>5%)
BlackRock reports 6.6% stake in Orion Properties
BlackRock, Inc. reports beneficial ownership of common stock of Orion Properties Inc. on a Schedule 13G. BlackRock reports beneficial ownership of 3,775,062 shares of Orion common stock, representing 6.6% of the class.
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BlackRock, Inc. reports beneficial ownership of common stock of Orion Properties Inc. on a Schedule 13G. BlackRock reports beneficial ownership of 3,775,062 shares of Orion common stock, representing 6.6% of the class.
BlackRock has sole voting power over 3,738,343 shares and sole dispositive power over 3,775,062 shares, with no shared voting or dispositive power. The shares are held by certain BlackRock business units, and various underlying persons may receive dividends or sale proceeds, but no such person holds more than five percent of Orion’s outstanding common shares.
Key Figures
Beneficially owned shares:3,775,062 sharesOwnership percentage:6.6%Sole voting power:3,738,343 shares+3 more
6 metrics
Beneficially owned shares3,775,062 sharesCommon stock of Orion Properties Inc. beneficially owned by BlackRock
Ownership percentage6.6%Percent of Orion Properties Inc. common stock class owned by BlackRock
Sole voting power3,738,343 sharesShares for which BlackRock has sole power to vote or direct the vote
Shared voting power0 sharesShares for which BlackRock has shared power to vote
Sole dispositive power3,775,062 sharesShares for which BlackRock has sole power to dispose or direct disposition
Shared dispositive power0 sharesShares for which BlackRock has shared power to dispose
Key Terms
beneficially owned, sole voting power, sole dispositive power, Schedule 13G, +1 more
5 terms
beneficially ownedfinancial
"reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
sole voting powerfinancial
"Sole Voting Power 3,738,343.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
sole dispositive powerfinancial
"Sole Dispositive Power 3,775,062.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
Schedule 13Gregulatory
"Ownership of more than 5 Percent on Behalf of Another Person."
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
parent holding companyregulatory
"Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many Orion Properties Inc. (ONL) shares does BlackRock beneficially own?
BlackRock beneficially owns 3,775,062 shares of Orion Properties Inc. common stock. This ownership is reported on a Schedule 13G filing and reflects holdings of certain BlackRock business units, not necessarily all BlackRock-affiliated entities.
What percentage of Orion Properties Inc. (ONL) does BlackRock own?
BlackRock reports owning 6.6% of the outstanding common stock of Orion Properties Inc. This percentage is based on the company’s total common shares and triggers the requirement to file a Schedule 13G.
What voting power does BlackRock have in Orion Properties Inc. (ONL)?
BlackRock has sole voting power over 3,738,343 shares of Orion Properties Inc. and no shared voting power. This means only designated BlackRock entities can vote those shares or direct how they are voted.
What dispositive power does BlackRock hold over its Orion Properties Inc. (ONL) shares?
BlackRock has sole dispositive power over 3,775,062 shares of Orion Properties Inc. common stock and no shared dispositive power. Sole dispositive power means BlackRock-controlled entities can decide if and when to sell those shares.
Do any underlying investors hold more than 5% of Orion Properties Inc. (ONL) through BlackRock?
No. The filing states that various persons may receive dividends or sale proceeds from Orion shares held by BlackRock, but no one person’s interest exceeds five percent of Orion’s total outstanding common shares.
Which BlackRock units are included in this Orion Properties Inc. (ONL) ownership report?
The report covers securities beneficially owned or deemed beneficially owned by certain BlackRock business units. It explicitly excludes securities, if any, held by other BlackRock units whose holdings are disaggregated under SEC Release No. 34-39538.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Orion Properties Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
68629Y103
(CUSIP Number)
06/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
68629Y103
1
Names of Reporting Persons
BlackRock, Inc.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
3,738,343.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
3,775,062.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,775,062.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.6 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Orion Properties Inc.
(b)
Address of issuer's principal executive offices:
3200 E Camelback Road, Suite 100 PHOENIX AZ 85018
Item 2.
(a)
Name of person filing:
BlackRock, Inc.
In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units (collectively, the "Reporting Business Units") of BlackRock, Inc. and its subsidiaries and affiliates. It does not include securities, if any, beneficially owned by other business units whose beneficial ownership of securities are disaggregated from that of the Reporting Business Units in accordance with such release.
(b)
Address or principal business office or, if none, residence:
BlackRock, Inc., 50 Hudson Yards New York, NY 10001
(c)
Citizenship:
See Item 4 of Cover Page
(d)
Title of class of securities:
Common Stock
(e)
CUSIP Number(s):
68629Y103
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
3775062
(b)
Percent of class:
6.6 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
3738343
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
3775062
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
Various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the common stock of Orion Properties Inc.. No one person's interest in the common stock of Orion Properties Inc. is more than five percent of the total outstanding common shares.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
See Exhibit 99
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
