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Orion Properties Inc - ONL STOCK NEWS

Welcome to our dedicated page for Orion Properties news (Ticker: ONL), a resource for investors and traders seeking the latest updates and insights on Orion Properties stock.

Overview of Orion Office REIT Inc

Orion Office REIT Inc is an internally-managed real estate investment trust specializing in the ownership, acquisition, and management of mission-critical and headquarters office buildings. Focused on high-quality suburban markets across the United States, the company concentrates on properties that serve as vital hubs for corporate operations, governmental functions, medical offices, and laboratories. By leasing its assets on a single-tenant net lease basis, Orion Office REIT maintains a portfolio characterized by creditworthy, financially robust tenants.

Core Business and Investment Strategy

The fundamental business model of Orion Office REIT is built on acquiring and managing a diversified portfolio of premium office assets. The company employs a proven, cycle-tested investment evaluation framework that guides capital allocation decisions, both for the current portfolio and future acquisitions. Its approach ensures that every investment is scrutinized through the lens of long-term stability and market resilience, making it a noteworthy player in the commercial real estate market. The focus on single-tenant net leases minimizes operational risks by providing clear, stable streams of income while fostering strong tenant relationships.

Market Position and Operational Focus

Operating exclusively in the direct ownership and operation of commercial real estate, Orion Office REIT stands out for its concentrated strategy on suburban office properties. This niche focus allows the company to leverage local market knowledge and operational expertise in high-quality, mission-critical assets. The choice to invest in suburban markets is underpinned by the steady demand for office space outside of densely populated urban centers, where businesses often seek to reduce costs without compromising on accessibility or operational efficiency.

Portfolio Diversity and Asset Quality

The company's diversified portfolio includes a range of property types such as traditional office buildings, governmental offices, medical offices, and laboratory facilities. This mix not only spreads risk but also taps into various segments of the commercial real estate market. Each asset is carefully chosen based on its potential to deliver consistent performance under a net lease arrangement, which is known for its lower exposure to market volatility. The focus on creditworthy tenants further reinforces the quality of the portfolio, demonstrating the company’s commitment to low-risk, high-stability investments.

Investment Evaluation Framework and Management Expertise

At the heart of Orion Office REIT’s operational success is a dedicated team of experienced industry leaders. This team utilizes a rigorous investment evaluation framework that has been refined over multiple market cycles. Such a disciplined approach to capital allocation ensures that investment decisions are made based on thorough due diligence and a deep understanding of commercial real estate dynamics. The internal management model provides the company with the agility to respond to market conditions and allocate resources efficiently, further solidifying its competitive position.

Industry-Specific Keywords and Differentiators

From the outset, Orion Office REIT Inc positions itself distinctly through the use of key industry terms such as mission-critical, suburban markets, and net lease. These terms not only signal the quality and focus of its investments but also reinforce the company’s commitment to delivering stable, long-term performance in the commercial real estate sector. By targeting assets that are fundamental to the operations of modern businesses and public institutions, the REIT secures a competitive edge in an environment where reliability and operational excellence are highly prized.

Competitive Landscape and Strategic Differentiation

In the competitive realm of real estate investment trusts, Orion Office REIT's concentrated approach allows it to differentiate itself through the consistent quality of its asset base and the strength of its tenant relationships. While many peers diversify across a variety of property types and markets, Orion’s specialized focus on suburban office assets underscores its expertise in navigating a unique and stable segment of the market. This specialized focus aids the company in mitigating risk and ensuring that each property contributes to a robust and predictable investment profile.

Significance in the Commercial Real Estate Sector

Orion Office REIT Inc plays an important role in the commercial real estate landscape by providing investors with exposure to mission-critical office assets that are integral to corporate and institutional functions. Its well-defined strategy and disciplined management practices highlight the inherent value in focusing on high-quality suburban markets. The company’s comprehensive understanding of regional market trends and tenant creditworthiness reinforces its role as a reliable operator in the commercial real estate ecosystem.

Conclusion

This comprehensive approach, rooted in experienced management and rigorous investment principles, positions Orion Office REIT Inc as a significant entity in its sector. The company’s clear operational focus, combined with a diversified yet specialized portfolio, showcases its expertise in managing commercial real estate investments. For those seeking an in-depth understanding of its business model, Orion Office REIT offers a prime example of how strategic asset management can be effectively executed within the dynamic landscape of U.S. suburban office markets.

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Orion Office REIT Inc. (NYSE: ONL) announced the income tax classification of its 2022 dividends, emphasizing the dividend payments for its common stock. Shareholders received $0.10 per share on March 31, June 30, and September 30 of 2022, with each payment classified as nondividend distributions. The dividend declared in November 2022 and paid in January 2023 is taxable in 2023, and shareholders should consult tax advisors for accurate reporting. Orion focuses on single-tenant net lease office properties across the U.S., aiming to enhance shareholder income through its diversified portfolio.

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Orion Office REIT Inc. (NYSE: ONL) will release its financial results for Q4 and full year 2022 on March 8, 2023, after market close. A conference call to discuss the results will occur on March 9, 2023, at 10:00 a.m. ET, hosted by CEO Paul McDowell and CFO Gavin Brandon. Investors can access the call via Orion's website. A replay of the call will be available until March 23, 2023. Orion focuses on single-tenant net lease suburban office properties in the U.S., having spun off from Realty Income on November 12, 2021.

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Orion Office REIT Inc. reported total revenues of $51.8 million for Q3 2022, alongside a net loss of $(53.0 million), equating to $(0.94) per share. The company achieved Core FFO of $24.0 million, or $0.42 per share. It sold six properties for about $24.8 million, with agreements to sell four more for $15.9 million. The Board approved a $50 million share repurchase program. The real estate portfolio consisted of 87 properties with an occupancy rate of 88.2%. The Company raised its Core FFO guidance for 2022, now expected to be between $1.76 and $1.78 per share.

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Orion Office REIT Inc. (NYSE: ONL) will announce its third-quarter 2022 financial results on November 2, 2022, after market close. A webcast and conference call to discuss these results will take place at 10:00 a.m. ET on November 3, 2022. The event will feature CEO Paul McDowell and CFO Gavin Brandon. The call can be accessed via the company's website. A replay will be available until November 17, 2022.

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Orion Office REIT Inc. (ONL) reported second-quarter results for 2022, revealing total revenue of $52.8 million and Core FFO of $26.8 million or $0.47 per share. The company secured 206,000 square feet of lease extensions and completed the sale of two properties for $9.2 million, with agreements in place to sell six additional properties totaling $18.9 million. The net loss attributable to common stockholders was $(15.6 million), or $(0.27) per share. Orion maintains a portfolio occupancy rate of 86.7%.

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Orion Office REIT Inc. (NYSE: ONL) will release its second-quarter 2022 financial results after market close on August 3, 2022. A webcast and conference call to discuss these results will occur at 10:00 a.m. ET on August 4, 2022, hosted by CEO Paul McDowell and CFO Gavin Brandon. Investors can access the call via Orion’s website or by dialing in, with a replay available post-call until August 18, 2022. Orion, focused on single-tenant net lease office properties in the U.S., was founded in July 2021 and began trading on the NYSE in November 2021.

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In its first quarter results ending March 31, 2022, Orion Office REIT reported total revenue of $53.2 million and Core FFO of $28.0 million, or $0.49 per share. The company secured 178,000 square feet in lease extensions and expansions in Texas and Georgia and reached an agreement to sell three properties for $13 million. Although it reported a net loss of $9.9 million, Orion's operating performance aligns with expectations, and it maintains guidance for Core FFO per share between $1.66 and $1.74.

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Orion Office REIT Inc. (NYSE: ONL) announced it will release its financial results for Q1 2022 after market close on May 4, 2022. A webcast and conference call will occur on May 5, 2022, at 10:00 a.m. ET, hosted by CEO Paul McDowell and CFO Gavin Brandon. This event will review the financial outcomes for the period, focusing on its portfolio of single-tenant net lease office properties across the U.S. Investors can access the conference call via the company’s website or by dialing designated numbers for U.S., Canada, and international participants.

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Orion Office REIT Inc. (NYSE: ONL) released its fourth quarter 2021 financial results, marking a period of transition following its spin-off from Realty Income. The company reported a net loss of $(54.9) million, or $(0.97) per share, while core FFO was $26.8 million, or $0.47 per share. The weighted average lease term increased to 4.1 years as Orion signed key lease extensions, including an 11-year deal with Merrill Lynch. The total debt stood at $647.3 million, but the company secured a $355 million refinance, enhancing its liquidity to $346.4 million.

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Orion Office REIT Inc. (NYSE: ONL) will announce its fourth quarter and full-year 2021 financial results on March 24, 2022, after market close. A conference call will follow at 5:00 p.m. ET the same day, featuring CEO Paul McDowell and CFO Gavin Brandon. The live webcast will be accessible through the company’s website. Replay options will be available post-call until April 7, 2022. Orion specializes in owning and managing mission-critical office properties leased to creditworthy tenants across the U.S.

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FAQ

What is the current stock price of Orion Properties (ONL)?

The current stock price of Orion Properties (ONL) is $1.85 as of April 4, 2025.

What is the market cap of Orion Properties (ONL)?

The market cap of Orion Properties (ONL) is approximately 101.1M.

What is the primary focus of Orion Office REIT Inc?

The company focuses on the acquisition, ownership, and management of mission-critical and corporate headquarters office buildings in high-quality suburban markets across the U.S., predominantly through single-tenant net leases.

How does Orion Office REIT generate revenue?

Revenue is generated primarily from long-term leases on a single-tenant net lease basis, ensuring steady cash flows from creditworthy tenants in a diversified portfolio of office properties.

What types of properties are included in the company’s portfolio?

The portfolio includes traditional office buildings, governmental and medical offices, laboratories, and other mission-critical office assets that serve as key operational hubs.

How does the company mitigate market and operational risks?

By focusing on long-term net leases with creditworthy tenants and employing a disciplined investment evaluation framework, the company minimizes risks associated with market volatility and operational uncertainties.

What sets Orion Office REIT apart from its competitors?

Its specialized focus on high-quality suburban markets, commitment to mission-critical assets, and internally-managed, experienced leadership team distinguish it from other diversified real estate investment trusts.

What investment strategies does Orion Office REIT use?

The REIT utilizes a cycle-tested investment evaluation framework to guide all capital allocation decisions, ensuring that each acquisition is thoroughly vetted for long-term performance and stability.

How does the company’s management structure benefit its operations?

Being internally managed, Orion Office REIT benefits from a focused leadership team that applies deep industry expertise to oversee property acquisition, management, and tenant relations, which enhances operational agility.
Orion Properties Inc

NYSE:ONL

ONL Rankings

ONL Stock Data

101.11M
51.59M
8.04%
58.26%
1.09%
REIT - Office
Real Estate Investment Trusts
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United States
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