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.
ALLEN KATHLEEN reported acquisition or exercise transactions in this Form 4 filing.
Orion Properties Inc. director Kathleen Allen reported updated share holdings, including a new equity award. She received a grant of 34,483 shares of Common Stock as restricted stock units at a price of $0.0000 per share, increasing her directly held position to 111,726 shares.
The RSUs vest in full on the earlier of the one-year anniversary of the grant date or the next annual stockholder meeting, subject to her continued service. A trust benefiting her children also holds 37,170 shares indirectly, for which she is a co-trustee.
Whyte Gregory J. reported acquisition or exercise transactions in this Form 4 filing.
Orion Properties Inc. director receives equity award. Director Whyte Gregory J. was granted 34,483 shares of Common Stock in the form of restricted stock units with no cash paid per share. After this award, he directly holds 139,896 shares.
The RSUs vest in full on the earlier of the one-year anniversary of the grant date or the next annual meeting of stockholders, subject to his continued service with the company through the vesting date.
Lieb Richard J reported acquisition or exercise transactions in this Form 4 filing.
Orion Properties Inc. director Richard J. Lieb reported an equity compensation grant rather than an open-market trade. He received 34,483 shares of Common Stock in the form of restricted stock units (RSUs) at $0.00 per share under the company’s equity plan.
The RSUs vest in full on the earlier of the one-year anniversary of the grant date or the next annual meeting of stockholders, contingent on his continued service. After this award, Lieb’s direct holdings reported in the filing total 141,099 shares, highlighting a routine board-level compensation event.
Orion Properties Inc. director Reginald Harold Gilyard reported an equity compensation grant. He acquired 43,103 shares of Common Stock in the form of restricted stock units at a stated price of $0.00 per share.
These RSUs vest in full on the earlier of the one-year anniversary of the grant date or the next annual stockholders’ meeting, provided he continues serving the company. Following this award, he directly holds 270,881 shares.
Orion Properties Inc. reported the results of its 2026 Annual Meeting of Stockholders. Shareholders elected five directors — Paul H. McDowell, Reginald H. Gilyard, Kathleen R. Allen, Richard J. Lieb and Gregory J. Whyte — to serve until the next annual meeting. As of the March 13, 2026 record date, there were 56,830,068 shares of common stock outstanding. Shareholders also ratified the appointment of KPMG LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026. Director nominees received around 23.1–23.4 million votes for, while KPMG’s ratification received 36,442,566 votes for, with no broker non-votes on that proposal.
Private Management Group, Inc. filed an amendment to a Schedule 13G disclosing beneficial ownership of 5,395,475 shares of Orion Properties Inc. common stock (CUSIP 68629Y103), representing 9.6% of the class. The filing lists separately managed accounts as the underlying beneficiaries and is signed by Robert T. Summers, CFA on 05/08/2026.
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.