Orion Properties Inc. ONL
Orion Properties Inc. is an investment firm concentrating its expertise on acquiring, owning, and managing a varied collection of essential corporate headquarters and vital office properties situated in premier suburban markets nationwide. This portfolio is predominantly secured by single-tenant net leases with financially robust tenants. The company's seasoned leadership team employs a rigorous, market-tested investment framework that directs their strategic capital deployment across both their existing holdings and prospective acquisitions.
Business overview written from the company's own Form 10-K (Item 1), filed 2026-03-05 — refreshed whenever it files a new one. The figures above are current; see its SEC filings. ✓ From the 10-K
Plain-English: the Snapshot is the quick read — what it pays you (yield, dividend), how its cash flow looks (FFO/AFFO, Price/OCF) and how much debt it carries. Switch to Expert in the header to hide these explanations.
Snapshot
Reported FFO / Core FFO / leverage are from the Q1 2026 earnings release (filed 2026-05-07) — 8-K, EX-99.1 ✓ Verified to filing.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
$10,000 invested
Illustrative income only, at today's price and latest declared dividend — it excludes price changes, dividend cuts and taxes. Not a forecast.
Model ONL yourself — any amount, shares, per-payment & a multi-year DRIP projection →
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $147.65M | $-139.31M | $58.75M | $-48.76M | $23.58M |
| 2024 | $164.86M | $-103.01M | $100.82M | $30.70M | $54.26M |
| 2023 | $195.04M | $-57.30M | $109.11M | $81.92M | $89.09M |
| 2022 | $208.12M | $-97.49M | $131.37M | $64.28M | $114.23M |
| 2021 | $79.73M | $-47.48M | $43.92M | $882.00K | $56.11M |
| 2020 | $53.47M | $-1.90M | $25.95M | $26.98M | $42.33M |
Dividends
Recent regular dividends per share (special distributions excluded), oldest → newest.
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-09-30 | 2026-09-30 | 2026-10-15 | 2026-08-05 | $0.02 | Quarterly |
| 2026-06-30 | 2026-06-30 | 2026-07-15 | 2026-05-05 | $0.02 | Quarterly |
| 2026-03-31 | 2026-03-31 | 2026-04-15 | 2026-03-04 | $0.02 | Quarterly |
| 2025-12-31 | 2025-12-31 | 2026-01-15 | 2025-11-05 | $0.02 | Quarterly |
| 2025-09-30 | 2025-09-30 | 2025-10-15 | 2025-08-05 | $0.02 | Quarterly |
| 2025-06-30 | 2025-06-30 | 2025-07-15 | 2025-05-07 | $0.02 | Quarterly |
| 2025-03-31 | 2025-03-31 | 2025-04-15 | 2025-03-04 | $0.02 | Quarterly |
| 2024-12-31 | 2024-12-31 | 2025-01-15 | 2024-11-07 | $0.10 | Quarterly |
| 2024-09-30 | 2024-09-30 | 2024-10-15 | 2024-08-08 | $0.10 | Quarterly |
| 2024-06-28 | 2024-06-28 | 2024-07-15 | 2024-05-07 | $0.10 | Quarterly |
| 2024-03-27 | 2024-03-29 | 2024-04-15 | 2024-02-27 | $0.10 | Quarterly |
| 2023-12-28 | 2023-12-29 | 2024-01-16 | 2023-11-09 | $0.10 | Quarterly |
| 2023-09-28 | 2023-09-29 | 2023-10-16 | 2023-08-08 | $0.10 | Quarterly |
| 2023-06-29 | 2023-06-30 | 2023-07-17 | 2023-05-08 | $0.10 | Quarterly |
| 2023-03-30 | 2023-03-31 | 2023-04-17 | 2023-03-07 | $0.10 | Quarterly |
| 2022-12-29 | 2022-12-30 | 2023-01-17 | 2022-11-01 | $0.10 | Quarterly |
| 2022-09-29 | 2022-09-30 | 2022-10-17 | 2022-08-02 | $0.10 | Quarterly |
| 2022-06-29 | 2022-06-30 | 2022-07-15 | 2022-05-04 | $0.10 | Quarterly |
| 2022-03-30 | 2022-03-31 | 2022-04-15 | 2022-03-22 | $0.10 | Quarterly |
Coverage (payout of operating cash flow): 19.08%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Recent news — ONL
Orion Properties Inc. Announces Third Quarter 2026 Earnings Release and Webcast Dates
Reviewing Orion Office REIT (NYSE:ONL) and Mackenzie Realty Capital (NASDAQ:MKZR)
The Dividend Trap: 3 High-Yield REITs That Look Cheap (But Aren't)
Deeply Discounted Property Picks To Buy In Today's Market
Reviewing Orion Office REIT (NYSE:ONL) and Inovalis Real Estate Investment Trust (OTCMKTS:IVREF)
Orion Office REIT Q2 Earnings Call Highlights
Orion Properties Inc. (ONL) Q2 2026 Earnings Call Transcript
Orion Properties Inc. Announces Second Quarter 2026 Results
Headlines via Financial Modeling Prep; links open the original publisher in a new tab. Not an endorsement or investment advice.
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Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.