Orion Properties Inc. (ONL)

NYSE: ONL · Real-Time Price · USD
2.490
-0.070 (-2.73%)
At close: Feb 27, 2026, 4:00 PM EST
2.505
+0.015 (0.60%)
After-hours: Feb 27, 2026, 7:00 PM EST
-2.73%
Market Cap 140.22M
Revenue (ttm) 149.78M
Net Income (ttm) -136.26M
Shares Out 56.31M
EPS (ttm) -2.43
PE Ratio n/a
Forward PE n/a
Dividend $0.08 (3.13%)
Ex-Dividend Date Dec 31, 2025
Volume 229,583
Open 2.540
Previous Close 2.560
Day's Range 2.490 - 2.540
52-Week Range 1.460 - 4.250
Beta 1.41
Analysts Buy
Price Target 3.00 (+20.48%)
Earnings Date Mar 5, 2026

About ONL

Orion Office REIT specializes in the ownership, acquisition and management of a diversified portfolio of mission-critical and corporate headquarters office buildings in high-quality suburban markets across the U.S. The portfolio is leased primarily on a single-tenant net lease basis to creditworthy tenants. The company’s team of experienced industry leaders employs a proven, cycle-tested investment evaluation framework which serves as the lens through which capital allocation decisions are made for the current portfolio and future acquisitions. [Read more]

Industry REIT - Office
Sector Real Estate
Founded 2021
Employees 40
Stock Exchange NYSE
Ticker Symbol ONL
Full Company Profile

Financial Performance

In 2024, Orion Properties's revenue was $164.12 million, a decrease of -15.66% compared to the previous year's $194.61 million. Losses were -$103.01 million, 79.8% more than in 2023.

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for ONL stock is "Buy." The 12-month stock price target is $3.0, which is an increase of 20.48% from the latest price.

Price Target
$3.0
(20.48% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Orion Properties Inc. Positioned For Continued Business Plan Execution With New $215 Million Revolving Facility and Extension of $355 Million CMBS Loan

PHOENIX--(BUSINESS WIRE)--Orion Properties Inc. (“Orion” or the “Company”) (NYSE: ONL) today announced that it has entered into a new $215 million senior secured revolving credit facility and extended...

9 days ago - Business Wire

Orion Properties Inc. Announces Tax Treatment of 2025 Dividends

PHOENIX--(BUSINESS WIRE)--Orion Properties Inc. (NYSE: ONL) (“Orion” or the “Company”), a fully-integrated real estate investment trust (“REIT”) which owns a diversified portfolio of single-tenant net...

4 weeks ago - Business Wire

Orion Properties: Strategic Alternatives Take Center Stage

Orion Properties: Strategic Alternatives Take Center Stage

4 weeks ago - Seeking Alpha

Orion Properties Announces Strategic Options Review Process to Maximize Stockholder Value

PHOENIX--(BUSINESS WIRE)--Orion Properties Inc. (“Orion” or the “Company”) (NYSE: ONL) today announced a strategic options review process and a cooperation agreement (the “Cooperation Agreement”) sign...

4 weeks ago - Business Wire

Orion Properties Inc. Announces Fourth Quarter and Full Year 2025 Earnings Release and Webcast Dates

PHOENIX--(BUSINESS WIRE)--Orion Properties Inc. (NYSE: ONL) (“Orion” or the “Company”), a fully-integrated real estate investment trust (“REIT”) which owns a diversified portfolio of single-tenant net...

6 weeks ago - Business Wire

Don't Be Fooled By These REITs In 2026

Not all REITs are worth buying. In fact, some of them are facing severe difficulties. I highlight which REITs to avoid going into 2026.

Other symbols: ABNBAHRGNLGOODNNNOVNQ
7 weeks ago - Seeking Alpha

REIT Dividend Traps To Avoid In 2026

Alexandria's recent dividend cut came as a surprise to many of us. I expect many more bad surprises in 2026. Avoid these REITs to protect your portfolio.

Other symbols: ADCAREBXPGNLGOODHSTNNN
2 months ago - Seeking Alpha

Orion Properties: About That Going Concern Statement

Orion Properties faces elevated risk due to a going concern statement. Management has considerable experience in turnarounds and asset sales. Macro risks, especially political and economic uncertainty...

3 months ago - Seeking Alpha

Orion Properties Announces that Director Nomination Notice from Kawa is Invalid

PHOENIX--(BUSINESS WIRE)--Orion Properties Inc. (NYSE: ONL) (“Orion” or the “Company”) today announced that the notice submitted by The Kawa Fund Limited (together with its affiliates, “Kawa”), which ...

3 months ago - Business Wire

Orion Properties Confirms Receipt of Director Nominees

PHOENIX--(BUSINESS WIRE)--Orion Properties Inc. (NYSE: ONL) (“Orion” or the “Company”) today confirmed that it has received notice from Kawa Capital Management (“Kawa”) that Kawa has nominated five in...

3 months ago - Business Wire

Orion Properties: The 'Going Concern' Warning Just Became Impossible To Overlook

ONL's latest 10-Q includes explicit going-concern language, as the company still has no agreement to extend or refinance its revolver that matures in May 2026. Elevated CapEx and leasing costs continu...

3 months ago - Seeking Alpha

Orion Properties Inc. (ONL) Q3 2025 Earnings Call Transcript

Orion Properties Inc. ( ONL) Q3 2025 Earnings Call November 7, 2025 10:00 AM EST Company Participants Paul Hughes - General Counsel & Secretary Paul McDowell - CEO, President & Director Gavin Brandon...

4 months ago - Seeking Alpha

Orion Properties Inc. Announces Third Quarter 2025 Results

PHOENIX--(BUSINESS WIRE)--Orion Properties Inc. (NYSE: ONL) (“Orion” or the “Company”), a fully-integrated real estate investment trust (“REIT”) which owns a diversified portfolio of single-tenant net...

4 months ago - Business Wire

The Next REITs That Could Potentially Cut Dividends (My Predictions)

REIT dividend cuts often lead to significant losses. Unfortunately, quite a few REITs likely won't sustain their dividends. I identify popular high-yielding REITs that are at risk of cutting their div...

Other symbols: CTOGOODOLPVNQ
4 months ago - Seeking Alpha

Orion Properties Inc. Announces Third Quarter 2025 Earnings Release and Webcast Dates

PHOENIX--(BUSINESS WIRE)--Orion Properties Inc. (NYSE: ONL) (“Orion” or the “Company”), a fully-integrated real estate investment trust which owns a diversified portfolio of single-tenant net lease of...

5 months ago - Business Wire

Orion Properties: Patience Pays Off Big When Mr. Market Looks The Other Way

Orion Properties (ONL) is progressing through its turnaround, with occupancy climbing and portfolio quality improving as non-core assets are sold. Cash flow is stabilizing, but elevated CapEx and leas...

5 months ago - Seeking Alpha

Orion Properties: Recent Takeover Interest Confirms Value Opportunity

Orion Properties Inc. is an office REIT diversifying from traditional office to government, medical office, flex/lab, research & development and flex/industrial assets. ONL reported lower Core FFO Y/Y...

6 months ago - Seeking Alpha

Orion Properties Inc. (ONL) Q2 2025 Earnings Call Transcript

Orion Properties Inc. (NYSE:ONL) Q2 2025 Earnings Conference Call August 7, 2025 10:00 AM ET Company Participants Gavin B. Brandon - Executive VP, CFO & Treasurer Paul C.

7 months ago - Seeking Alpha

Orion Properties Inc. Announces Second Quarter 2025 Results

PHOENIX--(BUSINESS WIRE)--Orion Properties Inc. (NYSE: ONL) (“Orion” or the “Company”), a fully-integrated real estate investment trust (“REIT”) which owns a diversified portfolio of single-tenant net...

7 months ago - Business Wire

Behind The (Revised) Curve

U.S. equity markets fell sharply this week, while benchmark interest rates retreated to three-month lows, after revised employment data showed that job growth was far weaker than initially reported. T...

Other symbols: AGGAGNCAHTAMHAMTAREAVB
7 months ago - Seeking Alpha

Why Orion Properties Might Be The Most Undervalued Office REIT In 2025

Orion Properties is extremely undervalued, trading below even a low-ball acquisition offer, creating a compelling pre-earnings opportunity. Management's rejection of takeover bids signals confidence i...

7 months ago - Seeking Alpha

Orion Properties Board of Directors Unanimously Rejects Revised Proposal from Kawa Capital Management

PHOENIX--(BUSINESS WIRE)--Orion Properties Inc. (NYSE: ONL) (“Orion” or the “Company”) today announced that the Company's Board of Directors unanimously concluded that the revised non-binding acquisit...

7 months ago - Business Wire

Orion Properties Inc. Confirms Receipt of Revised Unsolicited Non-Binding Indication of Interest from Kawa Capital Management

PHOENIX--(BUSINESS WIRE)--Orion Properties Inc. (NYSE: ONL) (“Orion” or the “Company”) confirmed its receipt today of a revised unsolicited, non-binding indication of interest from Kawa Capital Manage...

8 months ago - Business Wire

Orion Properties Inc. Announces Second Quarter 2025 Earnings Release and Webcast Dates

PHOENIX--(BUSINESS WIRE)--Orion Properties Inc. Announces Second Quarter 2025 Earnings Release and Webcast Dates.

8 months ago - Business Wire

Orion Properties Board of Directors Unanimously Rejects Unsolicited Proposal from Kawa Capital Management

PHOENIX--(BUSINESS WIRE)--Orion Properties Inc. (NYSE: ONL) (“Orion” or the “Company”) today announced that the Company's Board of Directors unanimously concluded that the acquisition proposal to acqu...

8 months ago - Business Wire