ONL
Orion Properties Inc.2.0600
-0.0500-2.37%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
116.01MP/E (TTM)
-Basic EPS (TTM)
-2.42Dividend Yield
0.08%Recent Filings
10-Q
8-K
8-K
Orion boosts FFO guidance post-leasing
Orion Properties Inc. reported Q2 2025 revenues of $37.3 million, down from $40.1 million last year, with a net loss of $25.1 million but Core FFO of $11.5 million ($0.20 per share). The company leased 179,000 square feet in the quarter, totaling 639,000 year-to-date, and sold four vacant properties for $26.9 million while advancing its shift to dedicated use assets. It declared a $0.02 quarterly dividend and raised 2025 Core FFO guidance to $0.67-$0.71 per share, lowering net debt to Adjusted EBITDA to 7.3x-8.3x. Sales hinge on buyer due diligence.
10-Q
Q2 FY2025 results
Orion Properties posted Q2 revenue of $37.3M, down 7.0% y/y from $40.1M but up 3.1% q/q (derived), as rental income dipped amid lease expirations yet stabilized occupancy at 76.8%. Gross margins held steady while operating losses narrowed to $17.9M from $24.6M y/y, thanks to lower depreciation and impairments, though net loss widened to $25.1M versus $33.8M y/y due to higher impairment charges exceeding $19.5M on troubled assets. Diluted EPS improved to -$0.45 from -$0.60 y/y, aligning with 56.3M shares. Cash stood at $17.4M with $240M revolver availability, but $110M debt matures May 2026 without extension options, fueling going concern doubts. Sales of four vacant properties fetched $26.9M, bolstering liquidity. Debt stays manageable at $483M. Vacancy risks loom large.
8-K
Stockholders approve equity plan expansion
Orion Properties Inc. stockholders approved the Amended 2021 Equity Incentive Plan on May 14, 2025, boosting the share pool from 3.7 million to 8.3 million to fuel employee and director incentives. This expansion aligns interests with shareholders, yet demands careful dilution management amid 56.2 million outstanding shares. The board stays steady.
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