Orion Office REIT

ONL

Market cap $123M

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, could derail the recovery.

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 purported to nominate five candidates to stand for election to Orion's Board of Directors at the Company's 2026 annual meeting, is invalid. Orion's Board of Directors reviewed Kawa's notice and has unanimously determined that the submission did not meet several requirements set forth in Orion's byl.

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 individuals to stand for election to the Orion Board of Directors at the Company's 2026 Annual Meeting of Stockholders. The Board's Nominating and Corporate Governance Committee will review the proposed nominees in accordance with the Company's process and guidelines. The Board will make its formal r.

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 continue to pressure Funds Available for Distribution, and management itself states it does not expect to generate sufficient operating cash flow to repay the revolver — further amplifying the going-concern. The newly filed $750 million mixed shelf — over five times ONL's market cap — signals potential massive dilution, making the stock effectively uninvestable until refinancing is resolved.

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 - Executive VP, CFO & Treasurer Conference Call Participants Mitch Germain - Citizens JMP Securities, LLC, Research Division Presentation Operator Greetings, and welcome to Orion Properties Third Quarter 2025 Earnings Call. As a reminder, this conference is being recorded.

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 lease office properties including dedicated use assets located across the United States, announced today its operating results for the quarter ended September 30, 2025. Paul McDowell, Orion's Chief Executive Officer, commented, “We continued to advance on our key priorities during the quarter, wit.

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 dividends.

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 office properties including dedicated use assets located across the United States, announced today that it will release its operating results for the third quarter ended September 30, 2025 after market close on Thursday, November 6, 2025. Webcast and Conference Call Information Orion will host a webc.

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 leasing costs remain a near-term headwind for dividend growth. With further gains in occupancy and expense discipline, ONL could be well-positioned for a re-rating once the office market stabilizes.

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, although Core FFO did increase Q/Q. The REIT also made progress on asset disposals. The company increased its full-year outlook, although it still entails a slowdown in Core FFO generation in Q3-Q4 2025.