8-K Announcements
6Material company update
Mar 5, 2026·SEC
Material company update
Feb 19, 2026·SEC
Material company update
Jan 26, 2026·SEC
Orion Properties Inc.(ONL)Earnings, Financials & Key Ratios
ONL•NYSE•REIT / Real Estate
$2.90
$163M mkt cap·Price updated May 6, 2026
AboutOrion Properties Inc. 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.Show more
- Revenue$148M-10.4%
- FFO-$81M-3575.3%
- FFO/Share-1.43-3553.8%
- FFO Payout0%+100.0%
- FFO per Share-1.43-3553.8%
- NOI Margin56.09%-7.3%
- FFO Margin-54.56%-4003.8%
- ROE-20.05%-60.8%
- ROA-11.11%-48.9%
- Book Value/Share11.11-18.9%
ONL Key Insights
Orion Properties Inc. (ONL) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Trading near 52-week high
- ✓Trading at only 0.3x book value
✗Weaknesses
- ✗Weak Piotroski F-Score: 3/9
- ✗FFO declining 3575.3% TTM
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
ONL Price & Volume
Orion Properties Inc. (ONL) stock price & volume — 10-year historical chart
Loading chart...
ONL Growth Metrics
Orion Properties Inc. (ONL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years22.52%
3 Years-10.81%
TTM-10.44%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-35.24%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-35.33%
Return on Capital
10 Years0.02%
5 Years-1.35%
3 Years-2.98%
Last Year-7.7%
ONL Recent Earnings
Orion Properties Inc. (ONL) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 0/12 qtrs (0%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
Mar 5, 2026EPS
$0.64
Est $0.13
-392.3%
Revenue
$35M
Est $36M
-2.4%
Q4 2025
Nov 6, 2025EPS
$1.23
Est $0.13
-846.2%
Revenue
$37M
Est $36M
+2.6%
Q3 2025
Aug 6, 2025EPS
$0.45
Revenue
$37M
Est $37M
+2.2%
Q2 2025
May 7, 2025EPS
$0.17
Revenue
$38M
Est $37M
+1.6%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 5, 2026 | $0.64vs $0.13-392.3% | $35Mvs $36M-2.4% |
| Q4 2025 | Nov 6, 2025 | $1.23vs $0.13-846.2% | $37Mvs $36M+2.6% |
| Q3 2025 | Aug 6, 2025 | $0.45 | $37Mvs $37M+2.2% |
| Q2 2025 | May 7, 2025 | $0.17 | $38Mvs $37M+1.6% |
Based on last 12 quarters of dataView full earnings history →
ONL Peer Comparison
Orion Properties Inc. (ONL) competitors in Single-Tenant and Government Office REITs — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 HIW | 2.85B | 25.82 | 17.81 | -2.39% | 11.4% | 3.76% | 1.49 | |
 PDM | 1.06B | 8.45 | -12.61 | -0.93% | -20.46% | -5.7% | 1.52 | |
 DEA | 1.08B | 23.29 | 80.31 | 11.27% | 4.27% | 1.07% | 1.23 | |
 PGRE | 1.46B | 6.60 | -31.43 | 1.97% | -13.47% | -2.39% | 0.92 | |
 VRE | 1.78B | 18.95 | 23.69 | 6.4% | 24.19% | 5.59% | 1.07 | |
 BXP | 9.5B | 59.84 | 34.39 | 2.19% | 7.95% | 3.58% | 2.26 | |
 SLG | 3.18B | 44.71 | -28.12 | 41.96% | -8.99% | -2.03% | 1.82 | |
 KRC | 4.16B | 35.09 | 15.13 | -2.02% | 24.81% | 4.91% | 0.86 |
Compare ONL vs Peers
Orion Properties Inc. (ONL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ONL Income Statement
Orion Properties Inc. (ONL) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|
| Revenue | 53.47M | 53.47M | 79.73M | 208.12M | 195.04M | 164.86M | 147.65M |
| Revenue Growth % | - | 0.02% | 49.1% | 161.03% | -6.28% | -15.47% | -10.44% |
| Property Operating Expenses | 5.9M | 5.77M | 13.41M | 61.52M | 60.78M | 65.15M | 64.83M |
| Net Operating Income (NOI) | 47.57M▲ 0% | 47.7M▲ 0.3% | 66.32M▲ 39.0% | 146.6M▲ 121.0% | 134.26M▼ 8.4% | 99.71M▼ 25.7% | 82.82M▼ 16.9% |
| NOI Margin % | 88.97% | 89.21% | 83.18% | 70.44% | 68.84% | 60.48% | 56.09% |
| Operating Expenses | 28.97M | 28M | 47.75M | 147.28M | 127.83M | 120.91M | 179.33M |
| G&A Expenses | 2.04M | 2.05M | 3.83M | 15.91M | 18.72M | 20.09M | 20.31M |
| EBITDA | 45.52M | 45.65M | 62.49M | 130.69M | 115.54M | 79.62M | -37.77M |
| EBITDA Margin % | 85.15% | 85.37% | 78.37% | 62.8% | 59.24% | 48.29% | -25.58% |
| Depreciation & Amortization | 26.92M | 25.95M | 43.92M | 131.37M | 109.11M | 100.82M | 58.75M |
| D&A / Revenue % | 50.36% | 48.53% | 55.09% | 63.12% | 55.94% | 61.15% | 39.79% |
| Operating Income | 18.6M▲ 0% | 19.7M▲ 5.9% | 18.57M▼ 5.8% | -676K▼ 103.6% | 6.43M▲ 1050.7% | -21.2M▼ 429.9% | -96.51M▼ 355.2% |
| Operating Margin % | 34.79% | 36.85% | 23.29% | -0.32% | 3.3% | -12.86% | -65.37% |
| Interest Expense | 3.32M | 2.93M | 4.27M | 30.17M | 29.67M | 32.64M | -31.52M |
| Interest Coverage | 5.61x | 6.72x | 4.35x | -0.02x | 0.22x | -0.65x | - |
| Non-Operating Income | 0 | 18.67M | 61.61M | 66.42M | 33.61M | 48.92M | 0 |
| Pretax Income | 15.28M▲ 0% | -1.9M▼ 112.4% | -47.31M▼ 2391.2% | -97.26M▼ 105.6% | -56.85M▲ 41.5% | -102.76M▼ 80.7% | -139.57M▼ 35.8% |
| Pretax Margin % | 28.59% | -3.55% | -59.33% | -46.73% | -29.15% | -62.33% | -94.53% |
| Income Tax | 0 | 0 | 157K | 212K | 456K | 214K | -259K |
| Effective Tax Rate % | 0% | 0% | -0.33% | -0.22% | -0.8% | -0.21% | 0.19% |
| Net Income | 15.28M▲ 0% | -1.9M▼ 112.4% | -47.48M▼ 2400.3% | -97.49M▼ 105.3% | -57.3M▲ 41.2% | -103.01M▼ 79.8% | -139.31M▼ 35.2% |
| Net Margin % | 28.59% | -3.55% | -59.55% | -46.85% | -29.38% | -62.48% | -94.35% |
| Net Income Growth % | - | -112.42% | -2400.32% | -105.33% | 41.23% | -79.77% | -35.24% |
| Funds From Operations (FFO) | 42.21M▲ 0% | 24.05M▼ 43.0% | -3.56M▼ 114.8% | 33.87M▲ 1051.8% | 51.81M▲ 53.0% | -2.19M▼ 104.2% | -80.56M▼ 3575.3% |
| FFO Margin % | 78.94% | 44.98% | -4.46% | 16.28% | 26.56% | -1.33% | -54.56% |
| FFO Growth % | - | -43.02% | -114.8% | 1051.76% | 52.95% | -104.23% | -3575.32% |
| FFO per Share | 0.78 | 0.44 | -0.06 | 0.60 | 0.92 | -0.04 | -1.43 |
| FFO Payout Ratio % | 89.13% | 37.37% | -16497.78% | 50.16% | 43.58% | -1019.84% | 0% |
| EPS (Diluted) | 0.22▲ 0% | -0.09▼ 140.5% | -0.79▼ 785.7% | -1.72▼ 117.7% | -1.02▲ 40.7% | -1.84▼ 80.4% | -2.48▼ 34.8% |
| EPS Growth % | - | -140.55% | -785.65% | -117.72% | 40.7% | -80.39% | -34.78% |
| EPS (Basic) | 0.22 | -0.09 | -0.79 | -1.72 | -1.02 | -1.84 | -2.48 |
| Diluted Shares Outstanding | 54.17M | 54.17M | 56.63M | 56.63M | 56.41M | 55.9M | 56.23M |
ONL Balance Sheet
Orion Properties Inc. (ONL) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|
| Total Assets | 592.2M | 546.43M | 1.76B | 1.57B | 1.42B | 1.34B | 1.17B |
| Asset Growth % | - | -7.73% | 221.99% | -10.71% | -9.37% | -6.15% | -12.42% |
| Real Estate & Other Assets | 0 | 497.88M | 1.36B | 1.25B | 1.17B | 1.11B | 0 |
| PP&E (Net) | 541.78M | 7.63M | 30.96M | 26.42M | 26.6M | 22.22M | 0 |
| Investment Securities | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 0 |
| Total Current Assets | 13.04M | 12.24M | 50.96M | 80.76M | 83.18M | 91.81M | 57.7M |
| Cash & Equivalents | 0 | 0 | 29.32M | 20.64M | 22.47M | 15.6M | 22.36M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 4.78M | 3.92M | 0 | 37.17M | 34.73M | 51.24M | 0 |
| Intangible Assets | 37.38M | 28.68M | 298.11M | 202.83M | 126.36M | 95.94M | 75.95M |
| Total Liabilities | 84.2M | 49.31M | 671.19M | 595.22M | 536.93M | 571.17M | 545.99M |
| Total Debt | 70.14M | 44.27M | 809.95M | 540.05M | 476.93M | 510.82M | 0 |
| Net Debt | 70.14M | 44.27M | 780.63M | 519.41M | 454.46M | 495.22M | -22.36M |
| Long-Term Debt | 38.16M | 37.05M | 172.49M | 352.17M | 352.86M | 371.22M | 0 |
| Short-Term Borrowings | 31.99M | 0 | 616.85M | 173.81M | 116M | 119M | 0 |
| Capital Lease Obligations | 0 | 7.22M | 20.61M | 14.07M | 8.07M | 20.6M | 0 |
| Total Current Liabilities | 32.91M | 848K | 634.23M | 205.64M | 152.06M | 156.22M | 0 |
| Accounts Payable | 921K | 12K | 1.8M | 1.79M | 1.61M | 1.16M | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 13.13M | 4.19M | -156.13M | 23.34M | 23.94M | 23.13M | 0 |
| Total Equity | 508.01M▲ 0% | 497.12M▼ 2.1% | 1.09B▲ 118.9% | 975.86M▼ 10.3% | 887M▼ 9.1% | 765.26M▼ 13.7% | 624.51M▼ 18.4% |
| Equity Growth % | - | -2.14% | 118.92% | -10.33% | -9.11% | -13.73% | -18.39% |
| Shareholders Equity | 508.01M | 497.12M | 1.09B | 974.47M | 885.62M | 763.92M | 623.21M |
| Minority Interest | 0 | 0 | 1.37M | 1.39M | 1.38M | 1.34M | 1.3M |
| Common Stock | 508.01M | 0 | 57K | 57K | 56K | 56K | 56K |
| Additional Paid-in Capital | 0 | 0 | 1.15B | 1.15B | 1.14B | 1.15B | 0 |
| Retained Earnings | 0 | 0 | -58.72M | -178.91M | -258.81M | -384.35M | -528.48M |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | 2.58% | -0.33% | -4.12% | -5.85% | -3.83% | -7.46% | -11.11% |
| Return on Equity (ROE) | 3.01% | -0.38% | -5.99% | -9.45% | -6.15% | -12.47% | -20.05% |
| Debt / Assets | 11.84% | 8.1% | 46.03% | 34.37% | 33.49% | 38.22% | - |
| Debt / Equity | 0.14x | 0.09x | 0.74x | 0.55x | 0.54x | 0.67x | - |
| Net Debt / EBITDA | 1.54x | 0.97x | 12.49x | 3.97x | 3.93x | 6.22x | - |
| Book Value per Share | 9.38 | 9.18 | 19.22 | 17.23 | 15.72 | 13.69 | 11.11 |
ONL Cash Flow Statement
Orion Properties Inc. (ONL) cash flow — operating, investing & free cash flow history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|
| Cash from Operations | 39.99M | 42.33M | 56.11M | 114.23M | 89.09M | 54.26M | 23.58M |
| Operating CF Growth % | - | 5.83% | 32.56% | 103.59% | -22.01% | -39.09% | -56.55% |
| Operating CF / Revenue % | 74.8% | 79.15% | 70.37% | 54.89% | 45.68% | 32.91% | 15.97% |
| Net Income | 15.28M | -1.9M | -47.46M | -97.47M | -57.3M | -102.98M | -139.29M |
| Depreciation & Amortization | 26.92M | 25.95M | 43.92M | 131.37M | 109.11M | 100.82M | 58.75M |
| Stock-Based Compensation | 0 | 0 | 65K | 1.76M | 2.73M | 3.76M | 3.9M |
| Other Non-Cash Items | -1.23M | 17.85M | -647K | 69.53M | 32.01M | 53.24M | 100.22M |
| Working Capital Changes | -986K | 422K | 6.54M | 9.05M | 2.54M | -577K | 0 |
| Cash from Investing | -536K | -464K | -12.26M | 22.48M | 5.29M | -51.26M | 16.78M |
| Acquisitions (Net) | 0 | 0 | -2.35M | 2.25M | 0 | 987K | 0 |
| Purchase of Investments | 0 | 0 | -2.48M | -34.1M | 0 | 0 | 0 |
| Sale of Investments | 0 | 0 | 133K | 1000K | 0 | 0 | 0 |
| Other Investing | 0 | 0 | 2.35M | 31.85M | 23.73M | -29.67M | 16.78M |
| Cash from Financing | -38.59M | -41.67M | -18.44M | -110.72M | -92.49M | -3.02M | -36.89M |
| Dividends Paid | -37.62M | -8.99M | -587.16M | -16.99M | -22.58M | -22.36M | 0 |
| Common Dividends | -37.62M | -8.99M | -587.16M | -16.99M | -22.58M | -22.36M | 0 |
| Debt Issuance (Net) | -968K | -1000K | 1000K | -1000K | -1000K | 1000K | 0 |
| Share Repurchases | 0 | 0 | 0 | -20K | -5.11M | -170K | -475K |
| Other Financing | 0 | 0 | -10.51M | -583K | -5.8M | -1.5M | -36.89M |
| Net Change in Cash | 869K▲ 0% | 196K▼ 77.4% | 25.4M▲ 12860.7% | 25.99M▲ 2.3% | 1.89M▼ 92.7% | -28K▼ 101.5% | 0▲ 100.0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 2.85M | 3.72M | 3.92M | 29.32M | 55.31M | 57.2M | 0 |
| Cash at End | 3.72M | 3.92M | 29.32M | 55.31M | 57.2M | 57.17M | 0 |
| Free Cash Flow | 39.46M▲ 0% | 41.86M▲ 6.1% | 46.19M▲ 10.3% | 102.61M▲ 122.1% | 70.65M▼ 31.1% | 31.68M▼ 55.2% | 23.58M▼ 25.6% |
| FCF Growth % | - | 6.1% | 10.34% | 122.13% | -31.15% | -55.15% | -25.59% |
| FCF / Revenue % | 73.8% | 78.29% | 57.93% | 49.3% | 36.22% | 19.22% | 15.97% |
ONL Key Ratios
Orion Properties Inc. (ONL) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| FFO per Share | 0.78 | 0.44 | -0.06 | 0.6 | 0.92 | -0.04 | -1.43 |
| FFO Payout Ratio | 89.13% | 37.37% | -16497.78% | 50.16% | 43.58% | -1019.84% | 0% |
| NOI Margin | 88.97% | 89.21% | 83.18% | 70.44% | 68.84% | 60.48% | 56.09% |
| Net Debt / EBITDA | 1.54x | 0.97x | 12.49x | 3.97x | 3.93x | 6.22x | - |
| Debt / Assets | 11.84% | 8.1% | 46.03% | 34.37% | 33.49% | 38.22% | - |
| Interest Coverage | 5.61x | 6.72x | 4.35x | -0.02x | 0.22x | -0.65x | - |
| Book Value / Share | 9.38 | 9.18 | 19.22 | 17.23 | 15.72 | 13.69 | 11.11 |
| Revenue Growth | - | 0.02% | 49.1% | 161.03% | -6.28% | -15.47% | -10.44% |
ONL SEC Filings & Documents
Orion Properties Inc. (ONL) SEC filings — annual & quarterly reports (10-K, 10-Q)
ONL Frequently Asked Questions
Orion Properties Inc. (ONL) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Orion Properties Inc. (ONL) reported $147.6M in revenue for fiscal year 2025. This represents a 176% increase from $53.5M in 2019.
Orion Properties Inc. (ONL) saw revenue decline by 10.4% over the past year.
Orion Properties Inc. (ONL) reported a net loss of $139.3M for fiscal year 2025.
Dividend & Returns
Orion Properties Inc. (ONL) has a return on equity (ROE) of -20.0%. Negative ROE indicates the company is unprofitable.
Industry Metrics
Orion Properties Inc. (ONL) generated Funds From Operations (FFO) of $-80.6M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Explore More ONL
Orion Properties Inc. (ONL) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates