ONL · Orion Properties Inc.

Summary

Orion Properties Inc. announced its fourth quarter and full year 2025 results, reporting a full year net loss of $(139.3) million and Core FFO of $43.7 million. The Company disclosed significant portfolio activity including 924,000 square feet of leasing, $80.7 million in property dispositions, and a strategic review process initiated on January 26, 2026.

Key takeaways

• Full year 2025 total revenues were $147.6 million, a decrease from $164.9 million in 2024.
• Net loss attributable to common stockholders for the full year 2025 was $(139.3) million, or $(2.48) per share, compared to $(103.0) million, or $(1.84) per share in 2024.
• The Company sold 10 properties in 2025 for an aggregate gross sales price of $80.7 million and acquired one Dedicated Use Asset in Northbrook, Illinois for $15.0 million in February 2026.
• On March 4, 2026, the Board declared a quarterly cash dividend of $0.02 per share payable on April 15, 2026.
• The Company provided 2026 guidance for Core FFO per share in the range of $0.69 to $0.76.
• A strategic options review process was announced on January 26, 2026, which may include a potential sale of the Company.