Orion Properties Inc. (ONL)

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.

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.

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 second quarter ended June 30, 2025. Paul McDowell, Orion's Chief Executive Officer, commented, “We are effectively executing on our key priorities - leasing and no.

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 in ONL's intrinsic value, which I conservatively estimate to be much higher than the current share price. ONL's repositioning, asset sales, and re-tenanting efforts are set to boost cash flow and support a future dividend reinstatement.

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 acquisition proposal to acquire all of the outstanding shares of Orion for $2.75 per share in cash submitted by Kawa Capital Management on July 17, 2025, is not in the best interests of Orion's stockholders. This determination follows a review process conducted by the Orion Board in consultation with its i.

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 Management, Inc. (“Kawa”) to potentially acquire all of the outstanding shares of common stock of the Company not already owned by Kawa for cash consideration of $2.75 per share. Kawa previously submitted a proposal on June 20, 2025, to acquire the Company's outstanding shares of common stock for cash co.

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

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 acquire all of the outstanding shares of Orion for $2.50 per share in cash submitted by Kawa Capital Management on June 20, 2025, is not in the best interests of Orion's stockholders. This determination follows a review process conducted by the Orion Board in consultation with its independent financial.

U.S. equity markets surged to fresh record-highs as investors cheered a confluence of positive headlines: a temporary ceasefire in the Middle East, productive trade talks, and progress on tax cuts. Oil prices tumbled after the U.S. destroyed a trio of Iranian nuclear facilities in a formidable and decisive show of force, eliciting a ceasefire between Israel and Iran. Traders priced in additional rate cuts as tumbling oil prices and economic data that remains devoid of meaningful inflation prompted dovish dissents from several Fed officials.

PHOENIX--(BUSINESS WIRE)--Orion Properties Inc. (NYSE: ONL) (“Orion” or the “Company”) confirmed its receipt today of an unsolicited, non-binding indication of interest from Kawa Capital Management, Inc. (“Kawa”) to potentially acquire all of the outstanding shares of common stock of the Company not already owned by Kawa for cash consideration of $2.50 per share. Kawa currently beneficially owns 5,474,027 of the outstanding shares of the Company's common stock, or approximately 9.7%, based on i.

US equity markets rallied this week, capping off the best monthly gains since November 2023, as investors weighed encouraging inflation data against a whipsaw of court rulings on tariffs. Extending the on-again-off-again tariff saga, a trade court ruled that the tariffs were procedurally invalid, but an Appeals court paused the block, likely sending the decision to the Supreme Court. Rebounding from declines of 2.6% last week, the S&P 500 rallied 1.8% this week, closing within 4% of its February record highs.

Office REITs like ONL are deeply out of favor, but supply-demand dynamics and low new construction support a bullish long-term thesis. ONL's Q1 2025 shows slight occupancy improvement, but high capital expenditures and negative dividend coverage remain for now. Management is aggressively leasing and selling assets, but it is coming at a price.

Orion Properties is an office REIT pivoting towards flex, laboratory, medical, and governmental properties. Core FFO improved Q/Q, helped by lower administrative and interest expenses. Occupancy was also higher by 1.5% Q/Q, helped by elevated capex. Even so, Core FFO remains well below prior-year levels, impacted by past net operating income declines.

When Your REIT Will Cut Its Dividend

Orion Office REIT Inc. (NYSE:ONL ) Q1 2025 Earnings Conference Call May 8, 2025 10:00 AM ET Company Participants Paul Hughes - General Counsel Paul McDowell - CEO Gavin Brandon - CFO Gary Landriau - CIO Conference Call Participants Mitch Germain - Citizens Capital Markets Operator Greetings. Welcome to Orion Properties' First Quarter 2025 Earnings Call.