A Business at a Glance
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Orion Properties Inc.
ONL
$146M
Mkt Cap
$2.60
+0.78%
Orion Properties Inc. (ONL) has a 5-year average return on invested capital (ROIC) of -6.8%. This is below average and may indicate limited pricing power.
Orion Properties Inc. (ONL) has a market capitalization of $148M. It is classified as a small-cap stock.
Yes, Orion Properties Inc. (ONL) pays a dividend with a trailing twelve-month yield of 6.14%.
Orion Properties Inc. (ONL) operates in the Real Estate Investment Trusts industry, within the Real Estate sector.
Orion Properties Inc. (ONL) reported annual revenue of $147 million in its most recent fiscal year, based on SEC EDGAR filings.
Orion Properties Inc. (ONL) has a net profit margin of -94.9%. The company is currently unprofitable.
Orion Properties Inc. (ONL) generated $8 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Orion Properties Inc. is an internally managed real estate investment trust (“REIT”) engaged in the ownership, acquisition, and management of a diversified portfolio of office properties located in high-quality suburban markets across the United States and leased primarily on a single-tenant net lease basis to creditworthy tenants. Our portfolio is comprised of traditional office properties, as well as governmental, medical office, flex/laboratory and R&D and flex/industrial properties. On March 5, 2025, we changed our name from Orion Office REIT Inc. to Orion Properties Inc. to better describe our broader investment strategy to shift our portfolio concentration over time away from traditional office properties, towards more dedicated use assets that have an office component.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 146M | 147M | 164M | 194M | 207M | - |
| Net Income | -144M | -139M | -103M | -57M | -97M | -47M |
| EPS | $-2.55 | $-2.48 | $-1.84 | $-1.02 | $-1.72 | $-0.84 |
| Free Cash Flow | -1.5M | 8.4M | 48M | 83M | 111M | 56M |
| ROIC | 0.0% | -11.9% | -7.9% | -4.0% | -6.1% | -4.2% |
| Gross Margin | - | 15.8% | 60.3% | 12.5% | 7.0% | - |
| Debt/Equity | 1.03 | 0.89 | 0.80 | 0.66 | 0.54 | 0.89 |
| Dividends/Share | $0.00 | $0.16 | $0.40 | $0.40 | $0.10 | - |
| Operating Income | 0 | -111M | -74M | -27M | -67M | -43M |
| Operating Margin | 0.0% | -75.7% | -45.0% | -14.0% | -32.4% | - |
| ROE | -23.6% | -20.1% | -12.5% | -6.2% | -9.5% | -6.0% |
| Shares Outstanding | 57M | 56M | 56M | 56M | 57M | 57M |
| Metric | ||||||||
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | N/A | 53M | N/A | 207M | 194M | 164M | 147M | 146M |
| Gross Margin | N/A | 5.8% | N/A | 7.0% | 12.5% | 60.3% | 15.8% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 2.0M | 2.1M | 3.8M | 16M | 19M | 20M | 20M | 21M |
| EBIT | 19M | 1.0M | -43M | -67M | -27M | -74M | -111M | 0 |
| Op. Margin | N/A | 1.9% | N/A | -32.4% | -14.0% | -45.0% | -75.7% | 0.0% |
| Net Income | 15M | -1.9M | -47M | -97M | -57M | -103M | -139M | -144M |
| Net Margin | N/A | -3.6% | N/A | -47.0% | -29.5% | -62.8% | -94.9% | -98.4% |
| Non-Recurring | 0 | 19M | 50M | 42M | 5.9M | 33M | 99M | 99M |
| Returns on Capital | ||||||||
| ROIC | N/A | 0.2% | -4.2% | -6.1% | -4.0% | -7.9% | -11.9% | 0.0% |
| ROE | N/A | -0.4% | -6.0% | -9.5% | -6.2% | -12.5% | -20.1% | -23.6% |
| ROA | 5458.6% | -0.7% | -4.1% | -5.9% | -3.8% | -7.5% | -11.1% | -12.1% |
| Cash Flow | ||||||||
| Op. Cash Flow | 40M | 42M | 56M | 114M | 89M | 54M | 24M | 18M |
| Free Cash Flow | 40M | 42M | 56M | 111M | 83M | 48M | 8.4M | -1.5M |
| Owner Earnings | 13M | 16M | 12M | -19M | -23M | -50M | -39M | -42M |
| CapEx | 0 | 0 | 286K | 3.2M | 6.5M | 5.8M | 15M | 20M |
| Maint. CapEx | 27M | 26M | 44M | 131M | 109M | 101M | 59M | 56M |
| Growth CapEx | N/A | N/A | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 27M | 26M | 44M | 131M | 109M | 101M | 59M | 56M |
| CapEx/OCF | N/A | N/A | 17.7% | 10.2% | 20.7% | 41.6% | N/A | 108.2% |
| Capital Allocation | ||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 23M | 22M | 9.0M | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | 7.6% | 11.2% | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 5.0M | 0 | 0 | 0 |
| Buyback Yield | 0.0% | N/A | N/A | N/A | 1.8% | N/A | 0.0% | 0.0% |
| Stock-Based Comp | 0 | 0 | 65K | 1.8M | 2.7M | 3.8M | 3.9M | 4.1M |
| Debt Repayment | 0 | 0 | 0 | 355M | 0 | 0 | 0 | 0 |
| Balance Sheet | ||||||||
| Net Debt | N/A | 37M | 942M | 509M | 565M | 595M | 535M | 614M |
| Cash & Equiv. | 0 | 0 | 29M | 21M | 22M | 16M | 22M | 10M |
| Long-Term Debt | N/A | 37M | 617M | 530M | 471M | 492M | 465M | 497M |
| Debt/Equity | N/A | 0.07 | 0.89 | 0.54 | 0.66 | 0.80 | 0.89 | 1.03 |
| Interest Coverage | 5.6 | 0.4 | -10.1 | -2.2 | -0.9 | -2.6 | -4.0 | -4.0 |
| Equity | N/A | 497M | 1.1B | 974M | 886M | 764M | 623M | 609M |
| Total Assets | 280K | 546M | 1.8B | 1.6B | 1.4B | 1.3B | 1.2B | 1.2B |
| Total Liabilities | N/A | 49M | 671M | 595M | 537M | 571M | 546M | 579M |
| Intangibles | N/A | 29M | 298M | 203M | 126M | 96M | 76M | 82M |
| Retained Earnings | N/A | 0 | -59M | -179M | -259M | -384M | -528M | -543M |
| Working Capital | 0 | N/A | N/A | N/A | N/A | N/A | 0 | -35M |
| Current Assets | 0 | N/A | N/A | N/A | N/A | N/A | 0 | 0 |
| Current Liabilities | N/A | N/A | N/A | N/A | 30M | 32M | 40M | 35M |
| Per Share Data | ||||||||
| EPS | 0.27 | -0.03 | -0.84 | -1.72 | -1.02 | -1.84 | -2.48 | -2.55 |
| Owner EPS | 0.23 | 0.26 | 0.21 | -0.33 | -0.40 | -0.90 | -0.70 | -0.74 |
| Book Value | N/A | 7.85 | 19.23 | 17.19 | 15.76 | 13.65 | 11.09 | 10.71 |
| Cash Flow/Share | 0.71 | 0.67 | 0.99 | 2.02 | 1.59 | 0.97 | 0.42 | -1.54 |
| Dividends/Share | N/A | N/A | N/A | 0.10 | 0.40 | 0.40 | 0.16 | 0.00 |
| Shares Out. | 56.6M | 63.3M | 56.5M | 56.7M | 56.2M | 56.0M | 56.2M | 56.8M |
| Valuation | ||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -1.0 |
| P/FCF | N/A | N/A | 14.9 | 3.4 | 3.4 | 4.1 | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | N/A | 0.8 | 0.4 | 0.3 | 0.3 | N/A | 0.2 |
| Price/Sales | N/A | N/A | 10.2 | 2.6 | 1.5 | 1.2 | N/A | 1.0 |
| FCF Yield | N/A | N/A | 6.7% | 29.1% | 29.1% | 24.6% | N/A | -1.0% |
| Market Cap | 0 | N/A | 834M | 381M | 284M | 197M | 0 | 148M |
| Avg. Price | 0.00 | N/A | 14.38 | 9.71 | 5.30 | 3.56 | 0.00 | 2.60 |
| Year-End Price | 0.00 | N/A | 14.76 | 6.72 | 5.06 | 3.52 | 0.00 | 2.60 |
Orion Properties Inc. passes 2 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 4.6x vs a median of 3.8x. The company's 5-year average gross margin is 23.9%. Total shareholder yield (dividends) is 6.1%. At current prices, the estimated annualized return to fair value is -4.6%.
Orion Properties Inc. (ONL) has a debt-to-equity ratio of 0.89. This indicates moderate leverage.
Orion Properties Inc. (ONL) reported earnings per share (EPS) of $-2.48 in its most recent fiscal year.
Orion Properties Inc. (ONL) has a return on equity (ROE) of -20.1%. A negative ROE may indicate losses or negative equity.
Orion Properties Inc. (ONL) has a 5-year average gross margin of 23.9%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 7 years of financial data for Orion Properties Inc. (ONL), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Orion Properties Inc. (ONL) has a book value per share of $11.09, based on its most recent annual SEC filing.