Orion Properties (NYSE: ONL) reported Q4 2025 total revenues of USD 35.2 million (-8.3%) and a net loss attributable to common stockholders of USD 35.8 million, or USD 0.64 per share. Funds from Operations (FFO) was USD 0.1 million, or no FFO per diluted share, while Core FFO was USD 10.6 million, or USD 0.19 per diluted share. Q4 2025 EBITDA was USD -14.2 million, with EBITDAre of USD 8.2 million and Adjusted EBITDA of USD 16.1 million. For FY 2025, total revenues were USD 147.6 million (-10.5%) and net loss attributable to common stockholders was USD 139.3 million, or USD 2.48 per share. FY 2025 FFO was USD 24.3 million, or USD 0.43 per diluted share, and Core FFO was USD 43.7 million, or USD 0.78 per diluted share. FY 2025 EBITDA was USD -44.8 million, with EBITDAre of USD 58.3 million and Adjusted EBITDA of USD 69.0 million. Orion said it completed more than 900,000 square feet of leasing in 2025, totaling 924,000 square feet across 14 properties with a weighted average lease term of 7.5 years, and highlighted portfolio repositioning through dispositions: three property sales in Q4 2025 for USD 32.0 million and 10 property sales in FY 2025 for USD 80.7 million. Subsequent to year-end, Orion acquired a 75,000 square foot Dedicated Use Asset in Northbrook, Illinois for USD 15.0 million, fully leased to a single tenant through December 2036. As of Dec. 31, 2025, occupancy was 78.7% and Annualized Base Rent was USD 111.3 million, with 66.7% from investment-grade tenants and 35.8% from Dedicated Use Assets. The board declared a Q1 2026 dividend of USD 0.02 per share, and the company said its strategic options review announced on Jan. 26, 2026 is ongoing. For FY 2026, Orion guided Core FFO per share of USD 0.69 to USD 0.76.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Orion Properties Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260305837764) on March 05, 2026, and is solely responsible for the information contained therein.
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