Orion Office REIT 2025 revenue falls

Reuters03-06
Orion Office REIT 2025 revenue falls

Overview

  • Real estate investment trust's FY revenue declined yr/y

  • Company completed 924,000 sq ft of leasing in 2025

Outlook

  • Orion expects 2026 Core FFO per share between $0.69 and $0.76

  • Company anticipates 2026 Net Debt to Adjusted EBITDA between 6.5x and 7.3x

  • Orion estimates 2026 General and Administrative Expenses at $19.8 mln to $20.8 mln

Result Drivers

  • LEASING ACTIVITY - Orion completed 924,000 sq ft of leasing in 2025, including 62,000 sq ft in Q4, improving occupancy and lease terms

  • ASSET DISPOSITIONS - Sold 10 properties for $80.7 mln in 2025, including three in Q4 for $32.0 mln, aiding portfolio transformation

  • ACQUISITION - Acquired dedicated use asset in Northbrook, Illinois for $15.0 mln, fully leased through December 2036

Company press release: ID:nBw457r9ca

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Revenue

Miss

$35.22 mln

$36.18 mln (2 Analysts)

Q4 Net Income

-$35.80 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the commercial reits peer group is "hold."

  • Wall Street's median 12-month price target for Orion Properties Inc is $3.00, about 20% above its March 4 closing price of $2.50

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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