Business Wire·Mar 5, 2026, 4:15 PM ET

Orion Properties Inc. Announces Fourth Quarter and Full Year 2025 Results

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Orion Properties Inc. completed 924,000 square feet of leasing in 2025, including 62,000 square feet in Q4 and 183,000 square feet subsequent to year-end.
The company sold 10 properties for $80.7 million in 2025, including three properties for $32.0 million in Q4 and two additional properties for $13.1 million after year-end.
Orion acquired one dedicated use asset in Northbrook, Illinois for $15.0 million in February 2026.
The company extended \& restructured its credit facility revolver, extending maturity to February 2028 with options to extend further, \& amended its CMBS loan to extend maturity to February 2029.
Orion declared a quarterly cash dividend of $0.02 per share for Q1 2026, payable on April 15, 2026.
Q4 2025 revenues were $35.2 million with a net loss of $35.8 million, while full-year 2025 revenues were $147.6 million with a net loss of $139.3 million.
Full-year 2025 Core FFO was $43.7 million ($0.78 per diluted share), down from $56.8 million ($1.01 per share) in 2024.
The company recorded an other-than-temporary impairment loss on its Arch Street Joint Venture investment, reducing its carrying value to zero, \& established a $5.9 million loan loss reserve.
As of December 31, 2025, the portfolio consisted of 58 operating properties with an occupancy rate of 78.7% \& a weighted average remaining lease term of 5.7 years.
Orion initiated a strategic options review process in January 2026, considering potential acquisitions, mergers, or a sale of the company.
The company provided 2026 guidance estimating Core FFO per share between $0.69 \& $0.76, Net Debt to Adjusted EBITDA between 6.5x \& 7.3x, \& G\&A expenses between $19.8 million \& $20.8 million.