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Orion Properties Inc. — Third Quarter 2026 Earnings Summary

  • Q3 2026 revenue decreased 4.6% year-over-year to $35.4 million, while net loss narrowed significantly to $(3.3) million from $(69.0) million in the prior year period; Core FFO rose to $11.4 million ($0.20/share) from $11.0 million ($0.19/share).
  • The Company raised 2026 Core FFO per share guidance to $0.75–$0.78 and improved Net Debt to Adjusted EBITDA guidance to 5.8x–6.4x, citing strengthened balance sheet metrics and sustained execution.
  • Strategic portfolio shifts continue with 922,000 square feet leased year-to-date and 222,000 square feet leased post-quarter; the Company sold four properties for $83.7 million YTD and holds agreements to sell three additional assets for $14.4 million.
  • Liquidity stands at $177.2 million with net debt at $436.5 million (5.6x leverage), while the Board declared a $0.02 quarterly dividend and management suspended loss recognition on an unconsolidated joint venture following a mortgage default.
Company
ORION PROPERTIES INC
Sector
Real Estate
Industry
REIT - Office