ORION PROPERTIES INC (ONL)
Real Estate · Commercial office and single-tenant REIT · NYSE
A REIT focused on office and single-tenant commercial properties navigating structural headwinds from remote work adoption and debt refinancing challenges while pursuing a strategic review process.
What ORION PROPERTIES INC does
Orion Properties Inc. is a real estate investment trust (REIT) that owns and operates a portfolio of office and single-tenant properties. The company generates revenue primarily through lease income from commercial tenants and is pursuing a strategic review process to evaluate potential transactions or alternatives. The company faces headwinds from declining office utilization due to remote and hybrid work trends, rising operating costs, and debt refinancing challenges.
Themes: ["Office real estate","Commercial real estate","Single-tenant leasing","Strategic review / M&A","Workspace utilization"]
Fundamentals
- Price$2.78 as of 2026-07-09 close
- Market cap$158M as of 2026-07-10
- 1-year return+17.3% as of 2026-07-09 close
- Net margin-98.9% as of 2026-07-10
- Gross margin+56.5% as of 2026-07-10
- ROE-21.9% as of 2026-07-10
- Debt / equity0.81 as of 2026-07-10
- Revenue growth (YoY)-6.3% as of 2026-07-10
- Beta1.61 as of 2026-07-10
Dividend: yield +2.9%; 2-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Structural decline in office space demand due to remote and hybrid work arrangements, with reduced tenant occupancy and renewal rates","Rising interest rates and refinancing risk, including inability to extend or refinance debt obligations on favorable terms, plus existing payment defaults under unconsolidated joint venture mortgage notes","Tenant credit risk and potential defaults, particularly concentrated in single-tenant properties, combined with difficult macroeconomic conditions affecting tenant viability"]
Competitors & peers
- Realty Income (O)
- STORE Capital (STOR)
- Spirit Realty Capital (SRC)
- Lexington Realty Trust (LXP)
- National Retail Properties (NRP)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.