Company research
Orion Properties Inc.
CIK 1873923Updated Sep 24, 2026
SecurityONL · NYSE · equity
Name history
Orion Office REIT Inc. · through Mar 7, 2025
ONL price & chart
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Recent filings
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
4 filing
Submission of Matters to a Vote of Security Holders
Items 5.07
10-Q filing
Show 3 more recent filings
Financials
FY 2025 · USDSource
Source
Source
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 1,170,502,000Source | 1,336,422,000Source | 1,423,933,000Source | 1,571,073,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 22,362,000Source | 15,600,000Source | 22,473,000Source | 20,638,000Source |
| Accounts Receivable | — | — | — | — |
| Operating Lease, Right-of-Use AssetUSD | 9,400,000Source | 10,200,000Source | 10,900,000Source | 10,600,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 545,987,000Source | 571,166,000Source | 536,930,000Source | 595,215,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 56,000Source | 56,000Source | 56,000Source | 57,000Source |
| Additional Paid in CapitalUSD | 1,151,644,000Source | 1,148,223,000Source | 1,144,636,000Source | 1,147,014,000Source |
| Retained Earnings (Accumulated Deficit)USD | -528,482,000Source | -384,348,000Source | -258,805,000Source | -178,910,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -5,000Source | -15,000Source | -264,000Source | 6,308,000Source |
| Stockholders' Equity Attributable to ParentUSD | 623,213,000Source | 763,916,000Source | 885,623,000Source | 974,469,000Source |
| Liabilities and EquityUSD | 1,170,502,000Source | 1,336,422,000Source | 1,423,933,000Source | 1,571,073,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 1,302,000Source | 1,340,000Source | 1,380,000Source | 1,389,000Source |
| Additional Financial Items | ||||
| Dividends PayableUSD | 1,208,000Source | 5,633,000Source | 5,578,000Source | 5,664,000Source |
| Long-term DebtUSD | 465,000,000Source | 492,000,000Source | 471,000,000Source | 530,000,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -139,286,000Source | -102,976,000Source | -57,311,000Source | -97,474,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 58,746,000Source | 100,820,000Source | 109,111,000Source | 131,367,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 3,896,000Source | 3,757,000Source | 2,728,000Source | 1,756,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 23,576,000Source | 54,260,000Source | 89,088,000Source | 114,232,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 16,780,000Source | -51,263,000Source | 5,289,000Source | 22,477,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 475,000Source | 170,000Source | 89,000Source | — |
| Payments for Repurchase of Common StockUSD | 0Source | 0Source | 5,018,000Source | 20,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -36,887,000Source | -3,025,000Source | -92,490,000Source | -110,716,000Source |
| Dividends paid | — | — | — | — |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | -338,000Source | -198,000Source | -101,000Source | -48,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 3,469,000Source | -28,000Source | 1,887,000Source | 25,993,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 60,639,000Source | 57,170,000Source | 57,198,000Source | 55,311,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 27,891,000Source | 28,955,000Source | 25,283,000Source | 25,108,000Source |
| Income Taxes Paid, NetUSD | 198,000Source | 207,000Source | 463,000Source | 634,000Source |
| Additional Financial Items | ||||
| Amortization of Deferred ChargesUSD | — | — | — | 2,200,000Source |
| Amortization of Debt Issuance CostsUSD | 3,699,000Source | 3,686,000Source | 3,974,000Source | — |
| Amortization of Debt Issuance Costs and DiscountsUSD | 735,000Source | 698,000Source | 1,370,000Source | 2,183,000Source |
| Dividends PayableUSD | 1,208,000Source | 5,633,000Source | 5,578,000Source | 5,664,000Source |
| Equity Method Investment, Other than Temporary ImpairmentUSD | — | 0Source | 0Source | 0Source |
| FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversalUSD | 5,926,000Source | — | — | — |
| Gain (Loss) on Disposition of AssetsUSD | — | — | — | 2,352,000Source |
| Gain (Loss) on Sale of PropertiesUSD | 7,058,000Source | 0Source | 31,000Source | — |
| Gain (Loss) on Extinguishment of DebtUSD | 0Source | -1,078,000Source | -504,000Source | -468,000Source |
| Gains (Losses) on Sales of Investment Real EstateUSD | 7,058,000Source | 0Source | 31,000Source | 2,352,000Source |
| General and Administrative ExpenseUSD | 20,313,000Source | 20,094,000Source | 18,720,000Source | 15,908,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | — | -740,000Source | -435,000Source | -524,000Source |
| Income Tax Expense (Benefit)USD | 259,000Source | 214,000Source | 456,000Source | 212,000Source |
| Net Income (Loss) Attributable to ParentUSD | -139,309,000Source | -103,012,000Source | -57,302,000Source | -97,494,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 23,000Source | 36,000Source | -9,000Source | 20,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -139,309,000Source | -103,012,000Source | -57,302,000Source | -97,494,000Source |
| Nonoperating Income (Expense)USD | -42,513,000Source | -33,468,000Source | -29,666,000Source | -28,588,000Source |
| Operating Lease, Impairment LossUSD | 0Source | 0Source | 0Source | 0Source |
| Operating Lease, Lease IncomeUSD | 146,827,000Source | 164,055,000Source | — | — |
| Other Nonoperating Income (Expense)USD | — | 987,000Source | 911,000Source | 223,000Source |
| Payments of Financing CostsUSD | 8,000Source | 1,302,000Source | 5,663,000Source | 3,096,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 147,647,000Source | 164,862,000Source | 195,041,000Source | 208,118,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Other Nonoperating Income (Expense)USD | — | 987,000Source | 911,000Source | 223,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -139,027,000Source | -102,762,000Source | -56,855,000Source | -97,262,000Source |
| Income Tax Expense (Benefit)USD | 259,000Source | 214,000Source | 456,000Source | 212,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 23,000Source | 36,000Source | -9,000Source | 20,000Source |
| Net Income (Loss) Attributable to ParentUSD | -139,309,000Source | -103,012,000Source | -57,302,000Source | -97,494,000Source |
| Earnings Per Share, BasicUSD per share | -2.48Source | -1.84Source | -1.02Source | -1.72Source |
| Earnings Per Share, DilutedUSD per share | -2.48Source | -1.84Source | -1.02Source | -1.72Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 56,232,000Source | 55,903,000Source | 56,409,734Source | 56,631,826Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 56,232,000Source | 55,903,000Source | 56,409,734Source | 56,631,826Source |
| Additional Financial Items | ||||
| Costs and ExpensesUSD | 244,161,000Source | 234,156,000Source | 222,230,000Source | 276,792,000Source |
| Direct Costs of Leased and Rented Property or EquipmentUSD | 64,828,000Source | 65,151,000Source | 60,783,000Source | 61,519,000Source |
| FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversalUSD | 5,926,000Source | — | — | — |
| Gains (Losses) on Sales of Investment Real EstateUSD | 7,058,000Source | 0Source | 31,000Source | 2,352,000Source |
| General and Administrative ExpenseUSD | 20,313,000Source | 20,094,000Source | 18,720,000Source | 15,908,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | — | -740,000Source | -435,000Source | -524,000Source |
| Interest Income (Expense), NetUSD | — | — | -29,669,000Source | -30,171,000Source |
| Interest Income (Expense), Nonoperating, NetUSD | -31,525,000Source | -32,637,000Source | — | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -139,309,000Source | -103,012,000Source | -57,302,000Source | -97,494,000Source |
| Nonoperating Income (Expense)USD | -42,513,000Source | -33,468,000Source | -29,666,000Source | -28,588,000Source |
| Operating Lease, Lease IncomeUSD | 146,827,000Source | 164,055,000Source | — | — |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 147,647,000Source | 164,862,000Source | 195,041,000Source | 208,118,000Source |