Orion Properties Inc.
ONL · Price history
Price at last available close
$2.46
−$0.04 (-1.79%) 1M
2026-10-28
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Company & revenue
About Orion Properties Inc.
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Orion Properties Inc. is an investment firm concentrating its expertise on acquiring, owning, and managing a varied collection of essential corporate headquarters and vital office properties situated in premier suburban markets nationwide. This portfolio is predominantly secured by single-tenant net leases with financially robust tenants. The company's seasoned leadership team employs a rigorous, market-tested investment framework that directs their strategic capital deployment across both their existing holdings and prospective acquisitions.
How they make money
Orion Properties Inc. is an internally managed real estate investment trust that generates revenue primarily through the leasing of office properties to a diverse tenant base. The company focuses on the ownership, acquisition, and management of high-quality dedicated-use assets, collecting rental income under long-term lease agreements while managing property-level operating expenses.
Products & services
Ownership and management of a portfolio of office properties, including leasing services, property maintenance, and capital improvements for commercial tenants.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer concentration
As of December 31, 2025, two tenants accounted for 10% or more of annualized base rent: the General Services Administration (17.8%) and Merrill Lynch (10.0%).
Suppliers, materials & equipment
- Property management and maintenance service providers — Third-party contractors providing property management, maintenance, and repair services for the company's real estate portfolio.Source
Strengths
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
15
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
17
Poor
Financial Strength
26
Business Quality / Moat
21
Management
0
Growth Quality
12
Risk / Durability
18
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Model Outlook
12-month model · What does the model think happens next?
Outperformance analysis is not currently available.
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
A current Opportunity Score is not available.
The 12-month model outlook is not currently available.
- •Recent buyback activity is present
- •High debt risk
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
- •Debt / balance-sheet profile needs attention
Company-specific research
Questions worth answering for ONL
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •What is driving ONL's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
- •How long can ONL fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •Is ONL's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •What specifically needs to improve for ONL to reach sustainable profitability?
- •What future growth or profitability would be needed to justify ONL's current valuation?
Essential Investment Snapshot
Wall Street Score
15
Market Cap
$140.0M
P/E Ratio
-1.3
EPS
$-1.68
52-Week High
$3.05
52-Week Low
$1.89
Beta
1.61
Shares Outstanding
56.2M
Total Revenue
$142.9M
Total Debt
$451.2M
Dividend Yield (TTM)
3.26%
Liquidation Value / Share
$11.28
Dividend / Share (TTM)
$0.08
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Neutral / mixed momentum
Normal movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for ONL
Detected from reported data — verify before acting.Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
High debt risk
Total debt is at least one year of revenue • Interest coverage is below 2x • Free cash flow is negative • Cash covers less than 20% of total debt
Community Sentiment
0 active · 0 total callsNo personal call yet on ONL.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Conservative leverage and strong liquidity position.
- +Diversified portfolio of properties across 26 states.
Potential downside factors
- −Debt risk (high): Total debt is at least one year of revenue.
- −Interest coverage is below 2x.
- −Free cash flow is negative.
- −Cash covers less than 20% of total debt.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
3 historical score records availablePrevious Score
15
Oct 1, 2026
Change
+0.2
points
Current Score
15
Oct 12, 2026
Category Changes
ONL increased 0.2 points because overall fundamentals improved.
Projected Score
Projected Score
10
Projected Change
-4.4 points
Preliminary comparable-period financial changes suggest decline of approximately 4.4 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailableCurrent Price
$2.46
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $142.9M | $147.6M | $164.9M | $195.0M | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $60.1M | $64.8M | $65.2M | $60.8M | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $82.9M | $82.8M | $99.7M | $134.3M | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $20.0M | $20.3M | $20.1M | $18.7M | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $151.1M | $85.0M | $120.9M | $127.8M | ···· | ···· | ···· | ···· | ···· |
| EBITDA | -$6.4M | -$48.8M | $30.7M | $81.9M | ···· | ···· | ···· | ···· | ···· |
| Operating Income | -$68.2M | -$2.2M | -$21.2M | $6.4M | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $32.9M | $31.5M | $32.6M | $29.7M | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | -$93.8M | -$139.0M | -$102.8M | -$56.9M | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $63K | $259K | $214K | $456K | ···· | ···· | ···· | ···· | ···· |
| Net Income | -$93.9M | -$139.3M | -$103.0M | -$57.3M | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $-1.68 | $-2.48 | $-1.84 | $-1.02 | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 56.95M | 56.23M | 55.90M | 56.18M | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 58.11M | 56.23M | 55.90M | 56.41M | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$34.3M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$0.42
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-9.9%
Cash Change
-3.0%
Margin Change
+138.9 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Margins expanded
- Debt reduced
What Weakened
- Cash position declined
Potential Score Impact
Positive indicators included debt levels, net income margin. Pressure indicators included revenue growth, EPS growth, cash levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue declined 8.0%. EPS declined 193.3%. Cash declined 3.0%. Total debt declined 9.9%. Net income margin improved by 138.9 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Log in to view dividend history.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
3 historical recordsHistorical Score Chart
3 of 3 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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Rumor Mill · ONL
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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