Orion Properties Declares $0.02 Quarterly Dividend
Orion Properties Inc. (NYSE: ONL), a REIT specializing in single-tenant net lease office properties, announced a quarterly cash dividend of $0.02 per share for the first quarter of 2026. The dividend is payable April 15, 2026, to shareholders of record as of March 31, 2026.
Orion Properties Inc. (NYSE: ONL), a real estate investment trust focused on single-tenant net lease office properties and dedicated use assets, declared a quarterly cash dividend of $0.02 per share for the first quarter of 2026. The company's Board of Directors approved the dividend on March 4, 2026. Read more dividend announcements.
Shareholders of record as of March 31, 2026 will receive the payment on April 15, 2026.
| Dividend Details | Date |
|---|---|
| Amount per Share | $0.02 |
| Record Date | March 31, 2026 |
| Payment Date | April 15, 2026 |
| Frequency | Quarterly |
Fourth Quarter and Full Year Performance
Orion reported fourth quarter 2025 total revenues of $35.2 million and a net loss attributable to common stockholders of $35.8 million, or $0.64 per share. Core funds from operations reached $10.6 million, or $0.19 per diluted share for the quarter.
The company completed 924,000 square feet of leasing in 2025, including 62,000 square feet in the fourth quarter. An additional 183,000 square feet was leased subsequent to year end.
Orion sold 10 properties for $80.7 million during 2025, including three properties in the fourth quarter for $32.0 million. The company sold two additional properties after year end for $13.1 million and acquired one dedicated use asset in Northbrook, Illinois for $15.0 million.
As of December 31, 2025, Orion had $145.9 million of liquidity, comprising $22.9 million of cash and cash equivalents and $123.0 million of available capacity on its credit facility revolver.
2026 Guidance
Orion provided guidance for fiscal year 2026 with core FFO per share estimated between $0.69 and $0.76. Net debt to adjusted EBITDA is projected between 6.5x and 7.3x, while general and administrative expenses are expected to range from $19.8 million to $20.8 million.
The company announced in January 2026 that it is conducting a review of strategic options, which may include potential acquisitions, merger targets, a possible sale of the company, or continuing as an independent publicly traded entity. No timetable has been set for completion of the strategic review process.