Orion Properties (ONL)
Repositions U.S. single-tenant net-lease properties toward dedicated-use assets with office components.
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Owns, acquires, and manages primarily single-tenant, net-lease real estate in U.S. suburban markets. The portfolio is shifting from traditional office toward government, medical, laboratory/R&D, and flex uses with an office component.
Owns, acquires, and manages primarily single-tenant, net-lease real estate in high-quality U.S. suburban markets. The properties are located across the United States. The portfolio combines traditional office with government, medical-office, flex/laboratory-and-R&D, and flex/industrial properties.
Asset management, leasing, property sales, and acquisitions support a shift away from traditional office and toward dedicated-use assets with an office component. Dedicated-use assets retain an office component.
The internally managed REIT depends on leases with individual tenants. Many inherited office leases were short term and many tenants were moving out, informing the disposition and leasing program.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $16.9M · Total debt $451.2M · Total assets $1.14B · Shareholders' equity $632.8M
- Revenue
- $34.3M
- Operating income
- $3.4M
- Net income
- $24.6M
HistoryDividendAnnual yieldUpcoming
| Institutions | ≈ 49.88% | 28.46M shares | |
|---|---|---|---|
| 200 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 10.41% | 5.94M shares | |
| 11 holders · as of Jun 15, 2026 | |||
| Other | ≈ 39.71% | 22.65M shares | |
| remainder | |||
57.04M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Kawa Capital Management, IncInstitution | 9.60% | 5.47M | filed Jan 26, 2026 |
Private Management Group IncInstitution | 9.39% | 5.36M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 7.67% | 4.38M | as of Jun 30, 2026 |
Par SandaInsider | 5.93% | 3.38M | filed Feb 10, 2026 |
Vanguard Capital Management LLCInstitution | 4.25% | 2.43M | as of Jun 30, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
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CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Orion Properties | $2.57 | −0.58% | $140.4M | — | — | 1.0 | −8.0% |
| Office Properties Income Trust | $17.68 | +0.40% | $1.31B | — | — | 3.0 | +2.0% |
| Highwoods Properties | $30.75 | −0.03% | $3.43B | 20.4 | 36.6 | 4.1 | +7.9% |
| Easterly Government Properties | $23.32 | +0.04% | $1.08B | 112.4 | 80.4 | 3.0 | +11.6% |
| Healthpeak Properties | $20.60 | +0.10% | $14.28B | 59.2 | 104.0 | 4.8 | +10.5% |
| Alexandria Real Estate Equities | $53.85 | +0.01% | $9.30B | — | — | 3.1 | −12.8% |
| Global Net Lease | $8.74 | +0.34% | $1.85B | — | — | 4.0 | −10.0% |
| Median | 59.2 | 80.4 | 3.6 | +5.0% |