Orion Office Reit Inc
NYSE:ONL
Decide at what price you'd be comfortable buying and we'll help you stay ready.
|
O
|
Orion Office Reit Inc
NYSE:ONL
|
US |
|
User Local Inc
TSE:3984
|
JP |
|
New Zealand Energy Corp
XTSX:NZ
|
NZ |
|
A
|
Alphabet Inc
NASDAQ:GOOG
|
US |
|
I
|
Inbest Prime II Inmuebles SOCIMI SA
MAD:YINB2
|
ES |
Orion Office Reit Inc
Orion Office REIT, Inc. acts as a real estate investment trust. The company is headquartered in Phoenix, Arizona. The company went IPO on 2021-11-01. The firm is engaged in the acquisition and management of a diversified portfolio of mission-critical and corporate headquarters office buildings in high-quality suburban markets across the United States. The firm's portfolio is leased primarily on a single-tenant net lease basis to creditworthy tenants. The firm's portfolio consists of approximately 92 office properties totaling approximately 10.5 million total leasable square feet located within 29 states and Puerto Rico. The firm operates in a range of industries, including financial services, health care, government services and telecommunications.
Orion Office REIT, Inc. acts as a real estate investment trust. The company is headquartered in Phoenix, Arizona. The company went IPO on 2021-11-01. The firm is engaged in the acquisition and management of a diversified portfolio of mission-critical and corporate headquarters office buildings in high-quality suburban markets across the United States. The firm's portfolio is leased primarily on a single-tenant net lease basis to creditworthy tenants. The firm's portfolio consists of approximately 92 office properties totaling approximately 10.5 million total leasable square feet located within 29 states and Puerto Rico. The firm operates in a range of industries, including financial services, health care, government services and telecommunications.
Strategic review: Orion has launched a public strategic options review to explore ways to unlock shareholder value while continuing to execute its standalone plan.
Leasing momentum: Leasing improved materially in 2025 with over 900,000 square feet leased (on top of 1.1M in 2024) and a strong pipeline of over 1 million square feet in discussion/documentation entering 2026.
WALT & occupancy: New-lease WALT averaged nearly 10 years in 2025; overall 2025 leasing WALT was 7.5 years and portfolio occupancy improved to 78.7% at year-end.
Dispositions & proceeds: Sold 10 properties in 2025 (~960,000 sq ft) for ~ $81 million, plus subsequent sales and near-term dispositions to generate roughly $130 million total proceeds and cut ~$10.3 million of annual carry costs.
Balance sheet actions: Executed a new $215 million secured revolver (matures Feb 2029) and extended a $355 million CMBS loan to Aug 2030, preserving liquidity of $145.9 million as of Dec 31, 2025.
2026 outlook: Core FFO expected $0.69–$0.76 per diluted share; G&A $19.8M–$20.8M; net debt / adjusted EBITDA 6.5x–7.3x.
Arch Street JV caution: Investment in Arch Street JV was written down to zero given partner capital constraints and near-term financing uncertainty, though the JV portfolio is operating at 100% occupancy.
