AI brief of an SEC Form 8-K · Orion Properties Inc. (ONL)

Orion Properties Q1 2026 net loss widens to $13.6 million; revenue falls to $36.3 million

Mixed Impact 3 of 5 earnings Written later

Orion Properties reported first quarter 2026 results on May 7, 2026. Revenue fell to $36.3 million from $38.0 million a year earlier and the net loss widened to $13.6 million, while Core FFO rose to $11.7 million and 2026 guidance was reaffirmed. The filing also notes a payment default on the mortgage notes of an unconsolidated joint venture and an ongoing strategic option review with no set timetable.

Key points

  • Total revenues were $36.3 million, versus $38.0 million in the first quarter of 2025.
  • Net loss attributable to common stockholders was $(13.6) million, or $(0.24) per share, versus $(9.4) million, or $(0.17) per share, a year earlier.
  • Core FFO was $11.7 million, or $0.21 per diluted share, versus $10.7 million, or $0.19 per diluted share, a year earlier.
  • 2026 Core FFO per share guidance of $0.69 to $0.76 was reaffirmed, and a $0.02 per share dividend for the second quarter is payable July 15, 2026.

The filing

CompanyOrion Properties Inc. (ONL)
Form8-K, current report
Filed with the SECMay 7, 2026, 4:14 PM ET
Accession number0001873923-26-000081

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:44 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 07, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.