Flash FinanceUS
After hours S&P 5007,549.94+2.35% Nasdaq25,253.14+2.74% Dow 3052,389.75+2.15% Russell 20002,840.81+3.15% Nasdaq-10027,907.62+3.40% MidCap 4003,715.23+3.13% SmallCap 6001,722.37+2.89% VIX19.92-22.31% 10Y Yield4.86+0.10% Close of Nov 09, 2026
AI brief of an SEC Form 8-K · Orion Properties Inc. (ONL)

Orion Properties Q2 net income rises to $24.6 million on gains; raises 2026 Core FFO guidance

Mixed Impact 4 of 5 earnings Written later

Orion Properties reported second quarter 2026 total revenues of $34.3 million, down from $37.3 million a year earlier, while net income attributable to common stockholders was $24.6 million, compared with a net loss of $25.1 million in the same quarter of 2025. Core FFO was $11.8 million, or $0.20 per diluted share, flat with the prior year, and the company raised its 2026 Core FFO per share guidance while lowering its net debt to adjusted EBITDA range, but its strategic options review and a default on the unconsolidated joint venture's loan remain open issues for shareholders.

Key points

  • Total revenues were $34.3 million, versus $37.3 million in Q2 2025; net income rose mainly on a $27.9 million increase in gains on dispositions and a $19.5 million decrease in impairment charges.
  • Core FFO was $11.8 million, or $0.20 per diluted share, the same per-share amount as in Q2 2025.
  • 2026 Core FFO per share guidance was raised to $0.72 to $0.77 from $0.69 to $0.76; net debt to adjusted EBITDA guidance was lowered to 6.0x to 6.8x from 6.5x to 7.3x.
  • The unconsolidated joint venture's non-recourse loan, with $125.6 million outstanding as of August 6, 2026, went back into default on August 1, 2026 after a sale was terminated.

The filing

CompanyOrion Properties Inc. (ONL)
Form8-K, current report
Filed with the SECAug 6, 2026, 4:26 PM ET
Accession number0001873923-26-000105

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 August 06, 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.