Orion Properties Inc.
Orion Properties Inc. (NYSE: ONL) is an internally managed real estate investment trust that owns, acquires and manages U.S. commercial properties, primarily suburban offices leased to single tenants under net leases. Its portfolio includes traditional office, government, medical office, flex/laboratory and research… From the company’s description.
Over the twelve months to Sep 30, 2026, Orion Properties Inc. reported revenue of $141.23M, down 6.3% from a year earlier, and a net loss of $28.06M. Its operating margin was −7.3%, and operations generated $26.88M in cash. In fiscal 2025, it reported revenue of $147.65M, down 10.4% from fiscal 2024, and a net loss of $139.29M.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What Orion Properties Inc. does
In the company’s own words
Orion Properties Inc. (NYSE: ONL) is an internally managed real estate investment trust that owns, acquires and manages U.S. commercial properties, primarily suburban offices leased to single tenants under net leases. Its portfolio includes traditional office, government, medical office, flex/laboratory and research and development, and flex/industrial properties, serving government agencies and commercial tenants across industries. Orion is shifting its investment focus toward specialized, dedicated-use properties with office components, including government, medical, laboratory, research and development, and flex properties. It also manages a 20% interest in the Arch Street Joint Venture, which owns six properties. As of December 31, 2025, Orion owned and operated 58 properties totaling 6.5 million leasable square feet across 26 states; including its proportionate share of the joint venture, its portfolio totaled 6.7 million square feet. Realty Income formed Orion as a subsidiary and distributed its shares to Realty Income stockholders in November 2021, after which Orion became an independent, publicly traded company. Its website is www.onlreit.com.
Company details
- Sector
- Real Estate
- Industry (SIC)
- REITs
- Headquarters
- PHOENIX, AZ
- Fiscal year end
- December
- CIK
- 1873923
- SIC
- 6798
Financial performance, year by year
Fiscal 2021–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns Orion Properties Inc. — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · Orion Properties Inc.’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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