Quarterly ResultMay 7, 2026, 04:24 PM
Orion Properties Q1 Net Loss $(13.6)M; Core FFO $0.21; Sells $48.7M Properties
AI Summary
Orion Properties Inc. announced its first quarter 2026 results, reporting a net loss attributable to common stockholders of $(13.6) million, or $(0.24) per share, and Core FFO of $11.7 million, or $0.21 per diluted share. The company completed 355,000 square feet of leasing, sold two properties for $13.1 million in Q1, and an additional seven properties for $35.6 million subsequent to quarter end. Orion also acquired one 75,000 square foot property for $15.0 million and declared a Q2 2026 cash dividend of $0.02 per share. The company reaffirmed its 2026 guidance, while its Unconsolidated Joint Venture experienced a payment default on its mortgage notes.
Key Highlights
- Net loss attributable to common stockholders was $(13.6) million, or $(0.24) per share.
- Core FFO was $11.7 million, or $0.21 per diluted share, up from $0.19 per share YoY.
- Total revenues for Q1 2026 were $36.3 million, compared to $38.0 million in Q1 2025.
- Completed 355,000 square feet of leasing during the first quarter.
- Sold two properties for $13.1 million in Q1 and seven additional properties for $35.6 million post-quarter end.
- Acquired one 75,000 square foot property in Northbrook, Illinois for $15.0 million.
- Declared a quarterly cash dividend of $0.02 per share for the second quarter of 2026.
- Reaffirmed 2026 Core FFO per share guidance of $0.69 to $0.76.