Orion Office REIT 2025 revenue falls

Orion Properties

05/03/2026 21:35

Overview

Real estate investment trust's FY revenue declined yr/y

Company completed 924,000 sq ft of leasing in 2025

Outlook

Orion expects 2026 Core FFO per share between $0.69 and $0.76

Company anticipates 2026 Net Debt to Adjusted EBITDA between 6.5x and 7.3x

Orion estimates 2026 General and Administrative Expenses at $19.8 mln to $20.8 mln

Result Drivers

LEASING ACTIVITY - Orion completed 924,000 sq ft of leasing in 2025, including 62,000 sq ft in Q4, improving occupancy and lease terms

ASSET DISPOSITIONS - Sold 10 properties for $80.7 mln in 2025, including three in Q4 for $32.0 mln, aiding portfolio transformation

ACQUISITION - Acquired dedicated use asset in Northbrook, Illinois for $15.0 mln, fully leased through December 2036

Company press release: ID:nBw457r9ca

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
$35.22 mln
$36.18 mln (2 Analysts)
Q4 Net Income
-$35.80 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the commercial reits peer group is "hold."

Wall Street's median 12-month price target for Orion Properties Inc is $3.00, about 20% above its March 4 closing price of $2.50

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)