Orion Office REIT Announces Leasing and Sales Achievements

The latest announcement is out from Orion Office REIT ( (ONL) ).

On April 10, 2025, Orion Properties Inc. announced significant leasing and property sales achievements for the year to date. The company completed 425,000 square feet of leasing, including a notable 15.7-year lease in New Jersey, and sold three vacant properties for $19.1 million. Orion maintains strong liquidity with $243.9 million available and continues to focus on shifting its portfolio towards more dedicated use assets such as flex and laboratory spaces. This strategic initiative aims to enhance the company’s market position and attract more stable, long-term tenants.

Spark’s Take on ONL Stock

According to Spark, TipRanks’ AI Analyst, ONL is a Neutral.

Orion Office REIT’s overall stock score is primarily influenced by its financial and technical challenges, despite some operational improvements. Declining revenues, negative profitability, and bearish technical indicators weigh heavily on the score. While strategic shifts and rebranding efforts show potential, they are overshadowed by ongoing financial pressures. The high dividend yield is a positive aspect, but its sustainability is questionable given the current financial state.

To see Spark’s full report on ONL stock, click here.

More about Orion Office REIT

Orion Properties Inc. is an internally-managed real estate investment trust (REIT) that focuses on owning, acquiring, and managing a diversified portfolio of office properties across high-quality suburban markets in the United States. The company primarily leases these properties on a single-tenant net lease basis to creditworthy tenants. Its portfolio includes traditional office properties as well as governmental, medical office, flex/laboratory, R&D, and flex/industrial properties. Orion was founded on July 1, 2021, spun off from Realty Income, and began trading on the New York Stock Exchange in November 2021. The company is headquartered in Phoenix, Arizona, with an office in New York.

YTD Price Performance: -57.88%

Average Trading Volume: 591,574

Technical Sentiment Signal: Strong Buy

Current Market Cap: $98.3M

See more insights into ONL stock on TipRanks’ Stock Analysis page.