Orion Office Reit, Inc. (ONL)
NYSE:ONL
Want to see ONL full AI Analyst Report?
ONL Stock Chart & Stats
$2.51
-$0.02(-0.51%)
At close: 4:00 PM EST
$2.51
-$0.02(-0.51%)
Day’s Range― - ―
52-Week Range$1.86 - $3.05
Previous CloseN/A
Volume123.50K
Average Volume (3M)364.19K
Market Cap
$169.35M
Enterprise Value$653.01M
Total Cash (Recent Filing)$10.27M
Total Debt (Recent Filing)$493.93M
Price to Earnings (P/E)―
Beta1.37
Next Earnings
Aug 12, 2026EPS Estimate
-0.07Next Dividend Ex-DateN/A
Dividend Yield7.34%
Share Statistics
EPS (TTM)-2.56
Shares Outstanding56,830,067
10 Day Avg. Volume359,117
30 Day Avg. Volume364,195
Financial Highlights & Ratios
PEG Ratio-0.03
Price to Book (P/B)0.20
Price to Sales (P/S)0.86
P/FCF Ratio-4.52
Enterprise Value/Market Cap3.86
Enterprise Value/Revenue4.47
Enterprise Value/Gross Profit7.92
Enterprise Value/Ebitda-12.10
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.44
Revenue Forecast (FY)$139.58M
Bulls Say, Bears Say
Bulls Say
Leasing Momentum & Long WALTSustained strong leasing activity and long average lease terms materially lengthen predictable cash flows and reduce vacancy risk. Multi-year WALT (new leases ~12 years, portfolio ~6 years) supports durable base rent, helps amortize tenant improvement spend and stabilizes income over the medium term.
Occupancy And Rent RecoveryMeaningful occupancy improvement (up ~9.4 ppts YoY) and consecutive positive renewal spreads indicate improving demand and pricing power in the portfolio. Higher occupancy and modest rent lift strengthen recurring rental income and reduce dependency on one-off leasing gains over the next several quarters.
Refinancing Extended Maturities And LiquidityExtending CMBS maturities and replacing the revolver reduces near-term refinancing risk and lowers borrowing cost. Increased reserves and ~$119.9M pro forma liquidity provide runway to fund leasing/CapEx and execute asset recycling, making the capital structure more resilient while the portfolio stabilizes.
Bears Say
Severe Revenue Decline & LossesDeep and persistent revenue contraction and extremely negative margins point to structural demand or portfolio valuation issues. Such sustained profitability erosion undermines capital generation, weakens retained earnings, and limits the firm's ability to self-fund leasing and maintenance over a multi-quarter horizon.
Negative Free Cash FlowReoccurring negative free cash flow signals the business is not consistently converting operations into surplus capital. This forces reliance on borrowing, asset sales, or equity to fund reinvestment and dividends, creating pressure on long-term reinvestment and increasing refinancing dependence.
Elevated Leverage And JV Impairment RiskManagement expects materially elevated leverage while an unconsolidated JV was fully written down due to financing uncertainty. High leverage plus impaired third‑party exposures constrain financial flexibility, raise refinancing and covenant risks, and make recovery sensitive to asset dispositions and market funding conditions.
Orion Office REIT News
ONL FAQ
What was Orion Office Reit, Inc.’s price range in the past 12 months?
Orion Office Reit, Inc. lowest stock price was $1.86 and its highest was $3.05 in the past 12 months.
What is Orion Office Reit, Inc.’s market cap?
Orion Office Reit, Inc.’s market cap is $169.35M.
When is Orion Office Reit, Inc.’s upcoming earnings report date?
Orion Office Reit, Inc.’s upcoming earnings report date is Aug 12, 2026 which is in 72 days.
How were Orion Office Reit, Inc.’s earnings last quarter?
Orion Office Reit, Inc. released its earnings results on May 07, 2026. The company reported -$0.24 earnings per share for the quarter, missing the consensus estimate of -$0.12 by -$0.12.
Is Orion Office Reit, Inc. overvalued?
According to Wall Street analysts Orion Office Reit, Inc.’s price is currently Overvalued.
Does Orion Office Reit, Inc. pay dividends?
Orion Office Reit, Inc. pays a Quarterly dividend of $0.02 which represents an annual dividend yield of 7.34%. See more information on Orion Office Reit, Inc. dividends here
What is Orion Office Reit, Inc.’s EPS estimate?
Orion Office Reit, Inc.’s EPS estimate is -0.07.
How many shares outstanding does Orion Office Reit, Inc. have?
Orion Office Reit, Inc. has 56,830,067 shares outstanding.
What happened to Orion Office Reit, Inc.’s price movement after its last earnings report?
Orion Office Reit, Inc. reported an EPS of -$0.24 in its last earnings report, missing expectations of -$0.12. Following the earnings report the stock price went up 1.408%.
Which hedge fund is a major shareholder of Orion Office Reit, Inc.?
Currently, no hedge funds are holding shares in ONL
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Orion Office REIT Stock Smart Score
Neutral
1
2
3
4
5
6
7
8
9
10
Blogger Sentiment
Neutral
ONL Sentiment 50%
Sector Average ―
Sector Average ―
Crowd Wisdom
Very Negative
Last 7 Days ▼ 4.5%
Last 30 Days ▼ 10.2%
Last 30 Days ▼ 10.2%
Technicals
SMA
Positive
20 days / 200 days
Momentum
70.67%
12-Months-Change
Fundamentals
Return on Equity
-21.93%
Trailing 12-Months
Asset Growth
-10.51%
Trailing 12-Months
Company Description
Orion Office Reit, Inc.
Orion Properties Inc. specializes in the ownership, acquisition and management of a diversified portfolio of mission-critical and corporate headquarters office buildings in high-quality suburban markets across the U.S. The portfolio is leased primarily on a single-tenant net lease basis to creditworthy tenants. The company's team of experienced industry leaders employs a proven, cycle-tested investment evaluation framework which serves as the lens through which capital allocation decisions are made for the current portfolio and future acquisitions.
ONL Company Deck
ONL Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presents a cautiously positive operational narrative: clear signs of stabilization and progress (strong leasing velocity, meaningful occupancy improvement, disciplined disposals, increased DUA exposure, solid liquidity and affirmed guidance) are balanced against near-term pressures (revenue decline, widened net loss, sharply higher CapEx costs, elevated leverage and a full write-down of a JV investment). Management emphasizes a credible plan to reduce carry costs and recycle capital, but material risks remain related to leverage, the JV outcome, and timing of leasing converting to recurring earnings.View all ONL earnings summariesTechnical Analysis
Ownership Overview
4.51% Insiders
6.21% Mutual Funds
22.72% Other Institutional Investors
61.11% Public Companies and
Individual Investors