Orion Office REIT (ONL)
NYSE:ONL
ONL Stock Chart & Stats
$1.98
-$0.02(-0.51%)
At close: 4:00 PM EST
$1.98
-$0.02(-0.51%)
Day’s Range― - ―
52-Week Range$1.46 - $3.05
Previous CloseN/A
Volume123.50K
Average Volume (3M)239.55K
Market Cap
$108.92M
Enterprise Value$571.55M
Total Cash (Recent Filing)$22.36M
Total Debt (Recent Filing)$482.41M
Price to Earnings (P/E)―
Beta1.27
Next Earnings
May 13, 2026EPS Estimate
-0.12Next Dividend Ex-DateN/A
Dividend Yield7.34%
Share Statistics
EPS (TTM)-0.64
Shares Outstanding56,436,054
10 Day Avg. Volume307,236
30 Day Avg. Volume239,552
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 Cap5.25
Enterprise Value/Revenue3.87
Enterprise Value/Gross Profit6.90
Enterprise Value/Ebitda-11.72
Forecast
1Y Price Target
$3.00Price Target Upside51.52% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.49
Revenue Forecast (FY)$138.50M
Bulls Say, Bears Say
Bulls Say
Improved Liquidity And Extended Debt MaturitiesExtending the CMBS maturity to 2030 and replacing the revolver with a smaller, lower‑margin $215M facility materially reduces near‑term refinancing risk and lowers borrowing costs. This durable liquidity buffer supports ongoing leasing, CapEx and disposition plans while aligning maturities with the recovery timeline for office assets.
Strong Leasing Activity And Longer Lease Terms (WALT)High leasing volume combined with much longer weighted average lease terms increases contracted cash flow visibility and reduces rollover risk. Multi‑year locked‑in rents and improved occupancy create a more stable revenue base and enhance predictability of FFO as new leases feed recurring income over an extended horizon.
Material Dispositions And Capital RecyclingGenerating roughly $130M from targeted dispositions reduces vacant carry costs (~$10.3M annually) and provides a durable source of capital to fund leasing CapEx and selective acquisitions. Strategic recycling improves portfolio quality and liquidity, supporting longer‑term earnings stabilization and balance sheet repair.
Bears Say
Contracting Revenue And Negative EBITDASustained revenue declines and negative EBITDA signal weakened core cash generation and margin compression. Over time this undermines FFO available for dividends, leasing reinvestment and debt service, forcing reliance on asset sales or external financing until operating performance meaningfully recovers.
Elevated Leverage RemainsLeverage in the mid‑to‑high single digits constrains financial flexibility, increases sensitivity to cash flow shocks, and heightens covenant risk under stressed leasing or pricing environments. Persistently high net debt/EBITDA limits the company's ability to pursue growth without further asset sales or equity issuance.
JV Impairment And Partner Credit RiskLoss of expected JV cash flows and recognition of impairment reflect counterparty and execution risk that directly reduces recurring income and adds potential for additional write‑downs. This structural uncertainty impairs diversification of earnings and raises downside risk for core FFO until partner issues are resolved or assets are restructured.
Orion Office REIT News
ONL FAQ
What was Orion Office REIT’s price range in the past 12 months?
Orion Office REIT lowest stock price was $1.46 and its highest was $3.05 in the past 12 months.
What is Orion Office REIT’s market cap?
Orion Office REIT’s market cap is $108.92M.
When is Orion Office REIT’s upcoming earnings report date?
Orion Office REIT’s upcoming earnings report date is May 13, 2026 which is in 49 days.
How were Orion Office REIT’s earnings last quarter?
Orion Office REIT released its earnings results on Mar 05, 2026. The company reported -$0.64 earnings per share for the quarter, missing the consensus estimate of -$0.13 by -$0.51.
Is Orion Office REIT overvalued?
According to Wall Street analysts Orion Office REIT’s price is currently Undervalued.
Does Orion Office REIT pay dividends?
Orion Office REIT pays a Quarterly dividend of $0.02 which represents an annual dividend yield of 7.34%. See more information on Orion Office REIT dividends here
What is Orion Office REIT’s EPS estimate?
Orion Office REIT’s EPS estimate is -0.12.
How many shares outstanding does Orion Office REIT have?
Orion Office REIT has 56,436,054 shares outstanding.
What happened to Orion Office REIT’s price movement after its last earnings report?
Orion Office REIT reported an EPS of -$0.64 in its last earnings report, missing expectations of -$0.13. Following the earnings report the stock price went down -3.922%.
Which hedge fund is a major shareholder of Orion Office REIT?
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
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Analyst Consensus
Moderate Buy
Average Price Target:
$3.00 (51.52% Upside)
$3.00 (51.52% Upside)
Blogger Sentiment
Bullish
ONL Sentiment 100%
Sector Average ―
Sector Average ―
Insider Transactions
Bought Shares
Worth $4.3K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 2.0%
Last 30 Days ▲ 2.7%
Last 30 Days ▲ 2.7%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-9.67%
12-Months-Change
Fundamentals
Return on Equity
-20.16%
Trailing 12-Months
Asset Growth
-12.42%
Trailing 12-Months
Company Description
Orion Office REIT
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
Q4 2026
0:00 / 0:00
Earnings Call Sentiment|Neutral
The call highlighted meaningful operational progress — notably large leasing volumes, longer WALT on new leases, improved leased rates and occupancy, substantial disposition proceeds and liquidity improvements, and a targeted shift toward higher-quality dedicated use assets. Offsetting these positives were material year-over-year declines in revenue, core FFO and adjusted EBITDA, a sharp increase in CapEx as leasing is executed, sustained high leverage ratios, and a significant impairment/uncertainty related to a joint venture. Management presented a credible path to stabilization and core FFO growth in 2026, but near-term financial headwinds and JV risk temper the outlook.View all ONL earnings summariesONL Stock 12 Month Forecast
Average Price Target
$3.00
▲(51.52% Upside)
Technical Analysis
Ownership Overview
4.28% Insiders
6.02% Mutual Funds
30.91% Other Institutional Investors
52.42% Public Companies and
Individual Investors