The earnings call presented a mixed outlook. While the company highlighted strong leasing activity, successful property sales, and a strategic shift towards more stable dedicated use assets, these positives were offset by decreased revenues, increased vacancies, and higher CapEx. The market conditions and economic uncertainties continue to pose challenges.

Company Guidance -

Q2 2025

During Orion Properties' First Quarter 2025 earnings call, the company provided guidance for the full year 2025, reaffirming their core funds from operations (FFO) range of $0.61 to $0.70 per diluted share, and general and administrative (G&A) expenses between $19.5 million and $20.5 million. The net debt to adjusted EBITDA is expected to range from 8 to 8.8 times. Orion reported first-quarter revenues of $38 million, a net loss of $9.4 million or $0.17 per share, and a core FFO of $10.7 million or $0.19 per share. The company highlighted leasing activities, with over 450,000 square feet leased and an operating property lease rate of 77.4%. They also discussed their strategic shift towards dedicated use assets and their continued property sales to maintain liquidity, which stood at $244.5 million as of early May. Additionally, Orion's Board declared a quarterly cash dividend of $0.02 per share for the second quarter of 2025.

Strong Leasing Activity

Over 450,000 square feet of leasing completed as of May 6, 2025, with a weighted average lease term of 7.4 years. Included a significant 15.7-year lease in Parsippany, New Jersey.

Successful Property Sales

Closed on the sale of three vacant properties totaling 287,000 square feet for a gross sales price of $19.1 million, and two properties totaling 211,000 square feet are under contract for $27.3 million.

Shift Towards Dedicated Use Assets

Approximately 32% of the portfolio by annualized base rent and 25% by square footage are now dedicated use assets, expected to increase through dispositions and acquisitions.

Strong Liquidity Position

Liquidity remains strong at $244.5 million, represented by cash on hand and the available balance on the revolver.

Orion Office REIT (ONL) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

ONL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 06, 2025	2025 (Q2)	- / -	-0.6	―	―	―
May 07, 2025	2025 (Q1)	- / -0.17	-0.47	63.83% (+0.30)
Mar 05, 2025	2024 (Q4)	- / -0.59	-0.29	-103.45% (-0.30)
Nov 07, 2024	2024 (Q3)	- / -0.18	-0.29	37.93% (+0.11)
Aug 08, 2024	2024 (Q2)	- / -0.60	-0.28	-114.29% (-0.32)
May 08, 2024	2024 (Q1)	- / -0.47	-0.16	-193.75% (-0.31)
Feb 27, 2024	2023 (Q4)	- / -0.29	-0.33	12.12% (+0.04)
Nov 09, 2023	2023 (Q3)	- / -0.29	-0.94	69.15% (+0.65)
Aug 09, 2023	2023 (Q2)	- / -0.28	-0.27	-3.70% (-0.01)
May 09, 2023	2023 (Q1)	- / -0.16	-0.17	5.88% (+0.01)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

ONL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 07, 2025	$1.97	$1.92	-2.54%
Mar 05, 2025	$3.78	$2.67	-29.37%
Nov 07, 2024	$3.79	$3.89	+2.64%
Aug 08, 2024	$3.59	$3.50	-2.51%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Orion Office REIT (ONL) report earnings?

Orion Office REIT (ONL) is schdueled to report earning on Aug 06, 2025, After Close (Confirmed).

What is Orion Office REIT (ONL) earnings time?

Orion Office REIT (ONL) earnings time is at Aug 06, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

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What is ONL EPS forecast?

Currently, no data Available

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