Orion Properties Inc.
- ONL · NYSE
- Real Estate Investment Trusts
- Phoenix, AZ
- 37 employees
- CIK 0001873923
Updated from SEC filings through
Top things to know
Executives
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Gavin B. Brandon Executive Vice President, Chief Financial Officer and Treasurer 10-K, 2026-03-05 -
Revea L. Schmidt Chief Accounting Officer 10-K, 2026-03-05 -
Paul C. Hughes General Counsel & Secretary 4, 2026-03-16 - Gavin Brandon See Remarks. 4, 2026-03-16
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Paul H. Mcdowell See Remarks. 4, 2026-03-16 - Revea Lynn Schmidt See Remarks. 4, 2026-03-16
Orion Properties Inc. is a U.S. public company in real estate investment trusts (SIC 6798), headquartered in Phoenix, AZ. It trades as ONL on NYSE. Revenue was $148M in the fiscal year ending December 31, 2025, -10.4% from the year before. It reported about 37 employees.
Five-year financials
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $148M 10-K, 2026-03-05 | $165M 10-K, 2026-03-05 | $195M 10-K, 2026-03-05 | $208M 10-K, 2025-03-05 | $79.7M 10-K, 2024-02-27 |
| Operating income | Not on file | Not on file | Not on file | Not on file | Not on file |
| SG&A | $20.3M 10-K, 2026-03-05 | $20.1M 10-K, 2026-03-05 | $18.7M 10-K, 2026-03-05 | $15.9M 10-K, 2025-03-05 | $3.8M 10-K, 2024-02-27 |
| Net income | -$139M 10-K, 2026-03-05 | -$103M 10-K, 2026-03-05 | -$57.3M 10-K, 2026-03-05 | -$97.5M 10-K, 2025-03-05 | -$47.5M 10-K, 2024-02-27 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| Gavin B. Brandon | Executive Vice President, Chief Financial Officer and Treasurer | 10-K, 2026-03-05 |
| Revea L. Schmidt | Chief Accounting Officer | 10-K, 2026-03-05 |
| Paul C. Hughes General Counsel & Secretary at Orion Properties | General Counsel & Secretary | 4, 2026-03-16 |
| Gavin Brandon | See Remarks. | 4, 2026-03-16 |
| Paul H. Mcdowell | See Remarks. | 4, 2026-03-16 |
| Revea Lynn Schmidt | See Remarks. | 4, 2026-03-16 |
| Christopher Haviland Day | See Remarks. | 4, 2026-03-16 |
| Reginald H. Gilyard | Director, Non-Executive Chairman | 10-K, 2026-03-05 |
| Gregory J. Whyte | Director | 10-K, 2026-03-05 |
| Kathleen R. Allen | Director | 10-K, 2026-03-05 |
| Richard J. Lieb | Director | 10-K, 2026-03-05 |
What Orion Properties Inc. does
Orion Properties Inc. is an internally managed real estate investment trust (“REIT”) engaged in the ownership, acquisition, and management of a diversified portfolio of office properties located in high-quality suburban markets across the United States and leased primarily on a single-tenant net lease basis to creditworthy tenants. Our portfolio is comprised of traditional office properties, as well as governmental, medical office, flex/laboratory and R&D and flex/industrial properties.
Item 1. Business, 10-K for the year ending December 31, 2025
Shares and governance
| Shares outstanding | 57.0 million (as of October 30, 2026) | 10-Q, November 5, 2026 |
|---|---|---|
| Public float | $117M (as of June 30, 2025) | 10-K, March 5, 2026 |
| Reportable segments | 1 (period ending September 30, 2026) | 10-Q, November 5, 2026 |
| Latest proxy statement | Meeting May 13, 2026 (filed March 20, 2026) | DEF 14A, March 20, 2026 |
| Auditor | Kpmg LLP (San Diego, CA) | Latest 10-K |
Insider trades
Open-market buys and sales by officers and directors, from Forms 4 and 5. One row per filing.
| Date | Insider | Trade | Shares | Value | Source |
|---|---|---|---|---|---|
| August 27, 2025 | Reginald Harold Gilyard Director | Buy | 55,000 | $160K | Form 4, August 28, 2025 |
Recent 8-K events
- 8-K filed 2026-11-05
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-08-06
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-05-13
- Item 5.07 Submission of matters to a vote of security holders
- 8-K filed 2026-05-07
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-03-05
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-02-19
- Item 1.01 Entry into a material definitive agreement
- Item 1.02 Termination of a material definitive agreement
- Item 2.03 Creation of a direct financial obligation
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-01-26
- Item 1.01 Entry into a material definitive agreement
- Item 7.01 Regulation FD disclosure
- 8-K filed 2025-11-10
- Item 1.02 Termination of a material definitive agreement
- 8-K filed 2025-11-06
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2025-09-22
- Item 7.01 Regulation FD disclosure
Frequently asked questions about Orion Properties Inc.
- What does Orion Properties Inc. do?
- In its own words, from Item 1 of its 10-K: "Orion Properties Inc. is an internally managed real estate investment trust (“REIT”) engaged in the ownership, acquisition, and management of a diversified portfolio of office properties located in high-quality suburban markets across the United States and leased primarily on a single-tenant net lease basis to creditworthy tenants. Our portfolio is comprised of traditional office properties, as well as governmental, medical office, flex/laboratory and R&D and flex/industrial properties."
- What is Orion Properties Inc.'s revenue?
- $148M for the fiscal year ending December 31, 2025, from its 10-K filed March 5, 2026.
- Is Orion Properties Inc. profitable?
- Orion Properties Inc. reported net income of -$139M for the fiscal year ending December 31, 2025.
- How many employees does Orion Properties Inc. have?
- About 37 as of December 31, 2025, as stated in its annual report.
- Who is the CFO of Orion Properties Inc.?
- Gavin B. Brandon, Executive Vice President, Chief Financial Officer and Treasurer, as named in a 10-K filed March 5, 2026.
- Where is Orion Properties Inc. headquartered?
- Phoenix, AZ.
- What is Orion Properties Inc.'s stock ticker?
- ONL on NYSE.
- What industry is Orion Properties Inc. in?
- Real Estate Investment Trusts, SIC code 6798.
- What is Orion Properties Inc.'s website?
- onlreit.com.
- When does Orion Properties Inc. report earnings next?
- November 20, 2026 at 13:00. Source: sec_8k.
- Is Orion Properties Inc. a public company?
- Yes. Orion Properties Inc. files with the SEC under CIK 0001873923 and trades as ONL.
- Who audits Orion Properties Inc.?
- Kpmg LLP, San Diego, CA, as named in its latest annual report (10-K).
- How many shares of Orion Properties Inc. are outstanding?
- 57.0 million shares as of October 30, 2026, from its 10-Q filed November 5, 2026.
- What is Orion Properties Inc.'s public float?
- $117M as of June 30, 2025, as reported on the cover of its 10-K filed March 5, 2026.
- How many business segments does Orion Properties Inc. report?
- 1 reportable segment for the period ending September 30, 2026, from its 10-Q filed November 5, 2026.
- When is Orion Properties Inc.'s annual shareholder meeting?
- May 13, 2026, per its proxy statement (DEF 14A) filed March 20, 2026.
- Have Orion Properties Inc. insiders traded stock recently?
- Since August 27, 2025, officers and directors reported 0 open-market sales and 1 purchase worth about $160K on Forms 4 and 5. The most recent: Reginald Harold Gilyard (Director) bought 55,000 shares on August 27, 2025.