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…
$2.63
$0.05 (-1.87%)
EOD Jul 17, 2026
The business is unprofitable at the operating level (-65.37% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 10.4% YoY. Margins deteriorated 23.3pp alongside, both lines moving the wrong way.
ROIC dropped from -4.16% to -6.45%, capital efficiency is deteriorating. Operating margin contracted 23.3pp YoY, cost discipline may be slipping.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$146M
▼ -10.4% YoY
Net Income (TTM)
-$144M
▼ -35.2% YoY
Op. Margin
-67.67%
▼ -23.3pp YoY
ROIC
-6.80%
▼ -2.3pp YoY
Cash Flow & Balance Sheet
FCF
N/A
Op. Cash Flow (TTM)
$18M
▼ -56.5% YoY
Net Debt
$499M
Cash & Equiv.
$10M
5Y CAGR: +22.5%
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Orion Properties (ONL)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in .
On quality, Orion Properties scores 8/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 6.0%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Orion Properties scores 8 out of 100 on Intrinsiqq's quality score, a weighted blend of 2 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a -67.7% operating margin and a -6.8% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, Orion Properties pays a regular dividend of about $0.16 per share per year (typically in quarterly installments), a yield of roughly 6.0% at the current price. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For ONL's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. you should weigh ONL's valuation and scores 8/100 on quality (lower-quality). It also yields about 6.0%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.