Businesswire·2026-03-05 21:15Core Insights - Orion Properties Inc. reported significant leasing activity in 2025, completing 924,000 square feet of leasing, including 62,000 square feet in Q4, and an additional 183,000 square feet post-year-end [1][2] - The company sold 10 properties for a total of $80.7 million in 2025, with three properties sold in Q4 for $32.0 million and two additional properties sold post-year-end for $13.1 million [1][2] - A new Dedicated Use Asset was acquired for $15.0 million in February 2026, fully leased to a single tenant until December 2036 [2] - The company declared a dividend of $0.02 per share for Q1 2026, payable on April 15, 2026 [2][3] Financial Overview Fourth Quarter 2025 - Total revenues were $35.2 million, down from $38.4 million in Q4 2024 [1] - Net loss attributable to common stockholders was $(35.8) million, or $(0.64) per share, compared to $(32.8) million, or $(0.59) per share in Q4 2024 [1] - Core FFO for Q4 2025 was $10.6 million, or $0.19 per diluted share, slightly up from $10.2 million, or $0.18 per diluted share in Q4 2024 [1] Full Year 2025 - Total revenues for the year were $147.6 million, down from $164.9 million in 2024 [1] - Net loss attributable to common stockholders was $(139.3) million, or $(2.48) per share, compared to $(103.0) million, or $(1.84) per share in 2024 [1] - Core FFO for the year was $43.7 million, or $0.78 per diluted share, down from $56.8 million, or $1.01 per diluted share in 2024 [1] Leasing and Disposition Activity - In Q4 2025, the company completed three property dispositions totaling approximately 327,000 square feet for $32.0 million [1] - For the full year, 10 property dispositions totaled approximately 961,000 square feet for $80.7 million [1] - Subsequent to year-end, two non-operating property dispositions were completed for $13.1 million [1] Real Estate Portfolio - As of December 31, 2025, the portfolio consisted of 58 Operating Properties and eight Non-Operating Properties, with an occupancy rate of 78.7% [2] - Annualized Base Rent was $111.3 million, with 66.7% derived from Investment-Grade Tenants [2] - The weighted average remaining lease term was 5.7 years [2] Balance Sheet and Liquidity - As of December 31, 2025, the company had an Adjusted Principal Outstanding of $490.8 million [2] - The company had $145.9 million of liquidity, including $22.9 million in cash and $123.0 million available on the credit facility revolver [2] - A new credit facility revolver was established in February 2026, extending the maturity date until February 2028 [2] Strategic Review Process - A strategic options review process was announced on January 26, 2026, which may include potential acquisitions, mergers, or the sale of the company [3]