NYSE$ONL

Orion Office Reit Inc. · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Orion Properties Inc. reported its Q2 2025 financial results with a net loss of $25.1 million.

Orion Properties Inc. reported total revenues of $37.3 million for the three months ended June 30, 2025, down from $40.1 million in the prior year period due to lower occupancy and property dispositions. The company recorded a net loss attributable to common stockholders of $25.1 million, or $0.45 per share, and maintained a portfolio occupancy rate of 76.8% across 66 operating properties.

  • Total revenues declined 7% year-over-year to $37.3 million primarily due to lease expirations and property sales.
  • Net loss attributable to common stockholders was $25.1 million, including $19.5 million in impairment charges.
  • Portfolio occupancy stood at 76.8% with a weighted average remaining lease term of 5.5 years.
  • The company completed four property dispositions for $26.9 million and executed 179,000 square feet of new and renewal leases.

Headline financials

Total Revenue

$37.3M

Previous: $40.1M-7.0%
EPS (adj)

-$0.45

Previous: -$0.60+25.0%
Occupancy rate

76.8%

Previous: 79.7%-3.6%
Weighted avg. remaining lease term

5.5

No prior period
Investment-grade tenants

68.5%

No prior period
Capital Expenditures

$0.00

Previous: $0.00
Net Income

-$25.1M

Previous: -$33.8M+25.7%
Operating Income

-$26M

Previous: -$11.6M-125.2%
Cash & Equivalents

$17.4M

Previous: $24.2M-28.2%
Total Assets

$1.29B

Previous: $1.34B-3.9%

Revenue & EPS history

Orion Office REIT · Revenue · Quarterly

$37.3M

Q2 2025-7%vs Q2 2024
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Orion Office REIT · $37.3M total across 2 segments · Q2 2025

  • Rental
    $37.1M
  • Fee income from unconsolidated joint venture
    $203K

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

-4.8%

Avg return

Earnings day

-6.1%

Avg return

5 days after

-9.1%

Avg return

30 days after

32%

7 / 22 earnings

Positive

+6.1%

Q3 2025

Best reaction

-29.4%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
Q1 2026-2.8%+0.3%-2.4%
Q4 2025-3.1%-5.9%-14.5%
Q3 2025+6.1%-0.4%-15.9%
Q1 2025-2.5%+8.5%+5.5%
Q4 2024-29.4%-36.9%-51.9%
Q3 2024+1.8%-3.0%+1.3%
Q2 2024+0.3%-1.3%+8.8%
Q1 2024+0.6%+10.4%+3.0%
Q4 2023-14.8%-17.1%-18.8%
Q3 2023-1.2%+1.4%+10.5%
Q2 2023+4.2%+4.6%-10.7%
Q1 2023-2.7%-10.0%+3.5%
Q4 2022-0.7%-11.3%-12.2%
Q3 2022-1.7%-2.7%+1.7%
Q2 2022+0.3%+1.4%-8.2%
Q1 2022-2.4%-5.5%-4.9%
Q1 2021-2.4%-5.5%-4.9%
Q2 2021-14.1%-16.5%-24.1%
Q4 2020-14.1%-16.5%-24.1%
Q4 2021-14.1%-16.5%-24.1%
Q4 2019-14.1%-16.5%-24.1%
Q3 2021+0.8%+4.3%+5.7%
Q3 2020
Q2 2020
Q1 2020

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