Added to YB: 2025-04-09
Pitch date: 2025-04-07
ONL [bullish]
Orion Properties Inc.
-2.29%
current return
Author Info
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Company Info
Orion Office REIT specializes in the ownership, acquisition and management of a diversified portfolio of mission-critical and corporate headquarters office buildings in high-quality suburban markets across the U.
Market Cap
$92.1M
Pitch Price
$1.75
Price Target
N/A
Dividend
4.88%
Sector
Office REITs
Category
value
Orion Properties - $ONL
ONL: Spun off from Realty Income, trades at $1.85, 14.2% cap rate, $74.7/sqft. 73.7% occupancy, 74.4% investment-grade tenants. $502.3M net debt. Risk: office sector woes. Upside: $450M value in core properties, rest at $27.51/sqft. Mgmt cutting costs, pivoting to dedicated-use assets. 3x potential if valued at $100/sqft. Insiders buying.
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