Added to YB: 2026-03-31
Pitch date: 2026-02-05
ONL [bullish]
Orion Properties Inc.
-20.88%
current return
Author Info
No bio for this author
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
$109.7M
Pitch Price
$2.46
Price Target
6.50 (+237%)
Dividend
4.14%
EV/EBITDA
11.32
P/E
-0.78
EV/Sales
4.14
Sector
Office REITs
Category
special_situation
Orion Properties Inc. - $ONL
ONL: Office REIT at <4x bottomed core FFO, 100%+ upside to $6.50 NAV in liquidation or 50%+ in strategic sale. Kawa (9%+ holder w/ 4M sqft private suburban office) signed cooperation agreement for strategic alternatives. Inflection: expiry wall cleared (53% in 3yrs → manageable), $20M+ vacancy costs dropping $10M+ as dispositions accelerate, leasing up 150% to 300K sqft/qtr. $20M G&A unsustainable on $140M cap. Risk: 4 nodes (liquidation, sale, purgatory, status quo). Balance sheet protected w/ non-recourse CMBS.
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