📊 ONL Key Takeaways
Is Orion Properties Inc. (ONL) a Good Investment?
Orion Properties is in severe financial distress with collapsing profitability (−37.4% net margin), declining revenue (−10.4% YoY), and negative operating cash flow of −$7.7M. The company maintains only $10.3M in cash against $497.3M in long-term debt, creating an acute liquidity crisis with no visible path to operational profitability.
Orion Properties exhibits severe GAAP losses and a double-digit revenue decline, driving deeply negative operating and net margins with weak ROE and ROA. While leverage is moderate and operating cash flow is positive, the magnitude of losses and lack of interest coverage signal fragile profitability and limited cushion. Fundamentals must improve in cash generation and coverage before the outlook becomes attractive.
Orion Properties Inc. Key Strengths (ONL)
- Moderate debt-to-equity ratio of 0.82x suggests leverage is not at extreme levels
- Substantial asset base of $1.2B indicates underlying real estate holdings with potential recoverable value
- Stockholders' equity of $608.5M provides a balance sheet cushion
- Moderate leverage with debt/equity around 0.75x
- Positive operating cash flow and FCF (about 16% margin)
- Large asset base ($1.17B) supporting balance sheet flexibility
ONL Stock Risks: Orion Properties Inc. Investment Risks
- Negative operating cash flow (−$7.7M) and declining revenue (−10.4% YoY) indicate structural business deterioration
- Critically low cash position ($10.3M) against $497.3M long-term debt creates imminent refinancing and covenant compliance risk
- Persistent unprofitability with deteriorating EPS (−34.8% YoY) and operating margin of −37.2% shows no reversal trajectory
- For a REIT structure, negative operating income is fundamentally inconsistent with the real estate income generation model
- Persistently negative operating and net margins (~-94%)
- Revenue down 10.4% YoY, indicating potential portfolio/occupancy pressure
- Low cash ($22.36M) against $465M long-term debt and unclear interest coverage/refinancing risk
Key Metrics to Watch
- Operating cash flow trend and quarterly path to positive OCF
- Cash balance adequacy relative to debt maturity schedule and covenant requirements
- Revenue stabilization or growth inflection point
- Debt refinancing ability and credit facility covenant status
- Operating cash flow and FFO/AFFO trajectory
- Interest coverage ratio and debt maturities
Orion Properties Inc. (ONL) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The current ratio below 1.0x warrants monitoring of short-term liquidity.
ONL Profit Margin, ROE & Profitability Analysis
ONL vs Real Estate Sector: How Orion Properties Inc. Compares
How Orion Properties Inc. compares to Real Estate sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Orion Properties Inc. Stock Overvalued? ONL Valuation Analysis 2026
Based on fundamental analysis, Orion Properties Inc. has mixed fundamental signals relative to the Real Estate sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Orion Properties Inc. Balance Sheet: ONL Debt, Cash & Liquidity
ONL Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Orion Properties Inc.'s revenue has grown significantly by 145% over the 5-year period, indicating strong business expansion. The most recent EPS of $-1.02 indicates the company is currently unprofitable.
ONL Revenue Growth, EPS Growth & YoY Performance
ONL Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $36.3M | -$9.4M | $-0.17 |
| Q3 2025 | $37.1M | -$10.2M | $-0.18 |
| Q2 2025 | $37.3M | -$25.1M | $-0.45 |
| Q1 2025 | $38.0M | -$9.4M | $-0.17 |
| Q3 2024 | $39.2M | -$10.2M | $-0.18 |
| Q2 2024 | $40.1M | -$15.7M | $-0.28 |
| Q1 2024 | $47.2M | -$8.9M | $-0.16 |
| Q3 2023 | $49.1M | -$16.5M | $-0.29 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Orion Properties Inc. Dividends, Buybacks & Capital Allocation
ONL SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Orion Properties Inc. (CIK: 0001873923)
📋 Recent SEC Filings
❓ Frequently Asked Questions about ONL
What is the AI rating for ONL?
Orion Properties Inc. (ONL) has a Combined AI Grade of C from Claude (D) and ChatGPT (C) with 81% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are ONL's key strengths?
Claude: Moderate debt-to-equity ratio of 0.82x suggests leverage is not at extreme levels. Substantial asset base of $1.2B indicates underlying real estate holdings with potential recoverable value. ChatGPT: Moderate leverage with debt/equity around 0.75x. Positive operating cash flow and FCF (about 16% margin).
What are the risks of investing in ONL?
Claude: Negative operating cash flow (−$7.7M) and declining revenue (−10.4% YoY) indicate structural business deterioration. Critically low cash position ($10.3M) against $497.3M long-term debt creates imminent refinancing and covenant compliance risk. ChatGPT: Persistently negative operating and net margins (~-94%). Revenue down 10.4% YoY, indicating potential portfolio/occupancy pressure.
What is ONL's revenue and growth?
Orion Properties Inc. reported revenue of $36.3M.
Does ONL pay dividends?
Orion Properties Inc. pays dividends, with $1.1M distributed to shareholders in the trailing twelve months.
Where can I find ONL SEC filings?
Official SEC filings for Orion Properties Inc. (CIK: 0001873923) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is ONL's EPS?
Orion Properties Inc. has a diluted EPS of $-0.24.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.
What is ONL's fundamental grade?
Based on our AI fundamental analysis in May 2026, Orion Properties Inc. has a C grade with 81% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is ONL stock overvalued or undervalued?
Valuation metrics for ONL: ROE of -2.2% (sector avg: 8%), net margin of -37.4% (sector avg: 20%). Compare these metrics with sector averages to assess valuation.
What is ONL's AI grade for 2026?
Our dual AI analysis gives Orion Properties Inc. a combined C grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is ONL's free cash flow?
Orion Properties Inc.'s operating cash flow is $-7.7M, with capital expenditures of N/A. FCF margin is -21.3%.
How does ONL compare to other Real Estate stocks?
Vs Real Estate sector averages: Net margin -37.4% (avg: 20%), ROE -2.2% (avg: 8%), current ratio N/A (avg: 1.5).