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Orion Office Reit Inc (ONL)

Upturn stock ratingUpturn stock rating
$2.87
Last Close (24-hour delay)
Profit since last BUY28.12%
upturn advisory
Consider higher Upturn Star rating
BUY since 58 days
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  • SELL Advisory (Loss)​
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Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
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Time period over
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Upturn Advisory Summary

09/16/2025: ONL (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

1 Analysts rated it

Very few follow this stock; limited insights, higher-risk early investing.

1 Year Target Price $8

1 Year Target Price $8

Analysts Price Target For last 52 week
$8 Target price
52w Low $1.45
Current$2.87
52w High $4.17

Analysis of Past Performance

Type Stock
Historic Profit -44.4%
Avg. Invested days 25
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 1.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 09/16/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 163.88M USD
Price to earnings Ratio -
1Y Target Price 8
Price to earnings Ratio -
1Y Target Price 8
Volume (30-day avg) 1
Beta 1.45
52 Weeks Range 1.45 - 4.17
Updated Date 09/16/2025
52 Weeks Range 1.45 - 4.17
Updated Date 09/16/2025
Dividends yield (FY) 8.05%
Basic EPS (TTM) -1.38

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin -50.99%
Operating Margin (TTM) 3.51%

Management Effectiveness

Return on Assets (TTM) -0.16%
Return on Equity (TTM) -10.01%

Valuation

Trailing PE -
Forward PE -
Enterprise Value 651489609
Price to Sales(TTM) 1.08
Enterprise Value 651489609
Price to Sales(TTM) 1.08
Enterprise Value to Revenue 4.26
Enterprise Value to EBITDA 27.09
Shares Outstanding 56314600
Shares Floating 49323172
Shares Outstanding 56314600
Shares Floating 49323172
Percent Insiders 9.34
Percent Institutions 61.41

ai summary icon Upturn AI SWOT

Orion Office Reit Inc

stock logo

Company Overview

overview logo History and Background

Orion Office REIT Inc. (ONL) was formed in November 2021 as a spin-off from Realty Income Corporation, focusing on single-tenant and small multi-tenant Class B office properties in the U.S.

business area logo Core Business Areas

  • Office Property Ownership: Orion Office REIT acquires, owns, and manages a portfolio of single-tenant and small multi-tenant office buildings. The company aims to lease these properties to creditworthy tenants.

leadership logo Leadership and Structure

The CEO is currently Paul H. McDowell. The company operates with a typical REIT structure, with a board of directors overseeing management.

Top Products and Market Share

overview logo Key Offerings

  • Office Leases: Orion Office REIT's primary offering is leasing office space to tenants, generating rental income. Market share data is difficult to pinpoint precisely, but ONL competes with other REITs and private landlords in specific geographic markets. Competitors include companies with similar Class B portfolios and local landlords.

Market Dynamics

industry overview logo Industry Overview

The office REIT industry is currently facing headwinds due to increased remote work trends, leading to lower occupancy rates and rental pressures. There is also competition from alternative workplace solutions.

Positioning

Orion Office REIT focuses on Class B office properties, which are generally smaller and less expensive than Class A properties. This positions them towards a different segment of the office market and might offer potentially more flexibility to attract more tenant. Competitors are many REITs and landlords focusing on this class of properties.

Total Addressable Market (TAM)

The total addressable market for office space is vast, measured in trillions of dollars. ONL is a small player with market capitalization of around $100M and is therefore significantly positioned with respect to TAM.

Upturn SWOT Analysis

Strengths

  • Focused strategy on single-tenant and small multi-tenant office properties.
  • Potential for higher yields in secondary markets.
  • Experienced management team (at time of spin-off).

Weaknesses

  • High tenant concentration and a long-term lease strategy could be seen as a risk
  • Smaller market capitalization compared to larger REITs.
  • Sensitivity to economic downturns and changes in office demand.
  • High cost of debt financing.

Opportunities

  • Capitalize on distressed office properties through acquisitions.
  • Improve property management and tenant relationships.
  • Diversify tenant base to reduce concentration risk.
  • Renovate properties and increase appeal and value.

Threats

  • Continued decline in office space demand due to remote work.
  • Rising interest rates increasing borrowing costs.
  • Economic recession impacting tenant financial stability.
  • Competition from newer, more modern office buildings.

Competitors and Market Share

competitor logo Key Competitors

  • O
  • SLG
  • BDN
  • CUZ
  • DEI
  • SRC

Competitive Landscape

ONL is much smaller than most of its competitors. It focuses on a different area and has different priorities.

Growth Trajectory and Initiatives

Historical Growth: Historical growth trends require analyzing financial statements over time.

Future Projections: Future projections typically come from analyst reports and company guidance.

Recent Initiatives: Recent initiatives require monitoring company announcements and news releases.

Summary

Orion Office REIT faces significant challenges due to the current office market environment, including reduced demand and higher interest rates. Its focus on Class B properties presents an opportunity for value investing if it can maintain occupancy. However, it is a relatively small player with higher risk associated with tenant concentration and limited financial flexibility. Future success depends on strategic acquisitions, efficient management, and adapting to evolving workplace trends.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company filings
  • Financial news sources
  • Analyst reports

Disclaimers:

The data and analysis provided are for informational purposes only and do not constitute financial advice. Market data can change rapidly.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Orion Office Reit Inc

Exchange NYSE
Headquaters Phoenix, AZ, United States
IPO Launch date 2021-11-15
CEO, President & Director Mr. Paul H. McDowell J.D.
Sector Real Estate
Industry REIT - Office
Full time employees 40
Full time employees 40

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.S. The portfolio is leased primarily on a single-tenant net lease basis to creditworthy tenants. The company's team of experienced industry leaders employs a proven, cycle-tested investment evaluation framework which serves as the lens through which capital allocation decisions are made for the current portfolio and future acquisitions.