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Orion Office Reit Inc (ONL)


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Upturn Advisory Summary
10/22/2025: ONL (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $8
1 Year Target Price $8
0 | Strong Buy |
0 | Buy |
1 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -44.19% | Avg. Invested days 31 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 144.73M USD | Price to earnings Ratio - | 1Y Target Price 8 |
Price to earnings Ratio - | 1Y Target Price 8 | ||
Volume (30-day avg) 1 | Beta 1.42 | 52 Weeks Range 1.44 - 4.14 | Updated Date 10/22/2025 |
52 Weeks Range 1.44 - 4.14 | Updated Date 10/22/2025 | ||
Dividends yield (FY) 9.41% | 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 635158365 | Price to Sales(TTM) 0.95 |
Enterprise Value 635158365 | Price to Sales(TTM) 0.95 | ||
Enterprise Value to Revenue 4.16 | Enterprise Value to EBITDA 26.41 | Shares Outstanding 56314634 | Shares Floating 49323172 |
Shares Outstanding 56314634 | Shares Floating 49323172 | ||
Percent Insiders 9.34 | Percent Institutions 61.4 |
Upturn AI SWOT
Orion Office Reit Inc

Company Overview
History and Background
Orion Office REIT Inc. was formed as a spin-off from Realty Income Corporation in November 2021. It focuses on owning and managing a portfolio of single-tenant and multi-tenant office properties across the United States.
Core Business Areas
- Office Property Ownership and Management: Orion Office REIT focuses on acquiring, owning, and managing a diverse portfolio of office properties primarily leased to single tenants or a limited number of tenants. The company aims to generate stable cash flow through long-term leases and effective property management.
Leadership and Structure
The company is led by its executive management team and overseen by a Board of Directors. Specific details of their names and roles should be confirmed from their investor relations website.
Top Products and Market Share
Key Offerings
- Office Space Leasing: Orion Office REIT's primary product is leasing office space in its portfolio of properties. Market share data is difficult to pinpoint precisely due to the fragmented nature of the US office market. Competitors include other office REITs and private real estate owners.
Market Dynamics
Industry Overview
The US office market is currently facing headwinds due to the rise of remote work, economic uncertainty, and increased interest rates. Vacancy rates have increased in many markets, putting pressure on rents.
Positioning
Orion Office REIT is positioned as a focused office REIT, targeting specific types of properties. However, the market is competitive. Its success depends on its ability to attract and retain tenants in a challenging environment.
Total Addressable Market (TAM)
The TAM for US office space is estimated in the trillions of dollars. Orion Office REIT's share of the TAM is relatively small, indicating significant potential for growth but also intense competition.
Upturn SWOT Analysis
Strengths
- Focused strategy on office properties
- Diversified geographic portfolio
- Experienced management team
Weaknesses
- High leverage
- Tenant concentration
- Exposure to declining office market
Opportunities
- Acquisition opportunities at distressed prices
- Repositioning properties for new uses
- Capitalizing on emerging trends in office design
Threats
- Continued decline in office demand
- Rising interest rates
- Increased competition
Competitors and Market Share
Key Competitors
- BXP
- SLG
- VNO
- PGRE
Competitive Landscape
Orion Office REIT faces a competitive landscape with larger, more established REITs. Its ability to differentiate itself through property selection and tenant relationships will be crucial.
Growth Trajectory and Initiatives
Historical Growth: Historical growth is limited due to the company's recent spinoff. It's important to analyze performance since the initial formation.
Future Projections: Future growth projections are subject to change based on market conditions and the company's strategic decisions. Analyst estimates vary.
Recent Initiatives: Recent strategic initiatives would be detailed in company press releases and investor presentations.
Summary
Orion Office REIT is a relatively new company operating in a challenging office market. Its strengths lie in its focused strategy, but it faces headwinds from high leverage and declining office demand. Future success depends on its ability to execute its strategy effectively and adapt to changing market conditions. Monitor their SEC filings to track performance.
Peer Comparison
Sources and Disclaimers
Data Sources:
- SEC filings, Company website, Financial news sources
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. Market data is subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
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 | Website https://www.onlreit.com |
Full time employees 40 | Website https://www.onlreit.com |
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.

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