Orion Properties Inc. Announces Third Quarter 2026 Results
Business Wire•05/11/2026•16:15 ET
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Key Highlights
- ➤2026 Core FFO guidance raised to $0.75-$0.78 per share from $0.72-$0.77
- ➤Net Debt to Adjusted EBITDA guidance improved to 5.8x-6.4x from 6.0x-6.8x
- ➤Third-quarter Core FFO rose to $0.20 per diluted share from $0.19
- ➤Year-to-date leasing reached 922,000 square feet, including 222,000 subsequent to quarter-end
- ➤Strategic options review remains ongoing amid challenges from rising Treasury rates
Expert Statements
Paul McDowell, Chief Executive Officer of Orion Properties Inc.
“We continue to build on the progress from earlier in the year, and remain on pace to lease over one million square feet with approximately 922,000 square feet already completed so far this year. Strongly positive cash rent spreads on third quarter renewals coupled with positive rent spreads overall for the year so far reflect our ability to capture meaningful rent growth as our leases roll. We also further strengthened our balance sheet this year, reducing Net Debt to Annualized Most Recent Quarter Adjusted EBITDA to 5.6x. These results reflect the sustained execution of our strategy and give us confidence in our ability to drive Core FFO per share growth over time. We remain committed to maximizing stockholder value while our strategic options review process continues.”
- Completed 922,000 Square Feet of Leasing Year-to-Date, Including 143,000 Square Feet in the Third Quarter and 222,000 Square Feet Subsequent to Quarter End -
- Raises 2026 Core FFO Guidance Range and Improves 2026 Net Debt to Adjusted EBITDA Range -
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