Orion Properties Inc
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Orion Properties Inc AI Insights
Informational only. Not investment advice.Snapshot
- Net loss of -136.3M TTM yields -90% net margin vs industry median +15.5% - severe operational distress[Net Margin TTM]
- Trading at 0.2x book value (P/B) with 131M market cap vs 579M tangible book - priced for liquidation[P/B Ratio]
- 110M current debt due with only 32.6M cash and -15M FCF TTM - near-term refinancing critical[Current Debt]
Watch Triggers
- Current Debt: Refinancing announcement or maturity extension — 110M due soon with 32.6M cash - survival depends on this
- Operating Margin TTM: Improvement above 5% — Currently 0.3% - needs 15x improvement to cover interest
- Free Cash Flow TTM: Turn positive — -15M FCF means equity dilution or asset sales inevitable
Bull Case
Deep value at 0.2x P/B and 0.87x P/S - if company survives refinancing, tangible book of 579M implies 4x upside to NAV
5Y revenue CAGR of 23% exceeds industry median 6.7% - growth platform exists if capital structure fixed
Bear Case
Interest expense 32.3M exceeds operating income 0.5M by 65x - debt service unsustainable without asset sales
ROIC of -11% and ROE of -19% TTM destroying shareholder value; no path to profitability visible
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
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Forward Thesis
Debt maturity wall forces asset sales or dilutive equity raise within 12 months
- 110M current debt vs 32.6M cash
- Negative FCF of -15M prevents organic deleveraging
- 0.76 debt/equity limits additional borrowing capacity
Gross margin of 56% suggests viable core if operating costs restructured
- Gross profit 84.4M on 150.8M revenue
- Operating expense 83.9M nearly equals gross profit
- Depreciation 14.7M is non-cash cushion
Valuation Context
Caveats
ONL Fundamentals
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$160.26M | — | ||
$643.91M | — | ||
0.00 | — | ||
$145.92M | -6.3% | — | |
$-2.55 | — | ||
0.43% | +14.7% | — | |
-98.4% | -43.0% | — | |
$-44.78M | — | ||
-21.1% | -10.4% | — | |
Beta 5Y (Monthly) | unknown | — |
ONL Dividend History
2026
$0.04002025
$0.08002024
$0.40002023
$0.40002022
$0.4000ONL Stock Splits
ONL SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
05/07/26 | 03/31/26 | 10-Q | |
03/05/26 | 12/31/25 | 10-K | |
11/06/25 | 09/30/25 | 10-Q | |
08/06/25 | 06/30/25 | 10-Q | |
05/07/25 | 03/31/25 | 10-Q | |
03/05/25 | 12/31/24 | 10-K | |
11/07/24 | 09/30/24 | 10-Q | |
08/08/24 | 06/30/24 | 10-Q | |
05/08/24 | 03/31/24 | 10-Q | |
02/27/24 | 12/31/23 | 10-K | |
11/09/23 | 09/30/23 | 10-Q | |
08/09/23 | 06/30/23 | 10-Q | |
05/09/23 | 03/31/23 | 10-Q | |
03/08/23 | 12/31/22 | 10-K | |
11/02/22 | 09/30/22 | 10-Q | |
08/03/22 | 06/30/22 | 10-Q | |
05/04/22 | 03/31/22 | 10-Q | |
03/24/22 | 12/31/21 | 10-K | |
12/02/21 | 09/30/21 | 10-Q | |
10/04/21 | 06/30/21 | 10-12B | |
05/04/22 | 03/31/21 | 10-Q | |
10/04/21 | 12/31/20 | 10-12B | |
12/02/21 | 09/30/20 | 10-Q | |
10/04/21 | 06/30/20 | 10-12B |