Orion Properties Inc. ONL

Company Overview

Orion Properties Inc. (NYSE: ONL) is a U.S.-based real estate investment trust (REIT) focused primarily on owning, acquiring, and managing office properties, with an emphasis on single-tenant net lease office assets and select diversified commercial real estate opportunities. The company operates within the commercial real estate and real estate investment industries and generates revenue primarily through rental income from long-term lease agreements with corporate and governmental tenants.

The company was formed through the separation of office assets from Realty Income Corporation and began operating as an independent public company in 2021 under the name Orion Office REIT Inc. Public filings and company disclosures indicate that the company later adopted the name Orion Properties Inc. as part of a broader repositioning strategy intended to expand operational flexibility and improve portfolio diversification. Orion’s portfolio historically included suburban office properties leased to investment-grade and creditworthy tenants across multiple industries, including financial services, government, healthcare, and professional services. Its strategic positioning has centered on active asset management, lease restructuring, selective dispositions, and capital recycling within a challenging U.S. office market environment.