Orion Properties Inc. (ONL) Q3 FY2026 earnings

Reported results

• GAAP total revenues were $35.4 million for the third quarter of 2026.
• GAAP net loss attributable to common stockholders was $(3.3) million, or $(0.06) per basic and diluted share, for the third quarter of 2026.
• Non-GAAP Funds from Operations (“FFO”) was $9.2 million, or $0.16 per diluted share, for the third quarter of 2026.
• Non-GAAP Core FFO was $11.4 million, or $0.20 per diluted share, for the third quarter of 2026.
• Non-GAAP EBITDA and EBITDAre were both $16.4 million, and Non-GAAP Adjusted EBITDA was $16.5 million for the third quarter of 2026.
• Non-GAAP Net Debt to Annualized Most Recent Quarter Adjusted EBITDA was 5.6x as of September 30, 2026.

Guidance

• For full year 2026, the company expects Core FFO per share in the range of $0.75 to $0.78.
• For full year 2026, the company expects Net Debt to Adjusted EBITDA in the range of 5.8x to 6.4x.
• For full year 2026, General and Administrative Expense guidance is expected to be between $19.8 million and $20.8 million.
• For full year 2026, diluted net income per share attributable to common stockholders is expected to be between $0.01 and $0.04.

Notes

Beginning January 1, 2026, the company revised its definition and calculation of Net Debt to add restricted cash to the amounts that reduce Adjusted Principal Outstanding, which was applied retrospectively for comparison purposes.

Price and volatility reaction

Source

The figures above come from the earnings release the company filed with the SEC on 2026-11-05 (8-K, Item 2.02). Read the original filing on sec.gov.