No insider purchase over the last 90 days. The latest was filed 28 Aug 2025.
This page follows insider dealings at Orion Properties Inc. as filed with SEC (Form 4), a company from the Real Estate sector based in Phoenix, United States. The group dates from 2021. 9 insiders have disclosed 31 filings since 18 October 2025.
Not one of the filings records a straightforward purchase or sale on the market. Such operations are usually part of compensation schedules, which makes them a weaker signal than an open-market trade.
For context, the typical company on the same exchange (median of 5,458 companies) published 22 filings over the same period, against 31 filings here. Looking back to 2021, when coverage begins, insiders filed 5 purchases and no sales. In its latest annual report filed with the SEC (10-K, fiscal year ended 31 December 2025), the company reported revenue of 147.6 m USD and net income of -139.3 m USD.
There has been no open-market purchase by an insider of Orion Properties Inc. for at least a year. Filings reach the SEC (Form 4) feed a median of 3 days after the trade. For comparison, the SEC allows two business days to file a Form 4.
In the same sector, recent insider purchases at Simon Property Group Inc /DE/ and Angel Oak Mortgage REIT, Inc. also feature in our signals. Every figure here comes from the filings published by SEC (Form 4) and describes the past, not future prices; it is not investment advice.
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Transparent value + quality ranking, distinct from the insider signal.
FY ended December 2025 · cache
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Orion Properties Inc. (NYSE: ONL) is a U.S.-listed real estate investment trust focused on single-tenant net lease office properties. The company is headquartered in Phoenix, Arizona, United States, and serves investors seeking exposure to contractual rental income backed by long-duration leases and tenant-focused real estate. Orion was founded on July 1, 2021, and began trading on the New York Stock Exchange on November 15, 2021, following the separation of office real estate assets from Realty Income and VEREIT. That origin gives the company a relatively recent corporate history, while also tying it to portfolios that were previously managed within larger, established real estate platforms.
Orion’s business model centers on owning and operating a diversified portfolio of office properties, many of which are structured as single-tenant or dedicated-use assets. In practical terms, these properties are often designed for a specific occupant and are typically leased under net lease arrangements, where the tenant bears a meaningful share of operating costs. This structure can support predictable cash flow, but it also makes asset selection, tenant credit quality, lease term management, and capital allocation especially important. Orion’s operating playbook includes selective acquisitions, targeted dispositions of non-core assets, and active leasing work, including renewals and extensions intended to preserve occupancy and improve revenue visibility.
From a competitive standpoint, Orion operates in a challenged office real estate environment, where secular demand shifts and changing workplace patterns have pressured many traditional office landlords. However, Orion’s positioning is more defensive than that of a conventional multi-tenant office REIT because its portfolio is concentrated in contractual, tenant-specific leases and spread across a broad U.S. footprint. According to the company’s latest SEC filings, Orion owned 59 operating properties as of March 31, 2026, across 27 states. That geographic diversification is a notable feature for investors evaluating local market concentration, lease rollover risk, and the resilience of the portfolio.
Recent developments have been important for the investment case. In February 2026, Orion announced a new $215 million senior secured revolving credit facility and an extension of its $355 million CMBS loan, meaningfully improving its debt maturity profile. In March 2026, the company reported full-year 2025 results highlighting meaningful leasing activity, property sales, and continued portfolio reshaping, and it also declared a quarterly dividend of $0.02 per share. Together, these updates suggest a management focus on balance-sheet repair, liquidity, and disciplined portfolio execution. For NYSE-listed investors in the United States, Orion remains a small-cap office REIT with a specialized asset base and a strategy aimed at stabilizing earnings through active asset management and financing discipline.
Purchases our model currently ranks for the recommendations list.
All recommendationsHeadquarters: Phoenix, United States · Founded: 2021
Source: Wikidata (CC0).
| Fiscal year end | Revenue | Net income | Diluted EPS | Filing |
|---|---|---|---|---|
| Dec 2025 | 147.6 m USD | -139.3 m USD | -2.48 USD | 10-K |
| Dec 2024 | 164.9 m USD | -103.0 m USD | -1.84 USD | 10-K |
| Dec 2023 | 195.0 m USD | -57.3 m USD | -1.02 USD | 10-K |
| Dec 2022 | 208.1 m USD | -97.5 m USD | -1.72 USD | 10-K |
| Dec 2021 | 79.7 m USD | -47.5 m USD | -0.84 USD | 10-K |
Amounts in USD, as filed (forms 10-K, 20-F or 40-F). Source: SEC EDGAR.