Orion Properties Inc.

Orion Properties Inc. is an internally managed real estate investment trust (REIT) that owns, acquires, and manages a diverse portfolio of office properties. These properties are located in high-quality suburban markets throughout the United States and are primarily leased on a single-tenant net lease basis to creditworthy tenants. The company's portfolio includes traditional office properties, as well as governmental, medical office, flex/laboratory, R&D, and flex/industrial properties. Orion Properties Inc. plans to gradually shift its portfolio concentration away from traditional office properties towards more specialized assets that include an office component. The company was initially formed as a wholly owned subsidiary of Realty Income Corporation. Following the merger of Realty Income and VEREIT, Inc. on November 1, 2021, Realty Income contributed certain office real properties and related assets from both Realty Income and VEREIT subsidiaries to Orion Properties Inc. and its operating partnership, Orion Properties LP. On November 12, 2021, Realty Income distributed all outstanding shares of Orion Properties Inc. common stock to its stockholders, making Orion Properties Inc. an independent and publicly traded company. Its common stock, with a par value of $0.001, trades on the New York Stock Exchange (NYSE) under the symbol "ONL". The company elected to be taxed as a REIT for U.S. federal income tax purposes starting with its initial taxable year ended December 31, 2021. On January 26, 2026, Orion Properties Inc. entered into a cooperation agreement with The Kawa Fund Limited and its affiliate, Kawa Capital Management, Inc.