Orion Properties Inc.
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 6, 2025
ONL$2.69+14.5%Stored close · as of Nov 6, 2026
Contents
Consolidated Balance Sheets as of September 30, 2025 and December 31, 2024
CONSOLIDATED BALANCE SHEETS
(In thousands, except for share and per share data) (Unaudited)
| September 30, 2025 | December 31, 2024 | |
|---|---|---|
| ASSETS | ||
| Real estate investments, at cost: | ||
| Land | $187,415 | $227,145 |
| Buildings, fixtures and improvements | 986,834 | 1,055,307 |
| Total real estate investments, at cost | 1,174,249 | 1,282,452 |
| Less: accumulated depreciation | 188,317 | 177,906 |
| Total real estate investments, net | 985,932 | 1,104,546 |
| Accounts receivable, net | 32,611 | 22,833 |
| Intangible lease assets, net | 80,102 | 95,944 |
| Cash and cash equivalents | 32,639 | 15,600 |
| Restricted cash | 30,126 | 41,570 |
| Real estate assets held for sale, net | 14,969 | 9,671 |
| Other assets, net | 46,414 | 46,258 |
| Total assets | $1,222,793 | $1,336,422 |
| LIABILITIES AND EQUITY | ||
| Mortgages payable, net | $371,772 | $371,222 |
| Credit facility revolver | 110,000 | 119,000 |
| Accounts payable and accrued expenses | 40,300 | 31,585 |
| Below-market lease liabilities, net | 18,959 | 20,596 |
| Distributions payable | 1,126 | 5,633 |
| Other liabilities, net | 20,519 | 23,130 |
| Total liabilities | 562,676 | 571,166 |
| Common stock, $0.001 par value, 100,000,000 shares authorized 56,314,634 and 55,951,876 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively | 56 | 56 |
| Additional paid-in capital | 1,150,246 | 1,148,223 |
| Accumulated other comprehensive loss | (17) | (15) |
| Accumulated deficit | (491,463) | (384,348) |
| Total stockholders’ equity | 658,822 | 763,916 |
| Non-controlling interest | 1,295 | 1,340 |
| Total equity | 660,117 | 765,256 |
| Total liabilities and equity | $1,222,793 | $1,336,422 |
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