Orion Properties Inc.
For the period ended Dec 31, 2025. Filed Mar 5, 2026.
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FY2025 · Filed Mar 5, 2026
ONL$2.71-5.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets as of December 31, 202 and
CONSOLIDATED BALANCE SHEETS
(In thousands, except for share and per share data)
| December 31, 2025 | December 31, 2024 | |
|---|---|---|
| ASSETS | ||
| Real estate investments, at cost: | ||
| Land | $176,532 | $227,145 |
| Buildings, fixtures and improvements | 976,676 | 1,055,307 |
| Total real estate investments, at cost | 1,153,208 | 1,282,452 |
| Less: accumulated depreciation | 195,042 | 177,906 |
| Total real estate investments, net | 958,166 | 1,104,546 |
| Accounts receivable, net | 35,333 | 22,833 |
| Intangible lease assets, net | 75,947 | 95,944 |
| Cash and cash equivalents | 22,362 | 15,600 |
| Restricted cash | 38,277 | 41,570 |
| Real estate assets held for sale, net | 12,803 | 9,671 |
| Other assets, net | 27,614 | 46,258 |
| Total assets | $1,170,502 | $1,336,422 |
| LIABILITIES AND EQUITY | ||
| Mortgages payable, net | $371,957 | $371,222 |
| Credit facility revolver | 92,000 | 119,000 |
| Accounts payable and accrued expenses | 40,219 | 31,585 |
| Below-market lease liabilities, net | 18,449 | 20,596 |
| Distributions payable | 1,208 | 5,633 |
| Other liabilities, net | 22,154 | 23,130 |
| Total liabilities | 545,987 | 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 each of December 31, 2025 and December 31, 2024, respectively | 56 | 56 |
| Additional paid-in capital | 1,151,644 | 1,148,223 |
| Accumulated other comprehensive loss | (5) | (15) |
| Accumulated deficit | (528,482) | (384,348) |
| Total stockholders’ equity | 623,213 | 763,916 |
| Non-controlling interest | 1,302 | 1,340 |
| Total equity | 624,515 | 765,256 |
| Total liabilities and equity | $1,170,502 | $1,336,422 |
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