Cash Position
The company is cashflow positive based on quarterly cash flow of 13.56 M
Commentary on Financial Condition
Orion Properties Inc. is facing financial challenges due to declining demand for office space, resulting in significant lease expirations and a decrease in revenues by 15.5% in 2024. The company is managing a high level of debt, with $492 million in consolidated debt and $231 million in borrowing capacity, and has taken steps to extend its revolving credit facility to May 2026. Orion is shifting its portfolio focus towards dedicated use assets and has reduced its dividend to retain cash, but faces risks related to refinancing debt and maintaining occupancy levels amidst market uncertainties., Filed At: 2025-03-05
Former Symbols
Nasdaq Compliance
Date
Deficiency
Market
Status
Notes
Previous Splits
Date
Split
Shelf
Title | Raisable Amt | Offering Amt | Amt Sold Last 12 Mos | Float | 60 Day High | Price to Exceed Baby Shelf | Float Value | Exp Date | Effective date | |
|---|---|---|---|---|---|---|---|---|---|---|
November 2022 SHELF | $750,000,000.00 | $750.00 M | 55.33 M | 2.49 | 1.36 | 137.77 M | 11/15/2025 | 11/15/2022 |
ATM
Title | ATM Remaining | Offering Amt | Exp Date | Shr Amt | Bank | Date | Type | |
|---|---|---|---|---|---|---|---|---|
November 2022 ATM | $100,000,000.00 | $100.00 M | 11/15/2025 | - | - | Nov 15, 2022 | 424B5 |