ONL News & Analysis

Orion Office REIT (ONL) Raises 2026 Core FFO Guidance to $0.72-$0.77

Orion Office REIT (ONL) updated its 2026 Core FFO guidance to a range of $0.72 to $0.77 per share, improving from prior estimates of $0.69 to $0.76. The company reported second-quarter Core FFO remained stable at $0.20 per share, with revenue of $34.3 million down from $37.3 million a year earlier. Additionally, net debt to annualized adjusted EBITDA decreased to 5.4x from 6.4x, with a liquidity position of approximately $177 million. This matters for investors as the company continues its strategic review and debt repayment while improving leasing activity by completing 673,000 square feet year to date.