Orion Office REIT (ONL) to Release Earnings on Thursday

Key Points

• Orion Office REIT will report Q1 2026 results after the market close on May 7; analysts expect EPS of ($0.12) and revenue of $34.408 million, and the company has set FY2026 guidance of $0.69–$0.76 EPS.
• In the prior quarter the REIT missed estimates, reporting EPS of ($0.64) versus a ($0.13) consensus and revenue of $35.22 million, and it shows a very negative net margin (~94%) and negative ROE (~20%); shares trade near $2.82 with a market cap around $160 million.
• The company pays a small quarterly dividend of $0.02 (annualized $0.08, yield ~2.8%), analyst coverage is mixed with an average "Hold" rating and $3.00 price target, and institutional investors own roughly 80% of the stock.

Orion Office REIT (NYSE:ONL - Get Free Report) is expected to be posting its Q1 2026 results after the market closes on Thursday, May 7th. Analysts expect Orion Office REIT to post earnings of ($0.12) per share and revenue of $34.4080 million for the quarter. Orion Office REIT has set its FY 2026 guidance at 0.690-0.760 EPS. Individuals can check the company's upcoming Q1 2026 earning summary page for the latest details on the call scheduled for Friday, May 8, 2026 at 10:00 AM ET.

Orion Office REIT (NYSE:ONL - Get Free Report) last announced its quarterly earnings data on Thursday, March 5th. The company reported ($0.64) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.51). The firm had revenue of $35.22 million for the quarter, compared to analyst estimates of $36.18 million. Orion Office REIT had a negative net margin of 94.35% and a negative return on equity of 20.13%.

Orion Office REIT Price Performance

Shares of ONL opened at $2.82 on Thursday. Orion Office REIT has a 52 week low of $1.63 and a 52 week high of $3.05. The company has a current ratio of 2.39, a quick ratio of 2.39 and a debt-to-equity ratio of 0.74. The firm has a market cap of $160.20 million, a price-to-earnings ratio of -1.13 and a beta of 1.38. The stock has a 50 day moving average of $2.37 and a 200-day moving average of $2.34.

Orion Office REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Tuesday, March 31st. Orion Office REIT's payout ratio is currently -3.21%.

Institutional Investors Weigh In On Orion Office REIT

Large investors have recently added to or reduced their stakes in the stock. Gabelli Funds LLC bought a new stake in Orion Office REIT in the second quarter valued at $26,000. Hudson Bay Capital Management LP bought a new position in shares of Orion Office REIT during the second quarter worth about $30,000. SmartHarvest Portfolios LLC bought a new position in shares of Orion Office REIT during the fourth quarter worth about $35,000. Jain Global LLC acquired a new stake in shares of Orion Office REIT in the 4th quarter worth about $49,000. Finally, Algert Global LLC bought a new stake in Orion Office REIT in the 3rd quarter valued at about $67,000. 79.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ONL has been the subject of several recent research reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of Orion Office REIT in a research note on Tuesday, April 21st. Wall Street Zen raised shares of Orion Office REIT from a "sell" rating to a "hold" rating in a report on Saturday, January 10th. Finally, JonesTrading raised shares of Orion Office REIT from a "hold" rating to a "buy" rating and set a $3.00 price objective for the company in a research report on Monday, January 26th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $3.00.

Orion Office REIT Company Profile

Orion Office REIT is a publicly traded real estate investment trust that acquires, owns and manages a diversified portfolio of Class A office properties across high-growth U.S. markets. The company focuses on suburban and infill locations, targeting properties with strong tenant credit profiles and long-term lease structures. Its business strategy emphasizes active asset management, capital recycling and selective development to enhance income stability and potential total return for shareholders.

Orion Office REIT debuted on the New York Stock Exchange under the ticker ONL following a spin-off from Government Properties Income Trust in June 2021, though many of its core assets trace back to acquisitions made as early as 2013.

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