Overview

* Orion Q2 revenue of $37.3 mln beats analyst expectations, per LSEG data

* Co raises 2025 Core FFO guidance and lowers net debt to adj EBITDA range

* Completed 639,000 sq ft of leasing YTD, in Q2 sold four properties for $26.9 mln

Outlook

* Company raises 2025 Core FFO guidance to $0.67-$0.71 per share

* Orion lowers 2025 Net Debt to Adjusted EBITDA range to 7.3x-8.3x

* Company maintains 2025 General and Administrative Expense guidance at $19.5 mln-$20.5 mln

Result Drivers

* LEASING ACTIVITY - Completed 639,000 sq ft of leasing YTD, including 179,000 sq ft in Q2

* ASSET SALES - Sold four vacant properties for $26.9 mln in Q2

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $37.30 $36.50

Revenue mln mln (1

Analyst)

Q2 Net -$25.10

Income mln

Q2 $18 mln

Adjusted

EBITDA

Q2 Beat $11.50 $0.17 (1

Adjusted mln Analyst)

FFO

Q2 FFO $8.90

mln

Analyst Coverage

* The one available analyst rating on the shares is "hold"

* The average consensus recommendation for the commercial reits peer group is "hold"

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)