ONL Q1 2024 Earnings — Orion Properties Inc. Revenue & Financial Results | Market Cap Arena

ONLOrion Properties Inc.

$141M

Q1 2024 Earnings

Real Estate REIT - Office

Income Statement

Revenue

$47M-6.0% YoY

Gross Profit

$31M66.1% margin

Operating Income

$2M3.5% margin

Net Income

-$26M-55.6% margin

EPS (Diluted)

$-0.47

QoQ Revenue Growth

+7.9%

Cash Flow

Operating Cash Flow

$11M

Free Cash Flow

$7M

Stock-Based Comp.

$790,000

Balance Sheet

Total Assets

$1.4B

Total Liabilities

$530M

Stockholders' Equity

$855M

Cash & Equivalents

$24M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$47M	$50M	-6.0%
Gross Profit	$31M	$35M	-10.5%
Operating Income	$2M	$2M	-31.0%
Net Income	-$26M	-$9M	-195.2%

Revenue Segments

Rental Revenue

$47M100%

Fees From Unconsolidated Joint Venture

$202,0000%