Orion Properties posts investor presentation on shift toward dedicated-use net lease assets

Since the 2021 spin, Orion leased 4.4 million square feet, sold 39 properties for $228.1 million, and reduced debt by $183 million.

Orion Properties outlined a strategy to cut exposure to traditional office assets, recycling capital into “Dedicated Use Assets” such as government, medical, lab, R&D.

As of June 30, 2026, the portfolio included 57 operating properties, 6,352,000 rentable square feet, 78.1% occupancy, and a 6.2-year WALT.

Annualized base rent totaled $107.99 million, or $17 per rentable square foot; investment-grade tenancy was 69.1% of ABR.

Dedicated Use Assets represented 38.7% of ABR; 2026 included one acquisition for $15 million at an 8.1% cash cap rate.