- ISIN
- US68629Y1038
- CUSIP
- 68629Y103
- Sector
- Real Estate
- Industry
- REIT - Office
- IPO Date
- Nov 15, 2021
Highlights
- Market Cap
- $162.91M
- Enterprise Value
- $152.63M
- EPS (TTM)
- -$2.55
- Total Revenue (TTM)
- $145.92M
- Gross Profit (TTM)
- $82.76M
- EBITDA (TTM)
- -$71.64M
- Year Range
- $1.89 - $3.05
- ROA (TTM)
- -12.08%
- ROE (TTM)
- -23.59%
Share Price Chart
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Performance
ONL Performance Chart
Orion Office REIT Inc. (ONL) is up 28.7% since the beginning of the year. At $3 per share, ONL is trading 5.6% below its 52-week high of $3.
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Returns By Period
Orion Office REIT Inc. (ONL) has returned 28.74% so far this year and 47.79% over the past 12 months.
Orion Office REIT Inc.
- 1D
- 0.35%
- 1M
- -4.00%
- YTD
- 28.74%
- 6M
- 34.67%
- 1Y
- 47.79%
- 3Y*
- -17.67%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
ONL Monthly Returns History
Based on dividend-adjusted daily data since Nov 15, 2021, ONL's average daily return is -0.11%, while the average monthly return is -2.12%.
Historically, 41% of months were positive and 59% were negative. The best month was Apr 2026 with a return of +33.5%, while the worst month was Mar 2025 at -47.6%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 7 months.
On a daily basis, ONL closed higher 45% of trading days. The best single day was Jun 23, 2025 with a return of +20.3%, while the worst single day was Mar 6, 2025 at -29.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.33% | 11.66% | -12.77% | 33.49% | 3.83% | -3.36% | 28.74% | ||||||
| 2025 | 9.16% | 1.73% | -47.57% | -14.49% | 4.37% | 12.56% | 23.00% | 13.36% | -8.41% | -8.52% | -8.91% | 1.35% | -36.91% |
| 2024 | -10.14% | -31.71% | 3.17% | -11.11% | 20.19% | -1.45% | 12.81% | 1.23% | 0.02% | -6.75% | 13.40% | -9.88% | -27.43% |
| 2023 | 13.00% | -11.30% | -20.48% | -8.36% | -9.61% | 20.91% | -1.66% | -10.31% | -8.90% | -8.25% | 7.95% | 12.77% | -28.36% |
| 2022 | -10.87% | 2.34% | -17.23% | -4.14% | -0.67% | -17.04% | -0.18% | -9.78% | -10.34% | 7.09% | -0.85% | -6.97% | -52.44% |
| 2021 | -19.77% | 5.06% | -15.71% |
Benchmark Metrics
Orion Office REIT Inc. has an annualized alpha of -32.34%, beta of 1.03, and R2 of 0.14 versus S&P 500 Index. Calculated based on daily prices since November 15, 2021.
- This stock participated in 196.10% of S&P 500 Index downside but only 38.69% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.14 means this stock moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -32.34%
- Beta
- 1.03
- R²
- 0.14
- Upside Capture
- 38.69%
- Downside Capture
- 196.10%
Return for Risk
Risk / Return Rank
ONL ranks 69 for risk / return — better than 69% of stocks on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Orion Office REIT Inc. (ONL) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ONL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.37 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.30 | 2.78 | -1.48 |
| Martin ratioReturn relative to average drawdown | 2.74 | 12.44 | -9.70 |
Dividends
Dividend History
Orion Office REIT Inc. provided a 2.78% dividend yield over the last twelve months, with an annual payout of $0.08 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $0.08 | $0.08 | $0.40 | $0.40 | $0.40 |
Dividend yield | 2.78% | 3.54% | 10.78% | 6.99% | 4.68% |
Monthly Dividends
The table displays the monthly dividend distributions for Orion Office REIT Inc.. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $0.02 | ||||||
| 2025 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.08 |
| 2024 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.40 |
| 2023 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.40 |
| 2022 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.40 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Orion Office REIT Inc.. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Orion Office REIT Inc. was 91.38%, occurring on Apr 15, 2025. The portfolio has not yet recovered.
The current Orion Office REIT Inc. drawdown is 83.07%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -91.38%Apr 2025 | 3y 5mo | — | 4y 7moNov 2021 - now |
Drawdown Indicators
| ONL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.38% | -56.78% | -34.60% |
Max Drawdown (1Y)Largest decline over 1 year | -36.80% | -9.10% | -27.70% |
Max Drawdown (3Y)Largest decline over 3 years | -74.20% | -18.90% | -55.30% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -83.07% | -1.80% | -81.27% |
Average DrawdownAverage peak-to-trough decline | -69.52% | -10.71% | -58.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.51% | 2.03% | +15.48% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Financials
Financial Performance
The chart below illustrates the trends in the financial health of Orion Office REIT Inc. over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.
Valuation
The Valuation section provides an overview of how Orion Office REIT Inc. is priced in the market compared to other companies in the REIT - Office industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.
PS Ratio
This chart shows the Price-to-Sales (P/S) ratio for ONL relative to other companies in the REIT - Office industry. Currently, ONL has a P/S ratio of 1.1. This P/S ratio is low compared to the industry average. It may indicate that the stock is undervalued relative to its revenue, or that the market expects slower growth or lower margins.
PB Ratio
The chart illustrates the Price-to-Book (P/B) ratio for ONL in comparison with other companies in the REIT - Office industry. Currently, ONL has a P/B value of 0.3. This P/B ratio is low compared to industry peers. It might indicate the stock is undervalued or that the company’s assets are not expected to generate strong returns.
Income Statement
| TTM | |
|---|---|
Revenue | — |
Total Revenue | — |
Cost Of Revenue | — |
Gross Profit | — |
Operating Expenses | — |
Selling, General & Admin Expenses | — |
R&D Expenses | — |
Depreciation And Amortization | — |
Total Operating Expenses | — |
Income | — |
Income Before Tax | — |
Operating Income | — |
EBITDA | — |
EBIT | — |
Earnings From Continuing Operations | — |
Net Income | — |
Income Tax Expense | — |
Other Non-Operating Income (Expenses) | — |
Extraordinary Items | — |
Discontinued Operations | — |
Effect Of Accounting Charges | — |
Non Recurring | — |
Minority Interest | — |
Other Items | — |
Interest Income | — |
Interest Expense | — |
Net Interest Income | — |
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