Orion Properties (ONL) Operating Expenses (2020 - 2026)

Orion Properties' (ONL) quarterly Operating Expenses came in at $39.6 million in Q1 2026, up 1.27% year-on-year from $39.1 million in Q1 2025, and down 19.71% quarter-over-quarter from $49.4 million in Q4 2025.

Orion Properties (ONL) Operating Expenses (2020 - 2026) Analysis & Trends

Orion Properties has disclosed Operating Expenses across 7 years of filings, most recently posting $39.6 million for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $39.6 million, up 1.27% year-over-year; the trailing twelve-month figure through Mar 2026 was $244.7 million (up 17.6% YoY), and the FY2025 annual result was $244.2 million, up 4.27% from the prior year.
  • Operating Expenses came in at $39.6 million for Q1 2026 at Orion Properties, down from $49.4 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $100.4 million in Q3 2025 to a low of $39.1 million in Q1 2025.
  • The 5-year median for Operating Expenses is $58.4 million (2023), against an average of $59.8 million.
  • Across the five-year window, Operating Expenses jumped 486.49% in 2022 and tumbled 40.21% in 2023, its largest moves.
  • Orion Properties' Operating Expenses stood at $63.1 million in 2022, then retreated by 17.23% to $52.3 million in 2023, then grew by 20.58% to $63.0 million in 2024, then declined by 21.66% to $49.4 million in 2025, then slipped by 19.71% to $39.6 million in 2026.
  • The last three Operating Expenses figures came in at $39.6 million (Q1 2026), $49.4 million (Q4 2025), and $100.4 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Alexandria Real Estate Equities 9.03 Bn 9.03 Bn - 634.35 Mn
2 Cousins Properties 4.85 Bn 4.87 Bn 180.52 Mn 285.09 Mn
3 Kilroy Realty 4.57 Bn 4.57 Bn -59.85 Mn 208.92 Mn
4 Sl Green Realty 3.90 Bn 4.01 Bn 252.80 Mn 61.46 Mn
5 Copt Defense Properties 3.85 Bn 3.90 Bn 195.09 Mn 142.32 Mn
6 Highwoods Properties 3.25 Bn 3.27 Bn - 410.82 Mn
7 Douglas Emmett 2.11 Bn 3.29 Bn 176.48 Mn 202.02 Mn
8 Empire State Realty OP 1.49 Bn 1.49 Bn - 160.87 Mn
9 Piedmont Realty Trust 1.15 Bn 1.15 Bn 85.99 Mn 124.51 Mn
10 Orion Properties 161.78 Mn 152.77 Mn - 39.64 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 39.64 Mn
Dec 31, 2025 49.37 Mn
Sep 30, 2025 100.41 Mn
Jun 30, 2025 55.24 Mn
Mar 31, 2025 39.14 Mn
Dec 31, 2024 63.02 Mn
Sep 30, 2024 41.13 Mn
Jun 30, 2024 64.76 Mn
Mar 31, 2024 65.25 Mn
Dec 31, 2023 52.26 Mn
Sep 30, 2023 58.39 Mn
Jun 30, 2023 59.90 Mn
Mar 31, 2023 51.68 Mn
Dec 31, 2022 63.14 Mn
Sep 30, 2022 97.66 Mn
Jun 30, 2022 60.38 Mn
Mar 31, 2022 55.61 Mn
Dec 31, 2021 10.77 Mn
Sep 30, 2021 32.71 Mn
Jun 30, 2021 27.77 Mn