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16.12.25 - 14:36
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Kawa Capital Management Presses for Accountability and Board Transparency at Orion Properties (Business Wire)
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Firm Says Orion Is Using Technicalities to Avoid Shareholder Accountability
MIAMI--(BUSINESS WIRE)--Kawa Capital Management, Inc., on behalf of certain of its advised accounts (together, “Kawa”), today is issuing a statement in response to a November 26, 2025 letter from Orion Properties, Inc. (“Orion” or the “Company”) that questioned the validity of Kawa's advance notice submissions for the nomination of five highly qualified director candidates at Orion's 2026 Annual Meeting.
Kawa has responded to the Company making clear that Kawa fully complied with Orion's Bylaws and further provided extensive, good-faith disclosures that exceed what the Bylaws or applicable law requires. As Orion's largest shareholder, Kawa is disappointed that the Company has chosen to elevate hyper-technical objections over a straightforward opportunity for shareholders to evaluate the best path forward. The letter from Orion was aimed at distracting from the underlying issue: whether shareholders will be given a ...
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19.11.25 - 13:06
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Orion Properties Confirms Receipt of Director Nominees (Business Wire)
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No Stockholder Action is Required at this TimePHOENIX--(BUSINESS WIRE)--Orion Properties Inc. (NYSE: ONL) (“Orion” or the “Company”) today confirmed that it has received notice from Kawa Capital Management (“Kawa”) that Kawa has nominated five individuals to stand for election to the Orion Board of Directors at the Company's 2026 Annual Meeting of Stockholders.
The Board's Nominating and Corporate Governance Committee will review the proposed nominees in accordance with the Company's process and guidelines. The Board will make its formal recommendation regarding director nominations in the Company's proxy statement, which will be filed with the Securities and Exchange Commission (the “SEC”) and mailed to stockholders eligible to vote at the 2026 Annual Meeting of Stockholders, which has not yet been scheduled. Stockholders are not required to take any action at this time.
About Orion Properties Inc.
Orion Properties Inc. is an internally-managed real estate investment trust engaged in ...
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06.11.25 - 22:18
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Orion Properties Inc. Announces Third Quarter 2025 Results (Business Wire)
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- Completed 919,000 Square Feet of Leasing Year-to-Date, Including 303,000 Square Feet in the Third Quarter and 57,000 Square Feet Subsequent to Quarter End -
- Sold Eight Properties Year-to-Date for $64.4 Million, Including Three Properties in the Third Quarter for $21.8 Million and One Property for $15.7 Million Subsequent to Quarter End -
- Declares Dividend for Fourth Quarter 2025 -
- Improved 2025 Guidance Outlook -
PHOENIX--(BUSINESS WIRE)--Orion Properties Inc. (NYSE: ONL) (“Orion” or the “Company”), a fully-integrated real estate investment trust (“REIT”) which owns a diversified portfolio of single-tenant net lease office properties including dedicated use assets located across the United States, announced today its operating results for the quarter ended September 30, 2025.
Paul McDowell, Orion's Chief Executive Officer, commented, “We continued to advance on our key priorities during the quarter, with a heavy focus on non-core asset sales and leasing activity as part of our ongoi...
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10.10.25 - 22:18
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Orion Properties Inc. Announces Third Quarter 2025 Earnings Release and Webcast Dates (Business Wire)
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PHOENIX--(BUSINESS WIRE)--Orion Properties Inc. (NYSE: ONL) (“Orion” or the “Company”), a fully-integrated real estate investment trust which owns a diversified portfolio of single-tenant net lease office properties including dedicated use assets located across the United States, announced today that it will release its operating results for the third quarter ended September 30, 2025 after market close on Thursday, November 6, 2025.
Webcast and Conference Call Information
Orion will host a webcast and conference call to review its results at 10:00 a.m. ET on Friday, November 7, 2025. The webcast and call will be hosted by Paul McDowell, Chief Executive Officer and President, and Gavin Brandon, Chief Financial Officer, Executive Vice President and Treasurer. To participate, the webcast can be accessed live by visiting the “Investors” section of Orion's website at onlreit.com/investors. To join the conference call, callers from the United States and Canada should dial 1-844-539-3703, and intern...
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06.08.25 - 22:18
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Orion Properties Inc. Announces Second Quarter 2025 Results (Business Wire)
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- Completed 639,000 Square Feet of Leasing Year-to-Date, Including 179,000 Square Feet in the Second Quarter and 80,000 Square Feet Subsequent to Quarter End -
- Sold Four Vacant Properties in the Second Quarter for $26.9 Million -
- Declares Dividend for Third Quarter 2025 -
- Increases 2025 Core FFO Guidance Range and Lowers 2025 Net Debt to Adjusted EBITDA Range -PHOENIX--(BUSINESS WIRE)--Orion Properties Inc. (NYSE: ONL) (“Orion” or the “Company”), a fully-integrated real estate investment trust (“REIT”) which owns a diversified portfolio of single-tenant net lease office properties including dedicated use assets located across the United States, announced today its operating results for the second quarter ended June 30, 2025.
Paul McDowell, Orion's Chief Executive Officer, commented, “We are effectively executing on our key priorities - leasing and non-core asset sales. Through early August, we have delivered 639,000 square feet of leasing this year while monetizing 23 properties total...
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28.07.25 - 14:06
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Orion Properties Board of Directors Unanimously Rejects Revised Proposal from Kawa Capital Management (Business Wire)
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Board Determined Revised Proposal Continues to Significantly Undervalue the Company and is Not in the Best Interests of Orion and its StockholdersPHOENIX--(BUSINESS WIRE)--Orion Properties Inc. (NYSE: ONL) (“Orion” or the “Company”) today announced that the Company's Board of Directors unanimously concluded that the revised non-binding acquisition proposal to acquire all of the outstanding shares of Orion for $2.75 per share in cash submitted by Kawa Capital Management on July 17, 2025, is not in the best interests of Orion's stockholders. This determination follows a review process conducted by the Orion Board in consultation with its independent financial and legal advisors.
Reginald H. Gilyard, Non-Executive Chairman of the Orion Board and an Independent Director, said, “As it did with Kawa Capital's initial proposal, the Orion Board of Directors has reviewed the revised proposal in consultation with its outside financial and legal advisors and determined that Kawa Capital's proposed tran...
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17.07.25 - 22:21
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Orion Properties Inc. Confirms Receipt of Revised Unsolicited Non-Binding Indication of Interest from Kawa Capital Management (Business Wire)
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PHOENIX--(BUSINESS WIRE)--Orion Properties Inc. (NYSE: ONL) (“Orion” or the “Company”) confirmed its receipt today of a revised unsolicited, non-binding indication of interest from Kawa Capital Management, Inc. (“Kawa”) to potentially acquire all of the outstanding shares of common stock of the Company not already owned by Kawa for cash consideration of $2.75 per share. Kawa previously submitted a proposal on June 20, 2025, to acquire the Company's outstanding shares of common stock for cash consideration of $2.50 per share, and which the Orion Board of Directors rejected on July 9, 2025.
As done with the initial Kawa indication of interest, and consistent with its fiduciary duties and in consultation with its independent legal and financial advisors, Orion's Board of Directors will carefully review and evaluate Kawa's revised indication of interest to determine the course of action that it believes is in the best interests of the Company and all Orion shareholders.
Orion does not intend to...
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11.07.25 - 22:21
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Orion Properties Inc. Announces Second Quarter 2025 Earnings Release and Webcast Dates (Business Wire)
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PHOENIX--(BUSINESS WIRE)--Orion Properties Inc. (NYSE: ONL) (“Orion” or the “Company”), a fully-integrated real estate investment trust which owns a diversified portfolio of single-tenant net lease office properties including dedicated use assets located across the United States, announced today that it will release its operating results for the second quarter ended June 30, 2025 after market close on Wednesday, August 6, 2025.
Webcast and Conference Call Information
Orion will host a webcast and conference call to review its results at 10:00 a.m. ET on Thursday, August 7, 2025. The webcast and call will be hosted by Paul McDowell, Chief Executive Officer and President, and Gavin Brandon, Chief Financial Officer, Executive Vice President and Treasurer. To participate, the webcast can be accessed live by visiting the “Investors” section of Orion's website at onlreit.com/investors. To join the conference call, callers from the United States and Canada should dial 1-844-539-3703, and internation...
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09.07.25 - 22:15
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Orion Properties Board of Directors Unanimously Rejects Unsolicited Proposal from Kawa Capital Management (Business Wire)
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Board Determined Proposal Significantly Undervalues the Company and is Not in the Best Interests of Orion and its StockholdersPHOENIX--(BUSINESS WIRE)--Orion Properties Inc. (NYSE: ONL) (“Orion” or the “Company”) today announced that the Company's Board of Directors unanimously concluded that the acquisition proposal to acquire all of the outstanding shares of Orion for $2.50 per share in cash submitted by Kawa Capital Management on June 20, 2025, is not in the best interests of Orion's stockholders. This determination follows a review process conducted by the Orion Board in consultation with its independent financial and legal advisors.
Reginald H. Gilyard, Non-Executive Chairman of the Orion Board and an Independent Director, said, “After careful consideration, the Orion Board of Directors determined that Kawa Capital's proposed transaction significantly undervalues the Company and is not in the best interests of Orion stockholders. The Board is always open to evaluating opportunities to en...
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20.06.25 - 23:36
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Orion Properties Inc. Confirms Receipt of Unsolicited Non-Binding Indication of Interest from Kawa Capital Management (Business Wire)
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PHOENIX--(BUSINESS WIRE)--Orion Properties Inc. (NYSE: ONL) (“Orion” or the “Company”) confirmed its receipt today of an unsolicited, non-binding indication of interest from Kawa Capital Management, Inc. (“Kawa”) to potentially acquire all of the outstanding shares of common stock of the Company not already owned by Kawa for cash consideration of $2.50 per share.
Kawa currently beneficially owns 5,474,027 of the outstanding shares of the Company's common stock, or approximately 9.7%, based on its most recent Schedule 13D filing dated June 20, 2025.
Consistent with its fiduciary duties and in consultation with its independent legal and financial advisors, Orion's Board of Directors will carefully review and evaluate the unsolicited indication of interest to determine the course of action that it believes is in the best interests of the Company and all Orion shareholders.
Orion does not intend to comment further on Kawa's unsolicited indication of interest until the Board has completed its re...
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