ONL Stock — Orion Office Reit Inc

Orion Office Reit Inc (ONL)

Updated October 16, 2026.

ONL is a Stock. its distribution rate is 3.88%, its trailing-12-month yield is 3.88%. Dividend Vision Distribution Safety Score™ is 28/100 (Elevated risk). Total return is -89.1% over the past 5 years, 166.5 points behind SPY at 77.4%.

Orion Office REIT owns and manages a diversified portfolio of mission-critical and corporate headquarters office buildings in high-quality suburban markets across the U.S., leasing primarily to creditworthy tenants on a single-tenant net lease basis. The company distributes quarterly at a modest current distribution rate. This REIT appeals to income-focused investors seeking exposure to the office real estate sector.

ONL performance versus SPY

Price and return data through 2026-10-16.

Total return is -89.1% over the past 5 years, 166.5 points behind SPY at 77.4%. Over the past year its total return — price change plus distributions reinvested — is -15.8%. Its deepest 1-year drawdown was 30.3%.

ONL key facts

Distribution Safety Score™

28 · Elevated risk

Safety-Adjusted Yield

1.09%

Asset type

Stock

Asset class

Equity

Inception date

11/01/2021

Distribution rate

3.88%

Distribution frequency

Quarterly

Trailing yield

3.88%

5-year average yield

3.97

Last close

$2.06 (as of 2026-10-16)

Market cap

$117,512,111

Average volume

692370.0

Dividend

$0.02

Ex-dividend date

09/30/2026

Payment date

10/15/2026

Beta

1.608

Payout ratio

0.0%

EPS

$-1.68

How Dividend Vision calculates yield and returns

Distribution rate (3.88%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (3.88%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

ONL risks and drawbacks

ONL's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 30.3%.

Who may consider ONL — and who may not

ONL may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (ONL pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on ONL

• All tickers starting with O

Tagged: Net Lease, REIT, Real Estate, Dividend.

Frequently asked questions