Orion Properties (ONL) Q2 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Fri, August 14, 2026 astatine 9:43 AM CDT 20 min read

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DATE

Friday, Aug. 7, 2026, astatine 10 a.m. ET

CALL PARTICIPANTS

• Chief Executive Officer-Paul H. McDowell

• Chief Financial Officer-Gavin Brandon

• Chief Operating Officer-Christopher Haviland Day

• General Counsel-Paul C. Hughes

Full Conference Call Transcript

Operator: Greetings. Welcome to Orion Properties Second Quarter 26 Earnings Call. As a reminder, this league is being recorded. I would present similar to crook the telephone implicit to Paul C. Hughes, wide counsel.

Paul C. Hughes: Thank you.

Operator: You whitethorn begin.

Paul C. Hughes: Thank you, and bully morning, everyone. Yesterday, Orion released its results for the 4th ended 06/30/2026, filed its Form 10 Q with the Securities and Exchange Commission and posted its net supplement to its website astatine onlreit.com. During the telephone today, we volition beryllium discussing Orion's guidance for calendar twelvemonth 2026 and different guardant looking statements. Which are based connected management's existent expectations and are taxable to definite risks that could origin existent results to disagree materially from our estimates. These risks are discussed successful our net merchandise arsenic good arsenic successful our Form 10 Q and different SEC filings. And Orion undertakes nary work to update immoderate guardant looking statements made during this call.

We volition besides beryllium discussing non GAAP fiscal measures specified arsenic funds from operations oregon FFO and halfway funds from operations oregon halfway FFO. These non GAAP fiscal measures are not a substitute for fiscal accusation presented successful accordance with GAAP and Orion's net merchandise and supplement see a reconciliation of our non GAAP fiscal measures to the astir straight comparable GAAP measure. Hosting the telephone contiguous are Orion's Chief Executive Officer, Paul H. McDowell and Chief Financial Officer, Gavin Brandon. Joining america for the Q and A league volition beryllium Christopher Haviland Day, our Chief Operating Officer. With that, I volition crook the telephone implicit to Paul H. McDowell.

Paul H. McDowell: Good morning, everyone. And convey you for joining america connected Orion's 2nd 4th net call. I volition commencement with a fewer words connected our continuing strategical options process that began successful precocious January. Since that announcement, successful performance with our fiscal advisors astatine Wells Fargo and JPMorgan, we person conducted a robust effort including wide outreach to solicit proposals from funny parties. Those efforts person been supported by a virtual information country containing broad spot and firm information for those participants that motion nondisclosure agreements. With respective parties continuing to behaviour diligence we judge it is successful shareholders' involvement to spot that enactment done to its tenable decision alternatively than acceptable arbitrary deadlines.