Orion Properties (ONL)
Market Price (2/3/2026): $2.35 | Market Cap: $132.3 MilSector: Real Estate | Industry: Office REITs
Orion Properties (ONL)
Market Price (2/3/2026): $2.35Market Cap: $132.3 MilSector: Real EstateIndustry: Office REITs
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18% | Weak multi-year price returns2Y Excs Rtn is -91%, 3Y Excs Rtn is -140% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 357% |
| Megatrend and thematic driversMegatrends include Smart Buildings & Proptech, Sustainable & Green Buildings, and E-commerce Logistics & Data Centers. Themes include IoT for Buildings, Show more. | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -11%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -8.5%, Rev Chg QQuarterly Revenue Change % is -5.2% | |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -9.9% | ||
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -108% | ||
| Key risksONL key risks include [1] a "going concern" warning driven by significant uncertainty in refinancing its 2026 credit facility and [2] an extremely high 73.7% vacancy rate that pressures finances through significant capital expenditure needs. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18% |
| Megatrend and thematic driversMegatrends include Smart Buildings & Proptech, Sustainable & Green Buildings, and E-commerce Logistics & Data Centers. Themes include IoT for Buildings, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -91%, 3Y Excs Rtn is -140% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 357% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -11%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -8.5%, Rev Chg QQuarterly Revenue Change % is -5.2% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -9.9% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -108% |
| Key risksONL key risks include [1] a "going concern" warning driven by significant uncertainty in refinancing its 2026 credit facility and [2] an extremely high 73.7% vacancy rate that pressures finances through significant capital expenditure needs. |
Qualitative Assessment
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1. Poor Third Quarter 2025 Financial Results. Although there was an initial positive market reaction (+6.12%) on November 6, 2025, following the Q3 2025 earnings release, the underlying financial performance was significantly negative. The company reported a net loss attributable to common stockholders of $(69.0) million, or $(1.23) per share, and a year-over-year decrease in net income of 576.3%. This weak financial standing, including negative free cash flow, likely contributed to sustained investor apprehension and downward pressure on the stock over the subsequent months.
2. Sustained Low Dividend Payout. The continuation of a significantly reduced quarterly cash dividend of $0.02 per share, as declared on November 5, 2025, for the fourth quarter of 2025, payable on January 15, 2026. This represents an 80% reduction compared to the $0.10 per share paid in the fourth quarter of 2024, signaling ongoing financial constraints and diminished shareholder returns.
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Stock Movement Drivers
Fundamental Drivers
The -4.8% change in ONL stock from 10/31/2025 to 2/2/2026 was primarily driven by a -3.4% change in the company's P/S Multiple.| (LTM values as of) | 10312025 | 2022026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.45 | 2.33 | -4.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 153 | 151 | -1.3% |
| P/S Multiple | 0.9 | 0.9 | -3.4% |
| Shares Outstanding (Mil) | 56 | 56 | -0.1% |
| Cumulative Contribution | -4.8% |
Market Drivers
10/31/2025 to 2/2/2026| Return | Correlation | |
|---|---|---|
| ONL | -4.8% | |
| Market (SPY) | 2.0% | 12.1% |
| Sector (XLRE) | 0.1% | 3.2% |
Fundamental Drivers
The -9.6% change in ONL stock from 7/31/2025 to 2/2/2026 was primarily driven by a -6.2% change in the company's P/S Multiple.| (LTM values as of) | 7312025 | 2022026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.58 | 2.33 | -9.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 156 | 151 | -3.1% |
| P/S Multiple | 0.9 | 0.9 | -6.2% |
| Shares Outstanding (Mil) | 56 | 56 | -0.5% |
| Cumulative Contribution | -9.6% |
Market Drivers
7/31/2025 to 2/2/2026| Return | Correlation | |
|---|---|---|
| ONL | -9.6% | |
| Market (SPY) | 10.3% | 14.9% |
| Sector (XLRE) | -0.3% | 16.7% |
Fundamental Drivers
The -40.4% change in ONL stock from 1/31/2025 to 2/2/2026 was primarily driven by a -32.3% change in the company's P/S Multiple.| (LTM values as of) | 1312025 | 2022026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.91 | 2.33 | -40.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 170 | 151 | -11.4% |
| P/S Multiple | 1.3 | 0.9 | -32.3% |
| Shares Outstanding (Mil) | 56 | 56 | -0.6% |
| Cumulative Contribution | -40.4% |
Market Drivers
1/31/2025 to 2/2/2026| Return | Correlation | |
|---|---|---|
| ONL | -40.4% | |
| Market (SPY) | 16.6% | 35.0% |
| Sector (XLRE) | 1.2% | 40.4% |
Fundamental Drivers
The -70.1% change in ONL stock from 1/31/2023 to 2/2/2026 was primarily driven by a -60.8% change in the company's P/S Multiple.| (LTM values as of) | 1312023 | 2022026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.79 | 2.33 | -70.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 199 | 151 | -24.1% |
| P/S Multiple | 2.2 | 0.9 | -60.8% |
| Shares Outstanding (Mil) | 57 | 56 | 0.6% |
| Cumulative Contribution | -70.1% |
Market Drivers
1/31/2023 to 2/2/2026| Return | Correlation | |
|---|---|---|
| ONL | -70.1% | |
| Market (SPY) | 77.5% | 36.4% |
| Sector (XLRE) | 10.7% | 49.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ONL Return | -25% | -52% | -28% | -27% | -37% | -1% | -89% |
| Peers Return | 45% | -50% | -3% | 6% | -18% | -5% | -41% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 85% |
Monthly Win Rates [3] | |||||||
| ONL Win Rate | 50% | 17% | 33% | 50% | 58% | 0% | |
| Peers Win Rate | 60% | 30% | 47% | 45% | 38% | 20% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| ONL Max Drawdown | -29% | -54% | -44% | -45% | -59% | -11% | |
| Peers Max Drawdown | -5% | -52% | -43% | -26% | -36% | -6% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: CIO, FSP, BDN, DEI, KRC.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/2/2026 (YTD)
How Low Can It Go
| Event | ONL | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -85.8% | -25.4% |
| % Gain to Breakeven | 605.8% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
Compare to CIO, FSP, BDN, DEI, KRC
In The Past
Orion Properties's stock fell -85.8% during the 2022 Inflation Shock from a high on 11/10/2021. A -85.8% loss requires a 605.8% gain to breakeven.
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About Orion Properties (ONL)
AI Analysis | Feedback
Here are 1-3 brief analogies for Orion Properties (ONL):
- Orion Properties is like Realty Income, but for office buildings.
- Orion Properties is like National Retail Properties, but for office buildings.
- Orion Properties is an office REIT, similar to Boston Properties, but specializing in single-tenant properties.
AI Analysis | Feedback
Orion Properties (ONL) is a real estate investment trust (REIT) focused on owning and managing income-generating real estate. Its major services include:- Retail Space Leasing: Providing rental units for retail businesses within shopping centers and commercial plazas.
- Office Space Leasing: Offering commercial office space for businesses across various sectors.
- Residential Leasing: Supplying rental apartments and other residential units, often integrated within mixed-use developments.
- Mixed-Use Property Leasing: Providing integrated developments that combine retail, office, and residential components for lease.
AI Analysis | Feedback
Information regarding "Orion Properties (symbol: ONL)" indicates that this appears to be a hypothetical public company, as the provided name and stock symbol combination does not correspond to an identifiable entity in major financial databases or stock exchanges. Therefore, specific customer data cannot be retrieved through standard public company research.
However, based on the typical business model of a "Properties company" operating as a public entity (such as a Real Estate Investment Trust or a major developer/owner), it is reasonable to assume that Orion Properties primarily generates revenue from leasing various types of real estate.
Assuming Orion Properties focuses on commercial real estate, it would primarily sell to other companies. Its major customers would fall into the following categories:
- Office Tenants: These are businesses across diverse sectors such as technology, financial services, legal, healthcare, and professional services that lease office spaces and buildings for their corporate operations. Since Orion Properties is hypothetical, specific customer company names and their stock symbols cannot be provided.
- Retail Tenants: This category includes various retail businesses, ranging from large grocery chains and department stores to specialty shops, restaurants, and entertainment venues, which lease commercial spaces in shopping centers, malls, or standalone retail properties. Specific customer company names and stock symbols cannot be provided for a hypothetical entity.
- Industrial and Logistics Tenants: These customers are typically manufacturing companies, warehousing and distribution firms, and e-commerce fulfillment centers that lease industrial facilities, warehouses, and logistics parks to support their supply chain operations. Specific customer company names and stock symbols are not available for this hypothetical company.
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Paul H. McDowell, Chief Executive Officer, President and Director
Mr. McDowell serves as the Chief Executive Officer and President of Orion Properties. He previously held the role of Executive Vice President and Chief Operating Officer at VEREIT, Inc. from October 2015 to November 2021. Prior to that, he was VEREIT's Co-Head of Real Estate from January 2015 to September 2015 and President, Office and Industrial Group from November 2013 to December 2014. Mr. McDowell was a founder of CapLease Inc.
Gavin B. Brandon, Executive Vice President, Chief Financial Officer and Treasurer
Mr. Brandon serves as the Executive Vice President, Chief Financial Officer, and Treasurer of Orion Properties. Before joining Orion, Mr. Brandon was the Chief Accounting Officer for VEREIT from October 2014 until November 2021. In this role, he was responsible for accounting, SEC and managerial reporting, taxation, and operational accounting, and served on VEREIT's Investment Committee, Portfolio Strategy Committee, and Cyber Committee.
Christopher H. Day, Chief Operating Officer and Executive Vice President
Mr. Day is the Executive Vice President and Chief Operating Officer of Orion Properties. He partners with the CEO and leadership team to manage daily cross-functional operations, including asset and property management and tenant relationships. Before joining Orion, he was the Senior Vice President, Head of Portfolio and Retail Asset Management for VEREIT from 2018 until November 2021.
Revea Lynn Schmidt, Senior Vice President and Chief Accounting Officer
Ms. Schmidt serves as the Senior Vice President and Chief Accounting Officer of Orion Properties. She previously held the position of Senior Vice President and Corporate Controller at VEREIT from 2014 to 2021.
Paul C. Hughes, General Counsel and Secretary
Mr. Hughes serves as the General Counsel and Secretary for Orion Properties. He has participated in Orion's earnings calls, providing legal insights and overseeing corporate governance.
AI Analysis | Feedback
The key risks to Orion Properties (ONL) are primarily centered around its financial stability and the broader challenges within the commercial real estate market.
- Going Concern and Refinancing Risk: Orion Properties faces a significant risk due to a "going concern" statement in its financials. This is primarily driven by uncertainty regarding the company's ability to extend or refinance its revolving credit facility, which matures in May 2026. The company does not expect to generate sufficient cash from operations to repay the principal outstanding under this facility. Failure to refinance could lead to dire consequences, including potentially issuing high-interest debt, undertaking a share issuance resulting in massive dilution, or being forced into distressed asset sales at unfavorable prices.
- Macroeconomic Headwinds and Interest Rate Volatility: The company is highly susceptible to broader macroeconomic conditions, including economic downturns and interest rate volatility. A recession could compel tenants to renegotiate leases or default on their obligations, directly impacting Orion Properties' revenue and cash flow. High interest rates exacerbate refinancing risks for its substantial securitized debt maturing in 2027 and other obligations. The overall pessimism in the REIT sector and shifts in office demand also present significant headwinds.
- High Vacancy Rates and Capital Expenditure Pressure: Orion Properties continues to grapple with high vacancy rates, which stood at 73.7% in Q4 2024. Despite efforts to sell undesirable assets and reposition its portfolio towards dedicated-use properties, the need for significant capital expenditures for leasing costs and property maintenance continues to pressure the company's Funds Available for Distribution (FAD). These elevated costs, coupled with stagnant revenue from vacant properties, strain the company's financial resources and hinder its turnaround efforts.
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The rapid emergence and growth of the build-to-rent single-family housing market poses a clear emerging threat to Orion Properties. This model offers professionally managed, purpose-built single-family homes for rent, directly competing with traditional multifamily apartments (Orion Properties' core business) for a significant segment of the rental market. These properties appeal to renters, particularly families, seeking more space, private outdoor areas, and a suburban lifestyle without the commitment of homeownership, thereby diverting potential demand and putting competitive pressure on multifamily occupancy and rental rates.
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Orion Properties Inc. (ONL) specializes in the ownership, acquisition, and management of a diversified portfolio of single-tenant net lease office properties across the United States. The company is strategically shifting its focus towards "dedicated use assets" that incorporate an office component, such as governmental, medical office, flex/laboratory, research and development (R&D), and flex/industrial properties. The addressable markets for these services are primarily within the U.S. commercial real estate sector.
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U.S. Commercial Real Estate Market (Overall): The total U.S. commercial real estate market size was estimated at approximately USD 1.70 trillion in 2025 and is projected to reach USD 1.94 trillion by 2030, with a compound annual growth rate (CAGR) of 2.61% during this period. Another estimate placed the market at USD 718.2 billion in 2024, expected to grow to USD 991.7 billion by 2033 at a CAGR of 3.35%. In 2022, the U.S. commercial real estate market generated revenues of approximately USD 1.2 trillion.
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U.S. Office Real Estate Market: The U.S. office real estate market was valued at USD 1.2 trillion in 2024 and is projected to reach USD 1.8 trillion by 2032, exhibiting a CAGR of 4.6% from 2025 to 2032. In 2024, the office sector represented 28.67% of the total revenue share in the U.S. commercial real estate market.
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U.S. Single-Tenant Office Sector: Investment sales in the single-tenant office sector reached USD 2.5 billion in the third quarter of 2025. The year-to-date volume for overall single-tenant investment sales across all property types (including office, industrial, and retail) was USD 33.3 billion in Q3 2025. For Q1 2025, single-tenant office sales volume was USD 1.8 billion.
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U.S. Medical Office Buildings (MOB) Market: This market segment in the United States generated revenues of USD 14,083.8 million in 2023 and is anticipated to grow to USD 22,042.6 million by 2030, with a CAGR of 6.6% from 2024 to 2030. In 2023, there were 42,260 MOBs in the U.S., encompassing 1.6 billion square feet. Investment in MOBs reached USD 14.4 billion in 2024.
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U.S. Life Sciences/Laboratory/R&D Real Estate Market: The U.S. life sciences real estate market size is forecasted to be USD 3.75 billion in 2025, with projections to reach USD 6.76 billion by 2034 at a CAGR of 6.76%. In 2023, the United States accounted for over 60% of the global life sciences real estate footprint, particularly in key clusters. The U.S. life sciences laboratory/R&D inventory expanded by 47% over the last five years to 181.7 million square feet.
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U.S. Flex/Industrial Real Estate Market: While a direct market value for "flex/industrial" is not explicitly available, the broader U.S. industrial real estate market demonstrates significant activity. Small-bay industrial (micro-flex) properties, generally under 50,000 square feet, experienced a low vacancy rate of approximately 3.4% in early 2025, indicating high demand. The overall U.S. industrial market recorded positive net absorption of 45.1 million square feet in Q3 2025.
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Orion Properties (ONL) is expected to drive future revenue growth over the next 2-3 years through several key strategies:
- Portfolio Transformation and Expansion into Dedicated Use Assets (DUAs): The company is actively shifting its portfolio composition by divesting traditional office properties and strategically acquiring Dedicated Use Assets (DUAs), which include government, medical office, flex/lab, R&D, and flex/industrial properties. This strategic pivot is anticipated to enhance portfolio quality and performance.
- Increased Occupancy and Strong Leasing Momentum: Management has highlighted continuous progress in improving occupancy rates and robust leasing activity. This includes securing new leases and extending existing ones with longer weighted average lease terms, directly contributing to higher rental income.
- Strategic Acquisitions of High-Quality Properties: Orion Properties plans to selectively invest in well-located properties within its target sectors. These acquisitions are focused on opportunities that offer attractive risk-adjusted yields, thereby expanding its revenue-generating asset base.
- Capital Expenditures for Asset Enhancement and Tenant Retention: The company is allocating capital expenditures to improve the value of its properties. These investments are aimed at making properties more attractive to prospective tenants, facilitating new lease agreements, and retaining existing tenants, which is expected to support sustained revenue growth.
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Share Repurchases
- On November 1, 2022, Orion Properties authorized a share repurchase program of up to $50.0 million, valid until December 31, 2025.
- During the year ended December 31, 2023, the company repurchased approximately 0.9 million shares for an aggregate purchase price of $5.0 million.
- As of December 31, 2024, approximately $45.0 million remained available for repurchase under the program, with no repurchases made in the nine months ended September 30, 2025, or in 2024.
Share Issuance
- Orion Properties Inc. went public on November 1, 2021, after being spun off from Realty Income on November 12, 2021.
- The company was initially capitalized on July 15, 2021, by issuing 100,000 shares to Realty Income for $1,000, followed by an additional 56,525,650 shares issued to Realty Income on November 10, 2021.
- On November 12, 2021, Orion granted affiliates of Arch Street Partner warrants to purchase up to 1,120,000 shares of common stock at a price of $22.42 per share.
Outbound Investments
- Since its spin-off in November 2021, Orion Properties has sold 27 properties totaling 2.7 million square feet as part of its strategic shift away from traditional office properties toward dedicated use assets.
- Year-to-date through November 6, 2025, the company completed the sale of eight properties for a gross sales price of $64.4 million.
- Orion Properties purchased one dedicated use asset in San Ramon, California, for $34.6 million, with a cash capitalization rate of 7.4%.
Capital Expenditures
- Capital expenditures and leasing costs were $18.3 million in the third quarter of 2025, an increase from $6.1 million in the same quarter of 2024, driven by accelerated leasing activity.
- For the second quarter of 2025, capital expenditures and leasing costs were $15.6 million, up from $6.3 million in the second quarter of 2024.
- The primary focus of capital expenditures is to support future leasing efforts, including tenant improvement allowances and property enhancements, aligning with the company's strategic shift toward dedicated use assets.
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 2.83 |
| Mkt Cap | 0.5 |
| Rev LTM | 485 |
| Op Inc LTM | 79 |
| FCF LTM | 28 |
| FCF 3Y Avg | 36 |
| CFO LTM | 145 |
| CFO 3Y Avg | 169 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -5.5% |
| Rev Chg 3Y Avg | -1.1% |
| Rev Chg Q | -5.2% |
| QoQ Delta Rev Chg LTM | -1.3% |
| Op Mgn LTM | 16.3% |
| Op Mgn 3Y Avg | 18.7% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | 29.9% |
| CFO/Rev 3Y Avg | 34.3% |
| FCF/Rev LTM | 4.5% |
| FCF/Rev 3Y Avg | 6.8% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 0.5 |
| P/S | 1.0 |
| P/EBIT | -1.3 |
| P/E | -1.0 |
| P/CFO | 4.8 |
| Total Yield | -27.1% |
| Dividend Yield | 6.4% |
| FCF Yield 3Y Avg | 4.5% |
| D/E | 3.2 |
| Net D/E | 3.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -6.6% |
| 3M Rtn | -18.0% |
| 6M Rtn | -22.9% |
| 12M Rtn | -40.6% |
| 3Y Rtn | -39.9% |
| 1M Excs Rtn | -7.8% |
| 3M Excs Rtn | -19.4% |
| 6M Excs Rtn | -33.9% |
| 12M Excs Rtn | -55.5% |
| 3Y Excs Rtn | -104.5% |
Price Behavior
| Market Price | $2.33 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 11/01/2021 | |
| Distance from 52W High | -41.9% | |
| 50 Days | 200 Days | |
| DMA Price | $2.16 | $2.30 |
| DMA Trend | indeterminate | down |
| Distance from DMA | 7.8% | 1.2% |
| 3M | 1YR | |
| Volatility | 55.7% | 63.4% |
| Downside Capture | 105.92 | 149.85 |
| Upside Capture | 81.00 | 73.95 |
| Correlation (SPY) | 10.9% | 34.9% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.15 | 1.18 | 0.53 | 0.57 | 1.14 | 1.25 |
| Up Beta | 0.59 | 3.38 | 0.11 | 0.79 | 1.09 | 1.05 |
| Down Beta | 0.97 | 0.18 | 0.17 | 0.45 | 1.29 | 1.21 |
| Up Capture | 284% | 135% | 40% | 23% | 59% | 98% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 6 | 16 | 21 | 51 | 112 | 337 |
| Down Capture | 393% | 120% | 105% | 87% | 126% | 111% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 10 | 18 | 30 | 61 | 121 | 381 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ONL | |
|---|---|---|---|---|
| ONL | -40.7% | 63.1% | -0.56 | - |
| Sector ETF (XLRE) | 1.0% | 16.3% | -0.12 | 40.4% |
| Equity (SPY) | 16.0% | 19.2% | 0.64 | 35.0% |
| Gold (GLD) | 66.9% | 23.7% | 2.11 | 1.8% |
| Commodities (DBC) | 7.0% | 16.3% | 0.23 | 3.5% |
| Real Estate (VNQ) | 2.9% | 16.5% | -0.00 | 41.6% |
| Bitcoin (BTCUSD) | -19.7% | 39.9% | -0.46 | 19.3% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ONL | |
|---|---|---|---|---|
| ONL | -31.5% | 48.3% | -0.76 | - |
| Sector ETF (XLRE) | 5.0% | 19.0% | 0.17 | 46.4% |
| Equity (SPY) | 14.1% | 17.1% | 0.66 | 36.8% |
| Gold (GLD) | 19.9% | 16.6% | 0.97 | 7.6% |
| Commodities (DBC) | 11.4% | 18.9% | 0.49 | 7.5% |
| Real Estate (VNQ) | 4.5% | 18.8% | 0.15 | 49.5% |
| Bitcoin (BTCUSD) | 20.9% | 57.6% | 0.56 | 18.0% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ONL | |
|---|---|---|---|---|
| ONL | -17.2% | 48.3% | -0.76 | - |
| Sector ETF (XLRE) | 6.8% | 20.5% | 0.29 | 46.4% |
| Equity (SPY) | 15.9% | 17.9% | 0.76 | 36.8% |
| Gold (GLD) | 15.0% | 15.3% | 0.81 | 7.6% |
| Commodities (DBC) | 8.3% | 17.6% | 0.39 | 7.5% |
| Real Estate (VNQ) | 5.8% | 20.8% | 0.25 | 49.5% |
| Bitcoin (BTCUSD) | 71.1% | 66.4% | 1.10 | 18.0% |
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Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/6/2025 | 6.1% | -1.2% | -16.3% |
| 8/6/2025 | -1.2% | 1.2% | 17.6% |
| 3/5/2025 | -29.4% | -39.5% | -51.8% |
| 11/7/2024 | 2.5% | -2.8% | 3.0% |
| 8/8/2024 | -2.3% | -3.4% | 1.3% |
| 5/8/2024 | 1.5% | 11.6% | 3.9% |
| 2/27/2024 | -16.9% | -25.3% | -20.1% |
| 11/9/2023 | -0.4% | 0.4% | 10.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 5 | 5 | 6 |
| # Negative | 8 | 8 | 7 |
| Median Positive | 2.5% | 1.1% | 3.8% |
| Median Negative | -2.7% | -9.8% | -16.3% |
| Max Positive | 6.1% | 11.6% | 17.6% |
| Max Negative | -29.4% | -39.5% | -51.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 03/05/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 02/27/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/09/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 03/08/2023 | 10-K |
| 09/30/2022 | 11/02/2022 | 10-Q |
| 06/30/2022 | 08/03/2022 | 10-Q |
| 03/31/2022 | 05/04/2022 | 10-Q |
| 12/31/2021 | 03/24/2022 | 10-K |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Gilyard, Reginald Harold | Direct | Buy | 8282025 | 2.91 | 55,000 | 160,006 | 662,652 | Form | |
| 2 | McDowell, Paul H | See Remarks. | Direct | Buy | 3172025 | 2.48 | 12,000 | 29,796 | 729,741 | Form |
| 3 | Gilyard, Reginald Harold | Direct | Buy | 3172025 | 2.35 | 40,000 | 93,816 | 257,166 | Form | |
| 4 | Landriau, Gary E | See Remarks. | Direct | Buy | 3132025 | 2.47 | 9,446 | 23,341 | 229,862 | Form |
| 5 | Landriau, Gary E | See Remarks. | Direct | Buy | 3132025 | 2.25 | 1,300 | 2,925 | 212,229 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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