Orion Properties Inc. (ONL): A Bull Case Theory

We came across a bullish thesis on Orion Properties Inc. (ONL) on Substack by Waterboy Investing. In this article, we will summarize the bulls’ thesis on ONL. Orion Properties Inc. (ONL)'s share was trading at $1.7 as of April 7^th.

[caption id="attachment_1219183" align="aligncenter" width="768"] An aerial view of a REIT operated commercial building.[/caption]

Orion Properties (formerly Orion Office REIT) has become a compelling deep-value opportunity after a punishing spin-off from Realty Income (O) in 2021. Initially created to house O’s office assets, ONL was spun to...