Orion Properties (ONL) Stock Jumps On Profit Reversal Despite FFO Drop
Orion Properties shares rose 8.9% to $2.83 after a profit reversal. The company reported Q2 basic EPS of $0.43 and net income of $24.6M on revenue of $34.3M, versus a prior-period loss. However, revenue fell 7.4% and trailing-12-month FFO dropped 31.4% to $24.3M, leaving cash-flow durability in focus.
