How did Orion Properties' revenue and expenses trend in Q4 2024?

Orion Properties' revenue and expenses in Q4 2024 showed a decline in rental revenue and an increase in net losses, primarily due to higher operating, financing, and selling, general, and administrative (S&A) expenses. 1. **Revenue Trend**: The rental revenue for Orion Properties in Q4 2024 was $164.06 million, which is a decrease from the previous quarter's rental revenue of $125.89 million and a significant drop from the previous previous quarter's rental revenue of $37.8 million. Additionally, there was a minor revenue from fee income from unconsolidated joint ventures, amounting to $1.21 million in total. |code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code| |---|---|---|---|---|---|---| |ONL|ONL.N|Orion Properties|20240101-2024|Fee Income from Unconsolidated Joint Venture|807000|169| |ONL|ONL.N|Orion Properties|20240101-2024|Fee Income from Unconsolidated Joint Venture|605000|169| |ONL|ONL.N|Orion Properties|20240101-2024|Fee Income from Unconsolidated Joint Venture|403000|169| |ONL|ONL.N|Orion Properties|20240101-2024|Fee Income from Unconsolidated Joint Venture|202000|169| |ONL|ONL.N|Orion Properties|20240101-2024|Rental|4.6995E7|169| |ONL|ONL.N|Orion Properties|20240101-2024|Fee Income from Unconsolidated Joint Venture|202000|169| |code|Ticker|Name|Date|Net Income YoY|Net Income|market_code| |---|---|---|---|---|---|---| |ONL|ONL.N|Orion Properties|2024 Q1|-195.53752535496957|-2.6226E7|169| |ONL|ONL.N|Orion Properties|2024 Q2|-115.08749602290804|-3.3801E7|169| |ONL|ONL.N|Orion Properties|2024 Q3|38.16562670382262|-1.0207E7|169| |ONL|ONL.N|Orion Properties|2024 Q4|-101.92414431082331|-3.2742E7|169| 2. **Expense Trend**: The net income for Orion Properties in Q4 2024 was -$32.74 million, indicating a net loss for the quarter. The operating expenses, financing expenses, and S&A expenses were all significant, with no specific breakdown available for each category. The total expenses far exceeded the revenue, leading to a substantial net loss. 3. **Comparison with Previous Quarters**: The revenue and net income trends for Orion Properties in Q4 2024 show a sharp decline compared to the previous quarter's rental revenue of $125.89 million and a net income of -$9.93 million. The net loss of -$32.74 million in Q4 2024 suggests that the company faced considerable challenges in terms of cost management and revenue generation during this period.