$2.94
+1.0%Orion Properties Inc. specializes in the ownership, acquisition and management of a diversified portfolio of mission-critical and corporate headquarters office buildings in high-quality suburban markets across the U.S. The portfolio is leased primarily on a single-tenant net lease basis to creditworthy tenants. The company's team of experienced industry leaders employs a proven, cycle-tested investment evaluation framework which serves as the lens through which capital allocation decisions are made for the current portfolio and future acquisitions.
Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation
Base year metrics used for projections
Forecast period and terminal assumptions
Calculation flow from present value to intrinsic value per share
Operating Cash Flow - Maintenance CapEx = Owner Earnings
| Metric | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $11.8M | $5.9M | $2.9M | $1.5M | $736.8K | $368.4K | $184.2K | $92.1K | $46.0K | $23.0K |
| Maintenance CapEx | -$5.2M | -$2.6M | -$1.3M | -$646.2K | -$323.1K | -$161.5K | -$80.8K | -$40.4K | -$20.2K | -$10.1K |
| Owner Earnings | $6.6M | $3.3M | $1.7M | $827.4K | $413.7K | $206.8K | $103.4K | $51.7K | $25.9K | $12.9K |
| Discount Factor | 0.926 | 0.857 | 0.794 | 0.735 | 0.681 | 0.630 | 0.583 | 0.540 | 0.500 | 0.463 |
| Present Value | $6.1M | $2.8M | $1.3M | $608.1K | $281.5K | $130.3K | $60.3K | $27.9K | $12.9K | $6.0K |
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.