Office Properties Income Trust

Office Properties Income Trust

OPI
Office Properties Income TrustUS flagNASDAQ
16.12
USD
-0.41
- -
1.19BMarket Cap
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
TTM
Revenue per Share
14.92
16.6
16.38
14.06
14.54
14.96
17.18
14.12
12.22
11.96
11.48
11.03
9.69
9.84
Basic EPS, GAAP
3.66
4
3.69
-11.88
3.26
0.56
-0.9
0.63
0.14
-0.17
-0.13
-1.43
-2.63
-6.2
Free Cash Flow per Basic Share
7.35
7.93
8.53
6.53
7.13
6.5
5.84
4.48
4.85
4.6
3.99
2.93
1.3
0.26
Dividend per Share
6.07
6.88
6.58
6.88
6.89
6.86
6.9
2.2
2.21
2.21
2.21
1.31
0.04
0.05
Book Value per Share
75.21
72.34
73.77
53.8
52.54
53.66
37
35.39
33.31
30.91
28.55
25.75
16.51
- -
Tangible Book Value per Share
75.21
72.34
73.77
53.8
52.54
53.66
37
35.39
33.31
30.91
28.55
25.75
16.51
- -
Basic Weighted Avg Shares
14
14
15
18
18
21
25
48
48
48
48
48
52
47
Sales/Revenue/Turnover
204
227
251
249
258
317
427
678
588
576
554
534
502
467
Operating Margin (%)
33.08
32.85
29.83
26.87
26.29
20.16
17.21
18.7
19.04
18.23
20.09
19.13
17.71
14.06
Depreciation Expense
52
56
65
68
71
109
161
287
251
237
217
200
183
173
Net Income, GAAP
50
55
57
-210
58
12
-22
30
7
-8
-6
-69
-136
-294
Effective Tax Rate (%)
0.33
0.24
0.28
- -
0.44
- -
- -
2.4
4.57
- -
- -
- -
- -
- -
Profit Margin (%)
24.53
24.07
22.52
-84.47
22.4
3.82
-5.13
4.47
1.14
-1.42
-1.1
-13.01
-27.11
-62.99
Working Capital
10
-114
69
-100
-126
-116
5
108
110
74
-221
-157
13
- -
LT Debt
462
460
1,101
1,041
1,232
1,689
3,100
2,340
2,214
2,595
2,252
2,379
2,219
- -
Total Equity
1,027
990
1,297
957
935
1,351
1,779
1,706
1,609
1,497
1,386
1,256
1,153
- -
Return on Invested Capital (%)
4.66
4.73
3.73
- -
3.04
- -
- -
2.72
2.72
- -
- -
- -
- -
- -
Return on Capital (%)
4.63
4.54
4.22
- -
4.62
- -
- -
3.56
2.8
- -
- -
- -
- -
- -
Return on Common Equity (%)
5.21
5.42
4.94
-18.63
6.12
1.04
-1.43
1.74
0.4
-0.53
-0.42
-5.26
-11.3
-44.24

Capital Structure

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
325
- -
- -
LT Borrowings
2,210
2,361
- -
LT Finance Leases
10
9
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
70
70
70
Market Capitalization
70
32
17

Working Capital

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
463
239
- -
Cash, Cash Equivalents & STI
261
64
- -
Accounts Receivable, Net
156
151
- -
Inventories
32
11
9
Total Current Liabilities
450
93
- -
Payables & Accruals
125
92
- -
ST Debt
325
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.59%
-7.53%
-8.19%
Free Cash Flow
-2.82%
-17.75%
-52.61%
Net Income, GAAP
-39.09%
161.36%
96.03%
Sales/Revenue/Turnover
9.05%
-5.76%
-5.92%
Total Cash Common Dividend
-11.73%
-27.36%
-96.78%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
139
124
121
118
502
2025
114
114
98
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.11
1.57
-1.14
- -
-2.63
2025
-0.66
-1.88
-35.94
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.01
0.01
- -
0.04
2025
0.01
0.03
- -
- -
- -

Company Description

CEO
Yael Duffy
Sector
Real Estate
Industry
REIT - Office
Address
Two Newton Place Newton MA United States of America 02458-1634
IPO Date
Oct 6, 2025
Business
Office Properties Income Trust (Nasdaq: OPI; OTC: OPITQ) is a real estate investment trust (REIT) that owns, operates, and leases primarily single-tenant and multi-tenant office properties to high credit quality tenants, including U.S. government agencies, other government entities, and corporations with investment grade ratings or guarantees from such entities; as of June 30, 2025, tenants contributing 51.0% of its annualized rental income are investment grade rated (or guaranteed by such entities) and an additional 7.7% derive from subsidiaries of investment grade rated parents; its portfolio comprises 125 properties totaling approximately 17.3 million leasable square feet located across 29 states and Washington, D.C., with a focus on markets exhibiting strong economic fundamentals. The company, founded in 2009 as a spin-off from REIT Management & Research LLC and headquartered in Newton, Massachusetts, generates revenue principally from long-term net leases that provide stable cash flows, supplemented by property management services, capital improvements, tenant relations, and selective acquisitions; it is externally managed by The RMR Group (Nasdaq: RMR), a leading alternative asset manager with over 35 years of experience in commercial real estate. In recent developments, Office Properties Income Trust filed a voluntary Chapter 11 petition for reorganization on October 30, 2025, in the U.S. Bankruptcy Court for the Southern District of Texas alongside affiliates, supported by a restructuring support agreement (RSA) with noteholders including the September 2029 Ad Hoc Group to equitize approximately $1 billion of funded debt, reduce overall debt service obligations, and strengthen its balance sheet; it secured commitments for $125 million in new debtor-in-possession (DIP) financing to support operations during the process, expects no interruptions to day-to-day activities or assets, and plans a new five-year management arrangement with The RMR Group upon emergence as a more resilient entity; additionally, in December 2024, MSD Partners, L.P. acquired a significant stake of over 5 million shares, and earlier in 2024 the company sold 24 properties for $199.4 million to enhance liquidity and repay debt while maintaining its capital recycling strategy.

Company News

  • Critical Contrast: Office Properties Income Trust (NASDAQ:OPI) & Mackenzie Realty Capital (NASDAQ:MKZR)

  • Office Properties Income Trust (OPI) Q2 2026 Earnings Call Prepared Remarks Transcript

  • Office Properties Income Trust Announces Second Quarter 2026 Results

  • Office Properties Income Trust Second Quarter 2026 Conference Call Scheduled for Thursday, August 6

  • Office Properties Income Trust Completes Chapter 11 Reorganization

  • Office Properties Income Trust Announces 2025 Dividend Allocations

  • Independence Realty Trust (NYSE:IRT) and Office Properties Income Trust (NASDAQ:OPI) Critical Analysis

  • Office Properties Income Trust Enters into Restructuring Support Agreement with Noteholders to Reduce Debt and Strengthen Balance Sheet

  • Office Properties Income Trust (OPI) Q2 2025 Earnings Call Transcript

  • Office Properties Income Trust Announces Second Quarter 2025 Results

  • Office Properties Income Trust Suspends Quarterly Distribution to Preserve Cash

  • Office Properties Income Trust Second Quarter 2025 Conference Call Scheduled for Thursday, July 31st

  • The State Of REITs: June 2025 Edition

  • Office Properties Income Trust Elects Timothy Pohl to Board of Trustees

  • Tariffs On, Tariffs Off

  • U.S. REIT Same-Store Net Operating Income Growth Slips In Q1

  • Tariffs Up, Inflation Down

  • Office Properties Income Trust (OPI) Q1 2025 Earnings Call Transcript

  • Office Properties Income Trust Announces First Quarter 2025 Results

  • Office Properties Income Trust Announces Quarterly Dividend on Common Shares