Office Properties Income Trust

Office Properties Income Trust owns, operates and leases office buildings to single tenants and multi-tenant buildings. The company was founded on February 17, 2009 and is headquartered in Newton, MA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Office Properties Income Trust reports solid Q4 performance and strategic growth plans

OPI delivered solid performance in Q4 2022 with strong leasing activity and capital recycling achievements.
While facing challenges like declining NOI and lease expirations, OPI remains focused on strategic initiatives for growth.
Opportunities in capital recycling, redevelopment projects, and tenant negotiations position OPI for future success.
Overall, OPI's proactive approach to property management and financial discipline bode well for long-term value creation.

Office Properties Income Trust reports solid Q1 performance amidst challenges

OPI's Q1 2023 performance reflects resilience amid sector challenges, with a focus on portfolio optimization and financial stability.
The merger with Diversified Healthcare Trust signals strategic expansion efforts to enhance long-term growth prospects and diversification benefits.
While facing market headwinds and uncertainties, OPI remains committed to effective lease management and prudent financial decision-making.

Office Properties Income Trust exceeds Q2 expectations and advances merger plans

OPI's Q2 performance showcased operational strength, financial resilience, and progress on strategic initiatives like the merger and development projects.
While facing challenges in NOI performance and disposition activity, OPI's proactive approach and focus on opportunities position it for sustainable growth.
With a solid financial foundation, prudent capital management, and strategic outlook, OPI remains well-positioned to navigate market dynamics and drive shareholder value.
Investors can look forward to continued progress on key initiatives, operational improvements, and potential synergies from the upcoming merger, supporting long-term value creation.

Office Properties Income Trust beats Q3 earnings, eyes strategic growth

OPI delivered a strong performance in Q3 2023, surpassing earnings expectations and maintaining a healthy portfolio occupancy. While facing challenges in the investment sales market, the company is actively managing its portfolio and exploring financing options. With a focus on strategic leasing and financial prudence, OPI is poised to capitalize on growth opportunities.

Office Properties Income Trust focuses on financial stability and growth strategies

OPI's Q4 2023 earnings call highlighted a focus on financial stability through reduced dividends and strategic leasing activities. The company faces challenges with known vacates and upcoming debt maturities but sees opportunities in occupancy trends and refinancing strategies.

OPI reports stable Q1 earnings amidst office sector challenges

OPI demonstrated stable financial performance in Q1 2024, meeting FFO guidance and executing successful leasing activities.
While facing challenges in tenant retention and lease expirations, the company's focus on ESG and financial enhancements positions it for resilience.
Opportunities lie in leveraging leasing successes, enhancing ESG practices, and optimizing financial flexibility for long-term growth.

OPI reports Q3 FFO below guidance, focuses on debt management

OPI's Q3 performance saw challenges in FFO below guidance, but efforts to manage debt and optimize leasing show resilience.
While facing challenges in office space utilization shifts, OPI is actively addressing upcoming debt maturities and portfolio optimization.
Opportunities exist in refining leasing strategies and capital management to navigate uncertainties and enhance portfolio stability.

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Office Properties Income Trust is a real estate investment trust. It owns, operates, and leases office buildings to single tenants and multi-tenant buildings. The company was founded on February 17, 2009 and is headquartered in Newton, MA.

NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced that it will issue a press release containing its first quarter 2022 financial results after the Nasdaq closes on Thursday, April 28, 2022. On Friday, April 29, 2022 at 10:00 a.m. Eastern Time, President and Chief Operating Officer Christopher Bilotto and Chief Financial Officer and Treasurer Matthew Brown will host a conference call to discuss these results. The conference call telephone number is (877

Office Properties Income Trust First Quarter 2022 Conference Call Scheduled for Friday, April 29th

NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced that it was named one of the fastest growing middle market companies in Massachusetts by the Boston Business Journal (BBJ) in its 2022 Middle Market Leaders ranking. OPI ranked 29th on the list, which incorporates the BBJ's analysis of revenue growth of companies with revenue between $25 million and $1 billion for 2018, 2019 and 2020. This is the third consecutive year that OPI appears on the list. Chri

Office Properties Income Trust Named to Boston Business Journal's 2022 Middle Market Leaders Ranking

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Office Properties Income Trust - 5.875% NT REDEEM 01/05/2046 USD 25

Office Properties Income Trust's (OPI) Management on Q4 2021 Results - Earnings Call Transcript

Office Properties Income Trust (OPI) delivered FFO and revenue surprises of 13.21% and 1.35%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Office Properties Income Trust (OPI) Q4 FFO and Revenues Surpass Estimates

NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced its financial results for the quarter ended December 31, 2021. Christopher Bilotto, President and Chief Operating Officer of OPI, made the following statement: “OPI reported fourth quarter results that reflect strong leasing momentum, solid financial performance and steady execution of our capital recycling strategy. We completed 702,000 square feet of new and renewal leasing with a weighted average lea

Office Properties Income Trust Announces Fourth Quarter 2021 Results

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NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced that it will issue a press release containing its fourth quarter 2021 financial results after the Nasdaq closes on Wednesday, February 16, 2022. On Thursday, February 17, 2022 at 10:00 a.m. Eastern Time, President and Chief Operating Officer Christopher Bilotto and Chief Financial Officer and Treasurer Matthew Brown will host a conference call to discuss these results. The conference call telephone numb

Office Properties Income Trust Fourth Quarter 2021 Conference Call Scheduled for Thursday, February 17th

NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced that the characterization of dividends for 2021 income tax reporting purposes is as follows: Common Shares     Dividend Allocation     Per Share     Section   Total Unrecaptured   Declaration Record Paid/Payable Dividends Ordinary 199A Qualified Capital Section 1250 Return of Dates Dates Dates Per Share Income Dividend(1) Dividend(2) Gain Gain(3) Capital 01/14/21 01/25/21 02/18/21 $0.55 $0.55 $0.55 $0.0

Office Properties Income Trust Announces 2021 Dividend Allocations

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Office Properties reported FFO numbers that came in ahead of estimates. The numbers that we pay attention to, showed more deterioration.

Office Properties: 8.1% Yield But Diminishing Margin Of Safety

Office Properties Income Trust (OPI) Q3 2021 Results - Earnings Call Transcript

Office Properties Income Trust (OPI) delivered FFO and revenue surprises of 2.48% and 6.38%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Office Properties Income Trust (OPI) Surpasses Q3 FFO and Revenue Estimates

NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced its financial results for the quarter ended September 30, 2021. Christopher Bilotto, President and Chief Operating Officer of OPI, made the following statement: “OPI's third quarter results were highlighted by sequential growth in Normalized FFO and same property cash basis NOI that exceeded our expectations. Leasing volume accelerated with 659,000 square feet of new and renewal leasing with a weighted

Office Properties Income Trust Announces Third Quarter 2021 Results

NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) announced today that it has amended its business management agreement with The RMR Group LLC, or RMR LLC, a majority-owned subsidiary of The RMR Group Inc. (Nasdaq RMR), to replace the benchmark index used in the calculation of incentive management fees. Pursuant to the amendment, for periods beginning on and after August 1, 2021, the MSCI U.S. REIT/Office REIT index will replace the discontinued SNL U.S. REIT Office I

Office Properties Income Trust Announces Changes to the Benchmark Index for its Business Management Agreement with The RMR Group LLC

NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced that it will issue a press release containing its third quarter 2021 financial results after the Nasdaq closes on Thursday, October 28, 2021.  On Friday, October 29, 2021 at 10:00 a.m. Eastern Time, President and Chief Operating Officer Christopher Bilotto and Chief Financial Officer and Treasurer Matthew Brown will host a conference call to discuss these results. The conference call telephone number is

Office Properties Income Trust Third Quarter 2021 Conference Call Scheduled for Friday, October 29th

NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced that it has priced an underwritten public offering of $400 million of 3.450% senior notes due 2031 (“Notes”). The settlement of this offering is expected to occur on September 28, 2021, subject to customary closing conditions. OPI expects to use the net proceeds from this offering for general business purposes, which may include repaying amounts outstanding under its revolving credit facility. The joint

Office Properties Income Trust Prices $400 Million of 3.450% Senior Notes Due 2031

Office Properties Income Trust yields about 8.2%. The dividend is well covered from cash flows and the payout ratio remains modest.

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Let's see if Office Properties (OPI) stock is a good choice for value-oriented investors right now from multiple angles.

Should Value Investors Pick Office Properties (OPI) Stock?

NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq:OPI) today announced that it has priced an underwritten public offering of $350 million of 2.400% senior notes due 2027 (“Notes”). The settlement of this offering is expected to occur on August 13, 2021, subject to customary closing conditions. OPI expects to use the net proceeds from this offering for general business purposes, which may include repaying amounts outstanding under its revolving credit facility and/or redeemi

Office Properties Income Trust Prices $350 Million of 2.400% Senior Notes Due 2027

Office Properties Income Trust (OPI) Q2 2021 Results - Earnings Call Transcript

NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced its financial results for the quarter ended June 30, 2021. Christopher Bilotto, President and Chief Operating Officer of OPI, made the following statement: "During the second quarter, we further advanced OPI's capital recycling program with the acquisition of two newly constructed, long-term leased office properties in strong urban core locations for $550 million. These Class A properties are majority l

Office Properties Income Trust Announces Second Quarter 2021 Results

NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced commencement of a redevelopment project at 20 Massachusetts Avenue NW (“20 Mass”) in Washington, D.C. The project will redevelop 20 Mass from a seven-story, 340,119 square foot Class B office building to a 10-story, 427,000 square foot mixed-used property and is expected to be completed in early 2023. Located in D.C.'s prestigious Capitol Hill neighborhood, 20 Mass is adjacent to Union Station, which is

Office Properties Income Trust Commences 427,000 Square Foot Mixed-Use Redevelopment of 20 Mass in Washington, D.C.

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