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.

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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.

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

Office Properties Income Trust reported positive revenue growth but disappointing FFO in its latest earnings report. The company's debt structure has changed, with secured debt increasing and unsecured debt declining, which could impact the holdings of debtholders and equity investors. OPI is facing leasing challenges and upcoming debt maturities, leading to a debt exchange offer to address its cash flow and refinancing needs.

Office Properties Income Trust: Earnings And Proposed Debt Exchange Are Not Assuring

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This year, the stock market adage “sell in May and go away” may hold very true, especially when it comes to the real estate investment trusts (REITs) best categorized as REITs to sell. These are the REITs that are facing the greatest challenges from the two major factors affecting the sector.

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The headline numbers for Office Properties Income Trust (OPI) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Office Properties Income Trust (OPI) Reports Q1 Earnings: What Key Metrics Have to Say

Office Properties Income Trust (NASDAQ:OPI ) Q1 2024 Earnings Conference Call May 2, 2024 10:00 AM ET Company Participants Kevin Barry - Senior Director, Investor Relations Yael Duffy - President and Chief Operating Officer Brian Donley - Chief Financial Officer and Treasurer Conference Call Participants Operator Good morning and welcome to Office Properties Income Trust's First Quarter 2024 Financial Results Conference Call. All participants will be in listen-only mode.

Office Properties Income Trust (OPI) Q1 2024 Earnings Call Transcript

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Office Properties Income Trust (OPI) came out with quarterly funds from operations (FFO) of $0.79 per share, missing the Zacks Consensus Estimate of $0.81 per share. This compares to FFO of $1.09 per share a year ago.

Office Properties Income Trust (OPI) Q1 FFO Lag Estimates

NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) “(“OPI”) today announced that it is offering noteholders the option to exchange their outstanding senior unsecured notes due 2025, 2026, 2027 and 2031 for new 9.000% Senior Secured Notes due 2029 and related guarantees pursuant to the terms and conditions set forth in an Offering Memorandum dated as of May 1, 2024 (the “Offering Memorandum”). Exchange Offers OPI is offering to exchange (the “Exchange Offers”) its outst.

Office Properties Income Trust Announces Private Exchange Offers Relating to Existing Unsecured Senior Notes

NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced its financial results for the quarter ended March 31, 2024, which can be found at the Quarterly Results section of OPI's website at https://www.opireit.com/investors/financial-information/default.aspx. A conference call discussing OPI's first quarter results will be held on Thursday, May 2, 2024 at 10:00 a.m. Eastern Time. The conference call may be accessed by dialing (877) 328-1172 or (412) 317-5418 (.

Office Properties Income Trust Announces First Quarter 2024 Results

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SEATTLE--(BUSINESS WIRE)--The RMR Group (Nasdaq: RMR) today announced the completion of Unison Elliott Bay (Unison), a three building mixed-use campus with 300,000 square feet of Life Science lab, R&D and Class A office space located at 351, 401 and 501 Elliott Avenue West in Seattle, WA. Unison is owned by RMR client Office Properties Income Trust (Nasdaq: OPI), a national REIT focused on owning and leasing office properties to high credit quality tenants in markets throughout the United S.

The RMR Group Announces Completion of Unison Elliott Bay Redevelopment

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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 first quarter 2024 financial results after the Nasdaq closes on Wednesday, May 1, 2024. On Thursday, May 2, 2024 at 10:00 a.m. Eastern Time, President and Chief Operating Officer Yael Duffy and Chief Financial Officer and Treasurer Brian Donley will host a conference call to discuss these results. The conference call telephone number is (877) 328-1172. P.

Office Properties Income Trust First Quarter 2024 Conference Call Scheduled for Thursday, May 2nd

NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced that it received the 2024 ENERGY STAR® Partner of the Year Award for the seventh consecutive year. OPI was also recognized as an ENERGY STAR® Partner of the Year Sustained Excellence honoree for the fifth consecutive year. Currently, 41 buildings in OPI's portfolio are ENERGY STAR certified. Each year, the ENERGY STAR program honors a group of businesses and organizations that have made outstanding cont.

Office Properties Income Trust Earns 2024 ENERGY STAR® Partner of the Year Award for the Seventh Consecutive Year

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Office Properties Trust is facing material credit risk with its common shares dropping 85% in the past year. OPI's credit rating has been downgraded further into junk at "CCC+" with S&P Global citing liquidity pressure and refinancing risk. The REIT has an extremely challenging lease expiration and debt maturity schedule, but there is potential for a strong capital uplift if management can address these issues.

Office Properties Income: Should The Junk 14.5% Yielding Bonds Be Trading For 44 Cents On The Dollar?

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Office Properties Income Trust (OPI) Q4 2023 Earnings Call Transcript

Office Properties Income Trust (OPI) came out with quarterly funds from operations (FFO) of $0.95 per share, missing the Zacks Consensus Estimate of $0.98 per share. This compares to FFO of $1.13 per share a year ago.

Office Properties Income Trust (OPI) Q4 FFO Miss Estimates

NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced its financial results for the quarter ended December 31, 2023, which can be found at the Quarterly Results section of OPI's website at https://www.opireit.com/investors/financial-information/default.aspx. A conference call to discuss OPI's fourth quarter results will be held on Friday, February 16, 2024 at 10:00 a.m. Eastern Time. The conference call may be accessed by dialing (877) 328-1172 or (412) 31.

Office Properties Income Trust Announces Fourth Quarter 2023 Results

NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced that it has consummated the offering of $300 million aggregate principal amount of 9.000% senior secured notes due 2029. The notes are guaranteed by certain of OPI's subsidiaries and secured by first-priority liens on 17 office properties with a gross carrying value of approximately $574 million and a pledge of the equity interests of the subsidiary guarantors. The net proceeds from this transaction, af.

Office Properties Income Trust Closes $300 Million Offering of Senior Secured Notes Due 2029

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Great white sharks have a bad reputation due to the movie "Jaws," but they are not intentionally targeting humans. Office REITs, like sharks, have a bad reputation, but not all of them should be avoided. We would steer folks away from these three REITs, however, towards safer investments that should generate sustainable and repeatable income.

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NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced that it has priced $300 million aggregate principal amount of 9.000% senior secured notes due 2029. The closing is expected to occur on February 12, 2024, subject to the satisfaction of customary closing conditions. The new notes will be guaranteed by certain of OPI's subsidiaries and secured by first-priority liens on 17 office properties with a gross carrying value of approximately $574 million and a.

Office Properties Income Trust Prices $300 Million of Senior Secured Notes Due 2029

NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced that it has entered into a second amended and restated secured credit agreement that governs its new $325 million secured revolving credit facility and $100 million secured term loan, or the Facilities. The maturity date of the Facilities is January 29, 2027. OPI has a one-year extension option for the $325 million secured revolving credit facility, subject to the payment of an extension fee and satisfa.

Office Properties Income Trust Announces $425 Million Amended and Restated Secured Credit Facilities

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