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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Agree Realty

AGNC Investment

Ashford Hospitality Trust

JPMorgan BetaBuilders MSCI US REIT ETF

Blackstone Group

Diversified Healthcare Trust

Direxion Daily Real Estate Bull 3x Shares

Direxion Daily Real Estate Bear 3x Shares

Dynex Capital

Ellington Residential Mortgage REIT

Ellington Financial

Fidelity MSCI Real Estate ETF

First Trust S&P REIT Index Fund

iShares Cohen & Steers REIT ETF

Industrial Logistics Properties

iShares U.S. Real Estate ETF

Nuveen Real Estate Income Fund

Invesco KBW Premium Yield Equity REIT ETF

Macerich

Neuberger Berman Real Estate Securities Income Fund Inc

Orchid Island Capital

US Diversified Real Estate ETF

Invesco Active US Real Estate

ProShares Short Real Estate

U.S. equity markets finished broadly higher this past week after a critical slate of inflation data provided further evidence of a definitive cool-down in inflationary pressures. After narrowly snapping a three-week winning streak in the prior week, the S&P 500 advanced 0.8% this week, while the Mid-Cap 400 and Small-Cap 600 posted gains of over 1%.

Inflation's Last Stand

Office Properties has a huge yield, but it is operating in a troubled niche of the property market. The externally managed REIT announced plans to merge with Diversified Healthcare Trust.

Why Is Office Properties Income Trust's Dividend So High?

NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced that it will issue a press release containing its first quarter 2023 financial results after the Nasdaq closes on Wednesday, April 26, 2023. On Thursday, April 27, 2023 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.

Office Properties Income Trust First Quarter 2023 Conference Call Scheduled for Thursday, April 27th

NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced that OPI's Board of Trustees has reduced OPI's regular quarterly cash distribution on its common shares to $0.25 per common share ($1.00 per share per year). This distribution will be paid to OPI's common shareholders of record as of the close of business on April 24, 2023 and distributed on or about May 18, 2023.

Office Properties Income Trust Reduces Quarterly Dividend to $0.25 Per Share

Office Properties Income Trust and Diversified Healthcare REIT are combining. They're creating a diversified REIT with offsetting strengths.

These Troubled Dividend Stocks Are Joining Forces to Survive

NEW YORK , April 11, 2023 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Diversified Healthcare Trust (NASDAQ: DHC) and its board of directors concerning the proposed merger of the company with Office Properties Income Trust (NASDAQ: OPI). Stockholders will receive 0.147 shares of Office Properties Income Trust common stock for each share of Diversified Healthcare Trust stock that they hold.

ALERT: Rowley Law PLLC is Investigating Proposed Merger of Diversified Healthcare Trust

Diversified Healthcare Trust announced a definitive merger agreement with Office Properties Income Trust. The dividend goes up for Diversified Healthcare Trust, and Office Properties Income Trust takes a huge haircut.

RMR Brings Diversified Healthcare And Office Properties Together

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Office Properties Income Trust (NASDAQ: OPI) and Diversified Healthcare Trust is fair to Office Properties shareholders. Pursuant to the terms of the merger agreement, Diversified Healthcare shareholders will receive 0.147 shares of Office Properties for each common share of Diversified Healthcare.

OPI Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Office Properties Income Trust Is Fair to Shareholders

NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced that it has entered into a definitive merger agreement with Diversified Healthcare Trust (Nasdaq: DHC), pursuant to which OPI will acquire all of the outstanding common shares of DHC in an all-share transaction.

Office Properties Income Trust and Diversified Healthcare Trust Announce Agreement to Merge in All-Share Transaction

NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today announced that it has entered into a definitive merger agreement with Office Properties Income Trust (Nasdaq: OPI), pursuant to which OPI will acquire all of the outstanding common shares of DHC in an all-share transaction.

Diversified Healthcare Trust and Office Properties Income Trust Announce Agreement to Merge in All-Share Transaction

NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced that it received the 2023 ENERGY STAR® Partner of the Year Award for the sixth consecutive year. OPI was also recognized as an ENERGY STAR® Partner of the Year Sustained Excellence honoree for the fourth consecutive year. Currently, 43 buildings in OPI's portfolio are ENERGY STAR certified.

Office Properties Income Trust Earns 2023 ENERGY STAR® Partner of the Year Award for the Sixth Consecutive Year

American Tower

CBL & Associates Properties

Camden Property

EPR Properties

Realty Income Corp

Public Storage

SL Green Realty

Simon Property Group

Vanguard Real Estate ETF

REITs can be very rewarding. But they can also be very punishing if you pick the wrong ones.

10 REIT Investor Mistakes: Avoid Them At All Costs

Office Properties has a huge 18% dividend yield. Although still relatively small, the REIT is fairly well diversified geographically.

Why Is Office Properties' Dividend So High?

Alexander's

Brandywine Realty

Hudson Pacific Properties

Prospect Capital

Vornado Realty Trust

Western Union

Most vanilla investors like to buy stocks that are well-liked by Wall Street analysts.

Ignore The Experts To Earn 8%+ Dividends

Global Net Lease

Necessity Retail REIT

Real estate is getting thumped, which means real estate investment trusts (REITs) are a bargain once again.

Retire On These REITs: 3 Clicks To 12.7% Yields

Return-to-office will boost rental income and print surprises on rent renewals. Office Properties is a consistent outperformer among office REITs, generating 37.1% alpha over its peers during the last 2.5 years.

Office Properties: Consistently Outperforming Yet Bizarrely Undervalued

About a year back, we told you that the Office Income Properties Yield was safe. We examine the recently released Q4-2022 results and the underlying trends.

Office Properties: Don't Get Complacent On That 12.5% Yield

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

Office Properties Income Trust (NASDAQ:OPI ) Q4 2022 Earnings Conference Call February 16, 2023 10:00 AM ET Company Participants Kevin Barry - Director, IR Chris Bilotto - President and COO Matt Brown - CFO Conference Call Participants Bryan Maher - B. Riley FBR Operator Good morning and welcome to the Office Properties Income Trust Fourth Quarter 2022 Earnings Conference Call.

Office Properties Income Trust (OPI) Q4 2022 Earnings Call Transcript

Office Properties Income Trust (OPI) delivered FFO and revenue surprises of 2.73% and 6.34%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Office Properties Income Trust (OPI) Q4 FFO Surpass Estimates

NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced its financial results for the quarter ended December 31, 2022. Christopher Bilotto, President and Chief Operating Officer of OPI, made the following statement: "OPI delivered strong fourth quarter results despite an evolving office landscape and rapidly changing economic conditions.

Office Properties Income Trust Announces Fourth Quarter 2022 Results

Omega Healthcare Investors

Some real estate investment trusts recently cut their dividend. I think there will be a few more REIT dividend cuts in the coming year.

Sell Alert: 2 REITs That Likely Will Cut Their Dividends

Innovative Industrial Properties

Medical Properties Trust

National Storage Affiliates Trust

Alpine Income Property Trust

Despite the signs of an impending recession threatening to make investors queasy, measures can still be taken to protect one's portfolio and minimize potential financial losses. One such investment is a real estate investment trust (or REIT), providing a much-needed income stream and acting as a cushion against the economic downturn.

7 Inflation-Beating REITs to Buy for Growth and Dividends

NEWTON, Mass.--( BUSINESS WIRE )--Office Properties Income Trust (Nasdaq: OPI) today announced that the characterization of dividends for 2022 income tax reporting purposes is as follows:

Office Properties Income Trust Announces 2022 Dividend Allocations

NEWTON, Mass.--( BUSINESS WIRE )--Office Properties Income Trust (Nasdaq: OPI) today announced that it will issue a press release containing its fourth quarter 2022 financial results after the Nasdaq closes on Wednesday, February 15, 2023. On Thursday, February 16, 2023 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.

Office Properties Income Trust Fourth Quarter 2022 Conference Call Scheduled for Thursday, February 16th

These high-yielding payouts are too risky for income-seeking investors this year.

2 Ultra High-Yield Stocks to Avoid Like the Plague in 2023

News for Office Properties Income Trust Stock (OPI)