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 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 - 5.875% NT REDEEM 01/05/2046 USD 25

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.

NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced that it will issue a press release containing its second quarter 2021 financial results after the Nasdaq closes on Thursday, July 29, 2021. On Friday, July 30, 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 (877)

Office Properties Income Trust Second Quarter 2021 Conference Call Scheduled for Friday, July 30th

NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced that it has completed the acquisition of two Class A office properties for a total of $550.0 million, excluding closing costs. OPI acquired the approximately 531,190 square foot Class A office property known as 1K Fulton in Chicago, IL for $355.0 million, excluding closing costs, reflecting a current GAAP cap rate of 4.7% at closing. The property is 73% leased to Google as its Midwest headquarters and 9

Office Properties Income Trust Announces Two Class A Acquisitions Totaling $550 Million

NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced that President and Chief Operating Officer Chris Bilotto and Chief Financial Officer and Treasurer Matt Brown will be presenting at Nareit's REITweek: 2021 Virtual Investor Conference on Thursday, June 10, 2021 at 11:15 a.m. Eastern Time. To access the Company's live presentation, please complete the complimentary registration for the conference at the following link: Nareit's REITweek Registration. An

Office Properties Income Trust to Present at Nareit's REITweek: 2021 Virtual Investor Conference on Thursday, June 10th

NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced that it has priced an underwritten public offering of $300 million of 2.650% senior notes due 2026 (“Notes”). The settlement of this offering is expected to occur on May 18, 2021, subject to customary closing conditions. OPI expects to use the net proceeds from this offering for general business purposes, which may include redeeming the $310.0 million principal amount outstanding of its 5.875% Senior No

Office Properties Income Trust Prices $300 Million of 2.650% Senior Notes Due 2026

Office Properties Income Trust (OPI) Q1 2021 Results - Earnings Call Transcript

Office Properties Income Trust (OPI) delivered FFO and revenue surprises of 3.23% and 0.29%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Office Properties Income Trust (OPI) Q1 FFO and Revenues Top Estimates

NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced its financial results for the quarter ended March 31, 2021. Christopher Bilotto, President and Chief Operating Officer of OPI, made the following statement: “We entered 2021 following strong performance in 2020 and continued that trend through the first quarter as evidenced by our increased liquidity and positive leasing results. Rent collections remained strong over the past year averaging above 99% an

Office Properties Income Trust Announces First Quarter 2021 Results

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NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced that it received the 2021 ENERGY STAR® Partner of the Year Sustained Excellence Award for its outstanding efforts in energy management. This is the fourth consecutive year that OPI has achieved Partner of the Year recognition and the second year OPI has earned the Sustained Excellence designation in the Energy Management category. Currently, 46 buildings in OPI's portfolio are ENERGY STAR certified. The

Office Properties Income Trust Earns 2021 ENERGY STAR® Partner of the Year Sustained Excellence Award

NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced that it will issue a press release containing its first quarter 2021 financial results after the Nasdaq closes on Thursday, April 29, 2021. On Friday, April 30, 2021 at 10:00 a.m. Eastern Time, President and Chief Operating Officer Christopher Bilotto and Chief Financial Officer Matthew Brown will host a conference call to discuss these results. The conference call telephone number is (877) 328-1172. Pa

Office Properties Income Trust First Quarter 2021 Conference Call Scheduled for Friday, April 30th

Government tenants provide significant cushion to the present market uncertainty. Rental revenues have outperformed peers while FFO changes are much smoother than other companies in the field.

Office Properties Income Trust: A Nice 7.67% Yielding REIT With 10% Upside

Office Properties Income Trust (OPI) CEO Chris Bilotto on Q4 2020 Results - Earnings Call Transcript

Office Properties Income Trust (OPI) delivered FFO and revenue surprises of 2.40% and 0.68%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

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

NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced its financial results for the quarter and year ended December 31, 2020. Christopher Bilotto, President and Chief Operating Officer of OPI, made the following statement: “We are pleased with OPI's continued solid performance throughout 2020. Fourth quarter Normalized FFO per share and Same Property Cash Basis NOI growth both exceeded expectations and CAD increased by 6.5% year over year. Monthly rent col

Office Properties Income Trust Announces Fourth Quarter and Year End 2020 Results

NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today was named one of the fastest growing middle market companies in Massachusetts by the Boston Business Journal (BBJ) in its 2021 Middle Market Leaders ranking. With total revenues of $678.4 million for 2019, OPI ranked third on the list. The BBJ's Middle Market Leaders list ranks publicly traded and private companies with revenues of between $25 million and $1 billion by two-year revenue growth. This is the second

Office Properties Income Trust Ranks Third on Boston Business Journal's 2021 Middle Market Leaders List

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NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced that the Company has been invited to present at the B. Riley Securities 2021 Vision Day held virtually on Thursday, January 28, 2021, after being selected as one of the bank's top stock picks for 2021. President and Chief Operating Officer Chris Bilotto and Chief Financial Officer and Treasurer Matt Brown will be presenting at 11:30 a.m. Eastern time. The presentation will be webcast live and available

Office Properties Income Trust to Present at the B. Riley Securities 2021 Vision Day on January 28th

NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced that it has completed the sale of a property in Richmond, VA for a sale price of $130.0 million, excluding closing costs. “We are pleased with this opportunistic sale at what we believe to be a price reflective of a long-term stabilized property despite the tenant's lease expiring in 2024,” stated Chris Bilotto, President and Chief Operating Officer of OPI. “The $418 per square foot sale is on par with

Office Properties Income Trust Announces the Sale of Richmond, VA Property for $130 Million

NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced that it will issue a press release containing its fourth quarter 2020 financial results after the Nasdaq closes on Thursday, February 18, 2021. On Friday, February 19, 2021 at 10:00 a.m. Eastern Time, President and Chief Operating Officer Christopher Bilotto and Chief Financial Officer Matthew Brown will host a conference call to discuss these results. The conference call telephone number is (877) 328-1

Office Properties Income Trust Fourth Quarter 2020 Conference Call Scheduled for Friday, February 19th

NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced that the characterization of dividends for 2020 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 01/16/20 01/27/20 02/20/2

Office Properties Income Trust Announces 2020 Dividend Allocations

Office Properties Income Trust has an impressive roster of tenants. The yield is rather spectacular and coverage is excellent as well.

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