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

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Earnings data Q1 2024

Earnings data Q2 2024

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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's 37% drop after the dividend cut presents a compelling entry for long-term investors. The company is likely to raise secured debt to refinance short-term debt by encumbering its assets. OPI's current implied cap rate of 12.2% is much higher than the 6.9% based on the appraised value, indicating a significant discount on the asset.

Office Properties Income: Catching The Falling Knife After The Dividend Cut

NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced that the characterization of dividends for 2023 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 01/12/23 01/23/23 02/16/23 $0.55   $0.0000   $0.0000   $0.

Office Properties Income Trust Announces 2023 Dividend Allocations

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Office REITs face deep-rooted problems and a slow recovery in demand for office space. The rise and fall of U.S. malls provide lessons for office REIT investors. Even high-quality office REITs may struggle to maintain occupancy and rental rates in the current market. A "slow motion trainwreck" is unravelling.

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

Office Properties Income Trust's stock dropped sharply Thursday after the real-estate-investment trust said “deterioration in market conditions” is forcing it to slash its dividend to a fraction of its earlier level.

Office Properties Income Trust's stock drops sharply as it cuts dividend due to commercial-space woes

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 $0.01 per common share ($0.04 per share per year). OPI's cash distribution on its common shares last quarter was $0.25 per common share ($1.00 per share per year) and the cash distribution on its common shares in Q1 2023 was $0.55 per common share ($2.20 per share per year). Yael Duffy, President a.

Office Properties Income Trust Reduces Quarterly Dividend to Increase Liquidity and Financial Flexibility Going Forward

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REITs averaged a -5.31% total return in October and have now fallen to a double-digit negative total return year to date (-10.46%). Large cap REITs (-2.24%) outperformed their smaller peers in October. Micro caps (-11.32%) extended their streak of severe underperformance. 26.80% of REIT securities had a positive total return in October with just 25.00% in the black year to date.

The State Of REITs: November 2023 Edition

Office Properties Income offers a 25 cents per share quarterly distribution for an 18.8% dividend yield. The REIT faces challenges with debt maturities in 2024 and 2025, but the dovish moves by the Fed will improve the prospects of the commons recovering. OPI's rental income and normalized FFO are decent, but the uncertainty lies in its ability to refinance its debt and the risk of further weakness in FFO.

Office Properties Income: 18.8% Yield, Office Short Unwinding, Fed Pivot

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NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced that Yael Duffy has been appointed President and Chief Operating Officer, effective January 1, 2024. Ms. Duffy will continue to serve as President and Chief Operating Officer of Industrial Logistics Properties Trust (Nasdaq: ILPT). She is also a Senior Vice President of The RMR Group (Nasdaq: RMR), overseeing asset management, leasing and property management for all office, industrial and retail propert.

Office Properties Income Trust Appoints Yael Duffy as President and Chief Operating Officer Effective January 1, 2024

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Operating under the mantra of ‘more is better,' some income-focused investors seek out the highest-yielding dividend stocks out there. Yet if you think that a super-high yield may in theory sound like an easy path to high returns, it may be best to keep in mind the old adage, “there's no such thing as a free lunch.

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Investors looking for stocks in the REIT and Equity Trust - Residential sector might want to consider either Office Properties Income Trust (OPI) or RPT Realty (RPT). But which of these two companies is the best option for those looking for undervalued stocks?

OPI vs. RPT: Which Stock Is the Better Value Option?

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OPI, VICI and ANDE made it to the Zacks Rank #1 (Strong Buy) income stocks list on November 1, 2023.

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Office Properties Income Trust (NASDAQ:OPI ) Q3 2023 Earnings Conference Call October 31, 2023 10:00 AM ET Company Participants Kevin Barry - Senior Director of Investor Relations Chris Bilotto - President & Chief Executive Officer Brian Donley - Chief Financial Officer & Treasurer Conference Call Participants Bryan Maher - B. Riley Securities Tamim Sarwary - Morgan Stanley Operator Good morning, everyone and welcome to the Office Properties Income Trust Third Quarter 2023 Earnings Conference Call.

Office Properties Income Trust (OPI) Q3 2023 Earnings Call Transcript

Office Properties Income Trust (OPI) came out with quarterly funds from operations (FFO) of $1.02 per share, beating the Zacks Consensus Estimate of $0.99 per share. This compares to FFO of $1.11 per share a year ago.

Office Properties Income Trust (OPI) Q3 FFO and Revenues Beat Estimates

NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced its financial results for the quarter ended September 30, 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 third quarter results will be held on Tuesday, October 31, 2023 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 Third Quarter 2023 Results

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REITs averaged a -7.14% total return in September and have fallen into the red year to date. Small cap REITs (-6.51%) outperformed yet again in September. Micro caps (-10.45%) continue to severely underperform their larger REIT peers. Only 9.74% of REIT securities had a positive total return in September with 34.38% in the black year to date.

The State Of REITs: October 2023 Edition

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OPI, NSANY and HEES made it to the Zacks Rank #1 (Strong Buy) value stocks list on October 27, 2023.

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OPI, PSFE and MBWM made it to the Zacks Rank #1 (Strong Buy) value stocks list on October 20, 2023.

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OPI, EIG and MBWM made it to the Zacks Rank #1 (Strong Buy) income stocks list on October 20, 2023.

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Investors interested in stocks from the REIT and Equity Trust - Residential sector have probably already heard of Office Properties Income Trust (OPI) and RPT Realty (RPT). But which of these two stocks is more attractive to value investors?

OPI vs. RPT: Which Stock Should Value Investors Buy Now?

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News for Office Properties Income Trust Stock (OPI)