Office Properties Income Trust (OPI)
Market Cap | 56.90M |
Revenue (ttm) | 517.51M |
Net Income (ttm) | -24.73M |
Shares Out | 55.78M |
EPS (ttm) | -0.50 |
PE Ratio | n/a |
Forward PE | n/a |
Dividend | $0.04 (3.92%) |
Ex-Dividend Date | Oct 28, 2024 |
Volume | 2,987,961 |
Open | 1.070 |
Previous Close | 1.070 |
Day's Range | 1.020 - 1.125 |
52-Week Range | 1.020 - 7.530 |
Beta | 1.14 |
Analysts | Buy |
Price Target | 4.30 (+321.57%) |
Earnings Date | Feb 13, 2025 |
About OPI
OPI is a national REIT focused on owning and leasing high quality office and mixed-use properties in select growth-oriented U.S. markets. As of December 31, 2023, approximately 64% of OPI's revenues were from investment grade rated tenants. OPI owned 152 properties as of December 31, 2023, with approximately 20.5 million square feet located in 30 states and Washington, D.C. In 2023, OPI was named as an Energy Star® Partner of the Year for the sixth consecutive year. OPI is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset... [Read more]
Financial Performance
In 2023, OPI's revenue was $533.55 million, a decrease of -3.74% compared to the previous year's $554.28 million. Losses were -$69.74 million, 967.0% more than in 2022.
Financial StatementsAnalyst Forecast
According to 2 analysts, the average rating for OPI stock is "Buy." The 12-month stock price forecast is $4.3, which is an increase of 321.57% from the latest price.
News
Earnings Metrics Of Several U.S. Office REITs Drop In Q3
Most US office REITs ended Q3 with weaker operating metrics compared with the previous 3-month period, as demand for offices continued to drop amid higher rent. In terms of recurring EBITDA, 13 office...
Office Properties Income Trust Closes Private Exchange Relating to 2025 Debt Maturities
NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) (“OPI”) today announced it has consummated the previously announced private exchange of a portion of its 4.50% senior unsec...
Top 3 Real Estate Stocks That May Explode In Q4
The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.
Office Properties Income Trust Announces Entry into Private Exchange Agreement with Certain Noteholders to Address 2025 Debt Maturities
NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) (“OPI”) announced it has entered into an exchange agreement (“Exchange Agreement”) providing for a private exchange (the “E...
5 U.S. REITs Suspend Dividends Amid 2024 Cuts
Five US real estate investment trusts have suspended dividends so far this year, while six other REITs have lowered regular dividend payouts. The activity contrasts with the more than one-third of the...
Office Properties Income Trust (OPI) Q3 2024 Earnings Call Transcript
Office Properties Income Trust (NASDAQ:OPI) Q3 2024 Earnings Conference Call October 31, 2024 10:00 AM ET Company Participants Kevin Barry - Senior Director, Investor Relations Yael Duffy - President...
Office Properties Income Trust Announces Third Quarter 2024 Results
NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced its financial results for the quarter ended September 30, 2024, which can be found at the Quarterly Results...
Office Properties Income Trust Announces Quarterly Dividend on Common Shares
NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced a regular quarterly cash distribution on its common shares of $0.01 per common share ($0.04 per share per y...
Office Properties Income Trust Third Quarter 2024 Conference Call Scheduled for Thursday, October 31st
NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced that it will issue a press release containing its third quarter 2024 financial results after the Nasdaq clo...
Office Properties Income Trust: Why I Sold The Baby Bonds
Office Properties Income Trust (OPI) faces a $500 million debt repayment by February 2025, raising concerns about its ability to remain a going concern. Occupancy rates and leasing volumes have declin...
Office Properties Income Trust: Latest Earnings Are Concerning
Office Properties Income Trust is facing a $500 million bond maturity in February. Second quarter results show revenue down 7%, net income impacted by gains on debt extinguishment and losses on real e...
Office Properties Income Trust (OPI) Q2 2024 Earnings Call Transcript
Office Properties Income Trust (NASDAQ:OPI) Q2 2024 Results Conference Call August 1, 2024 10:00 AM ET Company Participants Kevin Barry - Senior Director, Investor Relations Yael Duffy - President an...
Office Properties Income Trust: Debt Exchange Won't Help The Common
Office Properties Income Trust stock has dropped substantially since our last update. Q2-2024 results drove a rally in the stock this morning. We look at the numbers and tell you why bulls should use ...
Office Properties Income Trust Announces Second Quarter 2024 Results
NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced its financial results for the quarter ended June 30, 2024, which can be found at the Quarterly Results sect...
Office Properties Income Trust Second Quarter 2024 Conference Call Scheduled for Thursday, August 1st
NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced that it will issue a press release containing its second quarter 2024 financial results after the Nasdaq cl...
The State Of REITs: June 2024 Edition
After a rough start to the year, REITs partially bounced back in May with a +2.51% average total return. Small-cap REITs (-0.48%) averaged a negative return in May, but micro caps (+5.09%), large caps...
Office Properties Income Trust Announces Final Results of Private Exchange Offers Relating to Existing Unsecured Senior Notes
NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) (“OPI”) today announced the final results for the previously announced private exchange offers (as amended, the “Exchange O...
Office Properties Income Trust Announces Entry into Support Agreement with Certain Noteholders and Extension of Private Exchange Offers Relating to Existing Unsecured Senior Notes
NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) (“OPI”) today announced that it has entered into a Support Agreement, dated June 10, 2024 (the “Support Agreement”), with c...
Office Properties Income Trust Announces Additional Amendments to Private Exchange Offers Relating to Existing Unsecured Senior Notes
NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) (“OPI”) today announced certain amendments to its previously announced private exchange offers (as amended, the “Second Ame...
Office Properties Income Trust Announces Amendments to Private Exchange Offers Relating to Existing Unsecured Senior Notes
NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) (“OPI”) today announced certain amendments to its previously announced private exchange offers (as amended, the “Amended Ex...
Office Properties Income: Debt Maturity Risk And The 15.2% Yielding Baby Bonds
Office Properties Income is down 70% year-to-date as market concerns about its solvency reach a crescendo. The REIT held an outstanding debt balance of $2.6 billion at the end of its recent first quar...
Office Properties Income Trust: Earnings And Proposed Debt Exchange Are Not Assuring
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 unsecure...
Office Properties Income Trust (OPI) Q1 2024 Earnings Call Transcript
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 ...
Office Properties Income Trust Announces Private Exchange Offers Relating to Existing Unsecured Senior Notes
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 du...