Office Properties Income Trust (OPI)

NASDAQ: OPI · Real-Time Price · USD
1.120
-0.040 (-3.45%)
At close: Nov 20, 2024, 4:00 PM
1.080
-0.040 (-3.57%)
After-hours: Nov 20, 2024, 7:31 PM EST
-3.45%
Market Cap 62.47M
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 (3.57%)
Ex-Dividend Date Oct 28, 2024
Volume 1,676,009
Open 1.170
Previous Close 1.160
Day's Range 1.055 - 1.185
52-Week Range 1.055 - 7.530
Beta 1.14
Analysts Buy
Price Target 4.30 (+283.93%)
Earnings Date Oct 30, 2024

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]

Industry REIT - Office
Sector Real Estate
IPO Date Jun 3, 2009
Country United States
Stock Exchange NASDAQ
Ticker Symbol OPI
Full Company Profile

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 Statements

Analyst 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 283.93% from the latest price.

Price Target
$4.3
(283.93% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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...

15 days ago - Seeking Alpha

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...

20 days ago - Seeking Alpha

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...

21 days ago - Business Wire

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...

5 weeks ago - Business Wire

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...

7 weeks ago - Business Wire

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...

2 months ago - Seeking Alpha

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...

3 months ago - Seeking Alpha

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...

3 months ago - Seeking Alpha

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 ...

3 months ago - Seeking Alpha

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...

4 months ago - Business Wire

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...

5 months ago - Business Wire

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...

5 months ago - Seeking Alpha

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...

5 months ago - Business Wire

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...

5 months ago - Business Wire

Eyes On The ECB

U.S. equity and bond markets staged a late-week rebound, erasing early-week declines prompted by disappointing Eurozone inflation data, after the crucial PCE inflation gauge posted its smallest increa...

6 months ago - Seeking Alpha

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...

6 months ago - Business Wire

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...

6 months ago - Business Wire

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...

6 months ago - Seeking Alpha

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...

7 months ago - Seeking Alpha

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 ...

7 months ago - Seeking Alpha

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...

7 months ago - Business Wire

Office Properties Income Trust Announces First Quarter 2024 Results

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 sec...

7 months ago - Business Wire

The RMR Group Announces Completion of Unison Elliott Bay Redevelopment

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...

Other symbols: RMR
7 months ago - Business Wire

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 will issue a press release containing its first quarter 2024 financial results after the Nasdaq clo...

8 months ago - Business Wire

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

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 ...

8 months ago - Business Wire