Office Properties Income Trust (OPI)

NASDAQ: OPI · IEX Real-Time Price · USD
2.450
+0.010 (0.41%)
At close: Jul 19, 2024, 4:00 PM
2.440
-0.010 (-0.41%)
Pre-market: Jul 22, 2024, 6:57 AM EDT
0.41%
Market Cap 119.44M
Revenue (ttm) 540.57M
Net Income (ttm) -74.17M
Shares Out 48.75M
EPS (ttm) -1.54
PE Ratio n/a
Forward PE n/a
Dividend $0.04 (1.63%)
Ex-Dividend Date Jul 22, 2024
Volume 417,301
Open 2.420
Previous Close 2.440
Day's Range 2.310 - 2.570
52-Week Range 1.810 - 8.110
Beta 1.13
Analysts Buy
Price Target 4.30 (+75.51%)
Earnings Date Jul 31, 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 -$69.43 million, 1036.6% 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 75.51% from the latest price.

Price Target
$4.3
(75.51% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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 to $0.01 per common share ($0.04 per share per y...

11 days 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...

19 days ago - Business Wire

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...

4 weeks 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...

6 weeks ago - Business Wire

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...

2 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...

2 months ago - Business Wire

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...

2 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...

2 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
2 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...

3 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 ...

4 months ago - Business Wire

Top 3 Real Estate Stocks Which Could Rescue Your Portfolio This Month - City Office REIT (NYSE:CIO), Orion Office REIT (NYSE:ONL)

The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.

Other symbols: ONLCIO
5 months ago - Benzinga

Office Properties Income Trust Announces Fourth Quarter 2023 Results

NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced its financial results for the quarter ended December 31, 2023, which can be found at the Quarterly Results ...

5 months ago - Business Wire

Office Properties Income Trust Closes $300 Million Offering of Senior Secured Notes Due 2029

NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced that it has consummated the offering of $300 million aggregate principal amount of 9.000% senior secured no...

5 months ago - Business Wire

Office Properties Income Trust Prices $300 Million of Senior Secured Notes Due 2029

NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced that it has priced $300 million aggregate principal amount of 9.000% senior secured notes due 2029. The clo...

5 months ago - Business Wire

Office Properties Income Trust Announces $425 Million Amended and Restated Secured Credit Facilities

NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced that it has entered into a second amended and restated secured credit agreement that governs its new $325 m...

6 months ago - Business Wire

Office Properties Income Trust Fourth Quarter 2023 Conference Call Scheduled for Friday, February 16th

NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced that it will issue a press release containing its fourth quarter 2023 financial results after the Nasdaq cl...

6 months ago - Business Wire

Office Properties Income Trust Announces 2023 Dividend Allocations

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 ...

6 months ago - Business Wire

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

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 it...

6 months ago - Market Watch

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

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 ...

6 months ago - Business Wire

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

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. Du...

Other symbols: ILPTRMR
8 months ago - Business Wire

Office Properties Income Trust Announces Third Quarter 2023 Results

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...

9 months ago - Business Wire

Office Properties Income Trust Third Quarter 2023 Conference Call Scheduled for Tuesday, 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 2023 financial results after the Nasdaq clo...

10 months ago - Business Wire

Office Properties Income Trust Announces Executive Officer Promotions

NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced that Christopher Bilotto has been appointed President and Chief Executive Officer and Brian Donley has been...

Other symbols: RMR
10 months ago - Business Wire

Office Properties Income Trust Closes $69.2 Million of Mortgage Loans

NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced that it has closed two mortgage loans totaling $69.2 million of gross proceeds. In aggregate to date, OPI h...

10 months ago - Business Wire