Office Properties Income Trust (OPI)
| Market Cap | 94.58M |
| Revenue (ttm) | 533.55M |
| Net Income (ttm) | -69.43M |
| Shares Out | 48.75M |
| EPS (ttm) | -1.44 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | $0.04 (2.06%) |
| Ex-Dividend Date | Apr 19, 2024 |
| Volume | 500,139 |
| Open | 1.990 |
| Previous Close | 2.050 |
| Day's Range | 1.932 - 2.010 |
| 52-Week Range | 1.810 - 8.800 |
| Beta | 1.16 |
| Analysts | Buy |
| Price Target | 9.30 (+379.38%) |
| Earnings Date | May 1, 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]
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 StatementsAnalyst Forecast
According to 2 analysts, the average rating for OPI stock is "Buy." The 12-month stock price forecast is $9.3, which is an increase of 379.38% from the latest price.
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...
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...
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 ...
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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 ...
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...
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...
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...
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...
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 ...
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...
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 ...
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...
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...
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...
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...
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...
Flat Footed LLC Comments on Termination of Diversified Healthcare Trust's Merger with Office Properties Income Trust
WILSON, Wyo.--(BUSINESS WIRE)--Flat Footed LLC (together with its affiliates, “FFL” or “we”), a top shareholder of Diversified Healthcare Trust (Nasdaq: DHC) (“DHC” or the “Company”) and the owner of ...
Diversified Healthcare Trust and Office Properties Income Trust Mutually Agree to Terminate Merger Agreement
NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) and Office Properties Income Trust (Nasdaq: OPI) today announced that they have mutually agreed to terminate their previously...
Diversified Healthcare Trust and Office Properties Income Trust To Adjourn Respective Special Meetings of Shareholders
NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) and Office Properties Income Trust (Nasdaq: OPI) today announced that they will convene and immediately adjourn their respect...
Glass Lewis Joins ISS in Recommending Shareholders of Diversified Healthcare Trust Vote AGAINST the Proposed Merger with Office Properties Income Trust
WILSON, Wyo.--(BUSINESS WIRE)--Flat Footed LLC (together with its affiliates, “FFL” or “we”), a top shareholder of Diversified Healthcare Trust (Nasdaq: DHC) (“DHC” or the “Company”) and the owner of ...
ISS Recommends Diversified Healthcare Trust Shareholders Vote AGAINST the Flawed, Value-Destructive Merger with Office Properties Income Trust
WILSON, Wyo.--(BUSINESS WIRE)--Flat Footed LLC (together with its affiliates, “FFL” or “we”), a top shareholder of Diversified Healthcare Trust (Nasdaq: DHC) (“DHC” or the “Company”) and the owner of ...
Flat Footed LLC Issues Open Letter to Fellow Shareholders to Expose the Distortions and Misrepresentations in Diversified Healthcare Trust's Recent Investor Presentation
WILSON, Wyo.--(BUSINESS WIRE)--Flat Footed LLC (together with its affiliates, “FFL” or “we”), a top shareholder of Diversified Healthcare Trust (Nasdaq: DHC) (“DHC” or the “Company”) and the owner of ...
Diversified Healthcare Trust Sends Letter to Shareholders Outlining Robust Process to Maximize Value
NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today announced it has mailed a letter to shareholders from the DHC Special Committee and Board of Trustees outlining the ind...
Diversified Healthcare Trust Releases Investor Presentation Highlighting Benefits of Pending Merger with Office Properties Income Trust
NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) yesterday released a presentation outlining the reasons shareholders should vote to approve its pending merger with Office Pr...