Office Properties Income Trust Announces 2022 Dividend Allocations

Rhea-AI Summary

Office Properties Income Trust (Nasdaq: OPI) announced the characterization of its dividends for 2022 tax reporting. The total dividend per share for 2022 is $2.20, comprising various allocations including $0.8211 classified as ordinary income. Key dividend dates include declaration on January 13, record on January 24, and payment on February 17. Shareholders will need to refer to IRS Form 1099-DIV for tax reporting purposes. OPI focuses on office properties, with a significant portion of revenue from investment-grade tenants.

Positive

• Dividends totaled $2.20 per share for 2022, providing income for shareholders.
• Majority of revenue (approximately 63%) comes from investment-grade tenants.

Negative

• None.

NEWTON, Mass.--(BUSINESS WIRE)-- Office Properties Income Trust (Nasdaq: OPI) today announced that the characterization of dividends for 2022 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
01/13/22		01/24/22		02/17/22		$0.55		$0.5500		$0.5500			$0.0000		$0.0000		$0.0000		$0.0000
04/14/22		04/25/22		05/19/22		$0.55		$0.2711		$0.2711			$0.0000		$0.0000		$0.0000		$0.2789
07/14/22		07/25/22		08/18/22		$0.55		$0.0000		$0.0000			$0.0000		$0.0000		$0.0000		$0.5500
10/13/22		10/24/22		11/17/22		$0.55		$0.0000		$0.0000			$0.0000		$0.0000		$0.0000		$0.5500
				TOTALS:		$2.20		$0.8211		$0.8211			$0.0000		$0.0000		$0.0000		$1.3789

(1) Section 199A Dividends are a subset of, and included in, the Ordinary Income amount.
(2) Qualified Dividends are a subset of, and included in, the Ordinary Income amount.
(3) Unrecaptured Section 1250 Gain is a subset of, and included in, the Total Capital Gain amount.

OPI’s common share CUSIP number is 67623C109. This information represents final income allocations.

Shareholders should look to IRS Form 1099-DIV for their tax reporting. This press release is not intended to replace the Form 1099-DIV.

About Office Properties Income Trust

Office Properties Income Trust is a national REIT focused on owning and leasing office properties primarily to single tenants and those with high credit quality characteristics. As of September 30, 2022, approximately 63% of OPI's revenues were from investment grade rated tenants. OPI owned and leased more than 160 properties as of September 30, 2022, with approximately 21.2 million square feet located in 31 states and Washington, D.C. In 2022, OPI was named as an Energy Star® Partner of the Year for the fifth consecutive year and a Gold Level Green Lease Leader. OPI is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with over $37 billion in assets under management as of September 30, 2022, and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. OPI is headquartered in Newton, MA. For more information, visit opireit.com.

A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.
No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230118005815/en/

Kevin Barry, Director, Investor Relations

(617) 219-1410

Source: Office Properties Income Trust

FAQ

What is the dividend amount for OPI in 2022?

The total dividend amount for Office Properties Income Trust (Nasdaq: OPI) in 2022 is $2.20 per share.

When is the payment date for OPI's 2022 dividends?

The payment date for Office Properties Income Trust's 2022 dividends is February 17, 2022.

What portion of OPI's dividends is classified as ordinary income?

For 2022, $0.8211 per share of Office Properties Income Trust's dividends is classified as ordinary income.