Office Properties Income Trust Announces Quarterly Dividend on Common Shares

Rhea-AI Summary

Office Properties Income Trust (Nasdaq: OPI) announced a quarterly cash distribution of $0.55 per common share, translating to $2.20 annually. These payments will go to shareholders recorded as of July 26, 2021, and are scheduled for distribution around August 19, 2021. OPI focuses on owning, operating, and leasing real estate primarily to high-credit-quality tenants, including government entities. The dividend rate is subject to future adjustments at the discretion of the Board of Trustees based on OPI's financial performance and cash availability.

Positive

• Quarterly cash distribution of $0.55 per share indicates a stable income for shareholders.
• Annual dividend yields a total of $2.20 per share, reflecting confidence in OPI's cash flow.

Negative

• Future dividend rates are not guaranteed and may be adjusted based on financial performance.

Office Properties Income Trust (Nasdaq: OPI) today announced a regular quarterly cash distribution on its common shares of $0.55 per common share ($2.20 per share per year). This distribution will be paid to OPI’s common shareholders of record as of the close of business on July 26, 2021 and distributed on or about August 19, 2021.

Office Properties Income Trust is a REIT focused on owning, operating and leasing properties primarily leased to single tenants and those with high credit quality characteristics such as government entities. OPI is managed by the operating subsidiary of The RMR Group Inc. (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, MA.

WARNING REGARDING FORWARD LOOKING STATEMENTS

This press release contains forward looking statements within the meaning of the private securities litigation reform act of 1995 and other securities laws. These forward looking statements are based upon OPI’s present beliefs and expectations, but these statements and the implications of these statements are not guaranteed to occur and may not occur for various reasons, some of which are beyond OPI’s control. For example, this press release states that OPI’s dividend rate will be $0.55/share per quarter or $2.20/share per year. A possible implication of this statement is that OPI will continuously pay quarterly dividends of $0.55/share per quarter or $2.20/share per year in the future. OPI’s dividend rates are set and reset from time to time by OPI’s Board of Trustees. The OPI Board considers many factors when setting dividend rates including OPI’s historical and projected income, normalized funds from operations, cash available for distribution, the then current and expected needs and availability of cash to pay OPI’s obligations and fund OPI’s investments, distributions which may be required to be paid to maintain OPI’s tax status as a real estate investment trust and other factors deemed relevant by OPI’s Board of Trustees in their discretion. Accordingly, future dividend rates may be increased or decreased and there is no assurance as to the rate at which future dividends will be paid. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward looking statements in this press release. Except as required by law, OPI does not intend to update any forward looking statements as a result of new information, future events or otherwise.

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.

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FAQ

What is the upcoming dividend payment date for OPI?

The next dividend payment for OPI is scheduled for on or about August 19, 2021.

How much is the OPI quarterly dividend?

OPI will pay a quarterly dividend of $0.55 per common share.

What is the annual dividend amount for OPI?

The annual dividend amount for OPI is $2.20 per common share.

Who are the tenants of Office Properties Income Trust?

OPI primarily leases properties to high-credit-quality tenants, including government entities.

Are future dividends from OPI guaranteed?

No, future dividends from OPI are subject to change based on financial conditions and Board discretion.