Office Properties Income Trust Announces Quarterly Dividend on Common Shares

Rhea-AI Summary

Office Properties Income Trust (Nasdaq: OPI) has announced its regular quarterly cash distribution. The company will pay a dividend of $0.01 per share, which amounts to $0.04 per share annually. The dividend will be paid to shareholders who are on record as of January 27, 2025, with the distribution scheduled for around February 20, 2025.

Positive

• Maintaining dividend payments, indicating continued shareholder returns

Negative

• Very low dividend amount of $0.04 annually per share suggests potential financial constraints
• Significant reduction from previous dividend levels indicates possible cash flow challenges

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 share ($0.04 per share per year). This distribution will be paid to OPI’s common shareholders of record as of the close of business on January 27, 2025 and distributed on or about February 20, 2025.

About Office Properties Income Trust

OPI is a national REIT focused on owning and leasing office properties to high credit quality tenants in markets throughout the United States. As of September 30, 2024, approximately 59% of OPI’s revenues were from investment grade rated tenants. OPI owned 145 properties as of September 30, 2024, with approximately 19.5 million square feet located in 30 states and Washington, D.C. In 2024, OPI was named as an Energy Star® Partner of the Year for the seventh consecutive year. OPI is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with nearly $41 billion in assets under management as of September 30, 2024, and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. For more information, visit opireit.com.

WARNING CONCERNING 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 intent, 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 regular quarterly cash distribution rate is $0.01 per share per quarter or $0.04 per share per year. A possible implication of this statement is that OPI will continue to pay quarterly distributions of $0.01 per share per quarter or $0.04 per share per year in the future. OPI’s distribution rate may be set and reset from time to time by OPI’s Board of Trustees. OPI’s Board of Trustees considers many factors when setting or resetting OPI’s distribution rate, including OPI’s historical and projected net income, funds from operations and normalized funds from operations, cash available for distribution, requirements to maintain OPI’s qualification for taxation as a REIT, the then current and expected needs and availability of cash to pay OPI’s obligations and fund its investments, limitations in OPI’s debt agreements, the availability to OPI of debt and equity capital, OPI’s dividend yield and its dividend yield compared to the dividend yields of other REITs, OPI’s expectation of its future capital requirements and operating performance, OPI’s expected needs for and availability of cash to pay its obligations and other factors deemed relevant by OPI’s Board of Trustees in its discretion. Accordingly, future distributions to OPI’s shareholders may be increased or decreased and OPI cannot be sure as to the rate at which future distributions will be paid.

You should not place undue reliance upon forward-looking statements.

Except as required by law, OPI does not intend to update or change 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250115870270/en/

Kevin Barry, Senior Director, Investor Relations

(617) 219-1410

Source: Office Properties Income Trust

FAQ

What is OPI's quarterly dividend amount for Q1 2025?

OPI's quarterly dividend amount for Q1 2025 is $0.01 per share.

When is the record date for OPI's Q1 2025 dividend?

The record date for OPI's Q1 2025 dividend is January 27, 2025.

When will OPI pay its Q1 2025 dividend?

OPI will pay its Q1 2025 dividend on or about February 20, 2025.

What is OPI's annual dividend rate for 2025?

OPI's annual dividend rate for 2025 is $0.04 per share.