Office Properties Income Trust Announces Quarterly Dividend on Common Shares

Rhea-AI Summary

Office Properties Income Trust (Nasdaq: OPI) has announced a quarterly cash distribution of $0.55 per common share, totaling $2.20 per share annually. This payment is set for May 20, 2021, for shareholders on record as of April 26, 2021. OPI is a real estate investment trust focusing on high-quality, single-tenant properties, including government-leased entities. The distribution's continuity is dependent on various factors assessed by OPI’s Board of Trustees, with no guarantee of future dividend rates.

Positive

• Quarterly cash distribution of $0.55 per share, totaling $2.20 annually.
• Focus on high-quality, single-tenant properties potentially ensures stable income.

Negative

• Future dividend rates are not guaranteed and may change based on Board assessment.
• Investors cautioned against placing undue reliance on future dividend payments.

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 April 26, 2021 and distributed on or about May 20, 2021.

Office Properties Income Trust is a real estate investment trust, or 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 current dividend payment for OPI?

The current dividend payment for Office Properties Income Trust (OPI) is $0.55 per common share, or $2.20 annually.

When will the dividend for OPI be paid?

The dividend will be paid on or about May 20, 2021, to shareholders of record as of April 26, 2021.

How often does OPI pay dividends?

Office Properties Income Trust pays dividends quarterly.

Is OPI's dividend sustainable?

The sustainability of OPI's dividend depends on various factors considered by the Board of Trustees, and there is no guarantee of future payments.