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, equating to $2.20 annually. This will be paid to shareholders of record by January 25, 2021, with distribution on or about February 18, 2021. OPI focuses on owning and leasing real estate, primarily to single tenants with high credit quality, including government entities. The dividend rate can be adjusted by OPI’s Board of Trustees based on various financial factors, and future payments are not guaranteed.

Positive

• Quarterly cash distribution of $0.55 per share, providing a steady income for shareholders.
• Focus on high credit quality tenants, including government entities, which may reduce rental income risk.

Negative

• Dividend payments are not guaranteed in the future and may be adjusted depending on OPI's financial status.

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 January 25, 2021 and distributed on or about February 18, 2021.

Office Properties Income Trust is a real estate investment trust, or REIT, focused on owning, operating and leasing buildings primarily leased to single tenants and those with high credit quality characteristics like 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 dividend amount for OPI in 2021?

Office Properties Income Trust (OPI) announced a dividend amount of $0.55 per share for 2021.

When is the dividend payment date for OPI?

The dividend payment date for OPI is on or about February 18, 2021.

What factors affect OPI's dividend rate?

OPI's Board of Trustees considers historical and projected income, cash available for distribution, and other financial obligations when setting dividend rates.

Is the OPI dividend sustainable?

The sustainability of OPI's dividend is not guaranteed, as future rates can be adjusted based on various financial considerations.

Who manages Office Properties Income Trust?

Office Properties Income Trust is managed by The RMR Group Inc.