Office Properties Income Trust Named to Boston Business Journal’s 2022 Middle Market Leaders Ranking

Rhea-AI Summary

Office Properties Income Trust (Nasdaq: OPI) has been recognized by the Boston Business Journal as one of the fastest growing middle market companies in Massachusetts, ranking 29th in its 2022 Middle Market Leaders list. This is the third consecutive year that OPI has made the list, highlighting its significant revenue growth from 2018 to 2020 within the $25 million to $1 billion revenue range. The company continues to focus on enhancing the quality and sustainability of its commercial real estate portfolio.

Positive

• Ranked 29th among the fastest growing middle market companies in Massachusetts for 2022.
• This marks the third consecutive year OPI has been recognized on this list.
• Highlights significant revenue growth over the analyzed period.

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• None.

NEWTON, Mass.--(BUSINESS WIRE)-- Office Properties Income Trust (Nasdaq: OPI) today announced that it was named one of the fastest growing middle market companies in Massachusetts by the Boston Business Journal (BBJ) in its 2022 Middle Market Leaders ranking. OPI ranked 29th on the list, which incorporates the BBJ’s analysis of revenue growth of companies with revenue between $25 million and $1 billion for 2018, 2019 and 2020. This is the third consecutive year that OPI appears on the list.

Christopher Bilotto, President and Chief Operating Officer of OPI, made the following statement:

“We are honored to have OPI’s growth recognized by the Boston Business Journal for the third consecutive year. We believe OPI’s ranking among the fastest growing middle market companies in Massachusetts is a strong testament to our continued execution of OPI’s growth strategies focused on enhancing the overall quality our commercial real estate portfolio and enhancing the sustainability of our properties to be a landlord of choice.”

OPI is a client of The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with more than $33 billion in assets under management. RMR earned the top ranking on the BBJ’s 2020 Middle Market Leaders list. Industrial Logistics Properties Trust (Nasdaq: ILPT), another client of The RMR Group, placed 32nd on the 2022 Middle Market Leaders list, which is the second consecutive year that ILPT appears on the list.

About Office Properties Income Trust

OPI is a national REIT focused on owning and leasing office properties primarily to single tenants and those with high credit quality characteristics. As of December 31, 2021, approximately 62% of OPI’s revenues were from investment grade rated tenants. OPI owned and leased more than 170 properties as of December 31, 2021, with over 23 million square feet located in 33 states and Washington, D.C. In 2021, OPI was named as an Energy Star® Partner of the Year for the fourth consecutive year, and a Green Lease Leader. OPI is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company. OPI is headquartered in Newton, MA. For more information, visit www.opireit.com.

About The RMR Group

The RMR Group (Nasdaq: RMR) is a leading U.S. alternative asset management company, unique for its focus on commercial real estate (CRE) and related businesses. RMR’s vertical integration is supported by more than 600 real estate professionals in over 30 offices nationwide who manage over $33 billion in assets under management and leverage 35 years of institutional experience in buying, selling, financing and operating CRE. RMR benefits from a scalable platform, a deep and experienced management team and a diversity of direct real estate strategies across its clients. RMR is headquartered in Newton, MA and was founded in 1986. For more information, please visit www.rmrgroup.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/20220317005740/en/

Kevin Barry

Director, Investor Relations

(617) 219-1410

Source: Office Properties Income Trust

FAQ

What is Office Properties Income Trust's stock symbol?

Office Properties Income Trust trades under the stock symbol OPI.

What was OPI's ranking in the Boston Business Journal's 2022 Middle Market Leaders list?

Office Properties Income Trust ranked 29th in the Boston Business Journal's 2022 Middle Market Leaders list.

Which company managed Office Properties Income Trust?

Office Properties Income Trust is managed by The RMR Group, which is listed on Nasdaq as RMR.

What is the revenue range for companies recognized by the BBJ Middle Market Leaders list?

The BBJ Middle Market Leaders list recognizes companies with revenue between $25 million and $1 billion.

How many years has OPI been recognized by the BBJ in the Middle Market Leaders list?

OPI has been recognized for three consecutive years in the BBJ Middle Market Leaders list.