Office Properties Income Trust to Participate at the 22nd B. Riley Securities Annual Institutional Investor Conference on Wednesday, May 25th

Rhea-AI Summary

Office Properties Income Trust (Nasdaq: OPI) announced strong first quarter 2022 leasing results, totaling 572,000 square feet, with a 5.1% weighted average roll-up in rents and a 10.7-year weighted average lease term. President Chris Bilotto and CFO Matt Brown will represent OPI at the B. Riley Securities Institutional Investor Conference on May 25, 2022, in Beverly Hills, CA. OPI's revenues largely stem from investment-grade rated tenants, with 64% of revenues as of March 31, 2022. The company manages over 170 properties across 32 states and D.C.

Company Recently Announced Strong First Quarter Leasing Results

NEWTON, Mass.--(BUSINESS WIRE)-- Office Properties Income Trust (Nasdaq: OPI) today announced that President and Chief Operating Officer Chris Bilotto and Chief Financial Officer and Treasurer Matt Brown will be participating in meetings with investors at the 22nd Annual B. Riley Securities Institutional Investor Conference in Beverly Hills, CA on Wednesday, May 25th, 2022. For additional information or to schedule a one-on-one meeting with OPI management, please contact your B. Riley Securities representative.

OPI recently reported first quarter 2022 results highlighted by 572,000 square feet of leasing for a 5.1% weighted average roll-up in rents and a 10.7 year weighted average lease term. OPI’s first quarter 2022 results news release can be found at the following link: https://www.opireit.com/investors/news/news-release-details/2022/Office-Properties-Income-Trust-Announces-First-Quarter-2022-Results/default.aspx.

About Office Properties Income Trust

Office Properties Income Trust (Nasdaq: 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 March 31, 2022, approximately 64% of OPI's revenues were from investment grade rated tenants. OPI owned and leased more than 170 properties as of March 31, 2022, with approximately 23 million square feet located in 32 states and Washington, D.C. In 2022, OPI was named as an Energy Star® Partner of the Year for the fifth consecutive year. OPI is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company. For more information, visit www.opireit.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/20220523005947/en/

Kevin Barry, Director, Investor Relations

(617) 219-1410

www.opireit.com

Source: Office Properties Income Trust

FAQ

What are the first quarter 2022 leasing results for OPI (Nasdaq: OPI)?

Office Properties Income Trust reported first quarter 2022 leasing results of 572,000 square feet, achieving a 5.1% weighted average roll-up in rents.

When is the B. Riley Securities Institutional Investor Conference for OPI (RMR)?

The B. Riley Securities Institutional Investor Conference will take place on May 25, 2022.

How long is the average lease term reported by OPI for Q1 2022?

OPI reported a weighted average lease term of 10.7 years for the first quarter of 2022.

What percentage of OPI's revenues come from investment-grade tenants?

Approximately 64% of OPI's revenues come from investment-grade rated tenants as of March 31, 2022.

How many properties does OPI own and manage?

As of March 31, 2022, OPI owns and manages more than 170 properties across 32 states and Washington, D.C.