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Office Properties Income Trust Common Shares of Beneficial Interest - OPI STOCK NEWS

Welcome to our dedicated page for Office Properties Income Trust Common Shares of Beneficial Interest news (Ticker: OPI), a resource for investors and traders seeking the latest updates and insights on Office Properties Income Trust Common Shares of Beneficial Interest stock.

Office Properties Income Trust (OPI) is a leading real estate investment trust (REIT) based in the United States. Focused on owning, operating, and leasing properties, OPI primarily serves single tenants with high credit quality, including prominent government entities and reputable corporations. This focus on high-credit tenants ensures stable and reliable income, which is a cornerstone of OPI's business strategy.

The company boasts a diverse property portfolio, mainly composed of single-tenant office buildings and some multitenant properties, strategically located across the United States. Its largest tenant is the U.S. government, underscoring the trust and credibility that OPI has established in managing high-stakes leases. Other tenants include a mix of smaller government entities and various corporations, all of whom share the common trait of strong creditworthiness.

OPI is managed by the operating subsidiary of The RMR Group Inc. (NASDAQ: RMR), an alternative asset management company headquartered in Newton, Massachusetts. This partnership with The RMR Group enhances OPI's operational efficiency and leverages extensive industry expertise to maximize value for its stakeholders.

Recent initiatives by OPI include strategic property acquisitions and disposals aimed at optimizing their portfolio for higher returns. The company is also actively involved in upgrading its existing properties to meet modern standards and sustainability goals, thereby enhancing their market appeal and tenant satisfaction.

The company's financial condition remains robust, supported by a diversified and high-credit tenant base. OPI continues to seek growth opportunities through strategic leasing agreements and targeted acquisitions that align with its long-term goals. For investors, OPI represents a stable and reliable investment, backed by strong fundamentals and a clear strategic vision.

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The RMR Group (Nasdaq: RMR) has been recognized as one of the fastest growing middle market companies in Massachusetts by the Boston Business Journal in its 2023 Middle Market Leaders ranking. RMR reported total revenues of $832.5 million for Fiscal 2022, securing the 28th position in the rankings. This marks RMR's third appearance on the BBJ's list, which includes companies with revenues between $25 million and $1 billion. President & CEO Adam Portnoy highlighted the company's steady growth and dedication to clients. Additionally, RMR received multiple awards, including recognition from the U.S. Environmental Protection Agency and the U.S. Department of Energy.

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Office Properties Income Trust (Nasdaq: OPI) reported strong Q4 2022 results with net income of $6.4 million, or $0.13 per share, and Normalized FFO of $54.5 million, equating to $1.13 per share. The company achieved its highest quarterly leasing activity in three years with 705,000 square feet leased, yielding a 5.6% roll-up in rents. Total portfolio occupancy rose to 90.6%, while liquidity remains robust at nearly $570 million.

However, net income was down from $16.9 million, or $0.35 per share, in Q4 2021, influenced by decreased rental income and increased operating costs.

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Industrial Logistics Properties Trust (Nasdaq: ILPT) reported a net loss of $31 million, or $0.48 per share, for Q4 2022, compared to a profit of $63 million in the same period last year. Normalized Funds From Operations (FFO) dropped 82.8% to $5.4 million, or $0.08 per share. Despite a record 1.4 million square feet leased at a rental rate increase of 18.7%, total leasing for the year reached 7.8 million square feet at a 47.3% rise in rental rates. The company boasts a 99.1% occupancy rate across its portfolio. CEO Yael Duffy expressed confidence in organic cash flow growth in 2023, given the robust industrial real estate fundamentals.

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Office Properties Income Trust (Nasdaq: OPI) announced the characterization of its dividends for 2022 tax reporting. The total dividend per share for 2022 is $2.20, comprising various allocations including $0.8211 classified as ordinary income. Key dividend dates include declaration on January 13, record on January 24, and payment on February 17. Shareholders will need to refer to IRS Form 1099-DIV for tax reporting purposes. OPI focuses on office properties, with a significant portion of revenue from investment-grade tenants.

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Office Properties Income Trust (Nasdaq: OPI) will release its fourth quarter 2022 financial results on February 15, 2023, after Nasdaq closes. A conference call will be held on February 16, 2023, at 10:00 a.m. Eastern Time, hosted by President Christopher Bilotto and CFO Matthew Brown. Participants can join the call at (877) 328-1172 for U.S. callers or (412) 317-5418 for international callers. A replay will be available until February 23, 2023. OPI is a REIT specializing in office properties, comprising approximately 21.2 million square feet across more than 160 properties, with significant revenues sourced from investment-grade tenants.

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Industrial Logistics Properties Trust (Nasdaq: ILPT) will report its fourth quarter 2022 financial results post-market on February 14, 2023. A conference call to discuss these results is scheduled for February 15, 2023, at 10:00 a.m. ET, featuring President Yael Duffy and CFO Brian Donley. The call can be accessed at (877) 418-4826 for U.S. participants and (412) 902-6758 for international callers. A replay will be available until February 22, 2023, at (412) 317-0088, using pass code 9022133. As of September 30, 2022, ILPT owned 413 properties covering around 60 million square feet.

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Industrial Logistics Properties Trust (Nasdaq: ILPT) announces a quarterly cash distribution of $0.01 per share, totaling $0.04 annually. This payment will be issued to shareholders on record by January 23, 2023, with distribution expected on or about February 16, 2023. ILPT focuses on logistics properties, boasting a portfolio of 413 properties and 60 million rentable square feet across 39 states. Over 78.1% of annual rental revenue is sourced from investment grade tenants, underscoring its strong financial foundation.

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Office Properties Income Trust (Nasdaq: OPI) announced a quarterly cash distribution of $0.55 per common share, amounting to $2.20 annually. This payment is for shareholders of record as of January 23, 2023, with distribution slated for February 16, 2023. OPI focuses on leasing office properties primarily to high-credit tenants, with 63% of revenue from investment-grade rated tenants as of September 30, 2022, and operates over 160 properties across 31 states and Washington, D.C.

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The RMR Group (Nasdaq: RMR) has been named one of the Top Places to Work in Massachusetts for the third consecutive year by The Boston Globe. This recognition is based on employee feedback from a record 94,000 participants across 381 companies. President and CEO Adam Portnoy emphasized that the company's success is driven by its employees and their development. RMR currently manages over $37 billion in assets across more than 2,100 properties nationwide. The company has also received various awards in 2022, showcasing its commitment to excellence in real estate management.

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FAQ

What is the current stock price of Office Properties Income Trust Common Shares of Beneficial Interest (OPI)?

The current stock price of Office Properties Income Trust Common Shares of Beneficial Interest (OPI) is $0.9159 as of January 14, 2025.

What is the market cap of Office Properties Income Trust Common Shares of Beneficial Interest (OPI)?

The market cap of Office Properties Income Trust Common Shares of Beneficial Interest (OPI) is approximately 61.4M.

What does Office Properties Income Trust (OPI) do?

OPI is a real estate investment trust that owns, operates, and leases properties primarily to high-credit-quality single tenants, including government entities.

Who manages OPI?

OPI is managed by the operating subsidiary of The RMR Group Inc., an alternative asset management company.

Who are OPI's largest tenants?

The largest tenant of OPI is the U.S. government, followed by smaller government entities and various corporations with high credit quality.

Where are OPI's properties located?

OPI's properties are spread across the United States, focusing on strategic locations suitable for high-credit tenants.

What is the primary business strategy of OPI?

The primary business strategy of OPI is to maintain a portfolio of high-credit tenants, ensuring stable and reliable income streams.

What recent initiatives has OPI undertaken?

Recent initiatives by OPI include strategic property acquisitions and disposals, as well as upgrades to existing properties to meet modern standards and sustainability goals.

How does OPI ensure financial stability?

OPI ensures financial stability through a diversified tenant base with high credit quality, strategic leasing agreements, and targeted property acquisitions.

What segment does OPI operate in?

OPI operates in a single segment which is the direct ownership of real estate properties.

What is the relationship between OPI and The RMR Group?

The RMR Group manages OPI, leveraging its extensive industry expertise to enhance OPI's operational efficiency and value maximization.

How can investors benefit from OPI?

Investors can benefit from OPI's stable and reliable income streams, backed by a portfolio of high-credit tenants and a clear strategic vision for growth.
Office Properties Income Trust Common Shares of Beneficial Interest

Nasdaq:OPI

OPI Rankings

OPI Stock Data

61.45M
54.43M
2.3%
61.96%
6.96%
REIT - Office
Real Estate
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United States of America
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