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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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Office Properties Income Trust (Nasdaq: OPI) announced a quarterly cash distribution of $0.55 per share, amounting to $2.20 annually. This will be paid to shareholders on record as of January 24, 2022, with distribution expected on or about February 17, 2022. OPI, which primarily leases properties to high credit quality tenants, generates approximately 63% of its revenue from investment-grade rated tenants. The trust manages over 170 properties across 33 states and Washington, D.C., and is recognized for sustainability efforts as an Energy Star® Partner of the Year.

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Industrial Logistics Properties Trust (Nasdaq: ILPT) announced a quarterly cash dividend of $0.33 per share, equating to $1.32 annually. Shareholders of record by January 24, 2022 will receive this payment on or about February 17, 2022. ILPT focuses on high-quality logistics properties, maintaining a portfolio of approximately 290 properties across 30 states, with 70% of its annual revenues coming from investment-grade tenants. It's managed by The RMR Group, which oversees over $32 billion in assets.

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Industrial Logistics Properties Trust (Nasdaq: ILPT) has announced an agreement to acquire six industrial properties for approximately $206 million. These fully leased properties, totaling 2.5 million square feet, will lead to net proceeds of about $190 million for ILPT. The funds will be used to pay down part of the $750 million revolving credit facility. The joint venture, now holding 11.7 million square feet across 18 properties, is managed by The RMR Group (Nasdaq: RMR).

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Office Properties Income Trust (Nasdaq: OPI) reported a net income of $3.7 million ($0.08/share) for Q3 2021, a recovery from a $3.8 million loss in the same quarter of 2020. Normalized FFO was $59.6 million ($1.24/share), a drop from $62.6 million ($1.30/share) year-over-year. The same property cash basis NOI increased by 1.0% to $82.5 million. OPI leased 659,000 square feet with an average term of 10.9 years and ended the quarter with an occupancy rate of 89.0%. The company raised $750 million in senior notes, enhancing liquidity to over $800 million.

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Industrial Logistics Properties Trust (Nasdaq: ILPT) reported third quarter net income of $0.28 per share, representing a 27.3% year-over-year increase. The company achieved 818,000 square feet of leasing activity with an average rental rate increase of over 20%. Normalized funds from operations (FFO) remained stable at $0.46 per share. Same property cash basis net operating income (NOI) increased by 3.4%. ILPT's portfolio occupancy was 99%, and the company acquired three Class A industrial buildings for $100 million during the quarter.

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Industrial Logistics Properties Trust (Nasdaq: ILPT) has announced a quarterly cash distribution of $0.33 per share, translating to $1.32 annually. This distribution will be paid to shareholders of record as of October 25, 2021, with payment expected on or about November 18, 2021. The announcement highlights ILPT's ongoing commitment to providing returns to its investors. However, the company warns that future dividend rates may fluctuate based on various factors, including income and cash availability.

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Office Properties Income Trust (Nasdaq: OPI) has announced a quarterly cash distribution of $0.55 per common share, totaling $2.20 annually. Eligible shareholders, those on record by October 25, 2021, will receive this payment on or about November 18, 2021. OPI is a REIT focused on properties leased to high credit quality tenants, including government entities. The dividend rate may be subject to change based on various factors assessed by OPI's Board of Trustees.

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Office Properties Income Trust (Nasdaq: OPI) has amended its business management agreement with The RMR Group LLC to replace the SNL U.S. REIT Office Index with the MSCI U.S. REIT/Office REIT Index for incentive management fee calculations starting August 1, 2021. The historical performance comparisons show that the MSCI index closely aligns with the SNL index. This change aims to ensure a reliable benchmark as the previous index has been discontinued.

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Industrial Logistics Properties Trust (Nasdaq: ILPT) has amended its business management agreement with The RMR Group (Nasdaq: RMR) to replace the SNL U.S. REIT Industrial Index with the MSCI U.S. REIT/Industrial REIT Index for calculating incentive management fees, effective August 1, 2021. Historical returns from the SNL index will be utilized until that date. ILPT owns 291 properties, totaling 35.2 million rentable square feet, and maintains a high lease occupancy rate of approximately 99% with an average lease term of 9.2 years.

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Office Properties Income Trust (Nasdaq: OPI) will release its Q3 2021 financial results after the market closes on October 28, 2021. A conference call will take place on October 29, 2021, at 10:00 a.m. ET, featuring President Christopher Bilotto and CFO Matthew Brown. Interested participants can call (877) 328-1172 or (412) 317-5418 from outside the US and Canada. A live audio webcast will also be available on their website. This REIT focuses on properties leased to high credit quality tenants, including government entities.

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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 $1.02 as of December 20, 2024.

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 76.1M.

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

76.06M
54.43M
2.3%
47.7%
9.03%
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