STOCK TITAN

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.

Rhea-AI Summary
Industrial Logistics Properties Trust (ILPT) announced its financial results for Q4 2023. The company will hold a conference call on February 21, 2024. Details can be found on ILPT's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.83%
Tags
-
Rhea-AI Summary
Office Properties Income Trust (OPI) announces financial results for Q4 2023. A conference call to discuss the results is scheduled for February 16, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.75%
Tags
-
Rhea-AI Summary
Office Properties Income Trust (OPI) announced the offering of $300 million of 9.000% senior secured notes due 2029, guaranteed by subsidiaries and secured by first-priority liens. The net proceeds of approximately $272 million will be used to redeem $350 million of 4.250% Senior Unsecured Notes due 2024. The redemption date is March 9, 2024, with the redemption price paid on March 11, 2024. Joint book-running managers for the offering include B. Riley Securities, Barclays, BMO Capital Markets, and others.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.97%
Tags
none
Rhea-AI Summary
Office Properties Income Trust (OPI) announced the pricing of $300 million of 9.000% senior secured notes due 2029, with the net proceeds expected to be approximately $272 million. The company plans to use the proceeds, along with borrowings under its secured revolving credit facility, to redeem $350 million of its 4.250% Senior Unsecured Notes due 2024. The redemption date is set for March 9, 2024, with the redemption price to be paid on March 11, 2024. The new notes have not been registered under the Securities Act of 1933 and will be offered only to qualified institutional buyers and non-U.S. investors in compliance with Regulation S under the Securities Act.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.11%
Tags
none
-
Rhea-AI Summary
Office Properties Income Trust (OPI) announced the replacement of its prior $750 million unsecured revolving facility with a new $325 million secured revolving credit facility and $100 million secured term loan. The Facilities have a maturity date of January 29, 2027, with an extension option for the revolving credit facility. The interest rate is set at SOFR plus a margin of 3.50%, and the Facilities are secured by 19 office properties with a gross carrying value of $942 million. Wells Fargo Securities, LLC, BofA Securities, Inc., and Citibank, N.A. are the Joint Lead Arrangers and Joint Lead Bookrunners for the Facilities, with Wells Fargo Bank, N.A. serving as the Administrative Agent. OPI currently has $232 million outstanding on the Facilities and $193 million available for borrowing.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.35%
Tags
none
-
Rhea-AI Summary
Industrial Logistics Properties Trust (ILPT) will release its fourth quarter 2023 financial results on February 20, 2024. The press release will be issued after the Nasdaq closes, and a conference call will be held the following day. This announcement provides investors and traders with a key date for upcoming financial information.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.28%
Tags
Rhea-AI Summary
Office Properties Income Trust (OPI) will release its fourth quarter 2023 financial results on February 15, 2024, after Nasdaq closes. The press release will be followed by a conference call on February 16, 2024, at 10:00 a.m. ET.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.55%
Tags
-
Rhea-AI Summary
Office Properties Income Trust (OPI) has announced the dividend allocation for 2023 income tax reporting purposes. The total dividend allocation per share for the year is $1.30, with specific amounts allocated to different types of dividends. Shareholders are advised to refer to IRS Form 1099-DIV for their tax reporting and to visit the OPI website for additional information regarding the effect on the tax basis of OPI shares.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.4%
Tags
dividends
-
Rhea-AI Summary
Industrial Logistics Properties Trust (ILPT) has announced the characterization of dividends for 2023 income tax reporting purposes. The dividend allocation per share is detailed for different types of income, with a total of $0.04 per share. Shareholders are advised to refer to IRS Form 1099-DIV for tax reporting, as this information represents final income allocations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.4%
Tags
dividends
Rhea-AI Summary
Office Properties Income Trust (OPI) has announced a reduction in its regular quarterly cash distribution on its common shares to $0.01 per common share, expected to immediately increase liquidity by approximately $47 million per year. This decision was made in response to deteriorating market conditions and is aimed at increasing financial flexibility for future leasing costs, capital expenditures, and debt maturities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-37.58%
Tags
dividends

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%
REIT - Office
Real Estate
Link
United States of America
NEWTON