Office Properties Income Trust OPI
Office Properties Income Trust is a real estate investment trust that owns 122 office and mixed-use properties containing approximately 17.1 million rentable square feet, with an additional 51% interest in an unconsolidated joint venture owning two properties with approximately 0.3 million rentable square feet. As of December 31, 2025, the properties were leased to 212 tenants with a weighted average remaining lease term of approximately 6.6 years, with the U.S. government representing approximately 17.2% of annualized rental income. The company is currently in Chapter 11 bankruptcy proceedings, which commenced on October 30, 2025, and is operating under a confirmed plan of reorganization that contemplates a restructured capital structure with new debt and equity arrangements.
Business overview written from the company's own Form 10-K (Item 1), filed 2026-05-22 — refreshed whenever it files a new one. The figures above are current; see its SEC filings. ✓ From the 10-K
Plain-English: the Snapshot is the quick read — what it pays you (yield, dividend), how its cash flow looks (FFO/AFFO, Price/OCF) and how much debt it carries. Switch to Expert in the header to hide these explanations.
Snapshot
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
$10,000 invested
Illustrative income only, at today's price and latest declared dividend — it excludes price changes, dividend cuts and taxes. Not a forecast.
Model OPI yourself — any amount, shares, per-payment & a multi-year DRIP projection →
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $442.56M | $-272.37M | $174.96M | $-300.99M | $-6.15M |
| 2024 | $501.98M | $-136.11M | $196.74M | $285.62M | $67.17M |
| 2023 | $533.55M | $-69.43M | $200.26M | $302.34M | $141.73M |
| 2022 | $554.27M | $-6.11M | $223.69M | $334.14M | $192.61M |
| 2021 | $576.48M | $-8.18M | $241.49M | $348.45M | $221.49M |
| 2020 | $587.92M | $6.68M | $476.21M | $368.12M | $233.63M |
Dividends
Recent regular dividends per share (special distributions excluded), oldest → newest.
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2025-04-22 | 2025-04-22 | 2025-05-15 | 2025-04-10 | $0.02 | Quarterly |
| 2025-01-27 | 2025-01-27 | 2025-02-20 | 2025-01-16 | $0.01 | Quarterly |
| 2024-10-28 | 2024-10-28 | 2024-11-14 | 2024-10-16 | $0.01 | Quarterly |
| 2024-07-22 | 2024-07-22 | 2024-08-15 | 2024-07-11 | $0.01 | Quarterly |
| 2024-04-19 | 2024-04-22 | 2024-05-16 | 2024-04-11 | $0.01 | Quarterly |
| 2024-01-19 | 2024-01-22 | 2024-02-15 | 2024-01-11 | $0.01 | Quarterly |
| 2023-10-20 | 2023-10-23 | 2023-11-16 | 2023-10-12 | $0.25 | Quarterly |
| 2023-07-21 | 2023-07-24 | 2023-08-17 | 2023-07-13 | $0.25 | Quarterly |
| 2023-04-21 | 2023-04-24 | 2023-05-18 | 2023-04-13 | $0.25 | Quarterly |
| 2023-01-20 | 2023-01-23 | 2023-02-16 | 2023-01-12 | $0.55 | Quarterly |
| 2022-10-21 | 2022-10-24 | 2022-11-17 | 2022-10-13 | $0.55 | Quarterly |
| 2022-07-22 | 2022-07-25 | 2022-08-18 | 2022-07-14 | $0.55 | Quarterly |
| 2022-04-22 | 2022-04-25 | 2022-05-19 | 2022-04-14 | $0.55 | Quarterly |
| 2022-01-21 | 2022-01-24 | 2022-02-17 | 2022-01-13 | $0.55 | Quarterly |
| 2021-10-22 | 2021-10-25 | 2021-11-18 | 2021-10-14 | $0.55 | Quarterly |
| 2021-07-23 | 2021-07-26 | 2021-08-19 | 2021-07-15 | $0.55 | Quarterly |
| 2021-04-23 | 2021-04-26 | 2021-05-20 | 2021-04-15 | $0.55 | Quarterly |
| 2021-01-22 | 2021-01-25 | 2021-02-18 | 2021-01-14 | $0.55 | Quarterly |
| 2020-10-23 | 2020-10-26 | 2020-11-19 | 2020-10-15 | $0.55 | Quarterly |
| 2020-07-24 | 2020-07-27 | 2020-08-20 | 2020-07-16 | $0.55 | Quarterly |
| 2020-04-09 | 2020-04-13 | 2020-05-21 | 2020-04-02 | $0.55 | Quarterly |
| 2020-01-24 | 2020-01-27 | 2020-02-20 | 2020-01-16 | $0.55 | Quarterly |
| 2019-10-25 | 2019-10-28 | 2019-11-14 | 2019-10-17 | $0.55 | Quarterly |
| 2019-07-26 | 2019-07-29 | 2019-08-15 | 2019-07-18 | $0.55 | Quarterly |
Coverage (payout of operating cash flow): -46.79%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Recent news — OPI
Headlines via Financial Modeling Prep; links open the original publisher in a new tab. Not an endorsement or investment advice.
Other Office REITs
Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.