Office Properties Income Trust OPI
Office Properties Income Trust is a national REIT focused on owning and leasing office properties to high credit quality tenants in markets throughout the United States. As of June 30, 2026, approximately 62% of OPI's revenues were from investment grade rated tenants. OPI owned 122 properties as of June 30, 2026, with approximately 17.1 million square feet located in 29 states and Washington, D.C. OPI is managed by The RMR Group, a leading U.S. alternative asset management company with over 37 billion dollars in assets under management as of June 30, 2026, and 40 years of institutional experience in buying, selling, financing and operating commercial real estate. Office Properties Income Trust is based in Newton, Massachusetts. Office Properties Income Trust was established in February 17, 2009, and incorporated in Maryland.
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.
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 | $445.57M | $-272.37M | $177.97M | $109.17M | $-6.57M |
| 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): —. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Recent news — OPI
Office Properties Income Trust (NASDAQ:OPI) Shares Down 3.8% – What’s Next?
Office Properties Income Trust Prices $425 Million of 8.75% Senior Secured Notes Due 2031
Critical Contrast: Office Properties Income Trust (NASDAQ:OPI) & Mackenzie Realty Capital (NASDAQ:MKZR)
Office Properties Income Trust (OPI) Q2 2026 Earnings Call Prepared Remarks Transcript
Office Properties Income Trust Announces Second Quarter 2026 Results
Office Properties Income Trust Second Quarter 2026 Conference Call Scheduled for Thursday, August 6
Headlines via Financial Modeling Prep; links open the original publisher in a new tab. Not an endorsement or investment advice.
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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.