OFFICE PROPERTIES INCOME TRUST

Listed Company

OPICIK 0001456772NasdaqNon-AcceleratedSmaller ReportingReal EstateMarylandINFY ends Dec 31

Period

FY 2025

Revenue

$442.56M

Net Income

$-272.37M

Total Assets

$3.49B

Equity

$880.99M

Shares Out

73.94M

Op. Cash Flow

$-6.57M

OPI$16.71+5932.49% · past yearDBEQ Basic

Daily closing prices

Business

OFFICE PROPERTIES INCOME TRUST is a real estate investment trust that acquires, owns and leases office and mixed‑use properties. It offers leased office and mixed‑use space and related property services, including leasing, redevelopment, repositioning and sustainability and energy‑efficiency initiatives provided through its external manager. The company operates through a single operating segment of direct ownership of real estate properties and may invest via wholly owned interests, joint ventures and taxable REIT subsidiaries. It focuses on select U.S. markets—central business district, urban infill and suburban locations—and leases to government and private tenants through direct leasing and joint venture arrangements.

Summary from filing dated 2025-02-13

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Rental income	443	502	—	—	—
Real estate taxes	49	62	63	58	72
Utility expenses	27	27	27	27	25
Other operating expenses	121	107	110	110	106
Depreciation and amortization	175	195	209	223	241
Loss on impairment of real estate	2	182	11	22	62
Transaction related costs	42	1	32	292,000	0
General and administrative	19	21	23	25	27
Total expenses	436	596	475	465	534
Gain (loss) on sale of real estate	916,000	−7	4	11	78
Interest and other income	3	4	1	217,000	7,000
Interest expense (including net amortization of debt premiums, discounts and issuance costs of $40,825 and $13,463, respectively)	−203	−164	−111	−103	−112
(Loss) gain on early extinguishment of debt	−449,000	126	—	—	—
Reorganization items, net	−78	0	—	—	—
Loss before income tax expense and equity in net losses of investees	−272	−135	−47	−2	−5
Income tax expense	−116,000	−203,000	−351,000	−270,000	−251,000
Equity in net losses of investees	−405,000	−758,000	−3	−4	−3
Net loss	−272	−136	−69	−6	−8
Weighted average common shares outstanding (basic) (in shares)	72	52	48	48	48
Weighted average common shares outstanding (diluted) (in shares)	72	52	48	48	48
Net loss (basic) (in dollars per share)	−3.79	−2.63	−1.44	−0.14	−0.17
Net loss (diluted) (in dollars per share)	−3.79	−2.63	−1.44	−0.14	−0.17

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Land	707	711	786	821	874
Buildings and improvements	2,970	2,947	3,279	3,115	3,037
Total real estate properties, gross	3,677	3,658	4,066	3,936	3,911
Accumulated depreciation	−730	−619	−650	−561	−496
Total real estate properties, net	2,947	3,039	3,416	3,375	3,415
Assets of properties held for sale	0	32	37	3	27
Investment in unconsolidated joint venture	17	17	18	35	35
Acquired real estate leases, net	150	194	263	369	506
Cash and cash equivalents	29	261	12	12	83
Restricted cash	51	14	14	0	1
Deferred leasing costs, net	98	98	87	73	54
Other assets, net	31	12	8	7	8
Total assets	3,489	3,822	3,990	3,980	4,242
Unsecured debt, net	0	662	2,400	—	—
Secured debt, net	890	1,872	172	50	98
Liabilities of properties held for sale	0	765,000	3	73,000	594,000
Accounts payable and other liabilities	127	119	140	140	143
Due to related persons	5	6	7	6	—
Assumed real estate lease obligations, net	8	10	12	14	17
Total liabilities not subject to compromise	1,029	2,669	—	—	—
Liabilities subject to compromise	1,578	0	—	—	—
Total liabilities	2,608	2,669	2,734	2,594	2,745
Commitments and contingencies	—	—	—	—	—
Common shares of beneficial interest, $.01 par value: 250,000,000 shares authorized, 73,941,128 and 69,824,743 shares issued and outstanding, respectively	739,000	698,000	488,000	486,000	484,000
Additional paid in capital	2,658	2,657	2,621	2,620	2,617
Cumulative net loss	−308	−36	100	170	176
Cumulative common distributions	−1,470	−1,469	−1,466	−1,403	−1,297
Total shareholders equity	881	1,153	1,256	1,386	1,497
Total liabilities and shareholders equity	3,489	3,822	3,990	3,980	4,242

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation	122	119	107	97	92
Amortization of acquired real estate leases and assumed real estate lease obligations, net	41	65	93	120	145
Amortization of deferred leasing costs	14	13	10	8	8
Net gain on early extinguishment of debt	−1	−139	0	—	—
Non-cash reorganization items	26	0	—	—	—
Straight line rental income	−23	−31	−26	−11	−15
Other non-cash expenses, net	237,000	575,000	1	2	2
Rents receivable	2	6	−2	11	3
Due from related persons	−231,000	0	—	—	—
Deferred leasing costs	−19	−23	−24	−32	−20
Other assets	−9	1	−1	484,000	2
Accounts payable and other liabilities	71	−10	14	−19	7
Due to related persons	−1	−1	556,000	−318,000	673,000
Net cash (used in) provided by operating activities	−7	67	142	193	221
Real estate improvements	−38	−123	−229	−204	−100
Proceeds from sale of property, net	40	190	42	203	220
Net cash provided by investing activities	2	67	−195	−5	−443
Repayment of senior unsecured notes	−172	−350	—	—	0
Proceeds from issuance of senior secured notes	0	339	0	0	1,042
Repayment of senior secured notes	−27	0	−50	−48	−73
Borrowings on revolving credit facility	0	452	240	385	755
Repayments on revolving credit facility	0	−332	−230	−190	−755
Borrowings on secured term loan	0	100	0	—	—
Borrowings on debtor-in-possession secured term loan	10	0	—	—	—
Payment of debt issuance costs	−1	−92	−6	−469,000	−3
Proceeds from issuance of common shares, net	1	0	—	—	—
Repurchases of common shares	−32,000	−192,000	−294,000	−540,000	−1
Distributions to common shareholders	−1	−2	−63	−107	−106
Net cash (used in) provided by financing activities	−190	115	68	−260	249
(Decrease) increase in cash, cash equivalents and restricted cash	−195	248	14	−72	28
Interest paid	131	145	108	104	103
Income taxes paid	192,000	361,000	478,000	352,000	299,000
Cash paid for reorganization costs	20	0	—	—	—
Real estate improvements accrued, not paid	18	17	32	43	18
Capitalized interest	0	969,000	8	5	795,000
Extinguishment of unsecured senior notes in exchange for senior priority guaranteed unsecured notes	−7	0	—	—	—
Extinguishment of unsecured senior notes in exchange for senior secured notes and common shares	0	−181	0	—	—

Filings

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Frequently asked questions

What is OFFICE PROPERTIES INCOME TRUST's CIK number?

OFFICE PROPERTIES INCOME TRUST's SEC CIK number is 0001456772 (1456772). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find OFFICE PROPERTIES INCOME TRUST's SEC filings?

All of OFFICE PROPERTIES INCOME TRUST's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did OFFICE PROPERTIES INCOME TRUST last report earnings?

OFFICE PROPERTIES INCOME TRUST (OPI) most recently filed an earnings 8-K with the SEC on Jun 4, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-070541). This is OFFICE PROPERTIES INCOME TRUST's most recent earnings filing of record — not a forecast of its next earnings date.

What is OFFICE PROPERTIES INCOME TRUST's most recent earnings 8-K?

OFFICE PROPERTIES INCOME TRUST's latest earnings 8-K (Item 2.02) was filed Jun 4, 2026 under accession 0001104659-26-070541. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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