Office Properties Income Trust | REIT Profile

Symbol: OPI
Exchange: NASDAQ
Founded: 2019 (3 years)
HQ: Newton, MA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Office
Externally Managed REIT

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See OPI on SEC.gov

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Overall Score: 6.6

See score breakdown | See trend

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day January 18, 2022


Open Price: $27.96
Closing Price: $27.57
Price Change: -0.35 (-1.254%)
Lowest Price: $27.52
Highest Price: $28.19

52-Week Low: $21.64
52-Week High: $30.48
52-Week Change: 16.02%

5 Day Price Change: 0.98%
1 Month Price Change: 15.76%
3 Month Price Change: 1.22%
6 Month Price Change: -0.72%
YTD Price Change: 12.40%
1 Year Price Change: 16.02%
2 Year Price Change: -4.00%
5 Year Price Change: -57.13%

Dividend of Trading Day January 18, 2022


Dividend Yield: 7.98%*
Annualized Dividend: $2.2*
Dividend Yield (TTM): 7.653%
Annualized Dividend (TTM): $2.1368
Ex-Dividend Date: 2021-10-22
Next Ex-Dividend: 2022-01-21
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


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Funds From Operations (FFO)


Funds From Operations (FFO)

Key Stats of Trading Day January 18, 2022


Total Cash: $54,881,000
Current Debt: $138,888,000
Revenue: $575,820,000
Gross Profit: $575,820,000
Total Revenue: $575,820,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $344,190,000
Revenue Per Share: $12
Revenue Per Employee: N/A
Employee: 2,020
Debt to Equity Ratio (D/E): 2.82
Profit Margin: -0.05%
Enterprise Value (EV): $3,855,436,071
Enterprise Value to Revenue (EV/R): 6.70
Price to Sales (P/S): 2.32
Price to Book (P/B): 0.89
Price/Earnings-to-Growth (PEG) Ratio: 0.36
P/E Ratio: -49.37
P/E High: 13.67
P/E Low: 11.48
Forward P/E Ratio: -72.50
Market Capitalization: $1,335,095,584
Beta: 0.90
Latest Volume: 351,372
Avg. Total Volume: 272,253
Avg. 10-Day Volume: 280,341
Avg. 30-Day Volume: 272,253
TTM EPS: -0.56
Shares Outstanding: 48,425,665
Float: N/A
50-Day Moving Avg.: $25.10
200-Day Moving Avg.: $26.13

Latest REIT Community Comments on #OPI


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Occupancy Rate



Different REITs may report Occupancy levels in various forms/calculations. Some of the terms used to describe occupancy are Portfolio Occupancy, Weighted Average Occupancy, Ending Occupancy, Economic Occupancy, Leased Occupancy, Physical Occupancy, Pro Forma Occupancy, Same-Property Occupancy, Stabilized Portfolio Occupancy, Comparable Occupancy, Lease Rate, Percent Leased, among others. Some REITs interchange the words Occupancy and Leased while others use them to distinguish between data points. Some REITs also vary the use of the words over time through their earning reports. Therefore the information provided here is our best attempt at collecting data on occupancy/leased trends. However, it may not be accurate or comparable between different REITs.

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $32.05 per share you would have been able to buy 31 shares of OPI on 2021-01-19 costing $993.55 @ $32.05 per share you would have been able to buy 15 shares of OPI on 2021-01-19 costing $480.75 @ $32.05 per share you would have been able to buy 7 shares of OPI on 2021-01-19 costing $224.35 @ $32.05 per share you would have been able to buy 3 shares of OPI on 2021-01-19 costing $96.15 @ $32.05 per share you would have been able to buy 1 shares of OPI on 2021-01-19 costing $32.05
Current worth On 2022-01-18 these 31 shares would be worth $854.67 @ $27.57 On 2022-01-18 these 15 shares would be worth $413.55 @ $27.57 On 2022-01-18 these 7 shares would be worth $192.99 @ $27.57 On 2022-01-18 these 3 shares would be worth $82.71 @ $27.57 On 2022-01-18 these 1 shares would be worth $27.57 @ $27.57
Dividends earned $68.20 in dividends would have been earned since 2021-01-19 with 31 shares. $33 in dividends would have been earned since 2021-01-19 with 15 shares. $15.40 in dividends would have been earned since 2021-01-19 with 7 shares. $6.60 in dividends would have been earned since 2021-01-19 with 3 shares. $2.20 in dividends would have been earned since 2021-01-19 with 15 shares.
Net (gain / loss)* -70.68 USD -34.20 USD -15.96 USD -6.84 USD -2.28 USD
ROI** -7.11% -7.11% -7.11% -7.11% -7.11%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by OPI. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
OPI 2021-10-22 0.550 --- 2021-10-14 2021-10-25 2021-11-18
OPI 2021-07-23 0.550 --- 2021-07-15 2021-07-26 2021-08-19
OPI 2021-04-23 0.550 --- 2021-04-15 2021-04-26 2021-05-20
OPI 2021-01-22 0.550 --- 2021-01-14 2021-01-25 2021-02-18
OPI 2020-10-23 0.550 --- 2020-10-15 2020-10-26 2020-11-19
OPI 2020-07-24 0.550 --- 2020-07-16 2020-07-27 2020-08-20
OPI 2020-04-09 0.550 --- 2020-04-02 2020-04-13 2020-05-21
OPI 2020-01-24 0.550 --- 2020-01-16 2020-01-27 2020-02-20
OPI 2019-10-25 0.550 --- 2019-10-17 2019-10-28 2019-11-14
OPI 2019-07-26 0.550 --- 2019-07-18 2019-07-29 2019-08-15
OPI 2019-04-26 0.550 --- 2019-04-18 2019-04-29 2019-05-16
OPI 2019-01-25 0.550 -68.02% 2019-01-18 2019-01-28 2019-02-21
OPI 2018-10-26 1.720 --- 0000-00-00 0000-00-00 0000-00-00
OPI 2018-07-27 1.720 --- 0000-00-00 0000-00-00 0000-00-00
OPI 2018-04-27 1.720 --- 0000-00-00 0000-00-00 0000-00-00
OPI 2018-01-26 1.720 --- 0000-00-00 0000-00-00 0000-00-00
OPI 2017-10-20 1.720 --- 0000-00-00 0000-00-00 0000-00-00
OPI 2017-07-20 1.720 --- 0000-00-00 0000-00-00 0000-00-00
OPI 2017-04-19 1.720 --- 0000-00-00 0000-00-00 0000-00-00
OPI 2017-01-19 1.720 --- 0000-00-00 0000-00-00 0000-00-00

Financial Statements Overview


The next Earnings Report for OPI is 2022-02-17

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Current Cash 54,881,000 18,667,000 184,462,000 42,045,000
Receivables 97,507,000 90,985,000 94,879,000 101,766,000
Inventory 0 0 0 0
Current Assets 204,570,000 155,837,000 324,021,000 186,437,000
Current Assets (Other) 52,182,000 46,185,000 44,680,000 42,626,000
Short Term Investments 52,182,000 46,185,000 44,680,000 42,626,000
Long-term Investments 4,035,308,000 4,055,376,000 3,628,558,000 3,759,999,000
Property, Plant & Equipment Net 3,915,129,000 3,963,278,000 3,513,278,000 3,619,172,000
Goodwill 0 0 0 0
Intangible Assets 0 0 0 0
Other Assets 11,339,000 6,317,000 12,947,000 12,889,000
Net Tangible Assets 1,505,980,000 1,528,550,000 1,620,998,000 1,609,392,000
Total Assets 4,239,878,000 4,211,213,000 3,952,579,000 3,946,436,000
Accounts Payable 0 0 0 0
Liabilities (Other) 17,761,000 18,492,000 10,002,000 10,588,000
Current Liabilities (Other) 138,888,000 145,241,000 116,987,000 122,594,000
Total Current Liabilities 138,888,000 145,241,000 116,987,000 122,594,000
Current Long-term Debt 0 0 0 0
Long-term Debt 2,576,190,000 2,516,503,000 2,204,508,000 2,202,971,000
Total Liabilities 2,733,898,000 2,682,663,000 2,331,581,000 2,337,044,000
Minority Interest 0 0 0 0
Common Stock 48,211,000 48,165,000 48,161,000 48,163,000
Retained Earnings -1,111,255,000 -1,088,383,000 -995,111,000 -1,006,396,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 1,505,980,000 1,528,550,000 1,620,998,000 1,609,392,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Total Revenue 147,572,000 137,099,000 144,524,000 146,625,000
Cost of Revenue 0 0 0 0
Gross Profit 147,572,000 137,099,000 144,524,000 146,625,000
Research and Development 0 0 0 0
Selling General and Admin 448,000 12,970,000 11,272,000 14,180,000
Operating Expense 113,974,000 114,461,000 123,384,000 118,986,000
Operating Income 33,598,000 22,638,000 21,140,000 27,639,000
Income Expense Net (Other) 0 0 0 0
EBIT 32,910,000 22,058,000 20,744,000 27,261,000
Interest Income 26,929,000 29,001,000 28,798,000 28,063,000
Pretax Income 3,746,000 -66,818,000 38,295,000 -1,507,000
Income Tax 34,000 -121,000 435,000 157,000
Minority Interest 0 0 123,000 0
Net Income 3,712,000 -66,697,000 37,737,000 -1,664,000
Net Income Basic 3,712,000 -66,697,000 37,737,000 -1,664,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Net Income 3,712,000 -66,697,000 37,737,000 -1,664,000
Depreciation 58,326,000 54,410,000 63,204,000 251,020,000
Changes in Receivables 97,507,000 90,985,000 94,879,000 101,766,000
Changes in Inventories 0 0 0 0
Cash Change 54,881,000 18,667,000 184,462,000 42,045,000
Cash Flow 41,306,000 59,434,000 57,942,000 67,530,000
Capital Expenditures -33,883,000 -15,974,000 -15,329,000 -81,762,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -35,231,000 -514,363,000 113,896,000 4,883,000
Dividends Paid 0 0 0 0
Net Borrowings 2,469,127,000 2,451,651,000 1,975,366,000 2,118,300,000
Cash Flow Financing 29,864,000 273,535,000 -27,218,000 481,741,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

About Office Properties Income Trust


Office Properties Income Trust (Nasdaq: OPI) is a REIT focused on owning, operating and leasing buildings primarily leased to single tenants and those with high credit quality characteristics like government entities. In December 2018, our predecessor company Government Properties Income Trust, or GOV, merged with Select Income REIT, or SIR, and the combined company was renamed Office Properties Income Trust, or OPI. Combining the two companies creates a national office REIT with increased scale, enhanced tenant and geographic diversification, a well-laddered lease expiration schedule, a broader investment strategy, and a company with one of the highest percentages of rent paid by investment grade rated tenants in the office sector.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
0 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.8
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.5
8 Dividend to Normalized FFO Payout Ratio Health: Analysis of the REIT’s Dividend to Normalized FFO Payout Ratios during the last four quarters. 8.8
7 Dividend to Normalized FFO Payout Ratio Trend: Analysis of the REIT’s Dividend to Normalized FFO Payout Ratios trend during the last two years. 7.7
Rating AFFO & Efficiency Section Avg. Rating
7 Normalized FFO Trend: Analysis of the REIT’s Normalized FFO trend during the last two years. 7.7
7 Normalized FFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.8
10 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 8.3
10 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 9.0
Rating Leverage Section Avg. Rating
8 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 7.2
9 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 8.7
6 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
8 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
5 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.1
6 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
5 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.2
6 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.2
Rating Properties Section Avg. Rating
7 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.1
7 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 6.4
9 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
Rating Market Cap Section Avg. Rating
3 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.5
6.6 Overall REITRating™ Score (See trend) 6.1

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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Last updated: 2022-01-19 - v2.9