Security
Office Properties Income Trust 5.875% Senior Notes due 2046 · OPINI
OPININASDAQotherHistorical · closed Jun 11, 2021CIK 1456772Updated Oct 6, 2026
Name history
Government Properties Income Trust · through Jan 2, 2019GOVERNMENT PROPERTIES INCOME TRUST · through Jan 2, 2019
Current security for this SEC filerOPI · NASDAQ
OPINI price & chart
Historical security
This listing closed Jun 11, 2021. Live provider charts are shown only for current listings.
Current security: OPI
About the company
OPI is a national REIT focused on owning and leasing office properties to high credit quality tenants in markets throughout the United States. OPI’s property portfolio consists of 124 wholly owned properties located in 29 states and the District of Columbia, containing approximately 17.2 million rentable square feet. As of June 30, 2025, approximately 59% of OPI's revenues were from investment grade rated tenants. In 2024, OPI was named as an Energy Star® Partner of the Year for the seventh consecutive year. OPI is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with approximately $39 billion in assets under management as of September 30, 2025, and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. OPI is headquartered in Newton, MA.
In the news
No coverage from other publishers is available.
Recent filings
Entry into a Material Definitive Agreement · Termination of a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Items 1.01, 1.02, 2.03, 9.01
Other Events
Items 8.01, 9.01
SCHEDULE 13D/A - filed by REDWOOD CAPITAL MANAGEMENT, LLC regarding OFFICE PROPERTIES INCOME TRUST
144 filing
10-Q filing
Show 5 more recent filings
Results of Operations and Financial Condition
Items 2.02, 9.01
SCHEDULE 13D/A - filed by REDWOOD CAPITAL MANAGEMENT, LLC regarding OFFICE PROPERTIES INCOME TRUST
SCHEDULE 13G - filed by WHITEBOX ADVISORS LLC regarding OFFICE PROPERTIES INCOME TRUST
3 filing
SCHEDULE 13D - filed by Helix Partners Management LP regarding OFFICE PROPERTIES INCOME TRUST
Financials
FY 2025 · USDSource
Source
Source
Source
balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 3,501,385,000Source | 3,725,951,000Source | 2,374,530,000Source | 3,560,949,000Source | 3,799,856,000Source | 3,467,854,000Source | 3,569,759,000Source | 3,957,930,000Source | 3,488,596,000Source | 3,822,286,000Source | 3,989,669,000Source | 3,979,977,000Source |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 44,609,000Source | 22,363,000Source | 50,751,000Source | 78,176,000Source | 13,498,000Source | 26,308,000Source | 63,745,000Source | 23,513,000Source | 29,486,000Source | 261,318,000Source | 12,315,000Source | 12,249,000Source |
| Accounts Receivable | —Source | —Source | — | — | —Source | — | — | —Source | — | —Source | —Source | —Source |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 2,501,585,000Source | 2,447,365,000Source | 1,863,075,000Source | 2,495,021,000Source | 2,470,157,000Source | 2,679,723,000Source | 2,463,096,000Source | 2,707,566,000Source | 2,607,609,000Source | 2,669,482,000Source | 2,733,990,000Source | 2,593,642,000Source |
| Stockholders’ equity: | ||||||||||||
| Common Stock, Value, IssuedUSD | 739,000Source | 539,000Source | 220,000Source | 740,000Source | 503,000Source | 739,000Source | 701,000Source | 488,000Source | 739,000Source | 698,000Source | 488,000Source | 486,000Source |
| Retained Earnings (Accumulated Deficit)USD | -189,325,000Source | 112,747,000Source | -3,087,000Source | -122,986,000Source | 171,161,000Source | -401,328,000Source | -81,800,000Source | 94,990,000Source | -308,307,000Source | -35,933,000Source | 100,174,000Source | 169,606,000Source |
| Stockholders' Equity Attributable to ParentUSD | 999,800,000Source | 1,278,586,000Source | 514,542,000Source | 1,065,928,000Source | 1,329,699,000Source | 788,131,000Source | 1,106,663,000Source | 1,250,364,000Source | 880,987,000Source | 1,152,804,000Source | 1,255,679,000Source | 1,386,335,000Source |
| Additional Paid in Capital, Common StockUSD | 2,658,302,000Source | 2,633,253,000Source | 514,322,000Source | 2,658,090,000Source | 2,625,486,000Source | 2,658,636,000Source | 2,656,969,000Source | 2,621,849,000Source | 2,658,471,000Source | 2,656,548,000Source | 2,621,493,000Source | 2,619,532,000Source |
| Liabilities and EquityUSD | 3,501,385,000Source | 3,725,951,000Source | 2,374,530,000Source | 3,560,949,000Source | 3,799,856,000Source | 3,467,854,000Source | 3,569,759,000Source | 3,957,930,000Source | 3,488,596,000Source | 3,822,286,000Source | 3,989,669,000Source | 3,979,977,000Source |
| Additional Financial Items | ||||||||||||
| Long-term DebtUSD | — | — | 1,683,556,000Source | — | — | — | — | — | 2,408,626,000Source | 2,534,634,000Source | 2,572,609,000Source | 2,432,792,000Source |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Depreciation and amortization | — | — | —Source | —Source | — | —Source | —Source | —Source | —Source | —Source | —Source | —Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | -52,942,000Source | -28,588,000Source | -6,569,000Source | 67,167,000Source | 141,726,000Source | 192,614,000Source |
| Cash flows from investing activities: | ||||||||||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -15,029,000Source | 15,034,000Source | 2,192,000Source | 66,610,000Source | -194,821,000Source | -4,624,000Source |
| Cash flows from financing activities: | ||||||||||||
| Payments for Repurchase of Common StockUSD | — | — | — | — | — | — | — | 0Source | 32,000Source | 192,000Source | 294,000Source | 540,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | 75,000,000Source | -184,957,000Source | -190,127,000Source | 114,674,000Source | 67,560,000Source | -260,256,000Source |
| Payments of Ordinary Dividends, Common StockUSD | — | — | — | — | — | — | 0Source | 698,000Source | 1,407,000Source | 2,033,000Source | 63,187,000Source | 106,630,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | 7,029,000Source | -198,511,000Source | -194,504,000Source | 248,451,000Source | 14,465,000Source | -72,266,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 59,159,000Source | 36,269,000Source | 95,225,000Source | 91,954,000Source | 87,690,000Source | 76,654,000Source | 80,661,000Source | 275,165,000Source | 26,714,000Source | 12,249,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | 52,900,000Source | 64,008,000Source | 130,554,000Source | 145,326,000Source | 107,645,000Source | 104,174,000Source |
| Additional Financial Items | ||||||||||||
| Amortization of Debt Issuance Costs and DiscountsUSD | — | — | 11,986,000Source | 2,183,000Source | — | 11,364,000Source | 2,523,000Source | 11,919,000Source | 40,825,000Source | 13,463,000Source | 9,209,000Source | 9,134,000Source |
| Amortization of Intangible AssetsUSD | — | — | — | — | — | — | 8,564,000Source | 11,449,000Source | 41,153,000Source | 64,636,000Source | 92,805,000Source | 119,703,000Source |
| DepreciationUSD | — | — | — | — | — | — | 32,500,000Source | 29,461,000Source | 121,856,000Source | 118,710,000Source | 107,460,000Source | 96,966,000Source |
| Equity Method Investment, Other than Temporary ImpairmentUSD | — | — | — | — | — | — | — | — | — | 0Source | 19,183,000Source | — |
| Gain (Loss) on Sale of PropertiesUSD | — | — | 6,000Source | 8,456,000Source | — | 159,000Source | 0Source | -4,737,000Source | 916,000Source | -7,410,000Source | 3,780,000Source | 11,001,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | — | — | — | — | 0Source | 1,430,000Source | 1,146,000Source | 138,603,000Source | 0Source | 682,000Source |
| General and Administrative ExpenseUSD | — | — | 4,964,000Source | 4,927,000Source | — | 4,816,000Source | 4,299,000Source | 5,058,000Source | 19,429,000Source | 21,128,000Source | 22,731,000Source | 25,134,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | -115,000Source | -166,000Source | — | -128,000Source | 110,000Source | -252,000Source | -405,000Source | -758,000Source | -3,031,000Source | -3,509,000Source |
| Income Tax Expense (Benefit)USD | — | — | -261,000Source | 230,000Source | — | 94,000Source | -146,000Source | 137,000Source | 116,000Source | 203,000Source | 351,000Source | 270,000Source |
| Investment Income, InterestUSD | — | — | — | — | — | — | — | — | — | — | — | 217,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | -66,339,000Source | -58,414,000Source | — | -41,186,000Source | -93,021,000Source | -45,867,000Source | -272,374,000Source | -136,107,000Source | -69,432,000Source | -6,109,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | -66,339,000Source | -58,416,000Source | — | -41,192,000Source | -93,021,000Source | -45,873,000Source | -272,386,000Source | -136,121,000Source | -69,737,000Source | -6,536,000Source |
| Proceeds from Issuance of Common StockUSD | — | — | — | — | — | — | 0Source | 145,000Source | 1,106,000Source | — | — | — |
| Real Estate Tax ExpenseUSD | — | — | 13,648,000Source | 16,927,000Source | — | 12,111,000Source | 13,094,000Source | 13,458,000Source | 49,010,000Source | 62,369,000Source | 62,831,000Source | 57,844,000Source |
| Amortization of Debt Issuance Costs | — | — | — | —Source | — | — | — | — | — | — | — | — |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 109,127,000Source | 120,620,000Source | 114,499,000Source | 108,868,000Source | 113,615,000Source | 442,556,000Source | — | — | — |
| Income Tax Expense (Benefit)USD | — | — | -261,000Source | 230,000Source | 94,000Source | -146,000Source | 137,000Source | 116,000Source | 203,000Source | 351,000Source | 270,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | -66,339,000Source | -58,414,000Source | -41,186,000Source | -93,021,000Source | -45,867,000Source | -272,374,000Source | -136,107,000Source | -69,432,000Source | -6,109,000Source |
| Earnings Per Share, BasicUSD per share | — | — | -0.9Source | -1.14Source | -0.58Source | -1.26Source | -0.66Source | -3.79Source | -2.63Source | -1.44Source | -0.14Source |
| Earnings Per Share, DilutedUSD per share | — | — | -0.9Source | -1.14Source | -0.58Source | -1.26Source | -0.66Source | -3.79Source | -2.63Source | -1.44Source | -0.14Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 73,480,000Source | 51,197,000Source | 71,282,000Source | 73,577,000Source | 69,257,000Source | 71,915,000Source | 51,806,000Source | 48,389,000Source | 48,278,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 73,480,000Source | 51,197,000Source | 71,282,000Source | 73,577,000Source | 69,257,000Source | 71,915,000Source | 51,806,000Source | 48,389,000Source | 48,278,000Source |
| Additional Financial Items | |||||||||||
| Amortization of Intangible AssetsUSD | — | — | — | — | — | 8,564,000Source | 11,449,000Source | 41,153,000Source | 64,636,000Source | 92,805,000Source | 119,703,000Source |
| Business Combination, Acquisition Related CostsUSD | — | — | 22,904,000Source | 738,000Source | 3,940,000Source | 0Source | 876,000Source | 42,455,000Source | 1,144,000Source | 31,816,000Source | 292,000Source |
| Costs and ExpensesUSD | — | — | 122,807,000Source | 144,974,000Source | 104,051,000Source | 100,837,000Source | 101,897,000Source | 436,235,000Source | 595,823,000Source | 474,592,000Source | 465,025,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | — | — | 42,834,000Source | 46,047,000Source | 43,838,000Source | 44,083,000Source | 43,733,000Source | 174,957,000Source | 194,737,000Source | 209,254,000Source | 222,564,000Source |
| General and Administrative ExpenseUSD | — | — | 4,964,000Source | 4,927,000Source | 4,816,000Source | 4,299,000Source | 5,058,000Source | 19,429,000Source | 21,128,000Source | 22,731,000Source | 25,134,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | -115,000Source | -166,000Source | -128,000Source | 110,000Source | -252,000Source | -405,000Source | -758,000Source | -3,031,000Source | -3,509,000Source |
| Interest and Other IncomeUSD | — | — | 802,000Source | 196,000Source | 788,000Source | 431,000Source | 1,162,000Source | 3,146,000Source | 3,668,000Source | 1,039,000Source | — |
| Interest ExpenseUSD | — | — | 53,259,000Source | 42,580,000Source | 52,507,000Source | 42,207,000Source | 53,378,000Source | 203,454,000Source | 163,745,000Source | 110,647,000Source | 103,480,000Source |
| Investment Income, InterestUSD | — | — | — | — | — | — | — | — | — | — | 217,000Source |
| Lease IncomeUSD | — | — | 103,049,000Source | 120,620,000Source | 105,082,000Source | 101,766,000Source | 106,462,000Source | — | 501,979,000Source | 533,553,000Source | 554,275,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | -66,339,000Source | -58,416,000Source | -41,192,000Source | -93,021,000Source | -45,873,000Source | -272,386,000Source | -136,121,000Source | -69,737,000Source | -6,536,000Source |
| Other Cost and Expense, OperatingUSD | — | — | 30,739,000Source | 26,619,000Source | 31,237,000Source | 30,282,000Source | 31,205,000Source | 121,456,000Source | 107,400,000Source | 109,883,000Source | 110,366,000Source |
| Real Estate Tax ExpenseUSD | — | — | 13,648,000Source | 16,927,000Source | 12,111,000Source | 13,094,000Source | 13,458,000Source | 49,010,000Source | 62,369,000Source | 62,831,000Source | 57,844,000Source |
| Common Stock, Dividends, Per Share, Declared | — | — | — | —Source | —Source | — | —Source | — | — | — | — |
Offerings
Registration 333-284926
Registration 333-285051
Filing attachments
tm2626041d1_ex4-1.htm · 8-K · 2026-09-24
Exhibit 4.1 OFFICE PROPERTIES INCOME TRUST THE SUBSIDIARY GUARANTORS NAMED HEREIN and U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee and Collateral Agent Dated as of September 24, 2026 $425,000,000 8.75% Senior Secured Notes due 2031 TABLE OF CONTENTS Page ARTICLE One DEFINITIONS …
Read attachment ↗tm2625217d1_ex99-1.htm · 8-K · 2026-09-10
EX-99.1 2 tm2625217d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 FOR IMMEDIATE RELEASE Office Properties Income Trust Prices $425 Million of 8.75% Senior Secured Notes due 2031 Newton, MA (September 10, 2026): Office Properties Income Trust (Nasdaq: OPI) (“OPI”) today announced that it has priced an offering of $425 million aggregate principal amount of 8.75% senior secured notes due 2031 (the “notes”). The notes will be guaranteed by certain of OPI’s subsidiaries and secured by first-priority…
Read attachment ↗p15046623ex-99_1.htm · SCHEDULE 13D/A · 2026-08-19
Exhibit 99.1 JOINT FILING AGREEMENT In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, each of the undersigned hereby agrees to the joint filing, along with all other such undersigned, on behalf of the Reporting Persons (as defined in the joint filing), of a statement on Schedule 13D (including amendments thereto) with respect to the Common Shares of Beneficial Interest of Office Properties Income Trust, and that this agreement be included as an exhibit …
Read attachment ↗p15046623ex-99_2.htm · SCHEDULE 13D/A · 2026-08-19
OFFICE PROPERTIES INCOME TRUST TWO NEWTON PLACE 255 WASHINGTON STREET, SUITE 300 NEWTON, MASSACHUSETTS 02458-1634 CONFIDENTIAL BOARD OBSERVATION RIGHTS AGREEMENT June 17, 2026 Redwood Capital Management, LLC 250 West 55th Street, 26th Floor New York, NY 10019 Attn: Adam Bensley, abensley@redwoodcap.com This Board Observation Rights Agreement (this “Agreement”) is made and entered into as of the date first written above by and between Office Properties Income Trust, a Maryland real estate in…
Read attachment ↗tm2618043d2_ex4-1.htm · 8-K · 2026-06-23
EX-4.1 2 tm2618043d2_ex4-1.htm EXHIBIT 4.1 Exhibit 4.1 Execution Version OFFICE PROPERTIES INCOME TRUST THE SUBSIDIARY GUARANTORS NAMED HEREIN and U.S. Bank Trust Company, National Association, as Trustee and Collateral Agent Dated as of June 17, 2026 $420,000,000 10.000% Senior Secured Notes due 2031 TABLE OF CONTENTS Page ARTICLE One Definitions and Other Provisions of General Application 1 Section 1.01. …
Read attachment ↗tm2618043d2_ex4-2.htm · 8-K · 2026-06-23
EX-4.2 3 tm2618043d2_ex4-2.htm EXHIBIT 4.2 Exhibit 4.2 Execution Version OFFICE PROPERTIES INCOME INTERMEDIATE HOLDCO II TRUST LLC, as Issuer, OFFICE PROPERTIES INCOME TRUST, as Limited Parent Guarantor, OFFICE PROPERTIES INCOME INTERMEDIATE HOLDCO I TRUST LLC, as HoldCo and a Guarantor, THE OTHER GUARANTORS NAMED HEREIN and UMB Bank, National Association, as Trustee and Collateral Agent Dated as of June 17, 2026 $385,000,000 8.375% Senior Secured Limited OPI Guaranteed Notes due 20…
Read attachment ↗