Office Properties Income Trust - Common Shares of Beneficial Interest (OPI)
0.9185
+0.0185 (2.06%)
Office Properties Income Trust is a real estate investment trust that focuses on acquiring and managing office properties across the United States
The company seeks to provide stable income and long-term capital appreciation to its investors by investing in a diverse portfolio of office buildings, primarily leased to government entities and high-quality corporate tenants. Through strategic property management and development, the trust aims to enhance the value and performance of its assets while meeting the needs of its tenants in the evolving office space market.
Office Properties Income Trust (Nasdaq: OPI) (“OPI”) today announced certain amendments to its previously announced private exchange offers (as amended, the “Amended Exchange Offers”) to exchange its outstanding senior unsecured notes due 2026, 2027 and 2031 (collectively, the “Existing Notes”) for new 8.000% Senior Priority Guaranteed Unsecured Notes due 2030 (the “New Notes”) and related guarantees pursuant to the terms and conditions set forth in the Offering Memorandum, dated as of February 7, 2025, as supplemented by the supplement, dated February 13, 2025, and as previously amended by OPI’s February 24, 2025 press release (the “Offering Memorandum”).
Office Properties Income Trust (Nasdaq: OPI) (“OPI”) today announced certain amendments to its previously announced private exchange offers (the “Amended Exchange Offers”) to exchange its outstanding senior unsecured notes due 2026, 2027 and 2031 (collectively, the “Existing Notes”) for new 8.000% Senior Priority Guaranteed Unsecured Notes due 2030 (the “New Notes”) and related guarantees pursuant to the terms and conditions set forth in the Offering Memorandum, dated as of February 7, 2025, and as supplemented by the supplement, dated February 13, 2025 (the “Offering Memorandum”). In connection with the amendments, the Early Delivery Time and Withdrawal Deadline for the Amended Exchange Offers have each been extended until 5:00 p.m., New York City time, on February 28, 2025 (such date and time, as it may be extended, the “Amended Early Delivery Time”, and the “Amended Withdrawal Deadline”, respectively).
Office Properties Income Trust (Nasdaq: OPI) (“OPI”) today announced that it has supplemented the Offering Memorandum dated as of February 7, 2025 (the “Offering Memorandum”) with respect to its previously announced private exchange offers (the “Exchange Offers”) to exchange its outstanding senior unsecured notes due 2026, 2027 and 2031 (collectively, the “Existing Notes”) for new 8.000% Senior Priority Guaranteed Unsecured Notes due 2030 (the “New Notes”) and related guarantees pursuant to the terms and conditions set forth in the Offering Memorandum.
Office Properties Income Trust (Nasdaq: OPI) today announced its financial results for the quarter ended December 31, 2024, which can be found at the Quarterly Results section of OPI’s website at https://www.opireit.com/investors/financial-information/default.aspx.
Despite warming to the idea that office space wasn’t going away altogether, analysts have remained skeptical about how much value they could actually claw back. Even in 2025, most people aren’t rushing to invest in office buildings.
Office Properties Income Trust (Nasdaq: OPI) (“OPI”) today announced that it is offering noteholders the option to exchange their outstanding senior unsecured notes due 2026, 2027 and 2031 for new 8.000% Senior Priority Guaranteed Unsecured Notes due 2030 and related guarantees pursuant to the terms and conditions set forth in an Offering Memorandum dated as of February 7, 2025 (the “Offering Memorandum”).
Office Properties Income Trust (Nasdaq: OPI) today announced that it will issue a press release containing its fourth quarter 2024 financial results after the Nasdaq closes on Thursday, February 13, 2025. On Friday, February 14, 2025 at 10:00 a.m. Eastern Time, President and Chief Operating Officer Yael Duffy and Chief Financial Officer and Treasurer Brian Donley will host a conference call to discuss these results.
Office Properties Income Trust (Nasdaq: OPI) today announced that the characterization of dividends for 2024 income tax reporting purposes is as follows:
Office Properties Income Trust (Nasdaq: OPI) today announced a regular quarterly cash distribution on its common shares of $0.01 per share ($0.04 per share per year). This distribution will be paid to OPI’s common shareholders of record as of the close of business on January 27, 2025 and distributed on or about February 20, 2025.
Office Properties Income Trust (Nasdaq: OPI) today announced that it closed a series of property sales for an aggregate sales price of $114.5 million, excluding closing costs, in the fourth quarter of 2024. The sold properties include 17 unencumbered properties consisting of approximately 1,791,000 square feet and a gross book value of $255.6 million as of September 30, 2024. On a combined basis, these properties were 44% occupied with a weighted average remaining lease term of 2.3 years and generated trailing twelve months net operating income of approximately $17.8 million and cash basis net operating income of approximately $19.4 million. As of December 31, 2024, OPI is under agreement to sell six additional properties consisting of approximately 581,000 square feet for an aggregate sales price of $54.8 million, excluding closing costs.
Office Properties Income Trust (Nasdaq: OPI) (“OPI”) today announced it has consummated the previously announced private exchange of a portion of its 4.50% senior unsecured notes due 2025 (the “2025 Notes”) for: (i) approximately $445 million of new 3.25% senior secured notes due 2027 (the “2027 Notes”), (ii) cash for accrued interest on the exchanged 2025 Notes up to but not including the closing date, (iii) approximately 11.5 million shares of OPI common stock, and (iv) premiums totaling $25.0 million. Following the exchange, which will directly or indirectly account for $340 million of 2025 Notes, OPI intends to repurchase, redeem or repay the remaining $113.1 million of outstanding 2025 Notes prior to the February 1, 2025 maturity date.
Office Properties Income Trust surged 44.74% to close at $1.65 on Monday following its announcement of a private exchange agreement to address its 2025 debt maturities.
Office Properties Income Trust (Nasdaq: OPI) (“OPI”) announced it has entered into an exchange agreement (“Exchange Agreement”) providing for a private exchange (the “Exchange”) with certain members of an ad hoc group of noteholders holding a significant amount of OPI’s $453.6 million outstanding senior unsecured notes due 2025 (the “2025 Notes”) to refinance up to $340 million of the 2025 Notes. OPI intends to repurchase, redeem or repay the remaining $113.6 million of outstanding senior unsecured notes due 2025 with cash in connection with the consummation of the Exchange. The Exchange is expected to close before year end 2024.
Office Properties Income Trust (Nasdaq: OPI) today announced its financial results for the quarter ended September 30, 2024, which can be found at the Quarterly Results section of OPI’s website at https://www.opireit.com/investors/financial-information/default.aspx.
Office Properties Income Trust (Nasdaq: OPI) today announced a regular quarterly cash distribution on its common shares of $0.01 per common share ($0.04 per share per year). This distribution will be paid to OPI’s common shareholders of record as of the close of business on October 28, 2024 and distributed on or about November 14, 2024.
Office Properties Income Trust (Nasdaq: OPI) today announced that it will issue a press release containing its third quarter 2024 financial results after the Nasdaq closes on Wednesday, October 30, 2024. On Thursday, October 31, 2024 at 10:00 a.m. Eastern Time, President and Chief Operating Officer Yael Duffy and Chief Financial Officer and Treasurer Brian Donley will host a conference call to discuss these results.
Office Properties Income Trust (Nasdaq: OPI) today announced its financial results for the quarter ended June 30, 2024, which can be found at the Quarterly Results section of OPI’s website at https://www.opireit.com/investors/financial-information/default.aspx.
Office Properties Income Trust (Nasdaq: OPI) today announced a regular quarterly cash distribution on its common shares to $0.01 per common share ($0.04 per share per year). This distribution will be paid to OPI’s common shareholders of record as of the close of business on July 22, 2024 and distributed on or about August 15, 2024.
