Office Properties Income Trust
Owner and lessor of U.S. office and mission-critical properties, externally managed by The RMR Group.
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Profile
Generates rental income by owning and leasing U.S. office, mixed-use and mission-critical properties to government, contractor and corporate tenants. The REIT is externally managed by The RMR Group, which supplies its personnel and runs day-to-day business and property management.
Owns and leases a nationwide portfolio of office, mixed-use and related properties, centered on single- or majority-tenant, specialty-use and mission-critical buildings. The portfolio serves U.S. government agencies, government contractors and corporate tenants across technology, finance, manufacturing and professional services; metropolitan Washington, D.C. is an important market. Rental revenue comes from contractual base rent, lease accounting adjustments and tenant expense reimbursements.
Operates as an externally managed REIT: The RMR Group provides personnel, property management and investment execution while OPI has no employees. Leasing performance depends on office demand, renewals, tenant concentrations and the ability to reposition or sell properties. The reorganized common shares began Nasdaq trading after the emergence from bankruptcy.
Company facts
Categories
Key statistics
Year to date −47.4% · Average volume (30d) 109.4K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Target |
|---|---|---|---|
| Jul 7, 2026 | Odeon Capital Group LLC | Target | $27 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | — | −$0.58 | — | — | $116.8M | — | +2.31% |
| May 22, 2026Q1 FY26 | −$0.63 | −$1.26 | −100.0% | $112.9M | $108.9M | −3.6% | — |
| Mar 13, 2026 | −$0.69 | −$1.65 | −139.1% | $114.6M | $105.3M | −8.1% | — |
| Oct 29, 2025 | −$0.63 | −$0.90 | −42.9% | $112.9M | $109.1M | −3.4% | +0.59% |
Financial highlights
| 2 quarters | — | — | — | — | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | $108.9M | $116.8M | |
| Gross profit | — | — | — | — | −$4.5M | −$30.0M | |
| Operating income | — | — | — | — | $8.0M | $1.5M | |
| Net income | — | — | — | — | −$93.0M | −$41.2M | |
| Diluted EPS | — | — | — | — | −$1.26 | −$0.58 | |
| Gross margin | — | — | — | — | -4.1% | -25.7% | |
| Operating margin | — | — | — | — | 7.4% | 1.3% |
Balance sheet, Jun 30, 2026Cash & short-term investments $50.8M · Total debt $1.72B · Total assets $2.37B · Shareholders' equity $511.5M
Dividends
Last raised to $0.02 from $0.01 in Apr 2025.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Apr 22, 2025 | Apr 22 | May 15 | $0.02 | raised from $0.01 |
| Jan 27, 2025 | Jan 27 | Feb 20 | $0.01 | |
| Oct 28, 2024 | Oct 28 | Nov 14 | $0.01 | |
| Jul 22, 2024 | Jul 22 | Aug 15 | $0.01 | |
| Apr 19, 2024 | Apr 22 | May 16 | $0.01 | |
| Jan 19, 2024 | Jan 22 | Feb 15 | $0.01 | cut from $0.25 |
| Oct 20, 2023 | Oct 23 | Nov 16 | $0.25 | |
| Jul 21, 2023 | Jul 24 | Aug 17 | $0.25 |
Ownership
Shares outstanding 73.90M · Float 72.72M · 98.4% free float
Insiders — no current Form 4 position.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Helix Partners Management LP | 5.57M | 25.30% | 13D | Jun 25, 2026 |
| MSD Partners, L.P. | 5.05M | 7.20% | 13G | Dec 17, 2024 |
| Redwood Capital Management Holdings, LP | 3.96M | 18.00% | 13D | Aug 19, 2026 |
| Vanguard Group Inc | 2.74M | 3.71% | 13F | Nov 7, 2025 |
| Barclays PLC | 1.85M | 8.43% | 13G | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 18, 2026 | Redwood Capital Management, LLC | 10 percent owner | −175,734 | $19.03 |
| Aug 17, 2026 | Redwood Capital Management, LLC | 10 percent owner | −20,686 | $19.03 |
| Aug 13, 2026 | Redwood Capital Management, LLC | 10 percent owner | −1,826 | $19.00 |
| Aug 12, 2026 | Redwood Capital Management, LLC | 10 percent owner | −2,616 | $19.04 |
| Aug 11, 2026 | Redwood Capital Management, LLC | 10 percent owner | −2,413 | $19.00 |
Peers
- BXP
Large gateway-market landlord overlaps in corporate office leasing.
- Easterly Government Properties
Closest listed specialist for U.S. government office leasing.
- COPT Defense Properties
Mission-critical defense facilities target government and contractor demand.
- Piedmont Realty Trust
Sunbelt Class A landlord pursues the same corporate office tenants.
- Highwoods Properties
Sunbelt landlord overlaps in Atlanta and Dallas office leasing.
- Brandywine Realty Trust
Austin office and mixed-use landlord overlaps with Texas leasing.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Office Properties Income Trust | $17.75 | −0.39% | $1.31B | — | — | 3.0 | +2.0% |
| BXP | $68.89 | −0.61% | $11.05B | 37.3 | 33.8 | 3.1 | +3.1% |
| Easterly Government Properties | $24.63 | +0.08% | $1.14B | 118.6 | 84.9 | 3.2 | +6.4% |
| COPT Defense Properties | $36.59 | −0.03% | $4.15B | 25.2 | 51.6 | 5.3 | −0.6% |
| Piedmont Realty Trust | $9.54 | −0.05% | $1.19B | — | — | 2.1 | +2.7% |
| Highwoods Properties | $31.01 | −0.45% | $3.44B | 20.5 | 37.0 | 4.1 | +7.2% |
| Brandywine Realty Trust | $3.06 | −0.16% | $528.6M | — | — | 1.1 | +1.8% |
| Median | 31.3 | 44.3 | 3.2 | +2.9% |