Office Properties Income Trust (OPI)

Name: Office Properties Income Trust Financial Statements
Creator: Quarter Results

Real Estate | REIT Office

Latest reporting period: 2026-03-31

Latest Quarter

2026-03-31

Revenue

$109M

Net Income

-$93.0M

Operating Margin

51.8%

Free Cash Flow

-$6.1M

Debt / Assets

77.6%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for Office Properties Income Trust (OPI).
Income Statement (Quarterly)	2026-03-31	2025-03-31	2024-12-31	2024-09-30
Revenue	108,868,000	113,615,000	118,238,000	120,620,000
Cost of Revenue	13,094,000	13,458,000	15,006,000	16,927,000
Gross Profit	95,774,000	100,157,000	103,232,000	103,693,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	4,299,000	5,058,000	5,267,000	4,927,000
Operating Expenses	39,361,000	87,563,000	85,213,000	103,693,000
Operating Income	56,413,000	12,594,000	18,019,000	18,231,000
Interest Expense	-42,207,000	53,378,000	47,340,000	42,580,000
Income Before Tax	-93,277,000	-45,478,000	-148,474,000	-58,018,000
Income Tax Expense	146,000	137,000	24,000	230,000
Net Income	-93,021,000	-45,867,000	-148,680,000	-58,414,000
Per Share
EPS	-1.26	-0.66	-2.87	-1.14
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Office Properties Income Trust (OPI).
Income Statement (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue	442,556,000	501,979,000	533,553,000	554,275,000	576,482,000
Cost of Revenue	49,010,000	62,369,000	172,714,000	57,844,000	71,970,000
Gross Profit	393,546,000	439,610,000	360,839,000	496,431,000	504,512,000
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	19,429,000	21,128,000	22,731,000	52,139,000	52,109,000
Operating Expenses	19,429,000	350,732,000	26,778,000	385,069,000	399,428,000
Operating Income	374,117,000	88,878,000	334,061,000	111,579,000	105,084,000
Interest Expense	-203,454,000	163,745,000	110,647,000	103,480,000	112,385,000
Income Before Tax	-271,853,000	-135,146,000	-46,867,000	-2,330,000	-5,428,000
Income Tax Expense	-116,000	203,000	351,000	270,000	251,000
Net Income	-272,374,000	-136,107,000	-69,432,000	-2,600,000	-8,180,000
Per Share
EPS	-3.79	-2.63	-1.44	-0.05	-0.17
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for Office Properties Income Trust (OPI).
Balance Sheet (Quarterly)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Assets
Cash and Cash Equivalents	29,481,000	261,318,000	12,315,000	12,249,000
Short Term Investments	0	0	0	35,129,000
Net Receivables	147,120,000	155,668,000	133,264,000	105,639,000
Inventory	0	0	37,310,000	2,516,000
Total Current Assets	176,601,000	463,032,000	197,288,000	120,404,000
Property Plant Equipment	0	0	3,415,500,000	3,374,616,000
Goodwill and Intangibles	0	0	0	0
Total Assets	3,687,935,000	3,822,286,000	3,989,669,000	3,979,977,000
Liabilities
Account Payables	0	118,689,000	140,166,000	140,151,000
Short Term Debt	0	325,000,000	205,000,000	195,000,000
Total Current Liabilities	0	450,323,000	354,716,000	341,693,000
Long Term Debt	0	2,219,159,000	2,379,274,000	2,251,949,000
Total Liabilities	2,862,165,000	2,669,482,000	2,733,990,000	2,593,642,000
Shareholders Equity
Retained Earnings	0	0	-1,366,302,000	-1,233,683,000
Total Shareholders Equity	825,770,000	1,152,804,000	1,255,679,000	1,386,335,000

Balance sheet annual history for Office Properties Income Trust (OPI).
Balance Sheet (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Assets
Cash and Cash Equivalents	29,481,000	261,318,000	12,315,000	12,249,000	83,026,000
Short Term Investments	0	0	0	35,129,000	0
Net Receivables	147,120,000	155,668,000	133,264,000	105,639,000	112,886,000
Inventory	0	0	37,310,000	2,516,000	26,598,000
Total Current Assets	176,601,000	463,032,000	197,288,000	120,404,000	223,999,000
Property Plant Equipment	0	0	3,415,500,000	3,374,616,000	0
Goodwill and Intangibles	0	0	0	0	0
Total Assets	3,687,935,000	3,822,286,000	3,989,669,000	3,979,977,000	4,241,683,000
Liabilities
Account Payables	0	118,689,000	140,166,000	140,151,000	142,609,000
Short Term Debt	0	325,000,000	205,000,000	195,000,000	0
Total Current Liabilities	0	450,323,000	354,716,000	341,693,000	149,990,000
Long Term Debt	0	2,219,159,000	2,379,274,000	2,251,949,000	2,594,984,000
Total Liabilities	2,862,165,000	2,669,482,000	2,733,990,000	2,593,642,000	2,744,974,000
Shareholders Equity
Retained Earnings	0	0	-1,366,302,000	-1,233,683,000	-1,120,944,000
Total Shareholders Equity	825,770,000	1,152,804,000	1,255,679,000	1,386,335,000	1,496,709,000

Cash flow quarterly history for Office Properties Income Trust (OPI).
Cash Flow Statement (Quarterly)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Operating Activities
Net Income	-270,596,000	-136,107,000	-69,432,000	-6,109,000
Depreciation & Amortization	115,034,000	183,346,000	200,265,000	216,669,000
Stock Based Compensation	0	0	2,257,000	2,905,000
Change in Working Capital	0	-27,141,000	-13,086,000	-39,708,000
Operating Cash Flow	-6,148,000	67,167,000	141,726,000	192,614,000
Investing Activities
Capital Expenditure	0	0	-229,004,000	-204,104,000
Investments	0	0	-229,004,000	-204,104,000
Investing Cash Flow	3,378,000	66,610,000	-194,821,000	-4,624,000
Financing Activities
Debt Repayment	0	208,744,000	-137,320,000	-537,617,000
Common Stock Issued/Repurchased	-32,000	-192,000	-294,000	-540,000
Dividends Paid	0	-2,033,000	-63,187,000	-106,630,000
Financing Cash Flow	-190,127,000	114,674,000	67,560,000	-260,256,000
Summary
Free Cash Flow	-6,148,000	67,167,000	-87,278,000	-11,490,000
Net Change in Cash	-192,897,000	248,451,000	14,465,000	-72,266,000

Cash flow annual history for Office Properties Income Trust (OPI).
Cash Flow Statement (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Operating Activities
Net Income	-270,596,000	-136,107,000	-69,432,000	-6,109,000	-8,180,000
Depreciation & Amortization	115,034,000	183,346,000	200,265,000	216,669,000	237,092,000
Stock Based Compensation	0	0	2,257,000	2,905,000	0
Change in Working Capital	0	-27,141,000	-13,086,000	-39,708,000	-7,744,000
Operating Cash Flow	-6,148,000	67,167,000	141,726,000	192,614,000	221,492,000
Investing Activities
Capital Expenditure	0	0	-229,004,000	-204,104,000	0
Investments	0	0	-229,004,000	-204,104,000	0
Investing Cash Flow	3,378,000	66,610,000	-194,821,000	-4,624,000	-442,985,000
Financing Activities
Debt Repayment	0	208,744,000	-137,320,000	-537,617,000	-1,437,541,000
Common Stock Issued/Repurchased	-32,000	-192,000	-294,000	-540,000	-1,003,000
Dividends Paid	0	-2,033,000	-63,187,000	-106,630,000	-106,368,000
Financing Cash Flow	-190,127,000	114,674,000	67,560,000	-260,256,000	249,153,000
Summary
Free Cash Flow	-6,148,000	67,167,000	-87,278,000	-11,490,000	221,492,000
Net Change in Cash	-192,897,000	248,451,000	14,465,000	-72,266,000	27,660,000