opi is a reit focused on owning, operating and leasing properties primarily leased to single tenants and those with high credit quality characteristics such as government entities. opi is managed by the operating subsidiary of the rmr group inc. (nasdaq: rmr), an alternative asset management company that is headquartered in newton, massachusetts.
![Office Properties Income Trust logo](https://files.capedge.com/424B5/0001047469-20-002836/g39549.jpg)
Company profile
Ticker
OPI, OPINL
Exchange
Website
CEO
David M. Blackman
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
Government Properties Income Trust, GOVERNMENT PROPERTIES INCOME TRUST
SEC CIK
Corporate docs
Subsidiaries
First Potomac DC Holdings, LLC • GOV NEW OPPTY LP • Government Properties Income Trust LLC • SC Merger Sub LLC • SIR Chicago LLC • SIR Holdings Corporation • SIR Operating Partnership LP ...
IRS number
264273474
OPI stock data
Latest filings (excl ownership)
8-K
Other Events
9 Jul 24
424B7
Prospectus with selling stockholder info
9 Jul 24
8-K
1 OFFICE PROPERTIES INCOME TRUST INVESTOR PRESENTATION June 2024 Provo, UT
21 Jun 24
8-K
Amendments to Articles of Incorporation or Bylaws
13 Jun 24
8-K
Entry into a Material Definitive Agreement
10 Jun 24
8-K
Office Properties Income Trust Announces Additional Amendments to Private Exchange Offers Relating to Existing Unsecured Senior Notes
23 May 24
8-K
Office Properties Income Trust Announces Amendments to Private Exchange Offers Relating to Existing Unsecured Senior Notes
20 May 24
8-K
Office Properties Income Trust Announces Private Exchange Offers Relating to Existing Unsecured Senior Notes
1 May 24
10-Q
2024 Q1
Quarterly report
1 May 24
8-K
Office Properties Income Trust Announces First Quarter 2024 Results
1 May 24
Transcripts
OPI
Earnings call transcript
2024 Q1
2 May 24
OPI
Earnings call transcript
2023 Q4
16 Feb 24
OPI
Earnings call transcript
2023 Q3
31 Oct 23
OPI
Earnings call transcript
2023 Q2
27 Jul 23
OPI
Earnings call transcript
2023 Q1
27 Apr 23
OPI
Earnings call transcript
2022 Q4
16 Feb 23
OPI
Earnings call transcript
2022 Q3
28 Oct 22
OPI
Earnings call transcript
2022 Q2
29 Jul 22
OPI
Earnings call transcript
2022 Q1
29 Apr 22
OPI
Earnings call transcript
2021 Q4
17 Feb 22
Latest ownership filings
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 44.11 mm | 44.11 mm | 44.11 mm | 44.11 mm | 44.11 mm | 44.11 mm |
Cash burn (monthly) | (no burn) | (no burn) | 1.71 mm | 4.55 mm | (no burn) | (no burn) |
Cash used (since last report) | n/a | n/a | 6.61 mm | 17.60 mm | n/a | n/a |
Cash remaining | n/a | n/a | 37.50 mm | 26.51 mm | n/a | n/a |
Runway (months of cash) | n/a | n/a | 21.9 | 5.8 | n/a | n/a |
Institutional ownership, Q1 2024
59.9% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 133 |
Opened positions | 112 |
Closed positions | 6 |
Increased positions | 3 |
Reduced positions | 6 |
13F shares | Current |
---|---|
Total value | 69.43 bn |
Total shares | 30.13 mm |
Total puts | 125.90 k |
Total calls | 699.40 k |
Total put/call ratio | 0.2 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 4.92 mm | $10.04 bn |
BLK Blackrock | 4.86 mm | $9.92 bn |
LSV Asset Management | 1.69 mm | $3.45 mm |
Aqr Capital Management | 1.68 mm | $3.43 bn |
Mirae Asset Global Investments | 1.33 mm | $15.07 bn |
Geode Capital Management | 1.30 mm | $2.65 bn |
STT State Street | 1.26 mm | $2.57 bn |
IVZ Invesco | 1.26 mm | $2.56 bn |
PRU Prudential Financial | 1.07 mm | $2.18 bn |
Pacific Ridge Capital Partners | 938.72 k | $1.91 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
13 Jun 24 | Clark Jennifer B | Common Shares of Beneficial Interest | Grant | Acquire A | No | No | 0 | 11,627 | 0.00 | 96,743 |
13 Jun 24 | Fraiche Donna D. | Common Shares of Beneficial Interest | Grant | Acquire A | No | No | 0 | 11,627 | 0.00 | 36,177 |
13 Jun 24 | Gilmore Barbara D. | Common Shares of Beneficial Interest | Grant | Acquire A | No | No | 0 | 11,627 | 0.00 | 34,189 |
13 Jun 24 | Harrington John L. | Common Shares of Beneficial Interest | Gift | Acquire G | Yes | No | 0 | 11,627 | 0.00 | 34,189 |
13 Jun 24 | Harrington John L. | Common Shares of Beneficial Interest | Gift | Dispose G | No | No | 0 | 11,627 | 0.00 | 0 |
13 Jun 24 | Harrington John L. | Common Shares of Beneficial Interest | Grant | Acquire A | No | No | 0 | 11,627 | 0.00 | 11,627 |
13 Jun 24 | Poptodorova Elena | Common Shares of Beneficial Interest | Payment of exercise | Dispose F | No | No | 2.15 | 1,745 | 3.75 k | 25,607 |
13 Jun 24 | Poptodorova Elena | Common Shares of Beneficial Interest | Grant | Acquire A | No | No | 0 | 11,627 | 0.00 | 27,352 |
News
Mortgage Rates Hit Lowest Point Since February As Investors Anticipate Fed Rate Cuts
24 Jul 24
US Home Sales See Sharpest Monthly Decline In 1.5 Years As Record High Prices Keep Buyers On The Sideline
23 Jul 24
B. Riley Securities Maintains Buy on Office Props IT, Lowers Price Target to $7
6 May 24
Office Props IT Q1 2024 FFO $0.79 Misses $0.81 Estimate, Sales $139.435M Beat $129.768M Estimate
1 May 24
Press releases
Office Properties Income Trust Announces Quarterly Dividend on Common Shares
11 Jul 24
Office Properties Income Trust Second Quarter 2024 Conference Call Scheduled for Thursday, August 1st
3 Jul 24
Office Properties Income Trust Announces Final Results of Private Exchange Offers Relating to Existing Unsecured Senior Notes
18 Jun 24
Office Properties Income Trust Announces Entry into Support Agreement with Certain Noteholders and Extension of Private Exchange Offers Relating to Existing Unsecured Senior Notes
10 Jun 24
Office Properties Income Trust Announces Additional Amendments to Private Exchange Offers Relating to Existing Unsecured Senior Notes
23 May 24