Profile
Sector:
Real EstateIndustry:
OfficeCountry:
United StatesIPO:
04 June 2009Website:
http://www.opireit.comNext earnings report:
N/ALast dividends:
28 October 2024Next dividends:
N/APrice
after hours | Fri, 01 Nov 2024 23:09:07 GMTAnalysts recommendations
Institutional Ownership
OPI Latest News
Office Properties Income Trust (NASDAQ:OPI ) Q3 2024 Earnings Conference Call October 31, 2024 10:00 AM ET Company Participants Kevin Barry - Senior Director, Investor Relations Yael Duffy - President and Chief Operating Officer Brian Donley - Chief Financial Officer and Treasurer Conference Call Participants Bryan Maher - B. Riley Securities Ronald Kamdem - Morgan Stanley Operator Good morning and welcome to the Office Properties Income Trust Third Quarter 2024 Earnings Conference Call.
Office Properties Income Trust (OPI) came out with quarterly funds from operations (FFO) of $0.43 per share, missing the Zacks Consensus Estimate of $0.47 per share. This compares to FFO of $1.02 per share a year ago.
NEWTON, Mass.--(BUSINESS WIRE)--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. A conference call discussing OPI's third quarter results will be held on Thursday, October 31, 2024 at 10:00 a.m. Eastern Time. The conference call may be accessed by dialing (877) 328-1172 or (412) 3.
Office Properties Income Trust is facing a $500 million bond maturity in February. Second quarter results show revenue down 7%, net income impacted by gains on debt extinguishment and losses on real estate. Concerns about cash flow generation, leasing outlook, upcoming lease expirations, and debt repayment challenges raise doubts about the company's future.
Office Properties Income Trust (NASDAQ:OPI ) Q2 2024 Results Conference Call August 1, 2024 10:00 AM ET Company Participants Kevin Barry - Senior Director, Investor Relations Yael Duffy - President and Chief Operating Officer Brian Donley - Chief Financial Officer and Treasurer Conference Call Participants Bryan Maher - B. Riley Securities Tamim Sarwary - Morgan Stanley Operator Good morning, and welcome to the Office Properties Income Trust Second Quarter 2024 Earnings Conference Call.
Office Properties Income Trust stock has dropped substantially since our last update. Q2-2024 results drove a rally in the stock this morning. We look at the numbers and tell you why bulls should use this to head for the exits.
Office Properties Income Trust (OPI) came out with quarterly funds from operations (FFO) of $0.68 per share, beating the Zacks Consensus Estimate of $0.64 per share. This compares to FFO of $1.11 per share a year ago.
NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) (“OPI”) today announced certain amendments to its previously announced private exchange offers (as amended, the “Second Amended Exchange Offers”) to exchange its outstanding senior unsecured notes due 2025 (the “Existing 2025 Notes”), 2026 (the “Existing 2026 Notes”), 2027 (the “Existing 2027 Notes”) and 2031 (the “Existing 2031 Notes”, and together with the Existing 2025 Notes, Existing 2026 Notes and the Existing 202.
Office Properties Income has experienced a 70% decrease in value so far this year, with growing worries about its financial stability. The REIT currently has a total debt of $2.6 billion, with $650 million due in February 2025. To address this debt, OPI plans to issue around $610 million in new 9% senior secured notes, primarily in exchange for the maturing debt in February 2025.
The performance of Office Properties Income Trust (OPI) in the quarter ended March 2024 can be understood by looking at the headline numbers, but it could be beneficial to also compare certain key metrics with Wall Street estimates and the results from the same period last year.
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What type of business is Office Properties Income Trust?
OPI is a national REIT focused on owning and leasing high quality office and mixed-use properties in select growth-oriented U.S. markets. As of December 31, 2023, approximately 64% of OPI's revenues were from investment grade rated tenants. OPI owned 152 properties as of December 31, 2023, with approximately 20.5 million square feet located in 30 states and Washington, D.C. In 2023, OPI was named as an Energy Star® Partner of the Year for the sixth consecutive year. OPI is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with over $41 billion in assets under management as of December 31, 2023, and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. OPI is headquartered in Newton, MA.
What sector is Office Properties Income Trust in?
Office Properties Income Trust is in the Real Estate sector
What industry is Office Properties Income Trust in?
Office Properties Income Trust is in the Office industry
What country is Office Properties Income Trust from?
Office Properties Income Trust is headquartered in United States
When did Office Properties Income Trust go public?
Office Properties Income Trust initial public offering (IPO) was on 04 June 2009
What is Office Properties Income Trust website?
https://www.opireit.com
Is Office Properties Income Trust in the S&P 500?
No, Office Properties Income Trust is not included in the S&P 500 index
Is Office Properties Income Trust in the NASDAQ 100?
No, Office Properties Income Trust is not included in the NASDAQ 100 index
Is Office Properties Income Trust in the Dow Jones?
No, Office Properties Income Trust is not included in the Dow Jones index
When was Office Properties Income Trust the previous earnings report?
No data
When does Office Properties Income Trust earnings report?
Next earnings report date is not announced yet