Office Properties Income Trust (OPI)
Office Properties Income Trust reported revenue of $442.6M in fiscal 2025, down 11.8% from a year earlier. It posted a net loss of $272.4M. At September 30, 2026 it held $60.6M in cash against $1.6B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 9, 2026.
Key facts about Office Properties Income Trust
- Net worth
- Office Properties Income Trust has a market value (market cap) of $301.4M at the latest share price, and shareholders' equity of $465.7M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $442.6M (-11.8% year on year), with a net loss of $272.4M.
- Cash flow
- In fiscal 2025 operations used $6.6M of cash.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 9, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Office Properties Income Trust's next report is expected around June 3, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Office Properties Income Trust paid dividends of $0.02 per share in fiscal 2025, a yield of 0.15% at the current price.
What Office Properties Income Trust does
Office Properties Income Trust is registered with the SEC under industry code SIC 6500 (Real Estate). Its shares trade on NASDAQ under the ticker OPI.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $442.6M | -$272.4M | -$3.79 | n/a |
| 2024 | $502M | -$136.1M | -$2.63 | n/a |
| 2023 | n/a | -$69.4M | -$1.44 | n/a |
| 2022 | n/a | -$6.1M | -$0.14 | n/a |
| 2021 | n/a | -$8.2M | -$0.17 | n/a |
| 2020 | n/a | $6.7M | $0.14 | n/a |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where OPI ranks in Finance
Dividends
Office Properties Income Trust paid $0.02 per share in fiscal 2025. At the current price that is a yield of 0.15%. It paid out $1.4M in cash dividends.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $0.02 | $1.4M | n/a |
| 2024 | $0.04 | $2M | n/a |
| 2023 | $1.30 | $63.2M | n/a |
| 2022 | $2.20 | $106.6M | n/a |
| 2021 | $2.20 | $106.4M | n/a |
| 2020 | $2.20 | $106.1M | 1,589% |
Latest SEC filings
What Office Properties Income Trust has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 9, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 4.6% to $114.2M versus the same quarter last year; diluted EPS -$2.09 versus -$0.90.
- November 9, 2026
- November 6, 2026Passive stake changed SCHEDULE 13G/A
- September 24, 2026Material agreement8-KOffice Properties Income Trust issued $425.0 million of 8.75% senior secured notes due 2031 and repaid its existing credit facilities.
- September 10, 2026Other event 8-K
- August 19, 2026Activist stake changed SCHEDULE 13D/A
- August 13, 2026Passive stake (5% or more) SCHEDULE 13G
- August 6, 2026Quarterly report 10-Q · period to June 30, 2026
- August 5, 2026
- July 24, 2026Activist stake changed SCHEDULE 13D/A
Insider trades
What the people running Office Properties Income Trust did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $3.8M worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| August 18, 2026 | Redwood Capital Management, LLC10% owner | Soldindirect | 175,734 | $3.3M |
| August 17, 2026 | Redwood Capital Management, LLC10% owner | Soldindirect | 20,686 | $393.6K |
| August 13, 2026 | Redwood Capital Management, LLC10% owner | Soldindirect | 1,826 | $34.7K |
| August 12, 2026 | Redwood Capital Management, LLC10% owner | Soldindirect | 2,616 | $49.8K |
| August 11, 2026 | Redwood Capital Management, LLC10% owner | Soldindirect | 2,413 | $45.8K |
| August 6, 2026 | Redwood Capital Management, LLC10% owner | Soldindirect | 25,605 | $481.5K |
| August 6, 2026 | Redwood Capital Management, LLC10% owner | Soldindirect | 136,649 | $2.7M |
| August 6, 2026 | Redwood Capital Management, LLC10% owner | Soldindirect | 162,254 | $3.2M |
Who owns OPI
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Helix Partners Management LP13D, may seek influence with 3 related filers | 25.3% | June 25, 2026 |
| Redwood Capital Management, LLC13D, may seek influence with 3 related filers | 18% | August 19, 2026 |
| Whitebox Advisors LLC13G, passive with 1 related filers | 8.2% | July 6, 2026 |
| Barclays PLC13G, passive | 7.16% | November 6, 2026 |
| Liberty Mutual Holding Company Inc.13G, passive with 7 related filers | 6% | July 10, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 35 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Helix Partners Management LP | 5,551,715 | new |
| Redwood Capital Management, LLC | 4,327,521 | new |
| Whitebox Advisors LLC | 1,748,605 | new |
| Liberty Mutual Group Asset Management Inc. | 1,311,341 | new |
| Valueworks LLC | 1,162,310 | new |
| ExodusPoint Capital Management, LP | 1,077,999 | new |
| Apollo Management Holdings, L.P. | 516,804 | new |
| Jane Street Group, LLC | 458,560 | new |
| Barclays PLC | 416,921 | new |
| Littlejohn & Co LLC | 326,981 | new |
| Aviva PLC | 235,269 | new |
| Nuveen, LLC | 210,482 | new |
| Mackenzie Financial Corp | 193,653 | new |
| Brevan Howard Capital Management LP | 124,393 | new |
| Millennium Management LLC | 119,008 | new |
| Invesco Ltd. | 113,454 | new |
| AEGON USA Investment Management, LLC | 57,113 | new |
| Marnell Management LLC | 50,892 | new |
| Infrastructure Capital Advisors, LLC | 45,864 | new |
| LPL Financial LLC | 16,884 | new |
Insiders
1 insiders reported holding 3,961,992 shares in total, about $54.4M at the last price.
| Holder | Shares |
|---|---|
| Redwood Capital Management, LLC10% owner | 3,961,9923,961,992 held indirectly |
Questions about OPI
What does Office Properties Income Trust do?
Office Properties Income Trust is a company in the Finance sector, listed on NASDAQ as OPI. Its shares trade on NASDAQ under the ticker OPI.
What is Office Properties Income Trust's net worth?
Office Properties Income Trust has a market value (market cap) of $301.4M at the latest share price, and shareholders' equity of $465.7M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Office Properties Income Trust profitable?
No. In fiscal 2025 it reported a net loss of $272.4M on revenue of $442.6M.
How much revenue does Office Properties Income Trust make?
In fiscal 2025 Office Properties Income Trust reported revenue of $442.6M. That is 11.8% less than a year earlier.
When did Office Properties Income Trust last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 9, 2026. It covers the period to September 30, 2026.
When is Office Properties Income Trust's next earnings report?
Office Properties Income Trust's next report is expected around June 3, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Office Properties Income Trust pay a dividend?
Yes. Office Properties Income Trust paid dividends of $0.02 per share in fiscal 2025, a yield of 0.15% at the current price.
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Where the numbers come from
Financial figures are the values Office Properties Income Trust tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.