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Office Properties Income Trust: Debt Exchange Won't Help The Common
Seeking Alpha· 2024-08-01 21:40
imaginima We have written about Office Properties Income Trust (NASDAQ:OPI) multiple times over the last few years. The general writing tone here has been the same. The stock is risky, and you were not getting paid nearly enough for the risks. Over time, the stock has dropped substantially. In our last article, we looked at the immediate risks from upcoming debt maturities and gave our two cents on the outlook. The stock is down since then, but in all honesty, we expected it to be near 50 cents (price, not ...
Office Properties Income Trust (OPI) Surpasses Q2 FFO and Revenue Estimates
ZACKS· 2024-08-01 00:20
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. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 6.25%. A quarter ago, it was expected that this company would post FFO of $0.81 per share when it actually produced FFO of $0.79, delivering a surprise of -2.47%. Over the last four quarters ...
Office Properties Income: Debt Maturity Risk And The 15.2% Yielding Baby Bonds
seekingalpha.com· 2024-05-19 10:17
YCharts This is an extremely high-risk security, and I'd recommend most investors stay away. I'm chasing possible upside from a reset of solvency expectations and Fed rate cuts, but OPI faces a Sisyphean challenge ahead in managing declining occupancy, upcoming lease expiration, and its entirely front-loaded debt maturity schedule. The office REIT's market cap at $112 million is down 70% year-to-date, with the common shares trading hands for $2.20 per share. OPI had a total outstanding debt balance of $2.6 ...
Office Properties Income Trust: Earnings And Proposed Debt Exchange Are Not Assuring
Seeking Alpha· 2024-05-08 04:31
FangXiaNuo Last week, Office Properties Income Trust (NASDAQ:OPI) reported first quarter earnings. The commercial office REIT surprised analysts to the positive on the revenue side, but disappointed on FFO. Along with the earnings announcement, Office Properties announced a proposed debt exchange. Due to the debt exchange proposal, shares rallied, and short-term bonds tanked. The latest earnings report, combined with the need for a debt exchange is keeping me out of investing in Office Properties’ stock ...
Office Properties Income Trust (OPI) Reports Q1 Earnings: What Key Metrics Have to Say
Zacks Investment Research· 2024-05-06 14:36
Office Properties Income Trust (OPI) reported $139.44 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 5.3%. EPS of $0.79 for the same period compares to -$0.01 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $128.28 million, representing a surprise of +8.70%. The company delivered an EPS surprise of -2.47%, with the consensus EPS estimate being $0.81.While investors closely watch year-over-year changes in headline numbers -- revenue ...
Office Properties me Trust(OPI) - 2024 Q1 - Earnings Call Presentation
2024-05-02 17:00
| --- | --- | |-----------------------------------------------------------------------------------------------------|-------| | | | | "Despite significant operational headwinds that | | | continue to impact the office sector, during the first | | | quarter OPI completed 488,000 square feet of new | | | and renewal leasing at a 10.2% roll-up in rent and a | | | weighted average lease term of 9.3 years. | | | | | | Additionally, OPI continued to advance its objectives by refinancing its revolving credit facil ...
Office Properties Income Trust (OPI) Q1 FFO Lag Estimates
Zacks Investment Research· 2024-05-01 23:55
Office Properties Income Trust (OPI) came out with quarterly funds from operations (FFO) of $0.79 per share, missing the Zacks Consensus Estimate of $0.81 per share. This compares to FFO of $1.09 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -2.47%. A quarter ago, it was expected that this company would post FFO of $0.98 per share when it actually produced FFO of $0.95, delivering a surprise of -3.06%.Over the last four quarters, ...
Office Properties me Trust(OPI) - 2024 Q1 - Quarterly Report
2024-05-01 20:19
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-34364 OFFICE PROPERTIES INCOME TRUST (Exact Name of Registrant as Specified in Its Charter) Maryland 26-4273474 (State or Other Jurisdiction of Incorporation ...
Office Properties me Trust(OPI) - 2024 Q1 - Quarterly Results
2024-05-01 20:18
OFFICE PROPERTIES INCOME TRUST Office Properties Income Trust First Quarter 2024 Financial Results and Supplemental Information May 1, 2024 Provo, UT Table of Contents | QUARTERLY RESULTS | | | | --- | --- | --- | | Office Properties Income Trust Announces First Quarter 2024 Financial Results | | | | First Quarter 2024 Highlights | 5 | | | FINANCIALS | | | | Key Financial Data ... | 7 | Trading ! | | Condensed Consolidated Statements of Income (Loss) | 8 | Common | | Condensed Consolidated Balance Sheets | ...
Office Properties me Trust(OPI) - 2023 Q4 - Annual Report
2024-02-15 22:04
Table of Contents FORM 10-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 1-34364 OFFICE PROPERTIES INCOME TRUST (Exact Name of Registrant as Specified in Its Charter) Maryland 26-4273474 (State of Organization) (I.R.S. Employer Identific ...