Office Properties Income Trust (OPI) Surpasses Q2 FFO and Revenue Estimates

Group 1 - Office Properties Income Trust (OPI) reported quarterly funds from operations (FFO) of $0.68 per share, exceeding the Zacks Consensus Estimate of $0.64 per share, but down from $1.11 per share a year ago, representing an FFO surprise of 6.25% [1] - The company posted revenues of $123.69 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.20%, but down from $134 million year-over-year [2] - OPI shares have declined approximately 66.1% since the beginning of the year, contrasting with the S&P 500's gain of 14% [3] Group 2 - The current consensus FFO estimate for the upcoming quarter is $0.52 on revenues of $122.25 million, and for the current fiscal year, it is $2.42 on revenues of $505.28 million [7] - The estimate revisions trend for OPI is currently unfavorable, resulting in a Zacks Rank 5 (Strong Sell), indicating expected underperformance in the near future [6] - The REIT and Equity Trust - Residential industry is ranked in the top 24% of over 250 Zacks industries, suggesting that the industry outlook can significantly impact stock performance [8]