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Office Properties Income: Debt Maturity Risk And The 15.2% Yielding Baby Bonds
OPIOffice Properties me Trust(OPI) 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 112millionisdown70112 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 ...