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Office Properties Income Trust

Real Estate US OPI

2.17USD
-0.025(1.14%)

Last update at 2024-09-13T20:00:00Z

Day Range

2.142.21
LowHigh

52 Week Range

1.808.00
LowHigh

Fundamentals

  • Previous Close 2.19
  • Market Cap106.27M
  • Volume439476
  • P/E Ratio-
  • Dividend Yield1.79%
  • EBITDA306.26M
  • Revenue TTM540.57M
  • Revenue Per Share TTM11.16
  • Gross Profit TTM 469.43M
  • Diluted EPS TTM-1.12

Analyst Recommendations

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax -2.33000M -5.42800M 8.25M 32.37M -25.22000M
Minority interest - - - - -
Net income -2.60000M -5.67900M 6.68M 30.34M -21.88400M
Selling general administrative 52.14M 52.11M 53.83M 67.03M 51.35M
Selling and marketing expenses - - - - -
Gross profit 496.43M 504.51M 522.80M 604.69M 376.85M
Reconciled depreciation 216.67M 237.09M 251.02M 287.38M 161.06M
Ebit 111.58M 105.09M 112.72M 127.87M 74.05M
Ebitda 334.14M 346.58M 364.29M 417.76M 236.53M
Depreciation and amortization 222.56M 241.49M 251.57M 289.88M 162.49M
Non operating income net other 8.39M 61.79M 6.60M 60.14M 10.77M
Operating income 111.58M 105.09M 112.72M 127.87M 73.41M
Other operating expenses 442.91M 471.40M 475.98M 551.58M 353.15M
Interest expense 103.48M 112.39M 108.30M 134.88M 89.86M
Tax provision 0.27M 0.25M 0.38M 0.78M 0.12M
Interest income 0.22M 0.00700M 0.78M 1.04M 0.64M
Net interest income -103.26300M -112.37800M -107.52400M -133.83500M -89.22600M
Extraordinary items - - - - 5.72M
Non recurring 22.11M 62.42M 3.19M 22.94M 23.14M
Other items - - - - -
Income tax expense 0.27M 0.25M 0.38M 0.78M 0.12M
Total revenue 554.27M 576.48M 587.92M 678.40M 426.56M
Total operating expenses 385.07M 399.43M 410.86M 477.86M 303.44M
Cost of revenue 57.84M 71.97M 65.12M 73.72M 49.71M
Total other income expense net -113.90900M -110.51900M -104.47300M -95.50200M -9.40100M
Discontinued operations - - - - 5.72M
Net income from continuing ops -2.60000M -5.67900M 7.87M 31.59M -25.33700M
Net income applicable to common shares -6.10900M -8.18000M 6.68M 30.34M -22.25500M
Preferred stock and other adjustments - - - - 0.37M
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 3989.67M 3979.98M 4241.68M 3946.44M 4193.14M
Intangible assets - 369.33M 505.63M 548.94M 732.38M
Earning assets - - - - -
Other current assets 14.40M 2.52M 1.49M 14.81M 6.95M
Total liab 2733.99M 2593.64M 2744.97M 2337.04M 2487.38M
Total stockholder equity 1255.68M 1386.34M 1496.71M 1609.39M 1705.75M
Deferred long term liab - 73.62M 53.88M 42.63M 43.17M
Other current liab 2.52M 6.54M 7.38M 7.00M 21.83M
Common stock 0.49M 0.49M 0.48M 0.48M 0.48M
Capital stock 0.49M 0.49M 0.48M 0.48M 0.48M
Retained earnings -1366.30200M -1233.68300M -1120.94400M -1006.39600M -906.95300M
Other liab - 29.34M 23.82M 16.70M 36.63M
Good will - - - - -
Other assets 3844.09M -32.61300M 4123.82M 3904.39M 790.23M
Cash 12.31M 12.25M 83.03M 42.05M 93.74M
Cash and equivalents - - - - -
Total current liabilities 354.72M 341.69M 149.99M 123.48M 146.88M
Current deferred revenue 7.03M - - - -
Net debt 2571.96M 2434.70M 2511.96M 2171.51M 2246.76M
Short term debt 205.00M 195.00M 98.18M 169.73M 399.93M
Short long term debt 205.00M 195.00M - - 399.93M
Short long term debt total 2584.27M 2446.95M 2594.98M 2213.56M 2340.50M
Other stockholder equity 2621.49M 2619.53M 2617.17M 2615.30M 2612.43M
Property plant equipment - 3377.13M 3415.17M 3145.41M 3176.45M
Total current assets 197.29M 120.40M 224.00M 233.80M 255.13M
Long term investments 18.13M 35.13M 34.84M 37.95M 39.76M
Net tangible assets - 1017.00M 1496.71M 1060.45M 973.37M
Short term investments - 35.13M 34.84M - -
Net receivables 133.26M 105.64M 112.89M 101.77M 83.56M
Long term debt 2367.61M 2237.79M 2577.95M 2202.97M 2327.32M
Inventory 37.31M 2.52M 26.60M 75.18M 70.88M
Accounts payable 140.17M 140.15M 142.61M 116.48M 125.05M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -1366.30200M - - - -0.20000M
Additional paid in capital - - - - -
Common stock total equity - 0.49M 0.48M 0.48M 0.48M
Preferred stock total equity - - - - -
Retained earnings total equity - -1233.68300M -1120.94400M -1006.39600M -906.95300M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 358.75M 3824.44M 3982.85M 3674.69M 3898.25M
Deferred long term asset charges - - - - -
Non current assets total 3792.38M 3859.57M 4017.68M 3712.64M 3938.01M
Capital lease obligations 11.66M 14.16M 17.03M 10.59M 13.18M
Long term debt total - 2237.79M 2577.95M 2202.97M 2327.32M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments 0.05M 0.62M 3.78M 113.61M 456.13M
Change to liabilities -19.53200M 7.15M -9.10800M -47.07900M -3.40000M
Total cashflows from investing activities -4.62400M -442.98500M -22.98700M 877.82M 738.66M
Net borrowings -153.08600M 359.27M -147.92700M -925.05400M -672.64400M
Total cash from financing activities -260.25600M 249.15M -254.48200M -1031.39500M -864.30900M
Change to operating activities -31.45500M -17.55800M -10.65000M -52.45100M -8.17300M
Net income -6.10900M -8.18000M 6.68M 30.34M -21.88400M
Change in cash -72.26600M 27.66M -43.84100M 61.75M 19.26M
Begin period cash flow 84.52M 56.85M 100.70M 38.94M 19.68M
End period cash flow 12.25M 84.52M 56.85M 100.70M 38.94M
Total cash from operating activities 192.61M 221.49M 233.63M 215.33M 144.92M
Issuance of capital stock - - - 0.00000M 0.00000M
Depreciation 216.67M 237.09M 251.02M 287.38M 161.06M
Other cashflows from investing activities 199.43M -343.46700M 55.00M 826.89M 330.03M
Dividends paid 106.63M 106.37M 106.12M 105.87M 171.21M
Change to inventory - 2.21M 1.48M -24.48000M 1.03M
Change to account receivables 10.96M 2.66M -3.96200M 12.59M 5.02M
Sale purchase of stock -0.54000M -1.00300M -0.43400M -0.47300M -20.45300M
Other cashflows from financing activities 384.53M -2.74400M -1.49200M 430.00M -3.93600M
Change to netincome 5.32M -7.55400M -20.55800M 45.23M 24.40M
Capital expenditures 204.10M 100.14M 81.76M 764.21M 282.53M
Change receivables 10.96M 2.66M -3.96200M 12.59M 5.02M
Cash flows other operating -31.81900M -8.53700M -6.92200M -129.83600M -28.73700M
Exchange rate changes - - - - -
Cash and cash equivalents changes -72.26600M 27.66M -43.84100M 61.75M 19.26M
Change in working capital -39.70800M -7.74400M -22.69300M -59.19800M -6.45500M
Stock based compensation - - - - -
Other non cash items 21.76M 0.32M -1.37700M -43.18600M 12.20M
Free cash flow 192.61M 221.49M 233.63M 215.33M 144.92M

Peer Comparison

Sector: Real Estate Industry: REIT - Office

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
OPI
Office Properties Income Trust
-0.025 1.14% 2.17 - - 0.19 0.08 5.01 9.78
ARE
Alexandria Real Estate Equities Inc
2.51 2.06% 124.42 93.58 16.69 7.85 1.18 11.89 21.29
BXP
Boston Properties Inc
1.45 1.84% 80.06 57.62 29.59 3.74 1.92 7.97 15.55
GECFF
Gecina SA
- -% 106.58 - 18.42 11.51 0.70 19.50 -18.1681
VNO
Vornado Realty Trust
0.44 1.22% 36.37 - 1250.00 4.65 1.23 8.18 33.48

Reports Covered

Stock Research & News

Profile

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.

Office Properties Income Trust

Two Newton Place, Newton, MA, United States, 02458-1634

Key Executives

Name Title Year Born
Mr. Christopher J. Bilotto Pres & COO 1978
Mr. Matthew C. Brown CFO & Treasurer 1982
Ms. Jennifer Babbin Clark Sec. 1961
Kevin Barry Director of Investor Relations NA
Ms. Olivia Snyder Mang. of Investor Relations NA
Mr. Brian E. Donley CFO & Treasurer 1976
Ms. Jennifer Babbin Clark Secretary & Managing Trustee 1961
Ms. Yael Duffy President & COO 1980
Ms. Olivia Snyder Manager of Investor Relations NA

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