Office Properties Income Price, Forecast, Insider, Ratings, Fundamentals & Signals

Newton, mass.--(business wire)--office properties income trust (nasdaq: opi) today announced a regular quarterly cash distribution on its common shares to $0.01 per common share ($0.04 per share per year). this distribution will be paid to opi's common shareholders of record as of the close of business on april 22, 2024 and distributed on or about may 16, 2024. about office properties income trust opi is a national reit focused on owning and leasing office properties to high credit quality tena.

Newton, mass.--(business wire)--office properties income trust (nasdaq: opi) today announced that it will issue a press release containing its first quarter 2024 financial results after the nasdaq closes on wednesday, may 1, 2024. on thursday, may 2, 2024 at 10:00 a.m. eastern time, president and chief operating officer yael duffy and chief financial officer and treasurer brian donley will host a conference call to discuss these results. the conference call telephone number is (877) 328-1172. p.

Newton, mass.--(business wire)--office properties income trust (nasdaq: opi) today announced that it received the 2024 energy star® partner of the year award for the seventh consecutive year. opi was also recognized as an energy star® partner of the year sustained excellence honoree for the fifth consecutive year. currently, 41 buildings in opi's portfolio are energy star certified. each year, the energy star program honors a group of businesses and organizations that have made outstanding cont.

Newton, mass.--(business wire)--office properties income trust (nasdaq: opi) today announced its financial results for the quarter ended december 31, 2023, which can be found at the quarterly results section of opi's website at https://www.opireit.com/investors/financial-information/default.aspx. a conference call to discuss opi's fourth quarter results will be held on friday, february 16, 2024 at 10:00 a.m. eastern time. the conference call may be accessed by dialing (877) 328-1172 or (412) 31.

Newton, mass.--(business wire)--office properties income trust (nasdaq: opi) today announced that it has consummated the offering of $300 million aggregate principal amount of 9.000% senior secured notes due 2029. the notes are guaranteed by certain of opi's subsidiaries and secured by first-priority liens on 17 office properties with a gross carrying value of approximately $574 million and a pledge of the equity interests of the subsidiary guarantors. the net proceeds from this transaction, af.

Shares in real estate investment trusts have bounced back in recent months, but as the commercial real estate space remains in a tough spot, there are still plenty of stocks in this category best described as REITs to sell. The main reason for this all has to do with the macro environment.

Office Properties Trust is facing material credit risk with its common shares dropping 85% in the past year. OPI's credit rating has been downgraded further into junk at "CCC+" with S&P Global citing liquidity pressure and refinancing risk. The REIT has an extremely challenging lease expiration and debt maturity schedule, but there is potential for a strong capital uplift if management can address these issues.

The trend among offices and multifamily real estate is worrying. Fundamental shifts in supply and demand are impacting markets, REITs, and banks. But investors who are willing to sort through the noise should find some great opportunities. Here are two that I've identified.

Office Properties Income Trust (OPI) came out with quarterly funds from operations (FFO) of $0.95 per share, missing the Zacks Consensus Estimate of $0.98 per share. This compares to FFO of $1.13 per share a year ago.

Great white sharks have a bad reputation due to the movie "Jaws," but they are not intentionally targeting humans. Office REITs, like sharks, have a bad reputation, but not all of them should be avoided. We would steer folks away from these three REITs, however, towards safer investments that should generate sustainable and repeatable income.

Office Properties Income Trust is facing financial challenges, including a high level of debt and the need to sell assets to repay maturing debt. OPI's cash available for distribution has been declining, making it difficult to pay down debt. The company will need to renegotiate its credit facility and sell assets to meet its debt obligations.

I'm no fan of externally-managed REITs. Especially the three tickers I'm discussing today. I suggest you avoid these rotten REITs at all costs.

I am very bullish on most REITs following their recent crash. But not all REITs are worth buying. Here are two risky REITs that I would consider selling.

Office REITs face deep-rooted problems and a slow recovery in demand for office space. The rise and fall of U.S. malls provide lessons for office REIT investors. Even high-quality office REITs may struggle to maintain occupancy and rental rates in the current market. A "slow motion trainwreck" is unravelling.

Office Properties Income Trust's stock dropped sharply Thursday after the real-estate-investment trust said “deterioration in market conditions” is forcing it to slash its dividend to a fraction of its earlier level.