opi is a reit focused on owning, operating and leasing properties primarily leased to single tenants and those with high credit quality characteristics such as government entities. opi is managed by the operating subsidiary of the rmr group inc. (nasdaq: rmr), an alternative asset management company that is headquartered in newton, massachusetts.
Company profile
Ticker
OPI, OPINL
Exchange
Website
CEO
David M. Blackman
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Government Properties Income Trust, GOVERNMENT PROPERTIES INCOME TRUST
SEC CIK
Corporate docs
Subsidiaries
First Potomac DC Holdings, LLC • GOV NEW OPPTY LP • Government Properties Income Trust LLC • SC Merger Sub LLC • SIR Chicago LLC • SIR Holdings Corporation • SIR Operating Partnership LP ...
IRS number
264273474
OPI stock data
Latest filings (excl ownership)
DEFA14A
Additional proxy soliciting materials
4 Apr 24
DEF 14A
Definitive proxy
4 Apr 24
ARS
2023 FY
Annual report to shareholders
4 Apr 24
8-K
1 OFFICE PROPERTIES INCOME TRUST INVESTOR PRESENTATION April 2024 Atlanta, GA
1 Apr 24
8-K
Completion of Acquisition or Disposition of Assets
26 Mar 24
8-K
Office Properties Income Trust Announces Fourth Quarter 2023 Results
15 Feb 24
10-K
2023 FY
Annual report
15 Feb 24
8-K
Other Events
12 Feb 24
8-K
Entry into a Material Definitive Agreement
30 Jan 24
8-K
Departure of Directors or Certain Officers
20 Nov 23
Transcripts
OPI
Earnings call transcript
2023 Q4
16 Feb 24
OPI
Earnings call transcript
2023 Q3
31 Oct 23
OPI
Earnings call transcript
2023 Q2
27 Jul 23
OPI
Earnings call transcript
2023 Q1
27 Apr 23
OPI
Earnings call transcript
2022 Q4
16 Feb 23
OPI
Earnings call transcript
2022 Q3
28 Oct 22
OPI
Earnings call transcript
2022 Q2
29 Jul 22
OPI
Earnings call transcript
2022 Q1
29 Apr 22
OPI
Earnings call transcript
2021 Q4
17 Feb 22
OPI
Earnings call transcript
2021 Q3
29 Oct 21
Latest ownership filings
SC 13G/A
VANGUARD GROUP INC
12 Feb 24
SC 13G/A
VANGUARD GROUP INC
12 Feb 24
SC 13G
Invesco Ltd.
9 Feb 24
SC 13G/A
BlackRock Inc.
24 Jan 24
SC 13G/A
STATE STREET CORP
22 Jan 24
3
Yael Duffy
2 Jan 24
SC 13G/A
BlackRock Inc.
6 Dec 23
SC 13G/A
VANGUARD GROUP INC
10 Oct 23
SC 13G/A
BlackRock Inc.
6 Oct 23
3
Brian E. Donley
2 Oct 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 39.63 mm | 39.63 mm | 39.63 mm | 39.63 mm | 39.63 mm | 39.63 mm |
Cash burn (monthly) | (no burn) | (no burn) | 6.50 mm | 2.14 mm | (no burn) | (no burn) |
Cash used (since last report) | n/a | n/a | 44.60 mm | 14.71 mm | n/a | n/a |
Cash remaining | n/a | n/a | -4.97 mm | 24.92 mm | n/a | n/a |
Runway (months of cash) | n/a | n/a | -0.8 | 11.6 | n/a | n/a |
Institutional ownership, Q3 2023
68.9% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 179 |
Opened positions | 30 |
Closed positions | 40 |
Increased positions | 50 |
Reduced positions | 59 |
13F shares | Current |
---|---|
Total value | 129.55 bn |
Total shares | 33.60 mm |
Total puts | 443.10 k |
Total calls | 133.40 k |
Total put/call ratio | 3.3 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 4.97 mm | $20.36 bn |
BLK Blackrock | 4.03 mm | $16.52 bn |
IVZ Invesco | 2.08 mm | $8.54 bn |
Balyasny Asset Management | 1.97 mm | $8.09 bn |
LSV Asset Management | 1.93 mm | $7.92 mm |
Millennium Management | 1.68 mm | $6.90 bn |
Charles Schwab Investment Management | 1.65 mm | $6.76 bn |
STT State Street | 1.55 mm | $6.37 bn |
Aqr Capital Management | 1.36 mm | $5.60 bn |
Geode Capital Management | 1.23 mm | $5.05 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
18 Sep 23 | Christopher J. Bilotto | Common Shares of Beneficial Interest | Payment of exercise | Dispose F | No | No | 5.79 | 1,984 | 11.49 k | 24,673 |
18 Sep 23 | Clark Jennifer B | Common Shares of Beneficial Interest | Payment of exercise | Dispose F | No | No | 5.79 | 7,112 | 41.18 k | 85,116 |
18 Sep 23 | Matthew C. Brown | Common Shares of Beneficial Interest | Payment of exercise | Dispose F | No | No | 5.79 | 2,053 | 11.89 k | 24,288 |
News
Real Estate, Regional Bank Stocks Tank, Energy Cushions The Blow: March Inflation Rates Shake Up Sectors
10 Apr 24
Wondering Where To Find An Over 7% Annual Return? Check Out These 10 Investment-Grade Corporate Bonds
5 Apr 24
Top 10 US High-Yield Corporate Bonds With Returns Over 20% In April 2024
4 Apr 24
Morgan Stanley Maintains Underweight on Office Props IT, Lowers Price Target to $1.6
28 Mar 24
10 Real Estate Stocks Move On Thursday: Fed Rate Cut Possibility Sparks Rally For Troubled Sector
21 Mar 24
Press releases
The RMR Group Highlights Recent Achievements in 2023 Annual Sustainability Report
16 Apr 24
Office Properties Income Trust First Quarter 2024 Conference Call Scheduled for Thursday, May 2nd
3 Apr 24
Office Properties Income Trust Closes $300 Million Offering of Senior Secured Notes Due 2029
12 Feb 24
Office Properties Income Trust Prices $300 Million of Senior Secured Notes Due 2029
7 Feb 24
Office Properties Income Trust Announces $425 Million Amended and Restated Secured Credit Facilities
29 Jan 24