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Financials · OPI

Office Properties Income Trust (OPI) financials

For the twelve months ended Mar 31, 2026, Office Properties Income Trust reported $437.81M of revenue and -$319.53M of net income.

Revenue, TTM
$437.81M
Revenue growth, YoY
-8.1%
Net income, TTM
-$319.53M
Net margin
-73.0%
EPS, diluted, TTM
-$4.39
Cash
$26.31M
P/S
0.65
Market cap
$285.2M
Annual revenue$442.56M
FY2016FY2025
Annual net income-$272.37M
FY2016FY2025

OPI revenue and earnings growth

OPI revenueQ1 2026$108.87M

Quarter YoY
-4.2%
QoQ
+3.4%
FY YoY
-11.8%
10Y CAGR
+5.9%

OPI revenue was $108.87M in fiscal Q1 2026 (ended Mar 31, 2026), down 4.2% from a year earlier and up 3.4% from the prior quarter. For the full fiscal 2025 it was $442.56M, down 11.8% from fiscal 2024. Compound annual growth was +5.9% over 10 years.

OPI net incomeQ1 2026-$93.02M

OPI net income was -$93.02M in fiscal Q1 2026 (ended Mar 31, 2026), compared with -$45.87M a year earlier. For the full fiscal 2025 it was -$272.37M, compared with -$136.11M in fiscal 2024.

OPI EPSQ1 2026-$1.26

OPI diluted EPS was -$1.26 in fiscal Q1 2026 (ended Mar 31, 2026), compared with -$0.66 a year earlier. For the full fiscal 2025 it was -$3.79, compared with -$2.63 in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$442.56M$501.98M----$678.40M$426.56M$316.53M$258.18M
Selling, general and admin$19.43M$21.13M$22.73M$25.13M$26.86M$28.44M$32.73M$24.92M$18.85M$14.90M
Operating income--------$54.32M$66.68M
Interest expense$203.45M$163.75M$110.65M$103.48M$112.39M$108.30M$134.88M$89.86M$65.41M$45.06M
Pre-tax income-$271.85M-$135.15M-$46.87M-$2.33M-$5.43M$8.25M$32.37M-$25.22M-$9.63M$22.93M
Income tax$116.0K$203.0K$351.0K$270.0K$251.0K$377.0K$778.0K$117.0K$101.0K$101.0K
Net income-$272.37M-$136.11M-$69.43M-$6.11M-$8.18M$6.68M$30.34M-$21.88M$12.09M$57.84M
EPS, basic-$3.79-$2.63-$1.44-$0.14-$0.17$0.14$0.63-$0.90$0.56$3.26
EPS, diluted-$3.79-$2.63-$1.44-$0.14-$0.17$0.14$0.63-$0.90$0.56$3.26
Diluted shares71.9M51.8M48.4M48.3M48.2M48.1M48.1M24.8M21.2M17.8M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$29.49M$261.32M$26.71M$12.25M$83.03M$56.85M$100.70M$38.94M$19.68M$30.47M
Total assets$3.49B$3.82B$3.99B$3.98B$4.24B$3.95B$4.19B$5.24B$3.70B$2.39B
Total debt$2.41B$2.53B$2.57B$2.43B$2.58B$2.20B$2.34B$3.25B$2.25B$1.38B
Total liabilities$2.61B$2.67B$2.73B$2.59B$2.74B$2.34B$2.49B$3.46B$2.35B$1.45B
Shareholders' equity$880.99M$1.15B$1.26B$1.39B$1.50B$1.61B$1.71B$1.78B$1.33B$935.00M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow-$6.57M$67.17M$141.73M$192.61M$221.49M$233.63M$215.33M$144.92M$137.55M$126.72M
Investing cash flow$2.19M$66.61M-$194.82M-$4.62M-$442.99M-$22.99M$877.82M$738.66M-$1.19B-$218.11M
Financing cash flow-$190.13M$114.67M$67.56M-$260.26M$249.15M-$254.48M-$1.03B-$864.31M$1.04B$112.06M
Dividends paid$1.41M$2.03M$63.19M$106.63M$106.37M$106.12M$105.87M$170.57M$145.21M$122.37M
Share repurchases$32.0K$192.0K$294.0K$540.0K$1.00M$434.0K$473.0K$232.0K$264.0K$337.0K
Depreciation and amortization$174.96M$194.74M$209.25M$222.56M$241.49M$251.57M$289.88M$162.49M$109.59M$73.15M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY-11.8%-----59.0%34.8%22.6%3.9%
Net income growth, YoY------78.0%---79.1%-
EPS growth, YoY------77.8%---82.8%-
Operating margin--------17.2%25.8%
Net margin-61.5%-27.1%----4.5%-5.1%3.8%22.4%
Return on equity-30.9%-11.8%-5.5%-0.4%-0.5%0.4%1.8%-1.2%0.9%6.2%
Return on assets-7.8%-3.6%-1.7%-0.2%-0.2%0.2%0.7%-0.4%0.3%2.4%
Debt to equity2.732.202.051.751.721.371.371.831.691.48

Source: XBRL data Office Properties Income Trust files with the SEC, latest filing dated Aug 6, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 1-for-4, first reported Mar 1, 2019.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

OPI peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
OPI$437.81M-8.1%-$319.53M-73.0%$285.2M
CBRE$45.01B+14.8%$1.38B3.1%$39.05B
BEKECN¥94.58B+1.2%CN¥2.99B3.2%$21.30B
JLL$28.20B+11.4%$1.10B3.9%$16.94B
INVH$2.90B+7.2%$682.40M23.5%$15.61B
CSGP$3.67B+20.2%$179.00M4.9%$12.29B
COMP$12.61B+89.8%$133.50M1.1%$7.73B
TRNO$518.86M+17.2%$353.32M68.1%$7.33B
FSV$5.50B+5.4%$145.05M2.6%$6.42B

OPI FAQ

7 questions
  • What is OPI revenue?
    Office Properties Income Trust (OPI) reported $437.81M of revenue for the twelve months ended Mar 31, 2026. That is down 8.1% from the year before. Revenue for fiscal 2025 was $442.56M.
  • Is OPI profitable?
    No. Office Properties Income Trust reported a net loss of $319.53M for the twelve months ended Mar 31, 2026.
  • How much cash and debt does OPI have?
    Office Properties Income Trust reported $26.31M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is OPI revenue growing?
    Office Properties Income Trust's revenue changed -11.8% in fiscal 2025, to $442.56M. Its compound annual growth rate was +5.9% over 10 years.
  • What is OPI earnings per share?
    Diluted earnings per share were -$4.39 for the twelve months ended Mar 31, 2026, from SEC filings, restated for any stock split those filings show.
  • When did OPI last report financial results?
    The latest statements here come from Office Properties Income Trust's 10-Q filed on May 22, 2026, covering the period ended Mar 31, 2026.
  • Where does this OPI financial data come from?
    Quantisnow builds these statements from the structured XBRL data Office Properties Income Trust files with the SEC. It is provided for information only and is not investment advice.