Office Properties Income Trust - Understand $opi stock

$OPI Market Cap: $88.69 Million

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$517.5M

TTM

Gross Margin

66.09%

TTM

Net Earnings

-$24.65M

TTM

Current Assets

$168.9M

Q3 2024

Current Liabilities

$111.8M

Q3 2024

Current Ratio

151.07%

Q3 2024

Total Assets

$3.726B

Q3 2024

Total Liabilities

$2.447B

Q3 2024

Book Value

$1.279B

Q3 2024

Cash

$22.36M

Q3 2024

P/E

-3.598

Nov 29, 2024 EST

Free Cash Flow

-$75.21M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Revenue	$533.6M	$554.3M	$576.5M	$587.9M	$678.4M	$426.6M	$316.5M	$258.2M	$248.5M	$251.0M	$226.9M	$203.7M	$168.1M	$116.3M	$79.20M	$75.50M	$73.10M	$70.90M
YoY Change	-3.74%	-3.85%	-1.94%	-13.34%	59.04%	34.76%	22.6%	3.87%	-0.99%	10.63%	11.39%	21.2%	44.46%	46.9%	4.9%	3.28%	3.1%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Revenue	$533.6M	$554.3M	$576.5M	$587.9M	$678.4M	$426.6M	$316.5M	$258.2M	$248.5M	$251.0M	$226.9M	$203.7M	$168.1M	$116.3M	$79.20M	$75.50M	$73.10M	$70.90M
Cost Of Revenue	$172.7M	$168.2M	$177.8M	$170.6M	$194.7M	$139.3M	$103.3M	$85.00M	$80.30M	$74.40M	$66.80M	$59.60M	$48.20M	$32.10M	$21.00M	$20.20M	$18.40M	$18.60M
Gross Profit	$360.8M	$386.1M	$398.7M	$417.3M	$483.7M	$287.2M	$213.2M	$173.2M	$168.2M	$176.7M	$160.1M	$144.1M	$119.9M	$85.10M	$58.20M	$55.30M	$54.70M	$52.30M
Gross Profit Margin	67.63%	69.65%	69.16%	70.98%	71.3%	67.33%	67.35%	67.08%	67.67%	70.39%	70.56%	70.74%	71.34%	73.14%	73.48%	73.25%	74.83%	73.77%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Selling, General & Admin	$49.51M	$52.14M	$52.11M	$53.80M	$67.00M	$51.30M	$39.80M	$32.20M	$32.70M	$35.20M	$29.80M	$27.70M	$24.40M	$16.10M	$10.40M	$9.200M	$8.500M	$8.100M
YoY Change	-5.04%	0.06%	-3.14%	-19.7%	30.6%	28.89%	23.6%	-1.53%	-7.1%	18.12%	7.58%	13.52%	51.55%	54.81%	13.04%	8.24%	4.94%
% of Gross Profit	13.72%	13.51%	13.07%	12.89%	13.85%	17.86%	18.67%	18.59%	19.44%	19.92%	18.61%	19.22%	20.35%	18.92%	17.87%	16.64%	15.54%	15.49%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$107.5M	$96.97M	$92.27M	$83.83M	$89.40M	$66.69M	$52.43M	$42.49M	$38.99M	$37.67M	$34.69M	$32.35M	$26.89M	$19.18M	$14.50M	$13.40M	$13.50M	$12.70M
YoY Change	10.82%	5.09%	10.07%	-6.23%	34.06%	27.2%	23.39%	8.98%	3.49%	8.58%	7.25%	20.32%	40.18%	32.28%	8.21%	-0.74%	6.3%
% of Gross Profit	29.78%	25.12%	23.14%	20.09%	18.48%	23.22%	24.59%	24.53%	23.18%	21.32%	21.67%	22.45%	22.42%	22.54%	24.91%	24.23%	24.68%	24.28%
Operating Expenses	$258.8M	$274.7M	$293.6M	$305.4M	$356.9M	$213.9M	$149.4M	$105.3M	$101.4M	$101.7M	$85.60M	$76.70M	$62.20M	$40.40M	$25.60M	$23.40M	$22.30M	$21.30M
YoY Change	-5.8%	-6.44%	-3.86%	-14.43%	66.85%	43.17%	41.88%	3.85%	-0.29%	18.81%	11.6%	23.31%	53.96%	57.81%	9.4%	4.93%	4.69%
Operating Profit	$102.1M	$111.4M	$105.1M	$111.9M	$126.8M	$73.30M	$54.32M	$66.68M	$65.97M	$71.53M	$72.10M	$67.07M	$54.21M	$38.93M	$32.60M	$31.90M	$32.40M	$31.00M
YoY Change	-8.34%	5.97%	-6.09%	-11.75%	72.99%	34.95%	-18.54%	1.07%	-7.77%	-0.79%	7.51%	23.72%	39.26%	19.4%	2.19%	-1.54%	4.52%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Interest Expense	$110.6M	$103.5M	$112.4M	$108.3M	$134.9M	$89.87M	$65.41M	$45.06M	$37.01M	$28.05M	$16.83M	$16.89M	$12.06M	$7.351M	-$5.500M	-$100.0K	-$300.0K	-$500.0K
YoY Change	6.93%	-7.92%	3.77%	-19.7%	50.09%	37.4%	45.15%	21.76%	31.95%	66.64%	-0.36%	40.1%	64.02%	-233.65%	5400.0%	-66.67%	-40.0%
% of Operating Profit	108.4%	92.92%	106.95%	96.79%	106.37%	122.6%	120.41%	67.58%	56.1%	39.21%	23.34%	25.19%	22.24%	18.89%	-16.87%	-0.31%	-0.93%	-1.61%
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Pretax Income	-$46.87M	-$2.330M	-$5.428M	$8.248M	$32.37M	-$25.22M	-$9.625M	$22.93M	$17.45M	$42.19M	$55.31M	$50.52M	$45.71M	$27.89M	$26.10M	$31.80M	$32.10M	$30.50M
YoY Change	1911.46%	-57.07%	-165.81%	-74.52%	-228.36%	162.03%	-141.98%	31.38%	-58.63%	-23.72%	9.48%	10.51%	63.91%	6.86%	-17.92%	-0.93%	5.25%
Income Tax	$351.0K	$270.0K	$251.0K	$377.0K	$778.0K	$117.0K	$101.0K	$101.0K	$86.00K	$117.0K	$100.0K	$159.0K	$203.0K	$167.0K	$100.0K	$0.00	$0.00	$0.00
% Of Pretax Income				4.57%	2.4%			0.44%	0.49%	0.28%	0.18%	0.31%	0.44%	0.6%	0.38%	0.0%	0.0%	0.0%
Net Earnings	-$69.43M	-$6.109M	-$8.180M	$6.678M	$30.34M	-$21.88M	$12.09M	$57.84M	-$210.0M	$56.50M	$54.60M	$50.00M	$46.00M	$27.80M	$26.00M	$31.80M	$32.10M	$30.50M
YoY Change	1036.55%	-25.32%	-222.49%	-77.99%	-238.62%	-281.01%	-79.1%	-127.55%	-471.61%	3.48%	9.2%	8.7%	65.47%	6.92%	-18.24%	-0.93%	5.25%
Net Earnings / Revenue	-13.01%	-1.1%	-1.42%	1.14%	4.47%	-5.13%	3.82%	22.4%	-84.47%	22.51%	24.06%	24.55%	27.37%	23.89%	32.83%	42.12%	43.91%	43.02%
Basic Earnings Per Share	-$1.44	-$0.14	-$0.17	$0.14	$0.63						$1.00	$1.03	$1.06	$0.81
Diluted Earnings Per Share	-$1.44	-$0.14	-$0.17	$0.14	$0.63	-$883.1K	$570.8K	$3.247M	-$11.86M	$3.693M	$3.985M	$4.098M	$4.259M	$3.233M	$6.842M	$6.360M	$6.420M	$6.100M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Cash & Short-Term Investments	$12.32M	$12.25M	$83.03M	$42.00M	$93.70M	$35.30M	$16.60M	$29.90M	$8.800M	$13.80M	$7.700M	$5.300M	$3.300M	$2.400M	$1.500M	$100.0K	$100.0K
YoY Change	0.54%	-85.25%	97.68%	-55.18%	165.44%	112.65%	-44.48%	239.77%	-36.23%	79.22%	45.28%	60.61%	37.5%	60.0%	1400.0%	0.0%
Cash & Equivalents	$12.32M	$12.25M	$83.03M	$42.00M	$93.70M	$35.30M	$16.60M	$29.90M	$8.800M	$13.80M	$7.700M	$5.300M	$3.300M	$2.400M	$1.500M	$100.0K	$100.0K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables	$133.3M	$105.6M	$112.9M	$101.8M	$83.60M	$72.10M	$61.40M	$48.50M	$45.30M	$36.20M	$33.40M	$28.90M	$29.00M	$19.20M	$13.60M	$14.60M	$14.60M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$145.6M	$117.9M	$195.9M	$143.8M	$177.3M	$107.4M	$78.00M	$78.40M	$54.10M	$50.00M	$41.10M	$34.20M	$32.30M	$21.60M	$15.10M	$14.70M	$14.70M
YoY Change	23.49%	-39.83%	36.24%	-18.89%	65.08%	37.69%	-0.51%	44.92%	8.2%	21.65%	20.18%	5.88%	49.54%	43.05%	2.72%	0.0%
Property, Plant & Equipment	$3.679B	$3.744B	$3.921B	$3.619B	$3.840B	$4.626B	$2.986B	$1.717B	$1.559B	$1.613B	$1.523B	$1.456B	$1.316B	$906.5M	$479.0M	$400.5M	$412.2M
YoY Change	-1.73%	-4.51%	8.33%	-5.75%	-16.99%	54.94%	73.91%	10.16%	-3.37%	5.88%	4.64%	10.64%	45.13%	89.25%	19.6%	-2.84%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$18.13M	$35.13M	$34.84M	$38.00M	$39.80M	$43.70M	$517.7M	$487.7M	$491.4M	$680.1M
YoY Change	-48.4%	0.84%	-8.32%	-4.52%	-8.92%	-91.56%	6.15%	-0.75%	-27.75%
Other Assets	$138.7M	$75.61M	$81.97M	$132.6M	$117.9M	$282.8M	$26.10M	$34.20M	$27.80M	$39.70M	$43.20M	$62.00M	$10.40M	$6.500M	$6.500M	$3.100M	$3.000M
YoY Change	83.41%	-7.75%	-38.18%	12.47%	-58.31%	983.52%	-23.68%	23.02%	-29.97%	-8.1%	-30.32%	496.15%	60.0%	0.0%	109.68%	3.33%
Total Long-Term Assets	$3.844B	$3.862B	$4.046B	$3.803B	$4.016B	$5.131B	$3.626B	$2.307B	$2.114B	$2.378B	$1.591B	$1.528B	$1.336B	$929.7M	$499.7M	$405.1M	$416.3M
YoY Change	-0.47%	-4.54%	6.39%	-5.31%	-21.74%	41.53%	57.18%	9.09%	-11.07%	49.4%	4.16%	14.34%	43.73%	86.05%	23.35%	-2.69%
Total Assets	$3.990B	$3.980B	$4.242B	$3.946B	$4.193B	$5.239B	$3.704B	$2.385B	$2.169B	$2.428B	$1.633B	$1.562B	$1.369B	$951.3M	$514.8M	$419.8M	$431.0M
YoY Change
Accounts Payable	$140.2M	$140.2M	$142.6M	$116.3M	$122.9M	$145.5M	$89.40M	$54.00M	$50.50M	$26.50M	$23.20M	$18.90M	$20.70M	$14.40M	$14.00M	$3.000M	$2.900M
YoY Change	0.01%	-1.72%	22.62%	-5.37%	-15.53%	62.75%	65.56%	6.93%	90.57%	14.22%	22.75%	-8.7%	43.75%	2.86%	366.67%	3.45%
Accrued Expenses				$200.0K	$2.200M
YoY Change				-90.91%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$95.40M	$46.40M	$0.00	$100.0K	$3.600M
YoY Change												-100.0%	105.6%		-100.0%	-97.22%
Long-Term Debt Due													$0.00
YoY Change
Total Short-Term Liabilities	$147.2M	$146.6M	$149.4M	$122.6M	$132.2M	$180.4M	$94.30M	$57.50M	$53.40M	$28.70M	$25.70M	$22.60M	$120.2M	$62.10M	$14.80M	$3.100M	$6.500M
YoY Change	0.39%	-1.86%	21.86%	-7.26%	-26.72%	91.3%	64.0%	7.68%	86.06%	11.67%	13.72%	-81.2%	93.56%	319.59%	377.42%	-52.31%
Long-Term Debt	$2.573B	$2.433B	$2.578B	$2.203B	$2.327B	$3.255B	$2.266B	$1.382B	$1.146B	$1.085B	$597.7M	$492.6M	$345.5M	$118.0M	$144.4M	$0.00	$0.00
YoY Change	5.75%	-5.63%	17.02%	-5.34%	-28.5%	43.67%	63.95%	20.63%	5.58%	81.55%	21.34%	42.58%	192.8%	-18.28%
Other Long-Term Liabilities	$14.19M	$14.23M	$17.63M	$11.50M	$27.90M	$24.30M	$13.60M	$10.70M	$12.80M	$16.40M	$19.40M	$19.40M	$11.30M	$13.70M	$3.600M	$3.200M	$4.000M
YoY Change	-0.28%	-19.28%	53.29%	-58.78%	14.81%	78.68%	27.1%	-16.41%	-21.95%	-15.46%	0.0%	71.68%	-17.52%	280.56%	12.5%	-20.0%
Total Long-Term Liabilities	$2.587B	$2.447B	$2.596B	$2.215B	$2.355B	$3.279B	$2.279B	$1.393B	$1.158B	$1.102B	$617.1M	$512.0M	$356.8M	$131.7M	$148.0M	$3.200M	$4.000M
YoY Change	5.71%	-5.72%	17.21%	-5.97%	-28.18%	43.88%	63.67%	20.22%	5.17%	78.5%	20.53%	43.5%	170.92%	-11.01%	4525.0%	-20.0%
Total Liabilities	$2.734B	$2.594B	$2.745B	$2.337B	$2.487B	$3.460B	$2.374B	$1.450B	$1.212B	$1.130B	$642.8M	$534.7M	$476.9M	$193.9M	$162.8M	$6.300M	$10.50M
YoY Change	5.41%	-5.51%	17.46%	-6.05%	-28.1%	45.76%	63.68%	19.66%	7.23%	75.82%	20.22%	12.12%	145.95%	19.1%	2484.13%	-40.0%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Basic Shares Outstanding	48.39M shares	48.28M shares	48.20M shares	48.12M shares	48.06M shares	24.83M shares	21.16M shares	17.76M shares	70.70M shares	61.31M shares	54.68M shares	48.62M shares	43.37M shares	34.34M shares
Diluted Shares Outstanding	48.39M shares	48.28M shares	48.20M shares	48.12M shares	48.06M shares	24.83M shares	21.16M shares	17.77M shares	70.70M shares	61.40M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $88.692 Million

About OFFICE PROPERTIES INCOME TRUST

Office Properties Income Trust is a real estate investment trust. The company is headquartered in Newton, Massachusetts and currently employs 0 full-time employees. The company went IPO on 2009-06-03. The firm is focused on owning and leasing office and mixed-use properties in select, growth-oriented United States markets. Its primary investment objectives include increasing cash flows from operations from stable and diverse sources. The company seeks to acquire properties or portfolios that enhance its overall portfolio composition and produce greater returns than those properties or portfolios it may sell. Its wholly owned properties comprise 152 properties containing approximately 20.5 million rentable square feet. Its properties were leased to over 258 different tenants. Its properties include 445 Jan Davis Drive; 131 Clayton Street; 4344 Carmichael Road; 711 S14th Avenue; Folsom Corporate Center; 100 Redwood Shores Parkway; 100 Redwood Shores Parkway; 7958 South Chester Street; 12795 West Alameda Parkway; 20 Massachusetts Avenue, and others.

Industry: Real Estate Peers: ALEXANDRIA REAL ESTATE EQUITIES, INC. BRANDYWINE REALTY TRUST Veris Residential, Inc. Creative Media & Community Trust Corp FRANKLIN STREET PROPERTIES CORP /MA/ KBS Real Estate Investment Trust III, Inc. Paramount Group, Inc. Piedmont Office Realty Trust, Inc. Orion Office REIT Inc. Postal Realty Trust, Inc.