$OPI
OFFICE PROPERTIES INCOME TRUST Stock $opi

$opi Overview Financials Valuation SEC Filings Company Website

2017 Q4 Form 10-Q Financial Statement

#000145677217000040 Filed on October 31, 2017

Income Statement

Concept	2017 Q4	2017 Q3	2016 Q3
Revenue	$107.2M	$70.18M	$64.48M
YoY Change	62.31%	8.84%	3.84%
Cost Of Revenue	$34.30M	$23.70M	$21.40M
YoY Change	54.5%	10.75%	7.0%
Gross Profit	$72.90M	$46.50M	$43.00M
YoY Change	66.06%	8.14%	2.14%
Gross Profit Margin	68.02%	66.26%	66.69%
Selling, General & Admin	$13.30M	$8.700M	$9.300M
YoY Change	77.33%	-6.45%	4.49%
% of Gross Profit	18.24%	18.71%	21.63%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$47.50M	$20.50M	$18.00M
YoY Change	165.36%	13.89%	6.51%
% of Gross Profit	65.16%	44.09%	41.86%
Operating Expenses	$60.90M	$29.50M	$27.80M
YoY Change	135.14%	6.12%	6.51%
Operating Profit	$12.00M	$16.77M	$15.18M
YoY Change	-33.33%	10.42%	-3.52%
Interest Expense	-$21.40M	$16.06M	$12.61M
YoY Change	72.58%	27.34%	37.99%
% of Operating Profit	-178.33%	95.76%	83.04%
Other Income/Expense, Net
YoY Change
Pretax Income	-$18.70M	$1.014M	$2.998M
YoY Change	-497.87%	-66.18%	-54.68%
Income Tax	$0.00	$22.00K	$13.00K
% Of Pretax Income		2.17%	0.43%
Net Earnings	-$18.00M	$10.99M	$11.60M
YoY Change	-248.76%	-5.27%	-31.36%
Net Earnings / Revenue	-16.8%	15.66%	17.99%
Basic Earnings Per Share
Diluted Earnings Per Share	-$725.8K	$454.5K	$651.7K
COMMON SHARES
Basic Shares Outstanding	99.15M shares	96.88M shares	71.05M shares
Diluted Shares Outstanding		96.96M shares	71.08M shares

Balance Sheet

Concept	2017 Q4	2017 Q3	2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$16.60M	$551.7M	$13.70M
YoY Change	-44.48%	3927.01%	21.24%
Cash & Equivalents	$16.57M	$551.7M	$13.75M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables	$61.40M	$47.50M	$49.40M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$78.00M	$599.2M	$63.10M
YoY Change	-0.51%	849.6%	20.88%
LONG-TERM ASSETS
Property, Plant & Equipment	$2.986B	$1.699B	$1.608B
YoY Change	73.91%	5.67%	2.6%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$467.5M	$475.3M	$492.0M
YoY Change	-4.14%	-3.4%	-3.89%
Other Assets	$26.10M	$22.80M	$33.00M
YoY Change	-23.68%	-30.91%	-10.81%
Total Long-Term Assets	$3.626B	$2.938B	$2.202B
YoY Change	57.18%	33.42%	1.25%
TOTAL ASSETS
Total Short-Term Assets	$78.00M	$599.2M	$63.10M
Total Long-Term Assets	$3.626B	$2.938B	$2.202B
Total Assets	$3.704B	$3.537B	$2.265B
YoY Change	55.28%	56.15%	1.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$89.40M	$63.50M	$52.20M
YoY Change	65.56%	21.65%	7.19%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$94.30M	$67.80M	$56.20M
YoY Change	64.0%	20.64%	11.29%
LONG-TERM LIABILITIES
Long-Term Debt	$2.266B	$2.083B	$1.247B
YoY Change	63.95%	67.05%	8.47%
Other Long-Term Liabilities	$13.60M	$8.800M	$11.30M
YoY Change	27.1%	-22.12%	-16.91%
Total Long-Term Liabilities	$2.279B	$2.092B	$1.258B
YoY Change	63.67%	66.25%	8.18%
TOTAL LIABILITIES
Total Short-Term Liabilities	$94.30M	$67.80M	$56.20M
Total Long-Term Liabilities	$2.279B	$2.092B	$1.258B
Total Liabilities	$2.353B	$2.159B	$1.314B
YoY Change	62.27%	64.3%	8.3%
SHAREHOLDERS EQUITY
Retained Earnings	$108.1M	$126.4M	$84.26M
YoY Change	12.27%	50.02%
Common Stock	$1.969B	$1.969B	$1.474B
YoY Change	33.57%	33.57%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.330B	$1.378B	$950.7M
YoY Change
Total Liabilities & Shareholders Equity	$3.704B	$3.537B	$2.265B
YoY Change	55.28%	56.15%	1.71%

Cashflow Statement

Concept	2017 Q4	2017 Q3	2016 Q3
OPERATING ACTIVITIES
Net Income	-$18.00M	$10.99M	$11.60M
YoY Change	-248.76%	-5.27%	-31.36%
Depreciation, Depletion And Amortization	$47.50M	$20.50M	$18.00M
YoY Change	165.36%	13.89%	6.51%
Cash From Operating Activities	$41.70M	$26.10M	$19.70M
YoY Change	27.91%	32.49%	-24.81%
INVESTING ACTIVITIES
Capital Expenditures	-$537.4M	-$661.0M	-$13.70M
YoY Change	325.83%	4724.82%	372.41%
Acquisitions
YoY Change
Other Investing Activities	$13.70M	$16.50M	$5.000M
YoY Change	128.33%	230.0%	21.95%
Cash From Investing Activities	-$523.6M	-$644.5M	-$8.500M
YoY Change	334.88%	7482.35%	-872.73%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-50.60M	1.157B	-6.400M
YoY Change	-148.65%	-18184.38%	-72.17%
NET CHANGE
Cash From Operating Activities	41.70M	26.10M	19.70M
Cash From Investing Activities	-523.6M	-644.5M	-8.500M
Cash From Financing Activities	-50.60M	1.157B	-6.400M
Net Change In Cash	-532.5M	539.0M	4.800M
YoY Change	-3387.04%	11129.17%	11.63%
FREE CASH FLOW
Cash From Operating Activities	$41.70M	$26.10M	$19.70M
Capital Expenditures	-$537.4M	-$661.0M	-$13.70M
Free Cash Flow	$579.1M	$687.1M	$33.40M
YoY Change	264.67%	1957.19%	14.78%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q3
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
	dei	Document Period End Date DocumentPeriodEndDate	2017-09-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0001456772
CY2017Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	99145921	shares
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
	dei	Entity Registrant Name EntityRegistrantName	Government Properties Income Trust
CY2017Q3	gov	Aggregate Net Book Value Of Real Estate Properties Collateralized AggregateNetBookValueOfRealEstatePropertiesCollateralized	50031000	USD
CY2017Q3	gov	Aggregate Principal Amount Of Real Estate Properties Collateralized AggregatePrincipalAmountOfRealEstatePropertiesCollateralized	26358000	USD
CY2016Q4	gov	Allowance For Doubtful Accounts Receivable Deferred Rent Receivables AllowanceForDoubtfulAccountsReceivableDeferredRentReceivables	155000	USD
CY2017Q3	gov	Allowance For Doubtful Accounts Receivable Deferred Rent Receivables AllowanceForDoubtfulAccountsReceivableDeferredRentReceivables	132000	USD
CY2017Q3	gov	Available For Sale Securities Common Shares Owned AvailableForSaleSecuritiesCommonSharesOwned	1214225	shares
CY2016Q4	gov	Cumulative Common Stock Distributions CumulativeCommonStockDistributions	662527000	USD
CY2017Q3	gov	Cumulative Common Stock Distributions CumulativeCommonStockDistributions	765103000	USD
CY2017Q3	gov	Historical Cost HistoricalCost	26888000	USD
	gov	Mortgage Loans On Real Estate Assumed In Acquisitions Number Of Loans MortgageLoansOnRealEstateAssumedInAcquisitionsNumberOfLoans	3
	gov	Noncashor Part Noncash Investing Activities Real Estate Sales NoncashorPartNoncashInvestingActivitiesRealEstateSales	3600000	USD
	gov	Noncashor Part Noncash Investing Activities Real Estate Sales NoncashorPartNoncashInvestingActivitiesRealEstateSales	0	USD
CY2017Q3	gov	Number Of Buildings NumberOfBuildings	96	building
CY2017Q3	gov	Number Of Buildings Collateralized NumberOfBuildingsCollateralized	3	building
CY2017Q3	gov	Number Of Operating Lease Executed NumberOfOperatingLeaseExecuted	14	lease
	gov	Number Of Operating Lease Executed NumberOfOperatingLeaseExecuted	42	lease
CY2017Q3	gov	Number Of Other Governments NumberOfOtherGovernments	4	government_tenant
CY2017Q3	gov	Number Of Real Estate Properties Collateralized NumberOfRealEstatePropertiesCollateralized	3	property
CY2017Q3	gov	Number Of State Governments NumberOfStateGovernments	13	state_government
CY2017Q3	gov	Number Of States In Which Real Estate Properties Held NumberOfStatesInWhichRealEstatePropertiesHeld	31	state
CY2017Q2	gov	Number Of Trustees NumberOfTrustees	6	trustee
CY2017Q3	gov	Operating Leases Committed Expenditures On Leases Executed In Period OperatingLeasesCommittedExpendituresOnLeasesExecutedInPeriod	7902000	USD
	gov	Operating Leases Committed Expenditures On Leases Executed In Period OperatingLeasesCommittedExpendituresOnLeasesExecutedInPeriod	12609000	USD
CY2017Q3	gov	Operating Leases Committed Expenditures On Leases Executed In Period Area Of Leased Property OperatingLeasesCommittedExpendituresOnLeasesExecutedInPeriodAreaOfLeasedProperty	436102	sqft
	gov	Operating Leases Committed Expenditures On Leases Executed In Period Area Of Leased Property OperatingLeasesCommittedExpendituresOnLeasesExecutedInPeriodAreaOfLeasedProperty	1084633	sqft
CY2017Q3	gov	Operating Leases Committed Expenditures On Leases Executed In Period Committed But Unspent Tenant Related Obligations OperatingLeasesCommittedExpendituresOnLeasesExecutedInPeriodCommittedButUnspentTenantRelatedObligations	26631000	USD
	gov	Operating Leases Expected Current Expansion Cost OperatingLeasesExpectedCurrentExpansionCost	3302000	USD
CY2017Q3	gov	Operating Leases Weighted Average Lease Term OperatingLeasesWeightedAverageLeaseTerm	P8Y4M24D
	gov	Operating Leases Weighted Average Lease Term OperatingLeasesWeightedAverageLeaseTerm	P8Y9M18D
	gov	Straight Line Rent Continuing And Discontinued Operations StraightLineRentContinuingAndDiscontinuedOperations	1789000	USD
	gov	Straight Line Rent Continuing And Discontinued Operations StraightLineRentContinuingAndDiscontinuedOperations	3115000	USD
CY2016Q4	us-gaap	Accounts Receivable Net AccountsReceivableNet	48458000	USD
CY2017Q3	us-gaap	Accounts Receivable Net AccountsReceivableNet	47461000	USD
CY2016Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	26957000	USD
CY2017Q3	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	46980000	USD
CY2016Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	1473533000	USD
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	us-gaap	Amortization Of Deferred Leasing Fees AmortizationOfDeferredLeasingFees	2343000	USD
	us-gaap	Amortization Of Deferred Leasing Fees AmortizationOfDeferredLeasingFees	2790000	USD
CY2016Q3	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	805000	USD
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	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	2605000	USD
	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	2024000	USD
	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	2605000	USD
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	21948000	USD
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	25592000	USD
CY2016Q4	us-gaap	Assets Assets	2385066000	USD
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CY2016Q4	us-gaap	Assets Of Disposal Group Including Discontinued Operation AssetsOfDisposalGroupIncludingDiscontinuedOperation	12541000	USD
	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	0	USD
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CY2016Q3	us-gaap	Availableforsale Securities Gross Unrealized Gain Loss1 AvailableforsaleSecuritiesGrossUnrealizedGainLoss1	8463000	USD
	us-gaap	Availableforsale Securities Gross Unrealized Gain Loss1 AvailableforsaleSecuritiesGrossUnrealizedGainLoss1	28571000	USD
CY2017Q3	us-gaap	Availableforsale Securities Gross Unrealized Gain Loss1 AvailableforsaleSecuritiesGrossUnrealizedGainLoss1	3279000	USD
	us-gaap	Availableforsale Securities Gross Unrealized Gain Loss1 AvailableforsaleSecuritiesGrossUnrealizedGainLoss1	14389000	USD
	us-gaap	Business Acquisition Pro Forma Earnings Per Share Basic BusinessAcquisitionProFormaEarningsPerShareBasic	0.20
	us-gaap	Business Acquisition Pro Forma Earnings Per Share Basic BusinessAcquisitionProFormaEarningsPerShareBasic	-0.05
	us-gaap	Business Acquisitions Pro Forma Net Income Loss BusinessAcquisitionsProFormaNetIncomeLoss	19411000	USD
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	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	4964000	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	521766000	USD
CY2016Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2017Q3	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2017Q1	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.43
CY2017Q2	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.43
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CY2016Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
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CY2016Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000	shares
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CY2016Q4	us-gaap	Common Stock Value CommonStockValue	712000	USD
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	us-gaap	Costs And Expenses CostsAndExpenses	142597000	USD
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CY2016Q4	us-gaap	Deferred Costs Leasing Net DeferredCostsLeasingNet	21079000	USD
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CY2016Q4	us-gaap	Deferred Rent Receivables Net DeferredRentReceivablesNet	21686000	USD
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	us-gaap	Depreciation Depreciation	31611000	USD
	us-gaap	Depreciation Depreciation	35460000	USD
CY2016Q3	us-gaap	Depreciation And Amortization DepreciationAndAmortization	18404000	USD
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	us-gaap	Depreciation And Amortization DepreciationAndAmortization	61949000	USD
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CY2017Q1	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	30606000	USD
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	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	25676000	USD
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CY2016Q4	us-gaap	Escrow Deposit EscrowDeposit	0	USD
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CY2016Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	124848000	USD
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CY2016Q3	us-gaap	Gain Loss On Sale Of Properties Net Of Applicable Income Taxes GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes	79000	USD
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	us-gaap	Gain Loss On Sale Of Stock In Subsidiary Or Equity Method Investee GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee	72000	USD
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	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	104000	USD
CY2017Q3	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-1715000	USD
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-1715000	USD
CY2016Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	3816000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	11350000	USD
CY2017Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	3266000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	12314000	USD
CY2016Q3	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	0	USD
CY2017Q3	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	230000	USD
	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	230000	USD
CY2016Q3	us-gaap	Income Loss Before Gain Or Loss On Sale Of Properties Extraordinary Items And Cumulative Effects Of Accounting Changes IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges	11499000	USD
	us-gaap	Income Loss Before Gain Or Loss On Sale Of Properties Extraordinary Items And Cumulative Effects Of Accounting Changes IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges	45699000	USD
CY2017Q3	us-gaap	Income Loss Before Gain Or Loss On Sale Of Properties Extraordinary Items And Cumulative Effects Of Accounting Changes IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges	10989000	USD
	us-gaap	Income Loss Before Gain Or Loss On Sale Of Properties Extraordinary Items And Cumulative Effects Of Accounting Changes IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges	30081000	USD
CY2016Q3	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	11653000	USD
	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	46128000	USD
CY2017Q3	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	10527000	USD
	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	29908000	USD
CY2016Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	2998000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	18189000	USD
CY2017Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	1065000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	9169000	USD
CY2016Q3	us-gaap	Income Loss From Continuing Operations Per Basic And Diluted Share IncomeLossFromContinuingOperationsPerBasicAndDilutedShare	0.16
	us-gaap	Income Loss From Continuing Operations Per Basic And Diluted Share IncomeLossFromContinuingOperationsPerBasicAndDilutedShare	0.65
CY2017Q3	us-gaap	Income Loss From Continuing Operations Per Basic And Diluted Share IncomeLossFromContinuingOperationsPerBasicAndDilutedShare	0.11
	us-gaap	Income Loss From Continuing Operations Per Basic And Diluted Share IncomeLossFromContinuingOperationsPerBasicAndDilutedShare	0.37
CY2016Q3	us-gaap	Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity	-154000	USD
	us-gaap	Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity	-429000	USD
CY2017Q3	us-gaap	Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity	462000	USD
	us-gaap	Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity	173000	USD
CY2016Q3	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	8668000	USD
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	28002000	USD
CY2017Q3	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	9484000	USD
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	20804000	USD
CY2016Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	13000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	63000	USD
CY2017Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	22000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	65000	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	94000	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	100000	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-150000	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	6703000	USD
	us-gaap	Increase Decrease In Assets Held For Sale IncreaseDecreaseInAssetsHeldForSale	0	USD
	us-gaap	Increase Decrease In Assets Held For Sale IncreaseDecreaseInAssetsHeldForSale	619000	USD
	us-gaap	Increase Decrease In Deferred Leasing Fees IncreaseDecreaseInDeferredLeasingFees	7998000	USD
	us-gaap	Increase Decrease In Deferred Leasing Fees IncreaseDecreaseInDeferredLeasingFees	2846000	USD
	us-gaap	Increase Decrease In Due To Related Parties IncreaseDecreaseInDueToRelatedParties	1088000	USD
	us-gaap	Increase Decrease In Due To Related Parties IncreaseDecreaseInDueToRelatedParties	777000	USD
	us-gaap	Increase Decrease In Leasing Receivables IncreaseDecreaseInLeasingReceivables	126000	USD
	us-gaap	Increase Decrease In Leasing Receivables IncreaseDecreaseInLeasingReceivables	-3839000	USD
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	1466000	USD
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	7045000	USD
	us-gaap	Increase Decrease In Restricted Cash For Operating Activities IncreaseDecreaseInRestrictedCashForOperatingActivities	-508000	USD
	us-gaap	Increase Decrease In Restricted Cash For Operating Activities IncreaseDecreaseInRestrictedCashForOperatingActivities	-21000	USD
	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	328000	USD
CY2016Q3	us-gaap	Interest Expense InterestExpense	12608000	USD
	us-gaap	Interest Expense InterestExpense	32286000	USD
CY2017Q3	us-gaap	Interest Expense InterestExpense	16055000	USD
	us-gaap	Interest Expense InterestExpense	43599000	USD
	us-gaap	Interest Paid InterestPaid	32599000	USD
	us-gaap	Interest Paid InterestPaid	42019000	USD
CY2016Q3	us-gaap	Investment Income Interest InvestmentIncomeInterest	47000	USD
	us-gaap	Investment Income Interest InvestmentIncomeInterest	63000	USD
CY2017Q3	us-gaap	Investment Income Interest InvestmentIncomeInterest	1715000	USD
	us-gaap	Investment Income Interest InvestmentIncomeInterest	1843000	USD
CY2016Q4	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	1620905000	USD
CY2017Q3	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	1660379000	USD
CY2016Q4	us-gaap	Land Land	267855000	USD
CY2017Q3	us-gaap	Land Land	269332000	USD
CY2016Q4	us-gaap	Liabilities Liabilities	1450062000	USD
CY2017Q3	us-gaap	Liabilities Liabilities	2159440000	USD
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CY2017Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	3536967000	USD
CY2016Q4	us-gaap	Liabilities Of Disposal Group Including Discontinued Operation LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation	45000	USD
CY2017Q3	us-gaap	Liabilities Of Disposal Group Including Discontinued Operation LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation	0	USD
CY2016Q4	us-gaap	Line Of Credit LineOfCredit	160000000	USD
CY2017Q3	us-gaap	Line Of Credit LineOfCredit	565000000	USD
CY2017Q3	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	2500000000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	8138000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	1090358000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-94848000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-662318000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	91674000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	93726000	USD
CY2016Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	11578000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	45778000	USD
CY2017Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	10989000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	30081000	USD
	us-gaap	Noncash Or Part Noncash Acquisition Accounts Receivable Acquired1 NoncashOrPartNoncashAcquisitionAccountsReceivableAcquired1	3600000	USD
	us-gaap	Noncash Or Part Noncash Acquisition Accounts Receivable Acquired1 NoncashOrPartNoncashAcquisitionAccountsReceivableAcquired1	0	USD
	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	2	segment
CY2017Q3	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	74	property
CY2016Q4	us-gaap	Off Market Lease Unfavorable OffMarketLeaseUnfavorable	10626000	USD
CY2017Q3	us-gaap	Off Market Lease Unfavorable OffMarketLeaseUnfavorable	8832000	USD
CY2016Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	15183000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	49553000	USD
CY2017Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	16765000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	51657000	USD
CY2016Q4	us-gaap	Other Assets OtherAssets	68005000	USD
CY2017Q3	us-gaap	Other Assets OtherAssets	89484000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	11736000	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	38994000	USD
CY2017Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	4630000	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	20023000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Other Net Of Tax OtherComprehensiveIncomeOtherNetOfTax	3273000	USD
	us-gaap	Other Comprehensive Income Other Net Of Tax OtherComprehensiveIncomeOtherNetOfTax	10423000	USD
CY2017Q3	us-gaap	Other Comprehensive Income Other Net Of Tax OtherComprehensiveIncomeOtherNetOfTax	1351000	USD
	us-gaap	Other Comprehensive Income Other Net Of Tax OtherComprehensiveIncomeOtherNetOfTax	5634000	USD
CY2016Q3	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	13854000	USD
	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	40031000	USD
CY2017Q3	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	14867000	USD
	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	44046000	USD
CY2016Q3	us-gaap	Other Interest And Dividend Income OtherInterestAndDividendIncome	304000	USD
	us-gaap	Other Interest And Dividend Income OtherInterestAndDividendIncome	667000	USD
CY2017Q3	us-gaap	Other Interest And Dividend Income OtherInterestAndDividendIncome	304000	USD
	us-gaap	Other Interest And Dividend Income OtherInterestAndDividendIncome	911000	USD
CY2016Q4	us-gaap	Other Liabilities OtherLiabilities	54019000	USD
CY2017Q3	us-gaap	Other Liabilities OtherLiabilities	63525000	USD
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-500000	USD
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-352000	USD
	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	23357000	USD
	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	29377000	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	312000	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	255000	USD
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	91759000	USD
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	102576000	USD
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	464000	USD
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	2551000	USD
	us-gaap	Payments To Acquire And Develop Real Estate PaymentsToAcquireAndDevelopRealEstate	83705000	USD
	us-gaap	Payments To Acquire And Develop Real Estate PaymentsToAcquireAndDevelopRealEstate	666202000	USD
	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	11951000	USD
	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	20063000	USD
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	0	USD
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	493936000	USD
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	300235000	USD
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	297954000	USD
	us-gaap	Proceeds From Long Term Lines Of Credit ProceedsFromLongTermLinesOfCredit	254000000	USD
	us-gaap	Proceeds From Long Term Lines Of Credit ProceedsFromLongTermLinesOfCredit	610000000	USD
	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	263000	USD
	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	13198000	USD
CY2016Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	296804000	USD
CY2017Q3	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	331069000	USD
CY2016Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	1888760000	USD
CY2017Q3	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	1929711000	USD
CY2016Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	1591956000	USD
CY2017Q3	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	1598642000	USD
CY2016Q3	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	64478000	USD
	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	192150000	USD
CY2017Q3	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	70179000	USD
	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	209362000	USD
CY2016Q3	us-gaap	Real Estate Tax Expense RealEstateTaxExpense	7591000	USD
	us-gaap	Real Estate Tax Expense RealEstateTaxExpense	22810000	USD
CY2017Q3	us-gaap	Real Estate Tax Expense RealEstateTaxExpense	8862000	USD
	us-gaap	Real Estate Tax Expense RealEstateTaxExpense	24980000	USD
	us-gaap	Repayments Of Long Term Lines Of Credit RepaymentsOfLongTermLinesOfCredit	346000000	USD
	us-gaap	Repayments Of Long Term Lines Of Credit RepaymentsOfLongTermLinesOfCredit	205000000	USD
	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	107562000	USD
	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	1150000	USD
CY2016Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	530000	USD
CY2017Q3	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	509000	USD
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	96329000	USD
CY2017Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	126410000	USD
CY2017Q3	us-gaap	Sale Of Stock Consideration Received On Transaction SaleOfStockConsiderationReceivedOnTransaction	493936000	USD
CY2016Q4	us-gaap	Secured Debt SecuredDebt	27837000	USD
CY2017Q3	us-gaap	Secured Debt SecuredDebt	26561000	USD
CY2016Q4	us-gaap	Senior Notes SeniorNotes	646844000	USD
CY2017Q3	us-gaap	Senior Notes SeniorNotes	943543000	USD
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	935004000	USD
CY2017Q3	us-gaap	Stockholders Equity StockholdersEquity	1377527000	USD
CY2016Q3	us-gaap	Straight Line Rent StraightLineRent	1205000	USD
	us-gaap	Straight Line Rent StraightLineRent	1789000	USD
CY2017Q3	us-gaap	Straight Line Rent StraightLineRent	711000	USD
	us-gaap	Straight Line Rent StraightLineRent	3115000	USD
CY2016Q4	us-gaap	Unsecured Debt UnsecuredDebt	547171000	USD
CY2017Q3	us-gaap	Unsecured Debt UnsecuredDebt	547682000	USD
CY2016Q3	us-gaap	Utilities Costs UtilitiesCosts	5483000	USD
	us-gaap	Utilities Costs UtilitiesCosts	13330000	USD
CY2017Q3	us-gaap	Utilities Costs UtilitiesCosts	5408000	USD
	us-gaap	Utilities Costs UtilitiesCosts	14186000	USD
CY2016Q3	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	30000	shares
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	23000	shares
CY2017Q3	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	75000	shares
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	74000	shares
CY2016Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	71084000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	71064000	shares
CY2017Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	96958000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	79852000	shares
CY2016Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	71054000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	71041000	shares
CY2017Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	96883000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	79778000	shares
	us-gaap	Description Of New Accounting Pronouncements Not Yet Adopted DescriptionOfNewAccountingPronouncementsNotYetAdopted	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"></font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Recent Accounting Pronouncements</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On January 1, 2017, we adopted the Financial Accounting Standards Board, or FASB, Accounting Standards Update, or ASU, No. 2017-01, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Clarifying the Definition of a Business</font><font style="font-family:inherit;font-size:10pt;">, which provides additional guidance on evaluating whether</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> </font><font style="font-family:inherit;font-size:10pt;">a</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> </font><font style="font-family:inherit;font-size:10pt;">transaction should be accounted for as an acquisition (or disposal) of assets or of a business. This update defines three requirements for a set of assets and</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> </font><font style="font-family:inherit;font-size:10pt;">activities (collectively referred to as a “set”) to be considered a business: inputs, processes and outputs. As a result of the implementation of this update, certain property acquisitions, which under previous guidance were accounted for</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> </font><font style="font-family:inherit;font-size:10pt;">as business combinations, are now accounted for as acquisitions of assets. In an acquisition of assets, certain acquisition costs are capitalized as opposed to expensed</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> </font><font style="font-family:inherit;font-size:10pt;">under the previous guidance.</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On January 1, 2017, we adopted FASB ASU No. 2016-09, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Compensation - Stock Compensation</font><font style="font-family:inherit;font-size:10pt;">, which identifies areas for simplification involving several aspects of accounting for share based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, an option to recognize gross stock compensation expense with actual forfeitures recognized as they occur, as well as certain classifications on the condensed statement of cash flows. The adoption of ASU No. 2016-09 did not have a material impact in our condensed consolidated financial statements.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2014, the FASB issued ASU No. 2014-09, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue From Contracts With Customers</font><font style="font-family:inherit;font-size:10pt;">, which outlines a comprehensive model for</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> </font><font style="font-family:inherit;font-size:10pt;">entities to use in accounting for revenue arising from contracts with customers. ASU No. 2014-09 states that “an entity recognizes revenue to depict the transfer of</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> </font><font style="font-family:inherit;font-size:10pt;">promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> </font><font style="font-family:inherit;font-size:10pt;">services.” While ASU No. 2014-09 specifically references contracts with customers, it may apply to certain other transactions such as the sale of real estate or</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> </font><font style="font-family:inherit;font-size:10pt;">equipment. In August 2015, the FASB provided for a one-year deferral of the effective date for ASU No. 2014-09, which is now effective for us beginning January 1,</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> </font><font style="font-family:inherit;font-size:10pt;">2018. A substantial portion of our revenue consists of rental income from leasing arrangements, which is specifically excluded from ASU No. 2014-09. We are</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> </font><font style="font-family:inherit;font-size:10pt;">continuing to evaluate ASU No. 2014-09 (and related clarifying guidance issued by the FASB); however, we do not expect its adoption to have a significant impact on the amount or timing of our revenue recognition in our consolidated financial statements with the exception of profit recognition on real estate sales. We</font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;"> </font><font style="font-family:inherit;font-size:10pt;">currently have recorded a deferred gain on sale of real estate of </font><font style="font-family:inherit;font-size:10pt;">$712</font><font style="font-family:inherit;font-size:10pt;"> that under current guidance would be recognized upon repayment of a promissory note we received in connection with the sale but will be recognized in its entirety upon adoption of ASU No. 2014-09. We currently expect to adopt the standard using the modified retrospective approach.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In January 2016, the FASB issued ASU No. 2016-01, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Recognition and Measurement of Financial Assets and Financial Liabilities</font><font style="font-family:inherit;font-size:10pt;">, which changes how</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> </font><font style="font-family:inherit;font-size:10pt;">entities measure certain equity investments and present changes in the fair value of financial liabilities measured under the fair value option that are attributable to their own credit. This update is effective for interim and annual periods beginning after December 15, 2017, with early adoption permitted subject to certain conditions. Currently, changes in fair value of these investments are recorded through other comprehensive income. ASU No. 2016-01 states that these changes will be recorded through earnings. We are continuing to evaluate this guidance, but we expect the implementation of this guidance will affect how changes in the fair value of available for sale securities we hold are presented in our condensed consolidated financial statements.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2016, the FASB issued ASU No. 2016-02, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Leases</font><font style="font-family:inherit;font-size:10pt;">, which sets out the principles for the recognition, measurement, presentation and</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> </font><font style="font-family:inherit;font-size:10pt;">disclosure of leases for both parties to a contract (i.e., lessees and lessors). ASU No. 2016-02 requires lessees to apply a dual approach, classifying leases as either</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> </font><font style="font-family:inherit;font-size:10pt;">finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase of the leased asset by the lessee. This classification</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> </font><font style="font-family:inherit;font-size:10pt;">will determine whether the lease expense is recognized based on an effective interest method or on a straight line basis over the term of the lease. A lessee is also</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> </font><font style="font-family:inherit;font-size:10pt;">required to record a right of use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. Leases with a term</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> </font><font style="font-family:inherit;font-size:10pt;">of 12 months or less will be accounted for similar to existing guidance for operating leases today. The new standard requires lessors to account for leases using an</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> </font><font style="font-family:inherit;font-size:10pt;">approach that is substantially equivalent to existing guidance for sales type leases, direct financing leases and operating leases. ASU No. 2016-02 is effective for</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> </font><font style="font-family:inherit;font-size:10pt;">reporting periods beginning after December 15, 2018, with early adoption permitted. We are currently assessing the potential impact the adoption of ASU No.</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> </font><font style="font-family:inherit;font-size:10pt;">2016-02 will have in our condensed consolidated financial statements.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In June 2016, the FASB issued ASU No. 2016-13, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments</font><font style="font-family:inherit;font-size:10pt;">, which requires that entities use a new forward looking “expected loss” model that generally will result in the earlier recognition of allowance for credit losses. The measurement of expected credit losses is based upon historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount. ASU No. 2016-13 is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. We are currently assessing the potential impact the adoption of ASU No. 2016-13 will have in our condensed consolidated financial statements.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In August 2016, the FASB issued ASU No. 2016-15, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments</font><font style="font-family:inherit;font-size:10pt;">, which clarifies how companies present and classify certain cash receipts and cash payments in the statement of cash flows. ASU No. 2016-15 is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. We do not expect this guidance to have a material impact in our condensed consolidated financial statements and related disclosures.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In November 2016, the FASB issued ASU No. 2016-18, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Restricted Cash</font><font style="font-family:inherit;font-size:10pt;">, which clarifies how companies should present restricted cash and restricted cash equivalents. Companies will show the changes in the total of cash, cash equivalents, restricted cash and restricted cash equivalents in the statement of cash flows. The new standard requires a reconciliation of the totals in the statement of cash flows to the related captions in the balance sheets. ASU No. 2016-18 is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Upon the adoption of ASU No. 2016-18, we will reconcile both cash and cash equivalents and restricted cash and restricted cash equivalents, whereas under the current guidance we explain the changes during the period for cash and cash equivalents only.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2017, the FASB issued ASU No. 2017-09, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Scope of Modification Accounting</font><font style="font-family:inherit;font-size:10pt;">, which clarifies which changes to the terms or conditions of a share based payment award are subject to the guidance on modification accounting under ASC 718. Entities would apply the modification accounting guidance unless the value, vesting requirements and classification of a share based payment award are the same immediately before and after a change to the terms or conditions of the award. ASU No. 2017-09 is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. We are continuing to evaluate ASU No. 2017-09; however, we do not expect its adoption to have a material impact in our condensed consolidated financial statements.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div>

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2017 Q4 Form 10-Q Financial Statement

#000145677217000040 Filed on October 31, 2017

Income Statement

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$OPI OFFICE PROPERTIES INCOME TRUST Stock $opi

2017 Q4 Form 10-Q Financial Statement

#000145677217000040 Filed on October 31, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$OPI
OFFICE PROPERTIES INCOME TRUST Stock $opi