$OPI
OFFICE PROPERTIES INCOME TRUST Stock $opi

$opi Overview Financials Valuation SEC Filings Company Website

2018 Q4 Form 10-Q Financial Statement

#000145677218000039 Filed on November 01, 2018

Income Statement

Concept	2018 Q4	2018 Q3	2017 Q3
Revenue	$103.7M	$106.1M	$70.18M
YoY Change	-3.28%	51.19%	8.84%
Cost Of Revenue	$35.70M	$33.90M	$23.70M
YoY Change	4.08%	43.04%	10.75%
Gross Profit	$68.00M	$72.20M	$46.50M
YoY Change	-6.72%	55.27%	8.14%
Gross Profit Margin	65.6%	68.05%	66.26%
Selling, General & Admin	-$5.600M	$30.20M	$8.700M
YoY Change	-142.11%	247.13%	-6.45%
% of Gross Profit	-8.24%	41.83%	18.71%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$32.50M	$42.30M	$20.50M
YoY Change	-31.58%	106.34%	13.89%
% of Gross Profit	47.79%	58.59%	44.09%
Operating Expenses	$27.50M	$72.70M	$29.50M
YoY Change	-54.84%	146.44%	6.12%
Operating Profit	$40.50M	-$4.303M	$16.77M
YoY Change	237.5%	-125.67%	10.42%
Interest Expense	-$68.00M	$23.37M	$16.06M
YoY Change	217.76%	45.59%	27.34%
% of Operating Profit	-167.9%		95.76%
Other Income/Expense, Net
YoY Change
Pretax Income	-$21.10M	-$9.808M	$1.014M
YoY Change	12.83%	-1067.26%	-66.18%
Income Tax	$0.00	$9.000K	$22.00K
% Of Pretax Income			2.17%
Net Earnings	-$40.40M	-$449.0K	$10.99M
YoY Change	124.44%	-104.09%	-5.27%
Net Earnings / Revenue	-38.98%	-0.42%	15.66%
Basic Earnings Per Share
Diluted Earnings Per Share	-$1.616M	-$16.13K	$454.5K
COMMON SHARES
Basic Shares Outstanding	99.21M shares	24.77M shares	96.88M shares
Diluted Shares Outstanding		24.77M shares	96.96M shares

Balance Sheet

Concept	2018 Q4	2018 Q3	2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$35.30M	$9.600M	$551.7M
YoY Change	112.65%	-98.26%	3927.01%
Cash & Equivalents	$35.35M	$9.644M	$551.7M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables	$72.10M	$55.30M	$47.50M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$107.4M	$64.90M	$599.2M
YoY Change	37.69%	-89.17%	849.6%
LONG-TERM ASSETS
Property, Plant & Equipment	$4.626B	$2.352B	$1.699B
YoY Change	54.94%	38.44%	5.67%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$43.70M	$498.4M	$475.3M
YoY Change	-90.65%	4.87%	-3.4%
Other Assets	$282.8M	$433.2M	$22.80M
YoY Change	983.52%	1800.0%	-30.91%
Total Long-Term Assets	$5.131B	$3.420B	$2.938B
YoY Change	41.53%	16.4%	33.42%
TOTAL ASSETS
Total Short-Term Assets	$107.4M	$64.90M	$599.2M
Total Long-Term Assets	$5.131B	$3.420B	$2.938B
Total Assets	$5.239B	$3.484B	$3.537B
YoY Change	41.45%	-1.49%	56.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$145.5M	$64.90M	$63.50M
YoY Change	62.75%	2.2%	21.65%
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	$180.4M	$88.20M	$67.80M
YoY Change	91.3%	30.09%	20.64%
LONG-TERM LIABILITIES
Long-Term Debt	$3.255B	$2.138B	$2.083B
YoY Change	43.67%	2.66%	67.05%
Other Long-Term Liabilities	$24.30M	$18.80M	$8.800M
YoY Change	78.68%	113.64%	-22.12%
Total Long-Term Liabilities	$3.279B	$2.157B	$2.092B
YoY Change	43.88%	3.12%	66.25%
TOTAL LIABILITIES
Total Short-Term Liabilities	$180.4M	$88.20M	$67.80M
Total Long-Term Liabilities	$3.279B	$2.157B	$2.092B
Total Liabilities	$3.460B	$2.245B	$2.159B
YoY Change	47.03%	3.97%	64.3%
SHAREHOLDERS EQUITY
Retained Earnings	$146.9M	$204.6M	$126.4M
YoY Change	35.82%	61.84%	50.02%
Common Stock	$2.610B	$1.970B	$1.969B
YoY Change	32.55%	0.05%	33.57%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.779B	$1.239B	$1.378B
YoY Change
Total Liabilities & Shareholders Equity	$5.239B	$3.484B	$3.537B
YoY Change	41.45%	-1.49%	56.15%

Cashflow Statement

Concept	2018 Q4	2018 Q3	2017 Q3
OPERATING ACTIVITIES
Net Income	-$40.40M	-$449.0K	$10.99M
YoY Change	124.44%	-104.09%	-5.27%
Depreciation, Depletion And Amortization	$32.50M	$42.30M	$20.50M
YoY Change	-31.58%	106.34%	13.89%
Cash From Operating Activities	$24.70M	$26.70M	$26.10M
YoY Change	-40.77%	2.3%	32.49%
INVESTING ACTIVITIES
Capital Expenditures	-$14.90M	-$11.30M	-$661.0M
YoY Change	-97.23%	-98.29%	4724.82%
Acquisitions
YoY Change
Other Investing Activities	$626.7M	$4.300M	$16.50M
YoY Change	4474.45%	-73.94%	230.0%
Cash From Investing Activities	$611.8M	-$7.000M	-$644.5M
YoY Change	-216.84%	-98.91%	7482.35%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-609.6M	-28.70M	1.157B
YoY Change	1104.74%	-102.48%	-18184.38%
NET CHANGE
Cash From Operating Activities	24.70M	26.70M	26.10M
Cash From Investing Activities	611.8M	-7.000M	-644.5M
Cash From Financing Activities	-609.6M	-28.70M	1.157B
Net Change In Cash	26.90M	-9.000M	539.0M
YoY Change	-105.05%	-101.67%	11129.17%
FREE CASH FLOW
Cash From Operating Activities	$24.70M	$26.70M	$26.10M
Capital Expenditures	-$14.90M	-$11.30M	-$661.0M
Free Cash Flow	$39.60M	$38.00M	$687.1M
YoY Change	-93.16%	-94.47%	1957.19%

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	2018
	dei	Document Period End Date DocumentPeriodEndDate	2018-09-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0001456772
	dei	Entity Small Business EntitySmallBusiness	false
CY2018Q3	gov	Aggregate Net Book Value Of Real Estate Properties Collateralized AggregateNetBookValueOfRealEstatePropertiesCollateralized	417842000	USD
CY2018Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	99205199	shares
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
	dei	Entity Registrant Name EntityRegistrantName	Government Properties Income Trust
CY2018Q3	gov	Aggregate Principal Amount Of Real Estate Properties Collateralized AggregatePrincipalAmountOfRealEstatePropertiesCollateralized	180416000	USD
CY2017Q4	gov	Allowance For Doubtful Accounts Receivable Deferred Rent Receivables AllowanceForDoubtfulAccountsReceivableDeferredRentReceivables	1503000	USD
CY2018Q3	gov	Allowance For Doubtful Accounts Receivable Deferred Rent Receivables AllowanceForDoubtfulAccountsReceivableDeferredRentReceivables	1755000	USD
CY2018Q3	gov	Allowance For Doubtful Accounts Receivable Deferred Rent Receivables Properties Held For Sale AllowanceForDoubtfulAccountsReceivableDeferredRentReceivablesPropertiesHeldForSale	976000	USD
CY2018Q3	gov	Available For Sale Securities Common Shares Owned AvailableForSaleSecuritiesCommonSharesOwned	1214225	shares
CY2017Q4	gov	Cumulative Common Stock Distributions CumulativeCommonStockDistributions	807736000	USD
CY2018Q3	gov	Cumulative Common Stock Distributions CumulativeCommonStockDistributions	935643000	USD
CY2018Q3	gov	Deferred Rent Receivables Properties Held For Sale DeferredRentReceivablesPropertiesHeldForSale	1819000	USD
	gov	Disposal Group Including Discontinued Operation Increase In Carrying Value Of Asset Held For Sale DisposalGroupIncludingDiscontinuedOperationIncreaseInCarryingValueOfAssetHeldForSale	619000	USD
	gov	Disposal Group Including Discontinued Operation Increase In Carrying Value Of Asset Held For Sale DisposalGroupIncludingDiscontinuedOperationIncreaseInCarryingValueOfAssetHeldForSale	0	USD
CY2017Q4	gov	Disposal Group Including Discontinued Operations Equity Method Investments DisposalGroupIncludingDiscontinuedOperationsEquityMethodInvestments	467499000	USD
CY2018Q3	gov	Disposal Group Including Discontinued Operations Equity Method Investments DisposalGroupIncludingDiscontinuedOperationsEquityMethodInvestments	453275000	USD
CY2018Q3	gov	Historical Cost HistoricalCost	26888000	USD
CY2017Q4	gov	Liabilities Held For Sale Property LiabilitiesHeldForSaleProperty	0	USD
CY2018Q3	gov	Liabilities Held For Sale Property LiabilitiesHeldForSaleProperty	9998000	USD
	gov	Mortgage Loans On Real Estate Assumed In Acquisitions Number Of Loans MortgageLoansOnRealEstateAssumedInAcquisitionsNumberOfLoans	8
	gov	Noncontrolling Interest Number Of Buildings NoncontrollingInterestNumberOfBuildings	3	building
	gov	Noncontrolling Interest Number Of Properties NoncontrollingInterestNumberOfProperties	2	property
CY2018Q3	gov	Number Of Buildings NumberOfBuildings	164	building
CY2018Q3	gov	Number Of Buildings Collateralized NumberOfBuildingsCollateralized	8	building
	gov	Number Of Joint Ventures NumberOfJointVentures	2	joint_venture
CY2018Q3	gov	Number Of Operating Lease Executed NumberOfOperatingLeaseExecuted	24	lease
	gov	Number Of Operating Lease Executed NumberOfOperatingLeaseExecuted	94	lease
CY2018Q3	gov	Number Of Other Governments NumberOfOtherGovernments	3	government_tenant
CY2018Q3	gov	Number Of Real Estate Properties Collateralized NumberOfRealEstatePropertiesCollateralized	8	property
CY2018Q3	gov	Number Of State Governments NumberOfStateGovernments	13	state_government
CY2018Q3	gov	Number Of States In Which Real Estate Properties Held NumberOfStatesInWhichRealEstatePropertiesHeld	30	state
CY2018Q3	gov	Operating Leases Committed Expenditures On Leases Executed In Period OperatingLeasesCommittedExpendituresOnLeasesExecutedInPeriod	6479000	USD
	gov	Operating Leases Committed Expenditures On Leases Executed In Period OperatingLeasesCommittedExpendituresOnLeasesExecutedInPeriod	21287000	USD
CY2018Q3	gov	Operating Leases Committed Expenditures On Leases Executed In Period Area Of Leased Property OperatingLeasesCommittedExpendituresOnLeasesExecutedInPeriodAreaOfLeasedProperty	182220	sqft
	gov	Operating Leases Committed Expenditures On Leases Executed In Period Area Of Leased Property OperatingLeasesCommittedExpendituresOnLeasesExecutedInPeriodAreaOfLeasedProperty	858998	sqft
CY2018Q3	gov	Operating Leases Committed Expenditures On Leases Executed In Period Committed But Unspent Tenant Related Obligations OperatingLeasesCommittedExpendituresOnLeasesExecutedInPeriodCommittedButUnspentTenantRelatedObligations	34048000	USD
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	gov	Operating Leases Weighted Average Lease Term OperatingLeasesWeightedAverageLeaseTerm	P6Y5M
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	gov	Other Comprehensive Income Unrealized Gain Loss On Equity Method Investments Netof Tax OtherComprehensiveIncomeUnrealizedGainLossOnEquityMethodInvestmentsNetofTax	5634000	USD
CY2018Q3	gov	Other Comprehensive Income Unrealized Gain Loss On Equity Method Investments Netof Tax OtherComprehensiveIncomeUnrealizedGainLossOnEquityMethodInvestmentsNetofTax	126000	USD
	gov	Other Comprehensive Income Unrealized Gain Loss On Equity Method Investments Netof Tax OtherComprehensiveIncomeUnrealizedGainLossOnEquityMethodInvestmentsNetofTax	119000	USD
	gov	Straight Line Rent Continuing And Discontinued Operations StraightLineRentContinuingAndDiscontinuedOperations	3115000	USD
	gov	Straight Line Rent Continuing And Discontinued Operations StraightLineRentContinuingAndDiscontinuedOperations	7825000	USD
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	us-gaap	Business Acquisitions Pro Forma Net Income Loss BusinessAcquisitionsProFormaNetIncomeLoss	-4733000	USD
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	us-gaap	Gain Loss On Sale Of Properties Net Of Applicable Income Taxes GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes	0	USD
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	us-gaap	Gain Loss On Sale Of Stock In Subsidiary Or Equity Method Investee GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee	72000	USD
	us-gaap	Gain Loss On Sale Of Stock In Subsidiary Or Equity Method Investee GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee	29000	USD
CY2017Q3	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-1715000	USD
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-1715000	USD
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CY2017Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	3266000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	12314000	USD
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	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	36438000	USD
CY2017Q3	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	230000	USD
	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	230000	USD
CY2018Q3	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	0	USD
	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	5800000	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
CY2018Q3	us-gaap	Income Loss Before Gain Or Loss On Sale Of Properties Extraordinary Items And Cumulative Effects Of Accounting Changes IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges	-449000	USD
	us-gaap	Income Loss Before Gain Or Loss On Sale Of Properties Extraordinary Items And Cumulative Effects Of Accounting Changes IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges	18482000	USD
CY2017Q3	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	1023000	USD
	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	9565000	USD
CY2018Q3	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	-9723000	USD
	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	-5390000	USD
CY2017Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	1014000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	9097000	USD
CY2018Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-9808000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-4154000	USD
CY2017Q3	us-gaap	Income Loss From Continuing Operations Per Basic And Diluted Share IncomeLossFromContinuingOperationsPerBasicAndDilutedShare	0.01
	us-gaap	Income Loss From Continuing Operations Per Basic And Diluted Share IncomeLossFromContinuingOperationsPerBasicAndDilutedShare	0.12
CY2018Q3	us-gaap	Income Loss From Continuing Operations Per Basic And Diluted Share IncomeLossFromContinuingOperationsPerBasicAndDilutedShare	-0.10
	us-gaap	Income Loss From Continuing Operations Per Basic And Diluted Share IncomeLossFromContinuingOperationsPerBasicAndDilutedShare	0.12
CY2017Q3	us-gaap	Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity	9966000	USD
	us-gaap	Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity	20516000	USD
CY2018Q3	us-gaap	Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity	9274000	USD
	us-gaap	Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity	23872000	USD
CY2017Q3	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	31000	USD
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	533000	USD
CY2018Q3	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	94000	USD
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-1112000	USD
CY2017Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	22000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	65000	USD
CY2018Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	9000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	124000	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	100000	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	44000	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	6703000	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-10361000	USD
	us-gaap	Increase Decrease In Deferred Leasing Fees IncreaseDecreaseInDeferredLeasingFees	2846000	USD
	us-gaap	Increase Decrease In Deferred Leasing Fees IncreaseDecreaseInDeferredLeasingFees	5937000	USD
	us-gaap	Increase Decrease In Due To Related Parties IncreaseDecreaseInDueToRelatedParties	777000	USD
	us-gaap	Increase Decrease In Due To Related Parties IncreaseDecreaseInDueToRelatedParties	18441000	USD
	us-gaap	Increase Decrease In Leasing Receivables IncreaseDecreaseInLeasingReceivables	-3839000	USD
	us-gaap	Increase Decrease In Leasing Receivables IncreaseDecreaseInLeasingReceivables	-7535000	USD
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	7045000	USD
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	1393000	USD
CY2017Q3	us-gaap	Interest Expense InterestExpense	16055000	USD
	us-gaap	Interest Expense InterestExpense	43599000	USD
CY2018Q3	us-gaap	Interest Expense InterestExpense	23374000	USD
	us-gaap	Interest Expense InterestExpense	69444000	USD
	us-gaap	Interest Paid InterestPaid	42019000	USD
	us-gaap	Interest Paid InterestPaid	72651000	USD
CY2017Q4	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	2348613000	USD
CY2018Q3	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	2050365000	USD
CY2017Q3	us-gaap	Investment Income Interest InvestmentIncomeInterest	1715000	USD
	us-gaap	Investment Income Interest InvestmentIncomeInterest	1843000	USD
CY2018Q3	us-gaap	Investment Income Interest InvestmentIncomeInterest	140000	USD
	us-gaap	Investment Income Interest InvestmentIncomeInterest	405000	USD
CY2017Q4	us-gaap	Land Land	627108000	USD
CY2018Q3	us-gaap	Land Land	448714000	USD
CY2017Q4	us-gaap	Liabilities Liabilities	2353026000	USD
CY2018Q3	us-gaap	Liabilities Liabilities	2245064000	USD
CY2017Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	3703565000	USD
CY2018Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	3484425000	USD
CY2017Q4	us-gaap	Line Of Credit LineOfCredit	570000000	USD
CY2018Q3	us-gaap	Line Of Credit LineOfCredit	467000000	USD
CY2018Q3	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	2500000000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	1090358000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-254738000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-664527000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	126891000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	95914000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	120165000	USD
CY2017Q3	us-gaap	Net Income Loss NetIncomeLoss	10989000	USD
	us-gaap	Net Income Loss NetIncomeLoss	30081000	USD
CY2018Q3	us-gaap	Net Income Loss NetIncomeLoss	-449000	USD
	us-gaap	Net Income Loss NetIncomeLoss	35811000	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	Operating Income Loss OperatingIncomeLoss	23296000	USD
CY2018Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-449000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	35440000	USD
	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	1	segment
CY2018Q3	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	105	property
CY2017Q4	us-gaap	Off Market Lease Unfavorable OffMarketLeaseUnfavorable	13635000	USD
CY2018Q3	us-gaap	Off Market Lease Unfavorable OffMarketLeaseUnfavorable	8759000	USD
CY2017Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	16765000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	51657000	USD
CY2018Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-4303000	USD
CY2017Q3	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	70179000	USD
	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	209362000	USD
CY2018Q3	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	106102000	USD
	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	322904000	USD
CY2017Q4	us-gaap	Other Assets OtherAssets	96033000	USD
CY2018Q3	us-gaap	Other Assets OtherAssets	136360000	USD
CY2017Q3	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax	3279000	USD
	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax	14389000	USD
CY2018Q3	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax	0	USD
	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax	0	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
CY2018Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	126000	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	119000	USD
CY2017Q3	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	14867000	USD
	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	44046000	USD
CY2018Q3	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	21785000	USD
	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	66221000	USD
CY2017Q3	us-gaap	Other Interest And Dividend Income OtherInterestAndDividendIncome	304000	USD
	us-gaap	Other Interest And Dividend Income OtherInterestAndDividendIncome	911000	USD
CY2018Q3	us-gaap	Other Interest And Dividend Income OtherInterestAndDividendIncome	304000	USD
	us-gaap	Other Interest And Dividend Income OtherInterestAndDividendIncome	912000	USD
CY2017Q4	us-gaap	Other Liabilities OtherLiabilities	89440000	USD
CY2018Q3	us-gaap	Other Liabilities OtherLiabilities	64868000	USD
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-352000	USD
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-189000	USD
	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	29377000	USD
	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	32625000	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	255000	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	232000	USD
	us-gaap	Payments For Repurchase Of Preferred Stock And Preference Stock PaymentsForRepurchaseOfPreferredStockAndPreferenceStock	0	USD
	us-gaap	Payments For Repurchase Of Preferred Stock And Preference Stock PaymentsForRepurchaseOfPreferredStockAndPreferenceStock	20221000	USD
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	102576000	USD
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	127907000	USD
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	2551000	USD
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	0	USD
	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	666202000	USD
	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	0	USD
CY2017Q3	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	0	USD
	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	0	USD
CY2018Q3	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	0	USD
	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	371000	USD
	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	17854000	USD
	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	14281000	USD
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	493936000	USD
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	0	USD
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	297954000	USD
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	0	USD
	us-gaap	Proceeds From Long Term Lines Of Credit ProceedsFromLongTermLinesOfCredit	610000000	USD
	us-gaap	Proceeds From Long Term Lines Of Credit ProceedsFromLongTermLinesOfCredit	95000000	USD
	us-gaap	Proceeds From Real Estate And Real Estate Joint Ventures ProceedsFromRealEstateAndRealEstateJointVentures	0	USD
	us-gaap	Proceeds From Real Estate And Real Estate Joint Ventures ProceedsFromRealEstateAndRealEstateJointVentures	3046000	USD
	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	13198000	USD
	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	142189000	USD
CY2017Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	341848000	USD
CY2018Q3	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	363490000	USD
CY2017Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	2975721000	USD
CY2018Q3	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	2499079000	USD
CY2017Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	2633873000	USD
CY2018Q3	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	2135589000	USD
CY2017Q4	us-gaap	Real Estate Investments Joint Ventures RealEstateInvestmentsJointVentures	50202000	USD
CY2018Q3	us-gaap	Real Estate Investments Joint Ventures RealEstateInvestmentsJointVentures	45161000	USD
CY2017Q3	us-gaap	Real Estate Tax Expense RealEstateTaxExpense	8862000	USD
	us-gaap	Real Estate Tax Expense RealEstateTaxExpense	24980000	USD
CY2018Q3	us-gaap	Real Estate Tax Expense RealEstateTaxExpense	12072000	USD
	us-gaap	Real Estate Tax Expense RealEstateTaxExpense	37402000	USD
	us-gaap	Repayments Of Long Term Lines Of Credit RepaymentsOfLongTermLinesOfCredit	205000000	USD
	us-gaap	Repayments Of Long Term Lines Of Credit RepaymentsOfLongTermLinesOfCredit	198000000	USD
	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	1150000	USD
	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	2732000	USD
CY2017Q3	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	509000	USD
CY2017Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	3111000	USD
CY2018Q3	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	2354000	USD
CY2017Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	108144000	USD
CY2018Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	204579000	USD
CY2017Q4	us-gaap	Secured Debt SecuredDebt	183100000	USD
CY2018Q3	us-gaap	Secured Debt SecuredDebt	176828000	USD
CY2017Q4	us-gaap	Senior Notes SeniorNotes	944140000	USD
CY2018Q3	us-gaap	Senior Notes SeniorNotes	945948000	USD
CY2017Q4	us-gaap	Stockholders Equity StockholdersEquity	1330043000	USD
CY2018Q3	us-gaap	Stockholders Equity StockholdersEquity	1239361000	USD
CY2018Q3	us-gaap	Stockholders Equity Note Stock Split Conversion Ratio1 StockholdersEquityNoteStockSplitConversionRatio1	0.25
CY2017Q3	us-gaap	Straight Line Rent StraightLineRent	711000	USD
	us-gaap	Straight Line Rent StraightLineRent	3115000	USD
CY2018Q3	us-gaap	Straight Line Rent StraightLineRent	1990000	USD
	us-gaap	Straight Line Rent StraightLineRent	7825000	USD
CY2017Q4	us-gaap	Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests	20496000	USD
CY2018Q3	us-gaap	Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests	0	USD
CY2017Q3	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	0	USD
	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	0	USD
CY2018Q3	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	17425000	USD
	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	40677000	USD
CY2017Q4	us-gaap	Unsecured Debt UnsecuredDebt	547852000	USD
CY2018Q3	us-gaap	Unsecured Debt UnsecuredDebt	548363000	USD
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
CY2018Q3	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0	shares
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	20000	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
CY2018Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	99071000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	99075000	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
CY2018Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	99071000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	99055000	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%;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;">On January 1, 2018, we adopted the Financial Accounting Standards Board, or FASB, Accounting Standards Update, or ASU, No. 2014-09 (and related clarifying guidance issued by the FASB), </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 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 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 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 equipment. A substantial portion of our revenue consists of rental income from leasing arrangements, which is specifically excluded from ASU No. 2014-09. We have adopted ASU No. 2014-09 using the modified retrospective approach, which resulted in an adjustment to reclassify a previous 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;"> from accounts payable and other liabilities to cumulative net income. The adoption of ASU No. 2014-09 did not have a material impact on the amount or timing of our revenue recognition in our condensed consolidated financial statements except for profit recognition on real estate sales. </font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On January 1, 2018, we adopted FASB 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 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. The implementation of ASU No. 2016-01 resulted in the reclassification of historical changes in the fair value of our available for sale equity securities of </font><font style="font-family:inherit;font-size:10pt;">$45,116</font><font style="font-family:inherit;font-size:10pt;"> from cumulative other comprehensive income to cumulative net income. We also reclassified </font><font style="font-family:inherit;font-size:10pt;">$15,165</font><font style="font-family:inherit;font-size:10pt;"> from cumulative other comprehensive income to cumulative net income for our share of cumulative other comprehensive income of certain of our equity method investees. Effective January 1, 2018, changes in the fair value of our equity securities are recorded through earnings in accordance with ASU No. 2016-01. </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%;padding-bottom:13px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On January 1, 2018, we adopted FASB 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 statements of cash flows. The implementation of this update resulted in the reclassification of </font><font style="font-family:inherit;font-size:10pt;">$2,209</font><font style="font-family:inherit;font-size:10pt;"> of accretion recorded in our equity in the earnings of SIR from cash flow from investing activities to cash flow from operating activities for the </font><font style="font-family:inherit;font-size:10pt;">nine months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">September 30, 2017</font><font style="font-family:inherit;font-size:10pt;">. See Note 12 for further information regarding our investment in SIR.</font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On January 1, 2018, we adopted FASB 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 requires companies to show the changes in the total of cash, cash equivalents, restricted cash and restricted cash equivalents in the statement of cash flows. The implementation of ASU 2016-18 resulted in an increase of </font><font style="font-family:inherit;font-size:10pt;">$21</font><font style="font-family:inherit;font-size:10pt;"> of net cash provided by operating activities for the </font><font style="font-family:inherit;font-size:10pt;">nine months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">September 30, 2017</font><font style="font-family:inherit;font-size:10pt;">. This update also requires a reconciliation of the totals in the statement of cash flows to the related captions in the balance sheets. As a result, amounts included in restricted cash on our condensed consolidated balance sheets are included with cash and cash equivalents on the condensed consolidated statements of cash flows. Restricted cash, which consists of amounts escrowed for future real estate taxes, insurance, leasing costs, capital expenditures and debt service, as required by certain of our mortgage debts, totaled </font><font style="font-family:inherit;font-size:10pt;">$2,354</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$509</font><font style="font-family:inherit;font-size:10pt;"> as of September 30, 2018 and 2017, respectively. The adoption of this update did not change our balance sheet presentation.</font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;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 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 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 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 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 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 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 reporting periods beginning after December 15, 2018, with early adoption permitted. We are currently assessing the potential impact the adoption of ASU No. 2016-02 will have in our condensed consolidated financial statements.</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 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. We currently expect to adopt the standard using the modified retrospective approach. </font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In June 2018, the FASB issued ASU No. 2018-07, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Compensation - Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting</font><font style="font-family:inherit;font-size:10pt;">, which aligns the measurement and classification guidance for share based payments to nonemployees with the guidance for share based payments to employees, with certain exceptions. ASU No. 2018-07 is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. We are currently assessing the potential impact the adoption of ASU No. 2018-07 will have in our condensed consolidated financial statements.</font></div></div>

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2018 Q4 Form 10-Q Financial Statement

#000145677218000039 Filed on November 01, 2018

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$OPI OFFICE PROPERTIES INCOME TRUST Stock $opi

2018 Q4 Form 10-Q Financial Statement

#000145677218000039 Filed on November 01, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$OPI
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