$OPI
OFFICE PROPERTIES INCOME TRUST

2022 Q4 Form 10-Q Financial Statement

#000145677222000031 Filed on October 27, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $127.9M $137.7M $147.6M
YoY Change -13.15% -6.7% 1.22%
Cost Of Revenue $36.97M $44.15M $46.60M
YoY Change -24.22% -5.26% 9.66%
Gross Profit $90.95M $93.53M $101.0M
YoY Change -7.66% -7.36% -2.26%
Gross Profit Margin 71.1% 67.93% 68.42%
Selling, General & Admin $12.12M $14.55M $7.837M
YoY Change 46.18% 85.66% -46.32%
% of Gross Profit 13.32% 15.56% 7.76%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $50.04M $51.49M $58.33M
YoY Change -18.18% -11.73% -5.93%
% of Gross Profit 55.02% 55.05% 57.77%
Operating Expenses $63.69M $67.54M $67.37M
YoY Change -10.04% 0.25% -12.28%
Operating Profit $27.27M $25.99M $33.60M
YoY Change -1.6% -22.63% 26.78%
Interest Expense -$24.41M $24.97M $26.93M
YoY Change -11.73% -7.28% -0.62%
% of Operating Profit -89.54% 96.06% 80.15%
Other Income/Expense, Net
YoY Change
Pretax Income $7.107M $18.01M $4.434M
YoY Change -59.81% 306.09% -224.13%
Income Tax -$161.0K $90.00K $34.00K
% Of Pretax Income -2.27% 0.5% 0.77%
Net Earnings $6.390M $16.96M $3.712M
YoY Change -62.29% 357.0% -197.76%
Net Earnings / Revenue 5.0% 12.32% 2.52%
Basic Earnings Per Share $0.35 $0.08
Diluted Earnings Per Share $0.13 $0.35 $0.08
COMMON SHARES
Basic Shares Outstanding 48.57M shares 48.46M shares 48.21M shares
Diluted Shares Outstanding 48.29M shares 48.24M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $12.25M $14.01M $54.88M
YoY Change -85.25% -74.48% 21.96%
Cash & Equivalents $12.25M $14.01M $54.88M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $105.6M $105.9M $97.51M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $117.9M $119.9M $152.4M
YoY Change -39.83% -21.35% 4.81%
LONG-TERM ASSETS
Property, Plant & Equipment $3.744B $3.734B $3.915B
YoY Change -4.51% -4.62% 5.94%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $35.13M $35.07M $35.83M
YoY Change 0.84% -2.12% -6.94%
Other Assets $75.61M $69.97M $125.2M
YoY Change -7.75% -44.11% 60.92%
Total Long-Term Assets $3.862B $3.849B $4.087B
YoY Change -4.54% -5.83% 6.79%
TOTAL ASSETS
Total Short-Term Assets $117.9M $119.9M $152.4M
Total Long-Term Assets $3.862B $3.849B $4.087B
Total Assets $3.980B $3.969B $4.240B
YoY Change -6.17% -6.39% 6.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $140.2M $152.9M $126.3M
YoY Change -1.72% 21.08% 9.46%
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 $146.6M $152.9M $138.9M
YoY Change -1.86% 10.12% 12.55%
LONG-TERM LIABILITIES
Long-Term Debt $2.433B $2.394B $2.576B
YoY Change -5.63% -7.08% 17.03%
Other Long-Term Liabilities $14.23M $16.06M $18.82M
YoY Change -19.28% -14.66% 63.65%
Total Long-Term Liabilities $2.447B $2.410B $2.595B
YoY Change -5.72% -7.13% 17.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $146.6M $152.9M $138.9M
Total Long-Term Liabilities $2.447B $2.410B $2.595B
Total Liabilities $2.594B $2.563B $2.734B
YoY Change -5.51% -6.26% 17.01%
SHAREHOLDERS EQUITY
Retained Earnings $169.6M $163.2M $158.8M
YoY Change -3.48% 2.8% -14.44%
Common Stock $2.620B $2.620B $2.617B
YoY Change 0.09% 0.09% 0.09%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.386B $1.406B $1.506B
YoY Change
Total Liabilities & Shareholders Equity $3.980B $3.969B $4.240B
YoY Change -6.17% -6.39% 6.72%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income $6.390M $16.96M $3.712M
YoY Change -62.29% 357.0% -197.76%
Depreciation, Depletion And Amortization $50.04M $51.49M $58.33M
YoY Change -18.18% -11.73% -5.93%
Cash From Operating Activities $39.93M $43.77M $41.31M
YoY Change -36.43% 5.97% -24.76%
INVESTING ACTIVITIES
Capital Expenditures $67.07M -$47.89M -$61.43M
YoY Change -291.88% -22.04% 165.92%
Acquisitions
YoY Change
Other Investing Activities $13.27M $114.2M $26.20M
YoY Change -52.02% 335.83% 8632.33%
Cash From Investing Activities -$53.80M $66.29M -$35.23M
YoY Change 638.29% -288.15% 54.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 10.60M -122.3M 29.86M
YoY Change -139.2% -509.47% -749.22%
NET CHANGE
Cash From Operating Activities 39.93M 43.77M 41.31M
Cash From Investing Activities -53.80M 66.29M -35.23M
Cash From Financing Activities 10.60M -122.3M 29.86M
Net Change In Cash -3.276M -12.22M 35.94M
YoY Change -111.5% -134.01% 30.69%
FREE CASH FLOW
Cash From Operating Activities $39.93M $43.77M $41.31M
Capital Expenditures $67.07M -$47.89M -$61.43M
Free Cash Flow -$27.15M $91.66M $102.7M
YoY Change -127.77% -10.78% 31.71%

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CY2022Q2 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
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CY2020Q4 us-gaap Stockholders Equity
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StockRepurchasedDuringPeriodValue
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StockGrantedDuringPeriodValueSharebasedCompensation
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StockRepurchasedAndRetiredDuringPeriodValue
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NetIncomeLoss
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us-gaap Depreciation
Depreciation
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Depreciation
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us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
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AmortizationOfFinancingCostsAndDiscounts
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us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
108471000 usd
us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
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us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
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us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
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us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
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us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
21820000 usd
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
55854000 usd
opi Gain Losson Extinguishmentof Debt Net
GainLossonExtinguishmentofDebtNet
-77000 usd
opi Gain Losson Extinguishmentof Debt Net
GainLossonExtinguishmentofDebtNet
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us-gaap Straight Line Rent
StraightLineRent
7226000 usd
us-gaap Straight Line Rent
StraightLineRent
13128000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1591000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-2631000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
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us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
-10567000 usd
us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
20724000 usd
us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
14388000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
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us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
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us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
6457000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
152687000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
158682000 usd
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
0 usd
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
563447000 usd
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
137031000 usd
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
65186000 usd
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
51000 usd
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
459000 usd
opi Contributions To Unconsolidated Joint Ventures
ContributionsToUnconsolidatedJointVentures
2914000 usd
opi Contributions To Unconsolidated Joint Ventures
ContributionsToUnconsolidatedJointVentures
0 usd
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
189069000 usd
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
192476000 usd
us-gaap Variable Lease Income
VariableLeaseIncome
67820000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
49175000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
25400000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
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us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
300000000 usd
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
610000000 usd
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
0 usd
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
1041809000 usd
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
295000000 usd
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
755000000 usd
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
160000000 usd
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
755000000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2655000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
533000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1001000 usd
CY2022Q3 opi Tenant Reimbursement Income
TenantReimbursementIncome
21953000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
79919000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
79734000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-270852000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
276181000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-68990000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-835000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
84515000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
56855000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15525000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
56020000 usd
us-gaap Interest Paid Net
InterestPaidNet
80504000 usd
us-gaap Interest Paid Net
InterestPaidNet
86917000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
283000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
294000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
34340000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
15428000 usd
opi Tenant Reimbursement Income
TenantReimbursementIncome
64437000 usd
us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
0 usd
us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
13031000 usd
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
2887000 usd
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
392000 usd
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
14005000 usd
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
54881000 usd
CY2022Q3 us-gaap Restricted Cash
RestrictedCash
1520000 usd
CY2021Q3 us-gaap Restricted Cash
RestrictedCash
1139000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15525000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
56020000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
16964000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
3712000 usd
us-gaap Net Income Loss
NetIncomeLoss
-12499000 usd
us-gaap Net Income Loss
NetIncomeLoss
-25125000 usd
CY2022Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
99000 usd
CY2021Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
11000 usd
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
299000 usd
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
0 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
16865000 usd
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3701000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-12798000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-25125000 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48286000 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48211000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48260000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48179000 shares
CY2022Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2021Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
33000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48286000 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48244000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48260000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48179000 shares
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.35
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.35
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.08
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.27
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.27
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.52
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.52
opi Number Of Joint Ventures
NumberOfJointVentures
2 joint_venture
CY2022Q3 opi Number Of Operating Lease Executed
NumberOfOperatingLeaseExecuted
24 lease
CY2022Q3 opi Operating Leases Committed Expenditures On Leases Executed In Period Area Of Leased Property
OperatingLeasesCommittedExpendituresOnLeasesExecutedInPeriodAreaOfLeasedProperty
606000 sqft
CY2022Q3 opi Operating Leases Weighted Average Lease Term
OperatingLeasesWeightedAverageLeaseTerm
P7Y2M12D
CY2022Q3 opi Operating Leases Committed Expenditures On Leases Executed In Period
OperatingLeasesCommittedExpendituresOnLeasesExecutedInPeriod
43013000 usd
opi Number Of Operating Lease Executed
NumberOfOperatingLeaseExecuted
63 lease
opi Operating Leases Committed Expenditures On Leases Executed In Period Area Of Leased Property
OperatingLeasesCommittedExpendituresOnLeasesExecutedInPeriodAreaOfLeasedProperty
1857000 sqft
opi Operating Leases Weighted Average Lease Term
OperatingLeasesWeightedAverageLeaseTerm
P9Y
opi Operating Leases Committed Expenditures On Leases Executed In Period
OperatingLeasesCommittedExpendituresOnLeasesExecutedInPeriod
113130000 usd
CY2022Q3 opi Operating Leases Committed Expenditures On Leases Executed In Period Committed But Unspent Tenant Related Obligations
OperatingLeasesCommittedExpendituresOnLeasesExecutedInPeriodCommittedButUnspentTenantRelatedObligations
137420000 usd
opi Number Of Joint Ventures
NumberOfJointVentures
2 joint_venture
opi Number Of Joint Ventures
NumberOfJointVentures
2 joint_venture
opi Number Of Joint Ventures
NumberOfJointVentures
2 joint_venture
CY2021Q3 us-gaap Variable Lease Income
VariableLeaseIncome
24098000 usd
us-gaap Revenue Recognition Leases
RevenueRecognitionLeases
Our leases provide for base rent payments and in addition may include variable payments. Rental income from operating leases, including any payments derived by index or market-based indices, is recognized on a straight line basis over the lease term when we have determined that the collectability of substantially all of the lease payments is probable. Some of our leases have options to extend or terminate the lease exercisable at the option of our tenants, which are considered when determining the lease term. In certain circumstances, some leases provide the tenant with the right to terminate if the legislature or other funding authority does not appropriate the funding necessary for the tenant to meet its lease obligations; we have determined the fixed non-cancelable lease term of these leases to be the full term of the lease because we believe the occurrence of early terminations to be a remote contingency based on both our historical experience and our assessments of the likelihood of lease cancellation on a separate lease basis.
CY2022Q3 us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
1765000 usd
CY2021Q3 us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
3924000 usd
us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
7226000 usd
us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
13128000 usd
CY2022Q3 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
82701000 usd
CY2021Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
82978000 usd
CY2022Q3 us-gaap Variable Lease Income
VariableLeaseIncome
23183000 usd
CY2021Q3 opi Tenant Reimbursement Income
TenantReimbursementIncome
23167000 usd
opi Tenant Reimbursement Income
TenantReimbursementIncome
57609000 usd
CY2022Q3 opi Number Of Other Governments
NumberOfOtherGovernments
4 government_tenant
CY2021Q3 opi Number Of Other Governments
NumberOfOtherGovernments
4 government_tenant
CY2022Q3 opi Number Of Properties Collateralized
NumberOfPropertiesCollateralized
2 building
CY2022Q3 opi Aggregate Net Book Value Of Real Estate Properties Collateralized
AggregateNetBookValueOfRealEstatePropertiesCollateralized
125033000 usd
CY2022Q3 opi Aggregate Principal Amount Of Real Estate Properties Collateralized
AggregatePrincipalAmountOfRealEstatePropertiesCollateralized
72901000 usd
CY2022Q2 opi Share Based Compensation Arrangement By Share Based Payment Award Trustee Compensation Arrangement Number Of Trustees
ShareBasedCompensationArrangementByShareBasedPaymentAwardTrusteeCompensationArrangementNumberOfTrustees
9 trustee
CY2022Q3 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
29469 shares
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
30259 shares
opi Stock Repurchased During Period Price Per Share
StockRepurchasedDuringPeriodPricePerShare
17.61
CY2022Q3 opi Stock Repurchased During Period Price Per Share
StockRepurchasedDuringPeriodPricePerShare
17.53
CY2022Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.55
CY2022Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
26634000 usd
CY2022Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.55
CY2022Q2 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
26634000 usd
CY2022Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.55
CY2022Q3 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
26651000 usd
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.65
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
79919000 usd

Files In Submission

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opi-20220930_cal.xml Edgar Link unprocessable
opi-20220930_pre.xml Edgar Link unprocessable
opi-20220930_lab.xml Edgar Link unprocessable
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0001456772-22-000031-index.html Edgar Link pending
0001456772-22-000031.txt Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
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opi_093022x10qex311.htm Edgar Link pending
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