Office Properties Income Trust (OPI)
Owner and lessor of U.S. office and mission-critical properties, externally managed by The RMR Group.
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Generates rental income by owning and leasing U.S. office, mixed-use and mission-critical properties to government, contractor and corporate tenants. The REIT is externally managed by The RMR Group, which supplies its personnel and runs day-to-day business and property management.
Owns and leases a nationwide portfolio of office, mixed-use and related properties, centered on single- or majority-tenant, specialty-use and mission-critical buildings. The portfolio serves U.S. government agencies, government contractors and corporate tenants across technology, finance, manufacturing and professional services; metropolitan Washington, D.C. is an important market. Rental revenue comes from contractual base rent, lease accounting adjustments and tenant expense reimbursements.
Operates as an externally managed REIT: The RMR Group provides personnel, property management and investment execution while OPI has no employees. Leasing performance depends on office demand, renewals, tenant concentrations and the ability to reposition or sell properties. The reorganized common shares began Nasdaq trading after the emergence from bankruptcy.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 7, 2026 | Odeon Capital Group LLC | Target | Target: — | Target: $27 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $50.8M · Total debt $1.72B · Total assets $2.37B · Shareholders' equity $511.5M
- Revenue
- $116.8M
- Operating income
- $1.5M
- Net income
- −$41.2M
HistoryDividendAnnual yield
| Institutions | 47.25% | 10.37M shares | |
|---|---|---|---|
| 59 holders · as of Sep 30, 2025 | |||
| Strategic holders | 24.02% | 5.27M shares | |
| 2 holders · as of Aug 19, 2026 | |||
| Other | 28.73% | 6.31M shares | |
| remainder | |||
21.95M company shares as of Sep 23, 2026 · institutions as of Sep 30, 2025 · holders as of their latest filing
Two share counts disagree (21.95M in the company's Sep 23, 2026 report, 73.90M elsewhere); stakes use the report.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Redwood Capital Management, LLCStrategic10 percent owner | 18.05% | 3.96M | filed Aug 19, 2026 |
Vanguard Group IncInstitution | 12.50% | 2.74M | as of Sep 30, 2025 |
Whitebox Advisors LLCInstitution | 8.19% | 1.80M | filed Jul 6, 2026 |
Liberty Mutual Holding Company Inc.Strategic | 5.97% | 1.31M | filed Jul 10, 2026 |
BlackRock, Inc.Institution | 5.17% | 1.14M | as of Sep 30, 2025 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 18, 2026 | Redwood Capital Management, LLC | 10 percent owner | −175,734 | $19.03 |
| Aug 17, 2026 | Redwood Capital Management, LLC | 10 percent owner | −20,686 | $19.03 |
| Aug 13, 2026 | Redwood Capital Management, LLC | 10 percent owner | −1,826 | $19.00 |
| Aug 12, 2026 | Redwood Capital Management, LLC | 10 percent owner | −2,616 | $19.04 |
| Aug 11, 2026 | Redwood Capital Management, LLC | 10 percent owner | −2,413 | $19.00 |
- BXP
Large gateway-market landlord overlaps in corporate office leasing.
- Easterly Government Properties
Closest listed specialist for U.S. government office leasing.
- COPT Defense Properties
Mission-critical defense facilities target government and contractor demand.
- Piedmont Realty Trust
Sunbelt Class A landlord pursues the same corporate office tenants.
- Highwoods Properties
Sunbelt landlord overlaps in Atlanta and Dallas office leasing.
- Brandywine Realty Trust
Austin office and mixed-use landlord overlaps with Texas leasing.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Office Properties Income Trust | $17.72 | +0.21% | $1.31B | — | — | 3.0 | +2.0% |
| BXP | $63.12 | −1.86% | $10.26B | 34.6 | 30.8 | 2.9 | +3.1% |
| Easterly Government Properties | $22.92 | −1.72% | $1.08B | 112.3 | 79.0 | 3.0 | +11.6% |
| COPT Defense Properties | $33.91 | −1.25% | $3.89B | 23.7 | 47.8 | 5.0 | +7.5% |
| Piedmont Realty Trust | $9.20 | −1.87% | $1.17B | — | — | 2.1 | +29.7% |
| Highwoods Properties | $30.06 | −2.26% | $3.39B | 20.2 | 35.7 | 4.1 | +7.9% |
| Brandywine Realty Trust | $2.90 | −1.86% | $509.6M | — | — | 1.0 | +7.5% |
| Median | 29.1 | 41.8 | 3.0 | +7.7% |