OPINL
Upturn stock rating

Office Properties Income Trust (OPINL)

Upturn stock rating
$2.55
Last Close (24-hour delay)
upturn advisory
PASS
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Upturn Stock info Stock price based on last close
*as per simulation
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Time period over
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Upturn Advisory Summary

11/03/2025: OPINL (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Analysis of Past Performance

Type Stock
Historic Profit -47.95%
Avg. Invested days 31
Today’s Advisory PASS
Upturn Star Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance 1.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulation Last Close 11/03/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 1.21B USD
Price to earnings Ratio -
1Y Target Price -
Price to earnings Ratio -
1Y Target Price -
Volume (30-day avg) -
Beta 1.46
52 Weeks Range 5.52 - 13.10
Updated Date 06/29/2025
52 Weeks Range 5.52 - 13.10
Updated Date 06/29/2025
Dividends yield (FY) 0.58%
Basic EPS (TTM) -

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin -37.13%
Operating Margin (TTM) 11.09%

Management Effectiveness

Return on Assets (TTM) 1.15%
Return on Equity (TTM) -15%

Valuation

Trailing PE -
Forward PE -
Enterprise Value 2786341120
Price to Sales(TTM) -
Enterprise Value 2786341120
Price to Sales(TTM) -
Enterprise Value to Revenue -
Enterprise Value to EBITDA -
Shares Outstanding -
Shares Floating 65181526
Shares Outstanding -
Shares Floating 65181526
Percent Insiders -
Percent Institutions -

ai summary icon Upturn AI SWOT

Office Properties Income Trust

stock logo

Company Overview

overview logo History and Background

Office Properties Income Trust (OPI) was founded in 2009 as a real estate investment trust (REIT). It was formed as a spin-off from REIT, Senior Housing Properties Trust (now AlerisLife). OPI focuses on owning, operating and leasing office properties primarily leased to single tenants and those with high credit quality characteristics such as government entities.

business area logo Core Business Areas

  • Office Property Ownership & Leasing: OPI owns and leases office properties primarily to single tenants with a focus on creditworthy tenants such as government agencies or entities with similar characteristics.

leadership logo Leadership and Structure

Owen M. Ryan is the President and Chief Executive Officer. The company operates as a real estate investment trust (REIT) and is managed by The RMR Group LLC.

Top Products and Market Share

overview logo Key Offerings

  • Office Space Leasing: OPI leases office space primarily to single tenants, focusing on tenants with high credit quality like government entities. Specific market share data for OPI's niche is not readily available but they compete within the broader office REIT market. Competitors include Boston Properties (BXP), Alexandria Real Estate Equities (ARE), and SL Green Realty Corp (SLG).

Market Dynamics

industry overview logo Industry Overview

The office REIT industry is currently facing headwinds due to the shift to remote work and hybrid work models, creating uncertainty regarding office space demand. Interest rate hikes also negatively affect REIT valuations. Certain subsectors like lab and life science space have performed better than others.

Positioning

OPI differentiates itself by focusing on single-tenant properties leased to government entities or tenants with similar credit profiles. This strategy is intended to provide relatively stable cash flow but doesn't necessarily shield the company from broader industry downturns.

Total Addressable Market (TAM)

The total addressable market for office REITs is vast, encompassing all office properties in the US. OPI's positioning focuses on a specific segment of that market (single-tenant, creditworthy). Due to a broad office REIT market which fluctuates in size annually and with OPI's focus on only tenants with high credit quality, the exact TAM size is hard to quantify.

Upturn SWOT Analysis

Strengths

  • Focus on single-tenant properties
  • Leases to high-credit-quality tenants (e.g., government)
  • Relatively stable cash flow compared to multi-tenant office REITs (historically).

Weaknesses

  • High dividend payout ratio which may not be sustainable
  • Exposure to interest rate risk
  • Dependence on single tenants increasing vacancy impact
  • Managed by The RMR Group LLC, which could present conflicts of interest

Opportunities

  • Acquisition of strategically important properties
  • Renegotiation of leases at higher rates
  • Diversification into stronger subsectors of the office market, such as lab space.

Threats

  • Shift to remote work reducing office space demand
  • Rising interest rates increasing borrowing costs
  • Economic downturn impacting tenant creditworthiness
  • Tenant non-renewals leading to higher vacancy rates

Competitors and Market Share

competitor logo Key Competitors

  • BXP
  • ARE
  • SLG
  • CUZ

Competitive Landscape

OPI's competitive advantage lies in its focus on single-tenant, high-credit-quality properties. However, its smaller size and limited diversification compared to larger REITs may be a disadvantage.

Major Acquisitions

None Notable

  • Year: 2023
  • Acquisition Price (USD millions): 0
  • Strategic Rationale: OPI has not had any sizable acquisitions since 2022

Growth Trajectory and Initiatives

Historical Growth: Historical growth has been limited. Revenue growth has been sluggish due to industry headwinds.

Future Projections: Future projections are uncertain, dependent on the ability to maintain occupancy rates and navigate the changing office space market.

Recent Initiatives: Recent initiatives are focused on managing occupancy and mitigating the impact of lease expirations.

Summary

Office Properties Income Trust faces significant challenges due to the shift to remote work which pressures office space demand. Its focus on high-credit-quality tenants provides some stability, but high dividend payout ratios and exposure to interest rate increases add financial risk. OPI needs to carefully manage lease expirations and explore diversification options to improve its growth prospects. Overall, OPI is in a weak position. Recent strategic initiatives are focused on mitigating losses.

Similar Stocks

Sources and Disclaimers

Data Sources:

  • SEC Filings
  • Company Investor Relations
  • Analyst Reports

Disclaimers:

This analysis is based on publicly available information and represents an opinion. It is not financial advice. Market share data is an estimate.

Upturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Office Properties Income Trust

Exchange NASDAQ
Headquaters Newton, MA, United States
IPO Launch date 2020-06-24
CEO -
Sector -
Industry -
Full time employees -
Full time employees -

OPI is a national REIT focused on owning and leasing office properties to high credit quality tenants in markets throughout the United States. As of March 31, 2025, approximately 60% of OPI's revenues were from investment grade rated tenants. OPI owned 125 properties as of March 31, 2025, with approximately 17.3 million square feet located in 29 states and Washington, D.C. In 2024, OPI was named as an Energy Star Partner of the Year for the seventh consecutive year. OPI is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with approximately $40 billion in assets under management as of March 31, 2025, and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. OPI is headquartered in Newton, MA.