Office Properties Income Trust
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $341.6M
- Price
- $15.56
- % Change (Daily % change from the live per-ticker quote feed.)
- -1.95%
- Volume
- 82.6K
About
Office Properties Income Trust is a national REIT focused on owning and leasing office properties to high credit quality tenants in markets throughout the United States. As of June 30, 2026, approximately 62% of OPI's revenues were from investment grade rated tenants. OPI owned 122 properties as of June 30, 2026, with approximately 17.1 million square feet located in 29 states and Washington, D.C. OPI is managed by The RMR Group, a leading U.S. alternative asset management company with over 37 billion dollars in assets under management as of June 30, 2026, and 40 years of institutional experience in buying, selling, financing and operating commercial real estate. Office Properties Income Trust is based in Newton, Massachusetts. Office Properties Income Trust was established in February 17, 2009, and incorporated in Maryland.
Quick stats
Shares outstanding22.0M
Computed float16.6M
Float / shares75.5%
Key info
SectorReal Estate
IndustryREIT - Office
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001456772
Websitehttps://www.opireit.com
AI Summary
AI-generated1/7
standardmixeddebt offering
Office Properties Income Trust Prices $425 Million of 8.75% Senior Secured Notes Due 2031
Office Properties Income Trust priced $425 million of 8.75% senior secured notes due 2031, sold to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S.
The notes are guaranteed by certain OPI subsidiaries and secured by first-priority liens on 19 office properties plus a pledge of the guarantors' equity interests; settlement is expected September 24, 2026.
Net proceeds, together with cash on hand, will repay all outstanding borrowings under OPI's secured revolving credit facility and its secured term loan, clearing near-term secured bank debt.
An 8.75% coupon on senior secured paper underscores the steep cost of capital facing office REITs, and the collateral package increases asset encumbrance even as the maturity profile extends.
Red flags
- 8.75% coupon on senior secured notes signals elevated credit risk and expensive refinancing for an office REIT
- new debt secured by first-priority liens on 19 properties plus subsidiary equity pledges, reducing unencumbered asset pool
- use of proceeds is refinancing existing secured debt rather than growth investment
- offering is unregistered (Rule 144A/Reg S), limiting investor base