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Office Properties Income Trust (OPI)
NASDAQ:OPI
RESEARCH TOOLSreports
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.54Last Year’s EPS
-0.05Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 13, 2025
|% Change Since: -8.33%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture. While there were successful efforts in managing debt maturity and some positive leasing activity, the decrease in revenue, high vacancy rates, and projected cash burn pose significant concerns.Company Guidance
During the OPI Fourth Quarter 2024 Earnings Conference Call, the company provided guidance on several financial metrics. The call highlighted that OPI reported normalized funds from operations (FFO) of $20.9 million or $0.36 per share for the fourth quarter, surpassing their guidance range by $0.01 due to the timing of dispositions. Looking ahead to the first quarter of 2025, OPI expects normalized FFO to range between $0.08 and $0.10 per share, reflecting anticipated lower net operating income (NOI) and increased interest expenses. The company projects a decrease in same property cash basis NOI by 8% to 10% compared to the first quarter of 2024, driven by tenant vacancies and elevated free rent levels. Additionally, OPI anticipates spending approximately $80 million on capital expenditures in 2025, with $18 million allocated to building capital and $62 million for leasing capital. The company also addressed its debt strategy for upcoming maturities, including a debt exchange offer for its senior unsecured notes due in 2026, seeking to issue up to $175 million in new senior priority guaranteed unsecured notes.Debt Maturity Management
OPI completed $1.8 billion in secured financings, exchanged $488 million of new notes for $378 million of outstanding notes, and reduced total debt principal by nearly $200 million compared to the prior year.
Leasing Activity Growth
Total leasing volume increased by more than 20% year-over-year, with 52 leases signed for over 2 million square feet, a weighted average lease term of nearly nine years, and a rental rate increase of 6.3%.
Strong Quarterly Lease Roll-Up
In Q4, OPI executed 13 leases totaling 359,000 square feet with a 24.3% roll-up in rent, the strongest quarterly growth in over four years.
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OPI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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OPI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 13, 2025 | $0.96 | $0.91 | -5.21% |
| Oct 30, 2024 | $1.95 | $1.57 | -19.49% |
| Jul 31, 2024 | $2.45 | $2.63 | +7.35% |
| May 01, 2024 | $1.96 | $2.51 | +28.06% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Office Properties Income Trust (OPI) report earnings?
Office Properties Income Trust (OPI) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Office Properties Income Trust (OPI) earnings time?
Office Properties Income Trust (OPI) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OPI EPS forecast?
OPI EPS forecast for the fiscal quarter 2025 (Q1) is -0.54.
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