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Office Properties Income Trust
(NASDAQ:OPI)
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Rating:46Neutral
Price Target:
$18.50
▼(-2.89% Downside)
Action:Reiterated
Date:08/06/26
The score is weighed down primarily by weak financial performance: declining revenue, expanding losses, and a recent shift to operating and free cash flow negative. Technical indicators provide some offset with moderately positive near-term momentum, but valuation support is unclear due to an unusable P/E and missing dividend yield data.
Positive Factors
Creditworthy tenant base
A tenant mix that explicitly includes U.S. government agencies and credit-oriented organizations provides structural rent stability and lower counterparty default risk versus retail or small-business tenants. Over months this supports predictable cash inflows from contractual leases and lowers vacancy-related volatility.
Negative Factors
Declining revenue and widening losses
Sustained revenue erosion and a swing to sharply negative EBITDA indicate the core portfolio is failing to generate sufficient operating profitability. Over 2–6 months this undermines the firm's ability to fund maintenance, pursue leasing initiatives, or rebuild earnings without asset sales or external capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Creditworthy tenant base
A tenant mix that explicitly includes U.S. government agencies and credit-oriented organizations provides structural rent stability and lower counterparty default risk versus retail or small-business tenants. Over months this supports predictable cash inflows from contractual leases and lowers vacancy-related volatility.
Read all positive factors
Office Properties Income Trust (OPI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$107.22K
Dividend YieldN/A
Average Volume (3M)N/A
Price to Earnings (P/E)―
Beta (1Y)5.04
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryREIT - Office
Share Statistics
EPS (TTM)-4.39
Shares Outstanding21,953,577
10 Day Avg. VolumeN/A
30 Day Avg. VolumeN/A
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)<0.01
Price to Sales (P/S)0.00601
P/FCF Ratio-0.43
Enterprise Value/Market Cap0.00
Enterprise Value/Revenue0.00
Enterprise Value/Gross Profit0.00
Enterprise Value/Ebitda0.00
Forecast
1Y Price Target
$27.00Price Target Upside41.73% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Office Properties Income Trust Business Overview & Revenue Model
Company Description
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, 2025, approximately 59% of OPI revenues were from investment g...
How the Company Makes Money
OPI makes money primarily by leasing its office properties to tenants under contractual lease agreements and collecting rent. Its main revenue stream is rental income (base rent) paid by tenants for the right to occupy and use OPI’s office buildin...
Office Properties Income Trust Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
28
Negative
Cash Flow
16
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 437.81M | 442.56M | 501.98M | 533.55M | 554.27M | 576.48M |
| Gross Profit | 288.89M | 393.55M | 439.61M | 360.84M | 496.43M | 504.51M |
| EBITDA | -1.10B | -300.99M | 285.62M | 302.34M | 334.14M | 348.45M |
| Net Income | -319.53M | -272.37M | -136.11M | -69.43M | -6.11M | -8.18M |
Balance Sheet | ||||||
| Total Assets | 2.37B | 3.69B | 3.82B | 3.99B | 3.98B | 4.24B |
| Cash, Cash Equivalents and Short-Term Investments | 50.75M | 29.48M | 261.32M | 12.31M | 12.25M | 83.03M |
| Total Debt | 0.00 | 0.00 | 2.54B | 2.58B | 2.45B | 2.59B |
| Total Liabilities | 1.86B | 2.86B | 2.67B | 2.73B | 2.59B | 2.74B |
| Stockholders Equity | 511.45M | 825.77M | 1.15B | 1.26B | 1.39B | 1.50B |
Cash Flow | ||||||
| Free Cash Flow | -48.34M | -6.15M | 67.17M | 141.73M | -11.49M | 121.35M |
| Operating Cash Flow | -30.50M | -6.15M | 67.17M | 141.73M | 192.61M | 221.49M |
| Investing Cash Flow | -26.12M | 3.38M | 66.61M | -194.82M | -4.62M | -442.99M |
| Financing Cash Flow | 69.83M | -190.13M | 114.67M | 67.56M | -260.26M | 249.15M |
Office Properties Income Trust Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | $1.19B | -14.34 | -5.39% | ― | 0.70% | -17.55% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | $563.80M | -3.76 | -18.69% | 10.09% | 0.51% | 56.07% | |
49 Neutral | $160.87M | -1.64 | -14.88% | 3.08% | -6.53% | -20.91% | |
46 Neutral | $107.22K | -4.33 | ― | ― | ― | ― | |
44 Neutral | $46.81M | -1.09 | -6.97% | 9.09% | -5.02% | 21.97% |
* General Sector Average
OPI
Office Properties Income Trust
19.00
-14.84
-43.86%
FSP
Franklin Street Properties
0.44
-1.10
-71.59%
PDM
Piedmont Office
9.30
1.78
23.67%
BDN
Brandywine Realty
3.08
-0.37
-10.80%
ONL
Orion Office REIT
2.75
0.27
10.66%
NLOP
Net Lease Office Properties
11.48
0.85
7.99%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.