Introduction
Office Properties Income Trust (Ticker: OPI) is a publicly traded real estate investment trust listed on the NASDAQ. Since its founding in 2009, the company has focused on acquiring, owning, and managing office and mixed-use properties across various markets in the United States.
Corporate Structure and Experience
Office Properties Income Trust operates with a staff of approximately 2–10 employees and is externally managed by The RMR Group, a real estate investment management firm. The trust has been recognized as an Energy Star Partner of the Year for five consecutive years and holds a Green Lease Leader designation, reflecting its commitment to sustainability and energy-efficient property operations.

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Recent Developments and News
On September 18, 2025, OPI shares closed at $0.3830, a decrease of 32.43% from the previous trading day, with a trading volume of 7,104,566 shares. On September 16, 2025, the company filed a Form 8-K (Accession No. 0001456772-25-000040) reporting an item 8.01 event; however, it did not include detailed financial metrics or significant corporate actions.
In ownership disclosures, D. E. Shaw & Co., L.P. and David E. Shaw reported beneficial ownership of 2,596,642 shares, representing 3.5% of the outstanding class, as of June 30, 2025, in a Schedule 13G/A filed on August 14, 2025. A separate amendment filed on August 13, 2025, by MSD Partners, L.P. and affiliates indicated zero beneficial ownership as of the same reporting date.
Financial and Strategic Analysis
A summary of key financial metrics as of September 18, 2025, follows:
Metric | Value |
---|---|
Share Price | $0.3830 |
One-Day Change | –32.43% |
Market Capitalization | $28.34 million |
Revenue (TTM) | $466.97 million |
Net Income (TTM) | –$293.76 million |
Debt / Equity (MRQ) | 221.89% |
Price / Book (MRQ) | 0.04 |
Price / Sales (TTM) | 0.08 |
EPS (TTM) | –$5.32 |
Forward Dividend & Yield | $0.04 (7.06%) |
The trust’s trailing twelve-month net loss and high debt-to-equity ratio indicate challenges in the office REIT sector, influenced by fluctuations in tenant demand and borrowing costs. The low price-to-book and price-to-sales multiples reflect valuation concerns relative to the asset base and revenue. The forward dividend yield of 7.06% positions OPI in a segment of higher-yielding office REITs, subject to the sustainability of cash distributions.
Strategically, OPI emphasizes sustainability, as evidenced by its Energy Star and Green Lease Leader accolades. Externally managed by The RMR Group, the trust utilizes RMR’s operational expertise and access to capital markets while maintaining a focused portfolio of office and mixed-use properties.
Market Position and Industry Context
Office REITs face challenges from remote-work adoption and rising interest rates. OPI’s beta of approximately 1.60 indicates higher volatility compared to the broader market. Its enterprise value of $2.34 billion, relative to its market capitalization, suggests significant leverage and potential market skepticism regarding asset liquidity. In the context of the office-focused REIT sector, OPI’s portfolio concentration and market capitalization distinguish it from larger diversified peers. Institutional ownership disclosures, including a 3.5% stake by D. E. Shaw & Co., may influence corporate governance and strategic direction as financial results evolve.
tl;dr
On September 18, 2025, OPI shares decreased 32.43% to $0.3830 on heavy trading. An 8-K filed September 16, 2025, disclosed an item 8.01 event without extensive detail. As of June 30, 2025, D. E. Shaw & Co. held 3.5% of shares, while MSD Partners reported no beneficial interest. The trust reported a $293.76 million net loss (TTM), a debt-to-equity ratio of 221.89%, and a forward dividend yield of 7.06%. Quarterly earnings are scheduled for October 29, 2025, and forward-looking statements are subject to customary SEC-mandated disclaimers.