Office Properties Income Trust Financials

OPINL

Source SEC Filings (10-K/10-Q) Updated Jun 30, 2025 Currency USD FYE December

This page shows Office Properties Income Trust (OPINL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Weak

2/9

Office Properties Income Trust passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).

Earnings Quality Mixed

-0.49x

For every $1 of reported earnings, Office Properties Income Trust generates $-0.49 in operating cash flow ($67.2M OCF vs -$136.1M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

Export CSV

Revenue

N/A

EBITDA

N/A

Free Cash Flow

N/A

Net Income

-$136.1M

YoY-96.0%

Office Properties Income Trust reported -$136.1M in net income in fiscal year 2024. This represents a decrease of 96.0% from the prior year.

EPS (Diluted)

$-2.63

YoY-82.6%

Office Properties Income Trust earned $-2.63 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 82.6% from the prior year.

Cash & Debt

$261.3M

YoY+2021.9%

5Y CAGR+22.8%

10Y CAGR+34.2%

Office Properties Income Trust held $261.3M in cash against $2.5B in long-term debt as of fiscal year 2024.

Dividends Per Share

$0.04

YoY-96.9%

5Y CAGR-55.1%

10Y CAGR-31.3%

Office Properties Income Trust paid $0.04 per share in dividends in fiscal year 2024. This represents a decrease of 96.9% from the prior year.

Shares Outstanding

70M

YoY+43.2%

5Y CAGR+7.7%

10Y CAGR-0.1%

Office Properties Income Trust had 70M shares outstanding in fiscal year 2024. This represents an increase of 43.2% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

$192K

YoY-34.7%

5Y CAGR-16.5%

Office Properties Income Trust spent $192K on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 34.7% from the prior year.

Capital Expenditures

N/A

OPINL Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	N/A	N/A	N/A	N/A	N/A	$678.4M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$21.1M-7.1%	$22.7M-9.6%	$25.1M-6.4%	$26.9M-5.6%	$28.4M-13.1%	$32.7M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$163.7M+48.0%	$110.6M+6.9%	$103.5M-7.9%	$112.4M+3.8%	$108.3M-19.7%	$134.9M
Income Tax	$203K-42.2%	$351K+30.0%	$270K+7.6%	$251K-33.4%	$377K-51.5%	$778K
Net Income	-$136.1M-96.0%	-$69.4M-1036.6%	-$6.1M+25.3%	-$8.2M-222.5%	$6.7M-78.0%	$30.3M
EPS (Diluted)	$-2.63-82.6%	$-1.44-928.6%	$-0.14+17.6%	$-0.17-221.4%	$0.14-77.8%	$0.63

Metric	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$114.5M+0.8%	$113.6M	N/A	N/A	$123.7M-11.3%	$139.4M	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$4.8M-4.8%	$5.1M	N/A	$4.9M-6.9%	$5.3M-6.3%	$5.6M	N/A	$5.7M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$52.5M-1.6%	$53.4M	N/A	$42.6M+11.0%	$38.3M+8.1%	$35.5M	N/A	$28.8M
Income Tax	$94K-31.4%	$137K	N/A	$230K+315.0%	-$107K-291.1%	$56K	N/A	$95K
Net Income	-$41.2M+10.2%	-$45.9M	N/A	-$58.4M-176.7%	$76.2M+1569.3%	-$5.2M	N/A	-$19.6M
EPS (Diluted)	$-0.58+12.1%	$-0.66	N/A	$-1.14-173.1%	$1.56+1518.2%	$-0.11	N/A	$-0.41

OPINL Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$3.8B-4.2%	$4.0B+0.2%	$4.0B-6.2%	$4.2B+7.5%	$3.9B-5.9%	$4.2B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$261.3M+2021.9%	$12.3M+0.5%	$12.2M-85.2%	$83.0M+97.5%	$42.0M-55.1%	$93.7M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$155.7M+16.8%	$133.3M+26.2%	$105.6M-6.4%	$112.9M+10.9%	$101.8M+21.8%	$83.6M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$2.7B-2.4%	$2.7B+5.4%	$2.6B-5.5%	$2.7B+17.5%	$2.3B-6.0%	$2.5B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$2.5B-1.5%	$2.6B+5.7%	$2.4B-5.6%	$2.6B+17.0%	$2.2B-5.9%	$2.3B
Total Equity	$1.2B-8.2%	$1.3B-9.4%	$1.4B-7.4%	$1.5B-7.0%	$1.6B-5.6%	$1.7B
Retained Earnings	-$35.9M-135.9%	$100.2M-40.9%	$169.6M-3.5%	$175.7M-4.4%	$183.9M+3.8%	$177.2M

Metric	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$3.6B-0.2%	$3.6B-6.6%	$3.8B+2.6%	$3.7B-1.9%	$3.8B-4.0%	$4.0B-0.8%	$4.0B-1.4%	$4.0B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$78.2M+22.6%	$63.7M-75.6%	$261.3M+1068.5%	$22.4M+65.7%	$13.5M-42.6%	$23.5M+90.9%	$12.3M-49.4%	$24.4M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	$155.7M+6.2%	$146.6M+4.3%	$140.5M+2.2%	$137.5M+3.2%	$133.3M+7.4%	$124.0M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$2.5B+1.3%	$2.5B-7.7%	$2.7B+9.1%	$2.4B-0.9%	$2.5B-8.8%	$2.7B-1.0%	$2.7B-0.2%	$2.7B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	$2.5B	N/A	N/A	N/A	$2.6B	N/A
Total Equity	$1.1B-3.7%	$1.1B-4.0%	$1.2B-9.8%	$1.3B-3.8%	$1.3B+6.3%	$1.3B-0.4%	$1.3B-3.8%	$1.3B
Retained Earnings	-$123.0M-50.3%	-$81.8M-127.6%	-$35.9M-131.9%	$112.7M-34.1%	$171.2M+80.2%	$95.0M-5.2%	$100.2M-27.1%	$137.3M

OPINL Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$67.2M-52.6%	$141.7M-26.4%	$192.6M-13.0%	$221.5M-5.2%	$233.6M+8.5%	$215.3M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$66.6M+134.2%	-$194.8M-4113.3%	-$4.6M+99.0%	-$443.0M-1827.1%	-$23.0M-102.6%	$877.8M
Financing Cash Flow	$114.7M+69.7%	$67.6M+126.0%	-$260.3M-204.5%	$249.2M+197.9%	-$254.5M+75.3%	-$1.0B
Dividends Paid	$2.0M-96.8%	$63.2M-40.7%	$106.6M+0.2%	$106.4M+0.2%	$106.1M+0.2%	$105.9M
Share Buybacks	$192K-34.7%	$294K-45.6%	$540K-46.2%	$1.0M+131.1%	$434K-8.2%	$473K

Metric	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$32.4M+213.3%	-$28.6M-211.1%	$25.7M+250.8%	-$17.1M-153.5%	$31.9M+19.7%	$26.6M-18.3%	$32.6M+55.9%	$20.9M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$10.5M-170.0%	$15.0M-81.2%	$79.9M+894.4%	$8.0M+147.5%	-$16.9M-287.9%	-$4.4M+88.5%	-$37.9M-40.4%	-$27.0M
Financing Cash Flow	-$6.6M+96.4%	-$185.0M-238.7%	$133.3M+1122.1%	$10.9M+144.2%	-$24.7M-405.7%	-$4.9M+36.1%	-$7.6M-138.4%	$19.9M
Dividends Paid	$709K+1.6%	$698K+25.5%	$556K+10.8%	$502K+2.9%	$488K+0.2%	$487K-96.0%	$12.2M+0.3%	$12.1M
Share Buybacks	$5K	$0-100.0%	$1K-99.4%	$170K+1033.3%	$15K+150.0%	$6K+100.0%	$3K-98.7%	$234K

OPINL Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	4.5%
Return on Equity	N/A	N/A	N/A	N/A	0.4%-1.4pp	1.8%
Return on Assets	-3.6%-1.8pp	-1.7%-1.6pp	-0.1%+0.0pp	-0.2%-0.4pp	0.2%-0.5pp	0.7%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	2.20+0.1	2.05+0.3	1.75+0.0	1.72+0.4	1.370.0	1.37
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-36.0%+4.4pp	-40.4%	N/A	N/A	61.6%+65.3pp	-3.7%	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	5.7%	N/A	N/A	N/A
Return on Assets	-1.2%+0.1pp	-1.3%	N/A	-1.6%-3.6pp	2.0%+2.1pp	-0.1%	N/A	-0.5%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	2.34+0.1	2.23+0.0	2.20+0.3	1.91+0.1	1.86-0.3	2.17+0.1	2.05-0.1	2.10
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

Is Office Properties Income Trust profitable?

No, Office Properties Income Trust (OPINL) reported a net income of -$136.1M in fiscal year 2024.

What is Office Properties Income Trust's earnings per share (EPS)?

Office Properties Income Trust (OPINL) reported diluted earnings per share of $-2.63 for fiscal year 2024. This represents a -82.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

How much debt does Office Properties Income Trust have?

As of fiscal year 2024, Office Properties Income Trust (OPINL) had $261.3M in cash and equivalents against $2.5B in long-term debt.

Does Office Properties Income Trust pay dividends?

Yes, Office Properties Income Trust (OPINL) paid $0.04 per share in dividends during fiscal year 2024.

What is Office Properties Income Trust's operating cash flow?

Office Properties Income Trust (OPINL) generated $67.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Office Properties Income Trust's total assets?

Office Properties Income Trust (OPINL) had $3.8B in total assets as of fiscal year 2024, including both current and long-term assets.

Does Office Properties Income Trust buy back shares?

Yes, Office Properties Income Trust (OPINL) spent $192K on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Office Properties Income Trust have outstanding?

Office Properties Income Trust (OPINL) had 70M shares outstanding as of fiscal year 2024.

What is Office Properties Income Trust's debt-to-equity ratio?

Office Properties Income Trust (OPINL) had a debt-to-equity ratio of 2.20 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Office Properties Income Trust's return on assets (ROA)?

Office Properties Income Trust (OPINL) had a return on assets of -3.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Office Properties Income Trust's Piotroski F-Score?

Office Properties Income Trust (OPINL) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Office Properties Income Trust's earnings high quality?

Office Properties Income Trust (OPINL) has an earnings quality ratio of -0.49x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.