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

Office Properties Income Trust (OPINL) reported diluted earnings per share of $-3.79 for fiscal year 2025. This represents a -44.1% 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.

Office Properties Income Trust Financials

OPINL

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 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 17 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).

Rhea AI OPINL FY2025 2026-05-22

A shrinking non-cash depreciation cushion and rising financing burden now define how this asset-heavy business absorbs losses.

From FY2023 to FY2025, depreciation and amortization fell from $209.3M to $175.0M. Operating cash flow followed that erosion, sliding from $141.7M to -$6.6M; with net losses worsening at the same time, the business lost the non-cash cushion that had been softening weak core cash generation.

Long-term debt fell only modestly to $2.41B by FY2025, while equity erosion left book capital at $881M. That pushed debt-to-equity from 2.0x in FY2023 to 2.7x in FY2025, so the capital structure became more debt-weighted even without major new borrowing, leaving creditors supported by a thinner equity layer.

SG&A fell from $22.7M in FY2023 to $19.4M in FY2025, so administrative trimming was real. But interest expense reached $203.5M in FY2025, which implies the earnings drag is now dominated more by financing costs than by corporate overhead; office-level savings are simply too small to offset debt service at this scale.

Financial Health Signals

Financial Profile 8/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Office Properties Income Trust's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Leverage

Office Properties Income Trust has a moderate D/E ratio of 2.73. This balance of debt and equity financing earns a leverage score of 46/100.

Returns

Office Properties Income Trust generates a -30.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -11.8% the prior year.

Piotroski F-Score Weak

1/9

Office Properties Income Trust passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Low Quality

0.02x

For every $1 of reported earnings, Office Properties Income Trust generates $0.02 in operating cash flow (-$6.6M OCF vs -$272.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

$442.6M

YoY-11.8%

Office Properties Income Trust generated $442.6M in revenue in fiscal year 2025. This represents a decrease of 11.8% from the prior year.

EBITDA

N/A

Net Income

-$272.4M

YoY-100.1%

Office Properties Income Trust reported -$272.4M in net income in fiscal year 2025. This represents a decrease of 100.1% from the prior year.

EPS (Diluted)

$-3.79

YoY-44.1%

Office Properties Income Trust earned $-3.79 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 44.1% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$29.5M

YoY-88.7%

5Y CAGR-6.9%

10Y CAGR+12.9%

Office Properties Income Trust held $29.5M in cash against $2.4B in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.02

YoY-50.0%

5Y CAGR-60.9%

10Y CAGR-35.9%

Office Properties Income Trust paid $0.02 per share in dividends in fiscal year 2025. This represents a decrease of 50.0% from the prior year.

Shares Outstanding

74M

YoY+5.9%

5Y CAGR+8.9%

10Y CAGR+0.4%

Office Properties Income Trust had 74M shares outstanding in fiscal year 2025. This represents an increase of 5.9% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

-61.6%

YoY-34.4pp

Office Properties Income Trust's net profit margin was -61.6% in fiscal year 2025, showing the share of revenue converted to profit. This is down 34.4 percentage points from the prior year.

Return on Equity

-30.9%

YoY-19.1pp

5Y CAGR-31.3pp

10Y CAGR-9.0pp

Office Properties Income Trust's ROE was -30.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 19.1 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$32K

YoY-83.3%

5Y CAGR-40.6%

10Y CAGR-15.5%

Office Properties Income Trust spent $32K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 83.3% from the prior year.

Capital Expenditures

N/A

OPINL Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$442.6M-11.8%	$502.0M	N/A	N/A	N/A	N/A
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	$19.4M-8.0%	$21.1M-7.1%	$22.7M-9.6%	$25.1M-6.4%	$26.9M-5.6%	$28.4M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$203.5M+24.3%	$163.7M+48.0%	$110.6M+6.9%	$103.5M-7.9%	$112.4M+3.8%	$108.3M
Income Tax	$116K-42.9%	$203K-42.2%	$351K+30.0%	$270K+7.6%	$251K-33.4%	$377K
Net Income	-$272.4M-100.1%	-$136.1M-96.0%	-$69.4M-1036.6%	-$6.1M+25.3%	-$8.2M-222.5%	$6.7M
EPS (Diluted)	$-3.79-44.1%	$-2.63-82.6%	$-1.44-928.6%	$-0.14+17.6%	$-0.17-221.4%	$0.14

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$108.9M+3.4%	$105.3M-3.5%	$109.1M-4.7%	$114.5M+0.8%	$113.6M-3.9%	$118.2M-2.0%	$120.6M-2.5%	$123.7M
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	$4.3M-6.4%	$4.6M-7.5%	$5.0M+3.1%	$4.8M-4.8%	$5.1M-4.0%	$5.3M+6.9%	$4.9M-6.9%	$5.3M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$42.2M-4.7%	$44.3M-16.8%	$53.3M+1.4%	$52.5M-1.6%	$53.4M+12.8%	$47.3M+11.2%	$42.6M+11.0%	$38.3M
Income Tax	-$146K-200.0%	$146K+155.9%	-$261K-377.7%	$94K-31.4%	$137K+470.8%	$24K-89.6%	$230K+315.0%	-$107K
Net Income	-$93.0M+21.8%	-$119.0M-79.4%	-$66.3M-61.1%	-$41.2M+10.2%	-$45.9M+69.2%	-$148.7M-154.5%	-$58.4M-176.7%	$76.2M
EPS (Diluted)	$-1.26	N/A	$-0.90-55.2%	$-0.58+12.1%	$-0.66	N/A	$-1.14-173.1%	$1.56

OPINL Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$3.5B-8.7%	$3.8B-4.2%	$4.0B+0.2%	$4.0B-6.2%	$4.2B+7.5%	$3.9B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$29.5M-88.7%	$261.3M+2021.9%	$12.3M+0.5%	$12.2M-85.2%	$83.0M+97.5%	$42.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	$155.7M+16.8%	$133.3M+26.2%	$105.6M-6.4%	$112.9M+10.9%	$101.8M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$2.6B-2.3%	$2.7B-2.4%	$2.7B+5.4%	$2.6B-5.5%	$2.7B+17.5%	$2.3B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$2.4B-5.0%	$2.5B-1.5%	$2.6B+5.7%	$2.4B-5.6%	$2.6B+17.0%	$2.2B
Total Equity	$881.0M-23.6%	$1.2B-8.2%	$1.3B-9.4%	$1.4B-7.4%	$1.5B-7.0%	$1.6B
Retained Earnings	-$308.3M-758.0%	-$35.9M-135.9%	$100.2M-40.9%	$169.6M-3.5%	$175.7M-4.4%	$183.9M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$3.5B-0.6%	$3.5B-0.4%	$3.5B-1.7%	$3.6B-0.2%	$3.6B-6.6%	$3.8B+2.6%	$3.7B-1.9%	$3.8B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$26.3M-10.8%	$29.5M-33.9%	$44.6M-42.9%	$78.2M+22.6%	$63.7M-75.6%	$261.3M+1068.5%	$22.4M+65.7%	$13.5M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	$162.6M	N/A	N/A	$155.7M+6.2%	$146.6M+4.3%	$140.5M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$2.7B+2.8%	$2.6B+4.2%	$2.5B+0.3%	$2.5B+1.3%	$2.5B-7.7%	$2.7B+9.1%	$2.4B-0.9%	$2.5B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	$2.4B	N/A	N/A	N/A	$2.5B	N/A	N/A
Total Equity	$788.1M-10.5%	$881.0M-11.9%	$999.8M-6.2%	$1.1B-3.7%	$1.1B-4.0%	$1.2B-9.8%	$1.3B-3.8%	$1.3B
Retained Earnings	-$401.3M-30.2%	-$308.3M-62.8%	-$189.3M-53.9%	-$123.0M-50.3%	-$81.8M-127.6%	-$35.9M-131.9%	$112.7M-34.1%	$171.2M

OPINL Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$6.6M-109.8%	$67.2M-52.6%	$141.7M-26.4%	$192.6M-13.0%	$221.5M-5.2%	$233.6M
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	$2.2M-96.7%	$66.6M+134.2%	-$194.8M-4113.3%	-$4.6M+99.0%	-$443.0M-1827.1%	-$23.0M
Financing Cash Flow	-$190.1M-265.8%	$114.7M+69.7%	$67.6M+126.0%	-$260.3M-204.5%	$249.2M+197.9%	-$254.5M
Dividends Paid	$1.4M-30.8%	$2.0M-96.8%	$63.2M-40.7%	$106.6M+0.2%	$106.4M+0.2%	$106.1M
Share Buybacks	$32K-83.3%	$192K-34.7%	$294K-45.6%	$540K-46.2%	$1.0M+131.1%	$434K

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$52.9M-3047.8%	$1.8M+114.8%	-$12.2M-137.6%	$32.4M+213.3%	-$28.6M-211.1%	$25.7M+250.8%	-$17.1M-153.5%	$31.9M
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	-$15.0M-254.8%	$9.7M+180.8%	-$12.0M-14.2%	-$10.5M-170.0%	$15.0M-81.2%	$79.9M+894.4%	$8.0M+147.5%	-$16.9M
Financing Cash Flow	$75.0M+650.1%	$10.0M+216.3%	-$8.6M-30.8%	-$6.6M+96.4%	-$185.0M-238.7%	$133.3M+1122.1%	$10.9M+144.2%	-$24.7M
Dividends Paid	$0	$0	$0-100.0%	$709K+1.6%	$698K+25.5%	$556K+10.8%	$502K+2.9%	$488K
Share Buybacks	N/A	$0-100.0%	$27K+440.0%	$5K	$0-100.0%	$1K-99.4%	$170K+1033.3%	$15K

OPINL Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
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	-61.6%-34.4pp	-27.1%	N/A	N/A	N/A	N/A
Return on Equity	-30.9%-19.1pp	-11.8%-6.3pp	-5.5%-5.1pp	-0.4%+0.1pp	-0.5%-1.0pp	0.4%
Return on Assets	-7.8%-4.3pp	-3.6%-1.8pp	-1.7%-1.6pp	-0.1%+0.0pp	-0.2%-0.4pp	0.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	2.73+0.5	2.20+0.1	2.05+0.3	1.75+0.0	1.72+0.4	1.37
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
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	-85.4%+27.5pp	-113.0%-52.2pp	-60.8%-24.8pp	-36.0%+4.4pp	-40.4%+85.4pp	-125.8%-77.3pp	-48.4%-110.0pp	61.6%
Return on Equity	-11.8%+1.7pp	-13.5%-6.9pp	-6.6%-2.8pp	-3.9%+0.3pp	-4.1%+8.8pp	-12.9%-8.3pp	-4.6%-10.3pp	5.7%
Return on Assets	-2.7%+0.7pp	-3.4%-1.5pp	-1.9%-0.7pp	-1.2%+0.1pp	-1.3%+2.6pp	-3.9%-2.3pp	-1.6%-3.6pp	2.0%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	3.40+0.7	2.73+0.2	2.50+0.2	2.34+0.1	2.23+0.0	2.20+0.3	1.91+0.1	1.86
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

What is Office Properties Income Trust's annual revenue?

Office Properties Income Trust (OPINL) reported $442.6M in total revenue for fiscal year 2025. This represents a -11.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Office Properties Income Trust's revenue growing?

Office Properties Income Trust (OPINL) revenue declined by 11.8% year-over-year, from $502.0M to $442.6M in fiscal year 2025.

Is Office Properties Income Trust profitable?

No, Office Properties Income Trust (OPINL) reported a net income of -$272.4M in fiscal year 2025, with a net profit margin of -61.6%.

How much debt does Office Properties Income Trust have?

As of fiscal year 2025, Office Properties Income Trust (OPINL) had $29.5M in cash and equivalents against $2.4B in long-term debt.

What is Office Properties Income Trust's net profit margin?

Office Properties Income Trust (OPINL) had a net profit margin of -61.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Office Properties Income Trust pay dividends?

Yes, Office Properties Income Trust (OPINL) paid $0.02 per share in dividends during fiscal year 2025.

What is Office Properties Income Trust's return on equity (ROE)?

Office Properties Income Trust (OPINL) has a return on equity of -30.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

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

Office Properties Income Trust (OPINL) generated -$6.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Office Properties Income Trust's total assets?

Office Properties Income Trust (OPINL) had $3.5B in total assets as of fiscal year 2025, including both current and long-term assets.

Does Office Properties Income Trust buy back shares?

Yes, Office Properties Income Trust (OPINL) spent $32K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Office Properties Income Trust have outstanding?

Office Properties Income Trust (OPINL) had 74M shares outstanding as of fiscal year 2025.

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

Office Properties Income Trust (OPINL) had a debt-to-equity ratio of 2.73 as of fiscal year 2025, 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 -7.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Office Properties Income Trust's cash runway?

Based on fiscal year 2025 data, Office Properties Income Trust (OPINL) had $29.5M in cash against an annual operating cash burn of $6.6M. This gives an estimated cash runway of approximately 54 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

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

Office Properties Income Trust (OPINL) has a Piotroski F-Score of 1 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 to 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 0.02x, considered low quality (accrual-driven). 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.

How financially healthy is Office Properties Income Trust?

Office Properties Income Trust (OPINL) scores 8 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.