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

FY2025 annual

Revenue $442.6M -11.8% YoY

Net Income -$272.4M -100.1% YoY

EPS (Diluted) -$3.79 -44.1% YoY

Free Cash Flow Not reported for FY2025

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

Office Properties Income Trust (OPINL) reported $442.6M in revenue for fiscal year 2025, down 11.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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 health score not available

Office Properties Income Trust does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

1/7

Office Properties Income Trust passes 1 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 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 No Cash Backing

N/A

Office Properties Income Trust reported a net loss of $272.4M while operations used $6.6M of cash. With neither figure positive, the ratio between the two carries no quality signal.

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.

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.

EBITDA

Not reported for fiscal year 2025.

Cash & Balance Sheet

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%

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%

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

Free Cash Flow

Not reported for fiscal year 2025.

Margins & Returns

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.

Gross Margin

Not reported for fiscal year 2025.

Operating Margin

Not reported for fiscal year 2025.

Capital Allocation

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.

R&D Spending

Not reported for fiscal year 2025.

Capital Expenditures

Not reported for fiscal year 2025.

OPINL Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

OPINL annual income statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Revenue	$437.8M	$442.6M-11.8%	$502.0M	N/A	N/A	N/A	N/A	$678.4M+59.0%	$426.6M+34.8%	$316.5M	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$18.7M	$19.4M-8.0%	$21.1M-7.1%	$22.7M-9.6%	$25.1M-6.4%	$26.9M-5.6%	$28.4M-13.1%	$32.7M+31.3%	$24.9M+32.2%	$18.8M+26.5%	$14.9M+0.5%	$14.8M-6.2%	$15.8M+24.4%	$12.7M+6.6%	$11.9M+13.9%	$10.5M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$54.3M-18.5%	$66.7M+1.1%	$66.0M-7.8%	$71.5M-0.8%	$72.1M+9.6%	$65.8M+21.3%	$54.2M
Interest Expense	$192.3M	$203.5M+24.3%	$163.7M+48.0%	$110.6M+6.9%	$103.5M-7.9%	$112.4M+3.8%	$108.3M-19.7%	$134.9M+50.1%	$89.9M+37.4%	$65.4M+45.2%	$45.1M+21.8%	$37.0M+31.9%	$28.0M+66.6%	$16.8M-0.4%	$16.9M+40.1%	$12.1M
Income Tax	-$167K	$116K-42.9%	$203K-42.2%	$351K+30.0%	$270K+7.6%	$251K-33.4%	$377K-51.5%	$778K+565.0%	$117K+15.8%	$101K0.0%	$101K+17.4%	$86K-26.5%	$117K-12.0%	$133K-16.4%	$159K-21.7%	$203K
Net Income	-$319.5M	-$272.4M-100.1%	-$136.1M-96.0%	-$69.4M-1036.6%	-$6.1M+25.3%	-$8.2M-222.5%	$6.7M-78.0%	$30.3M+238.6%	-$21.9M-281.0%	$12.1M-79.1%	$57.8M+127.5%	-$210.0M-471.4%	$56.5M+3.5%	$54.6M+9.3%	$50.0M+8.6%	$46.0M
EPS (Diluted)	—	-$3.79-44.1%	-$2.63-82.6%	-$1.44-928.6%	-$0.14+17.6%	-$0.17-221.4%	$0.14-77.8%	$0.63	N/A	N/A	$0.82+127.7%	-$2.96-444.2%	$0.86-15.7%	$1.02+1.0%	$1.01	N/A

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
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
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

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.

TTM is the trailing twelve months, Q2 FY2025 through Q1 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.

OPINL Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

OPINL annual balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Total Assets	$3.5B-8.7%	$3.8B-4.2%	$4.0B+0.2%	$4.0B-6.2%	$4.2B+7.5%	$3.9B-5.9%	$4.2B-20.0%	$5.2B+41.4%	$3.7B+55.3%	$2.4B+10.0%	$2.2B-10.4%	$2.4B+48.2%	$1.6B+4.5%	$1.6B+14.1%	$1.4B
Cash & Equivalents	$29.5M-88.7%	$261.3M+2021.9%	$12.3M+0.5%	$12.2M-85.2%	$83.0M+97.5%	$42.0M-55.1%	$93.7M+165.2%	$35.3M+113.3%	$16.6M-44.7%	$29.9M+240.8%	$8.8M-36.3%	$13.8M+80.0%	$7.7M+45.8%	$5.3M+60.6%	$3.3M
Accounts Receivable	N/A	$155.7M+16.8%	$133.3M+26.2%	$105.6M-6.4%	$112.9M+10.9%	$101.8M+21.8%	$83.6M+16.0%	$72.1M+17.3%	$61.4M+26.8%	$48.5M+7.0%	$45.3M+24.9%	$36.2M+8.7%	$33.4M+15.5%	$28.9M+0.2%	$28.8M
Total Liabilities	$2.6B-2.3%	$2.7B-2.4%	$2.7B+5.4%	$2.6B-5.5%	$2.7B+17.5%	$2.3B-6.0%	$2.5B-28.1%	$3.5B+47.0%	$2.4B+62.3%	$1.5B+19.7%	$1.2B+7.2%	$1.1B+75.8%	$642.8M+20.2%	$534.7M+12.1%	$476.9M
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-5.9%	$2.3B-28.1%	$3.3B+45.0%	$2.2B+62.5%	$1.4B	N/A	N/A	$596.0M+21.5%	$490.5M+11.9%	$438.3M
Total Equity	$881.0M-23.6%	$1.2B-8.2%	$1.3B-9.4%	$1.4B-7.4%	$1.5B-7.0%	$1.6B-5.6%	$1.7B-4.1%	$1.8B+33.8%	$1.3B+42.2%	$935.0M-2.3%	$956.7M-26.3%	$1.3B+31.1%	$989.7M-3.7%	$1.0B+15.2%	$891.7M
Retained Earnings	-$308.3M-758.0%	-$35.9M-135.9%	$100.2M-40.9%	$169.6M-3.5%	$175.7M-4.4%	$183.9M+3.8%	$177.2M+20.7%	$146.9M+35.8%	$108.1M+12.3%	$96.3M+150.3%	$38.5M-84.5%	$248.4M+29.5%	$191.9M+39.8%	$137.3M+57.2%	$87.3M

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
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
Accounts Receivable	N/A	N/A	$162.6M	N/A	N/A	$155.7M+6.2%	$146.6M+4.3%	$140.5M
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
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

Not reported in any period shown, so not listed: Current Assets, Inventory, Goodwill, Current Liabilities.

OPINL Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

OPINL annual cash flow statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Operating Cash Flow	-$30.9M	-$6.6M-109.8%	$67.2M-52.6%	$141.7M-26.4%	$192.6M-13.0%	$221.5M-5.2%	$233.6M+8.5%	$215.3M+48.6%	$144.9M+5.4%	$137.6M+8.5%	$126.7M+14.3%	$110.8M-15.2%	$130.7M+20.6%	$108.4M+8.1%	$100.3M+24.6%	$80.5M
Investing Cash Flow	-$27.9M	$2.2M-96.7%	$66.6M+134.2%	-$194.8M-4113.3%	-$4.6M+99.0%	-$443.0M-1827.1%	-$23.0M-102.6%	$877.8M+18.8%	$738.7M+162.2%	-$1.2B-444.7%	-$218.1M-244.4%	-$63.3M+91.5%	-$748.8M-537.2%	-$117.5M-150.5%	$232.5M+159.5%	-$390.6M
Financing Cash Flow	$69.8M	-$190.1M-265.8%	$114.7M+69.7%	$67.6M+126.0%	-$260.3M-204.5%	$249.2M+197.9%	-$254.5M+75.3%	-$1.0B-19.3%	-$864.3M-183.1%	$1.0B+827.9%	$112.1M+308.4%	-$53.8M-108.6%	$624.2M+5316.2%	$11.5M-91.4%	$134.1M-56.9%	$310.9M
Dividends Paid	$709K	$1.4M-30.8%	$2.0M-96.8%	$63.2M-40.7%	$106.6M+0.2%	$106.4M+0.2%	$106.1M+0.2%	$105.9M-37.9%	$170.6M+17.5%	$145.2M+18.7%	$122.4M+0.6%	$121.7M+20.6%	$100.9M+7.2%	$94.0M+13.6%	$82.8M+17.7%	$70.4M
Share Buybacks	N/A	$32K-83.3%	$192K-34.7%	$294K-45.6%	$540K-46.2%	$1.0M+131.1%	$434K-8.2%	$473K+103.9%	$232K-12.1%	$264K-21.7%	$337K+95.9%	$172K	$0	N/A	N/A	N/A

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
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

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.

OPINL Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

OPINL annual financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	17.2%	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	4.5%+9.6pp	-5.1%-8.9pp	3.8%	N/A	N/A	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%-1.4pp	1.8%+3.0pp	-1.2%-2.1pp	0.9%-5.3pp	6.2%+28.1pp	-21.9%-26.3pp	4.4%-1.2pp	5.5%+0.7pp	4.9%-0.3pp	5.2%
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%-0.5pp	0.7%+1.1pp	-0.4%-0.8pp	0.3%-2.1pp	2.4%+12.1pp	-9.7%-12.0pp	2.3%-1.0pp	3.4%+0.2pp	3.2%-0.2pp	3.4%
Debt-to-Equity	2.73+0.5x	2.20+0.1x	2.05+0.3x	1.750.0x	1.72+0.4x	1.370.0x	1.37-0.5x	1.83+0.1x	1.69+0.2x	1.48+0.2x	1.27+0.4x	0.87+0.3x	0.60+0.1x	0.480.0x	0.49

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Net Margin	-85.4%	-113.0%	-60.8%-24.8pp	-36.0%+4.4pp	-40.4%	-125.8%	-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%
Debt-to-Equity	3.40+0.7x	2.73+0.2x	2.50+0.2x	2.34+0.1x	2.230.0x	2.20+0.3x	1.91+0.1x	1.86

Not reported in any period shown, so not listed: Gross Margin, Current Ratio, FCF Margin.

Where Office Properties Income Trust Ranks

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) recorded an outflow of $6.6M in operating cash flow during fiscal year 2025, representing cash used by 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 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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) reported a net loss of $272.4M while operations used $6.6M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.