Office Properties Income Trust Financials
This page shows Office Properties Income Trust (OPIRQ) 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).
Non-cash-heavy operations still produce cash, but rising financing burden and balance-sheet support now dominate the story.
From FY2020 to FY2024, operating cash flow fell from$234M to$67M while interest expense rose from$108M to$164M ; the business still throws off cash before major non-cash charges, but a larger share is being absorbed by creditors. FY2024 cash of$261M therefore overstates operating breathing room, because it was lifted by$115M of financing inflow and$67M of investing inflow, not by a rebound in core cash generation.
Accounting losses and cash generation have diverged for years: net income was negative in each of the last four years, yet operating cash flow stayed positive because depreciation and amortization of
Leverage has risen mostly because equity has been worn down, not because debt suddenly jumped: long-term debt was still about
Financial Health Signals
Based on FY2024 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.
Office Properties Income Trust has a moderate D/E ratio of 2.20. This balance of debt and equity financing earns a leverage score of 57/100.
Office Properties Income Trust generates a -11.8% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -5.5% the prior year.
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).
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
Earnings & Revenue
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.
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 & Balance Sheet
Office Properties Income Trust held $261.3M in cash against $2.5B in long-term debt as of fiscal year 2024.
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.
Office Properties Income Trust had 70M shares outstanding in fiscal year 2024. This represents an increase of 43.2% from the prior year.
Margins & Returns
Office Properties Income Trust's ROE was -11.8% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 6.3 percentage points from the prior year.
Capital Allocation
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.
OPIRQ Income Statement
| 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 |
OPIRQ Balance Sheet
| 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 |
OPIRQ Cash Flow Statement
| 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 |
OPIRQ Financial Ratios
| 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 | -3.9%+0.3pp | -4.1% | N/A | -4.6%-10.3pp | 5.7%+6.1pp | -0.4% | N/A | -1.5% |
| 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 (OPIRQ) reported a net income of -$136.1M in fiscal year 2024.
How much debt does Office Properties Income Trust have?
As of fiscal year 2024, Office Properties Income Trust (OPIRQ) 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 (OPIRQ) paid $0.04 per share in dividends during fiscal year 2024.
What is Office Properties Income Trust's return on equity (ROE)?
Office Properties Income Trust (OPIRQ) has a return on equity of -11.8% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Office Properties Income Trust's operating cash flow?
Office Properties Income Trust (OPIRQ) 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 (OPIRQ) had $3.8B in total assets as of fiscal year 2024, including both current and long-term assets.
What is Office Properties Income Trust's debt-to-equity ratio?
Office Properties Income Trust (OPIRQ) 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 (OPIRQ) 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 (OPIRQ) 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 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 (OPIRQ) 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.
How financially healthy is Office Properties Income Trust?
Office Properties Income Trust (OPIRQ) scores 10 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.