Office Pptys Income Tr Stock Price, News & Analysis

Industrial Logistics Properties Trust (Nasdaq: ILPT) has announced its financial results for the quarter ending March 31, 2023. The company operates a portfolio of 413 properties totaling approximately 60 million rentable square feet, primarily serving the e-commerce sector. As of the end of Q1 2023, about 78% of ILPT’s annualized rental revenues come from investment-grade tenants or subsidiaries of such entities. The company is managed by The RMR Group (Nasdaq: RMR), which has over $37 billion in assets under management. A conference call to discuss these results is scheduled for April 26, 2023, at 10:00 a.m. ET, with access via phone or live audio on ILPT's website.

Office Properties Income Trust (Nasdaq: OPI) has announced the release of its first quarter 2023 financial results, scheduled for April 26, 2023, after Nasdaq's market closes. A conference call hosted by President Christopher Bilotto and CFO Matthew Brown will follow on April 27, 2023, at 10:00 a.m. ET to discuss these results. Investors can join the call by dialing (877) 328-1172 or (412) 317-5418 for international participants. A replay will be available until May 4, 2023, at 11:59 p.m. ET. As of December 31, 2022, OPI owned 160 properties across 30 states and Washington, D.C., generating approximately 63% of revenues from investment-grade rated tenants. The company has been recognized as an Energy Star Partner of the Year for six consecutive years, highlighting its commitment to sustainable practices.

Industrial Logistics Properties Trust (Nasdaq: ILPT) announced it will release its first quarter 2023 financial results on April 25, 2023, after market close. A conference call is scheduled for April 26, 2023, at 10:00 a.m. ET, featuring President Yael Duffy and CFO Brian Donley to discuss the results. Investors can participate via telephone or listen through a live webcast on the company's website. As of December 31, 2022, ILPT managed a portfolio of 413 properties with approximately 60.0 million rentable square feet across 39 states, with over 78% of annualized rental revenues from investment-grade tenants. The company is managed by The RMR Group, which oversees more than $37 billion in assets. For more information, visit ILPT's website.

Industrial Logistics Properties Trust (Nasdaq: ILPT) has announced a regular quarterly cash distribution of $0.01 per common share, equating to $0.04 annually. This distribution will be paid to shareholders of record as of April 24, 2023, and is set to be distributed on or about May 18, 2023.

As of December 31, 2022, ILPT’s portfolio comprises 413 properties with approximately 60.0 million rentable square feet across 39 states. Notably, over 78% of ILPT's annual rental revenue comes from investment-grade tenants. The company is managed by The RMR Group, which oversees more than $37 billion in assets. ILPT operates as a Maryland Real Estate Investment Trust focused on logistics properties crucial for the e-commerce sector.

Office Properties Income Trust (Nasdaq: OPI) announced a reduction in its quarterly cash distribution to $0.25 per share, totaling $1.00 annually. This change will take effect for shareholders of record on April 24, 2023, with payment expected on or about May 18, 2023.

Additionally, OPI is moving forward with a proposed merger with Diversified Healthcare Trust (Nasdaq: DHC), expected to close in the third quarter of 2023, pending shareholder approval and other necessary conditions. As of December 31, 2022, OPI owned 160 properties across 30 states, with 63% of revenues coming from investment-grade rated tenants.

Office Properties Income Trust (Nasdaq: OPI) has announced a merger with Diversified Healthcare Trust (Nasdaq: DHC), where OPI will acquire all outstanding common shares of DHC in an all-share transaction. The merger, unanimously approved by both boards, aims to create a diversified REIT with enhanced growth potential by accessing DHC’s portfolio of medical office and life science properties and senior living communities. DHC shareholders will receive 0.147 shares of OPI for each DHC common share, leading to OPI shareholders owning approximately 58% of the new entity. The transaction is expected to close in Q3 2023 and is projected to be accretive to OPI’s normalized funds from operations starting in H2 2024, with a cash distribution reset to $0.25 per share quarterly beginning Q2 2023.

Diversified Healthcare Trust (Nasdaq: DHC) has announced a definitive merger agreement with Office Properties Income Trust (Nasdaq: OPI), wherein OPI will acquire all DHC shares in an all-share transaction. Shareholders of DHC will receive 0.147 shares of OPI for each DHC share, reflecting a 20% premium based on the 30-day average closing price of DHC.

This merger aims to enhance financial flexibility, ensure immediate compliance with debt covenants, and support ongoing capital plans. DHC shareholders will benefit from a substantial increase in expected distributions, rising from $0.04 to $1.00 annually, marking a 267% increase. The merger is anticipated to be accretive to DHC’s normalized funds from operations and lead to annual savings of $2 million to $3 million.