Office Pptys Income Tr Stock Price, News & Analysis

Industrial Logistics Properties Trust (Nasdaq: ILPT) has reduced its quarterly cash distribution to $0.01 per share for the second quarter, payable on August 18, 2022. This decision follows the strategic acquisition of Monmouth Real Estate Investment Corporation but stems from rising interest rates and worsened real estate market conditions. ILPT aims to enhance liquidity while it works on a long-term financing plan for this acquisition, with hopes to restore dividends closer to historical levels in 2023.

Office Properties Income Trust (Nasdaq: OPI) announced a quarterly cash distribution of $0.55 per share, amounting to $2.20 per share annually. This payment will be made to shareholders on record as of July 25, 2022, with distribution on or about August 18, 2022. OPI, focused on office properties leased to high-credit tenants, reports that approximately 64% of its revenue comes from investment-grade rated tenants. The REIT operates over 170 properties across 32 states.

Office Properties Income Trust (Nasdaq: OPI) will release its second quarter 2022 financial results after market close on July 28, 2022. A conference call will follow on July 29, 2022, at 10:00 a.m. ET, featuring President Christopher Bilotto and CFO Matthew Brown.

Investors can join the call at (877) 328-1172, or (412) 317-5418 for international participants. A replay will be accessible until August 5, 2022, and a live audio webcast will also be available on their website.

Industrial Logistics Properties Trust (Nasdaq: ILPT) will release its second quarter 2022 financial results after the market closes on July 26, 2022. A conference call hosted by President Yael Duffy and CFO Richard Siedel will take place on July 27, 2022, at 10:00 a.m. ET. The call can be accessed by dialing (877) 418-4826 or (412) 902-6758 from outside the U.S. A replay will be available until August 3, 2022, and a live audio webcast will also be on the company’s website. ILPT focuses on high-quality distribution properties and has a portfolio of 412 properties across 39 states.

Office Properties Income Trust (Nasdaq: OPI) held its 2022 Annual Meeting of Shareholders, where key outcomes included the re-election of Trustees Barbara D. Gilmore (75.6%), John L. Harrington (82.0%), William A. Lamkin (96.7%), Elena B. Poptodorova (76.6%), and Managing Trustee Adam D. Portnoy (66.7%). Shareholders approved executive compensation with 92.8% support and ratified Deloitte & Touche LLP as independent auditors for 2022 with 98.7% approval. OPI focuses on owning and leasing office properties primarily to high-quality single tenants.

Office Properties Income Trust (Nasdaq: OPI) announced that President Chris Bilotto and CFO Matt Brown will present at Nareit’s REITweek: 2022 Investor Conference on June 8, 2022, at 8:45 a.m. Eastern Time in New York, NY. A live audio webcast of the presentation will be available on their website, starting 15 minutes before the event. As of March 31, 2022, OPI owned over 170 properties across 32 states, generating approximately 64% of its revenue from investment-grade-rated tenants. OPI was recognized as an Energy Star® Partner of the Year for the fifth consecutive year.

Industrial Logistics Properties Trust (Nasdaq: ILPT) announced that President and COO Yael Duffy will present at Nareit’s REITweek: 2022 Investor Conference in New York, NY on June 7, 2022, at 3:45 p.m. Eastern Time. A live audio webcast of the presentation will be available on the company's website, with access encouraged 15 minutes prior to the start.

As of March 31, 2022, ILPT's portfolio includes 412 properties totaling approximately 59.7 million rentable square feet across 39 states, with 77% of annual rental revenues from investment-grade tenants.

Office Properties Income Trust (Nasdaq: OPI) has been awarded Gold Level 2022 Green Lease Leader by the U.S. Department of Energy's Better Buildings Alliance and the Institute for Market Transformation, marking its second recognition. This honor acknowledges OPI’s commitment to energy efficiency and sustainability, with credits for utility data tracking and sustainability training. Additionally, OPI has been named ENERGY STAR Partner of the Year for five consecutive years, with 47 ENERGY STAR certified properties and 40 designated as 360 Performance Buildings by BOMA, showcasing its leadership in sustainable commercial real estate.

Office Properties Income Trust (Nasdaq: OPI) announced strong first quarter 2022 leasing results, totaling 572,000 square feet, with a 5.1% weighted average roll-up in rents and a 10.7-year weighted average lease term. President Chris Bilotto and CFO Matt Brown will represent OPI at the B. Riley Securities Institutional Investor Conference on May 25, 2022, in Beverly Hills, CA. OPI's revenues largely stem from investment-grade rated tenants, with 64% of revenues as of March 31, 2022. The company manages over 170 properties across 32 states and D.C.