Welcome to our dedicated page for Office Pptys Income Tr news (Ticker: OPI), a resource for investors and traders seeking the latest updates and insights on Office Pptys Income Tr stock.
Office Properties Income Trust (OPI) provides investors with comprehensive updates on its single-tenant office property portfolio and REIT operations. This centralized resource delivers official press releases and curated news about strategic leasing activity, financial performance, and portfolio management.
Track OPI's government-focused leasing strategy through updates on tenant agreements, property acquisitions, and operational milestones. Users gain timely insights into earnings announcements, capital allocation decisions, and industry positioning within the commercial real estate sector.
The page consolidates OPI's corporate communications including updates on high-credit tenant partnerships, geographic expansion, and management commentary. Content is maintained for accuracy and relevance to support informed analysis of this specialized REIT's performance.
Bookmark this page for direct access to OPI's verified announcements and market-moving developments. Check regularly for updates reflecting the trust's focus on stable income generation through government-backed leases and disciplined property management.
Industrial Logistics Properties Trust (ILPT) has announced its dividend allocation for 2024. The company will distribute quarterly dividends of $0.01 per share, totaling $0.04 per share for the year. The dividends are scheduled for payment on February 15, May 16, August 15, and November 14, 2024.
The entire dividend amount of $0.04 per share is categorized as Return of Capital for tax purposes, with no allocation to Ordinary Income, Section 199A Dividend, Qualified Dividend, Capital Gain, or Unrecaptured Section 1250 Gain categories.
Industrial Logistics Properties Trust (ILPT) has scheduled its fourth quarter 2024 financial results announcement and conference call. The company will release its financial results after Nasdaq's closing on Tuesday, February 18, 2025. President and COO Yael Duffy, CFO Tiffany Sy, and VP Marc Krohn will host a conference call on Wednesday, February 19, 2025, at 1:00 p.m. Eastern Time.
The conference call will be accessible via telephone at (877) 418-4826 for U.S. callers and (412) 902-6758 for international callers. A replay will be available until February 26, 2025, at (877) 344-7529 with pass code 5593087. Additionally, a live audio webcast will be available on www.ilptreit.com, with replay access after the call.
Office Properties Income Trust (Nasdaq: OPI) has announced its regular quarterly cash distribution. The company will pay a dividend of $0.01 per share, which amounts to $0.04 per share annually. The dividend will be paid to shareholders who are on record as of January 27, 2025, with the distribution scheduled for around February 20, 2025.
Industrial Logistics Properties Trust (ILPT) has declared its regular quarterly cash dividend of $0.01 per share, equivalent to an annual rate of $0.04 per share. The dividend will be paid to shareholders of record as of January 27, 2025, with the distribution scheduled for around February 20, 2025.
Office Properties Income Trust (OPI) has announced significant asset sales and debt management initiatives. The company completed the sale of 17 unencumbered properties for $114.5 million during Q4 2024. These properties, totaling approximately 1.79 million square feet with a gross book value of $255.6 million, were 44% occupied with a 2.3-year weighted average remaining lease term.
The sold properties generated trailing twelve months net operating income of $17.8 million and cash basis net operating income of $19.4 million. Additionally, OPI has agreements to sell six more properties (581,000 square feet) for $54.8 million.
The company also announced plans to redeem its remaining $113.1 million of 4.50% Senior Notes due 2025, expected to occur around January 22, 2025, using cash on hand.
Office Properties Income Trust (OPI) has completed a private exchange of its 4.50% senior unsecured notes due 2025. The exchange involves $340 million of 2025 Notes for: $445 million of new 3.25% senior secured notes due 2027, approximately 11.5 million shares of OPI common stock, and $25.0 million in premiums. OPI plans to handle the remaining $113.1 million of 2025 Notes before their February 2025 maturity.
The new 2027 Notes require quarterly principal payments of $6.5 million and a mandatory $125 million payment by March 2026. These notes are secured by first-priority liens on 35 properties worth approximately $1.3 billion and second-priority liens on 19 properties worth about $717 million.
Office Properties Income Trust (OPI) has entered into a private exchange agreement with noteholders to address its 2025 debt maturities. The agreement allows for exchanging up to $340 million of the $453.6 million outstanding senior unsecured notes due 2025. Noteholders will receive $445 million new senior secured notes due 2027, approximately 11.5 million shares of OPI common stock (19.9% of outstanding shares), and cash for accrued interest. The 2027 Notes will have a 3.25% interest rate, requiring quarterly principal amortization of $6.5 million and a $125 million mandatory repayment by March 2026. The notes will be secured by first-priority liens on 35 properties worth $1.3 billion and second-priority liens on 19 additional properties.
Office Properties Income Trust (Nasdaq: OPI) has announced its financial results for the third quarter ended September 30, 2024. The detailed results are available on the company's website in the Quarterly Results section. A conference call to discuss the results is scheduled for Thursday, October 31, 2024, at 10:00 a.m. Eastern Time, accessible via phone or webcast through the company's website.
Industrial Logistics Properties Trust (ILPT) announced its financial results for Q3 2024, ending September 30. The company will host a conference call on October 30, 2024, at 10:00 a.m. Eastern Time to discuss the results. Investors can access the call by dialing (877) 418-4826 or (412) 902-6758 for international callers. A replay will be available for one week by dialing (877) 344-7529 with pass code 4340081. A live audio webcast will be available on ILPT's website, with an archived version accessible after the call.
Office Properties Income Trust (OPI) has announced a regular quarterly cash distribution on its common shares. The distribution amount is set at $0.01 per common share, which equates to $0.04 per share annually. This dividend will be paid to OPI's common shareholders who are on record as of the close of business on October 28, 2024. The distribution is scheduled to be distributed on or about November 14, 2024.
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