Office Pptys Income Tr Stock Price, News & Analysis

Industrial Logistics Properties Trust (Nasdaq: ILPT) has declared a regular quarterly cash distribution of $0.01 per common share, totaling $0.04 annually. Shareholders who hold ILPT common shares by the close of business on July 22, 2024, will receive the payment on or about August 15, 2024.

Office Properties Income Trust (OPI) will release its Q2 2024 financial results on July 31, 2024, after the Nasdaq market close. The company will host a conference call on August 1, 2024, at 10:00 a.m. Eastern Time to discuss the results. The call will be led by President and COO Yael Duffy, along with CFO and Treasurer Brian Donley. Participants in the US can dial (877) 328-1172, and international participants can use (412) 317-5418. A replay will be available until August 8, 2024. The live audio webcast and replay can be accessed on www.opireit.com.

Industrial Logistics Properties Trust (Nasdaq: ILPT) announced it will release its Q2 2024 financial results after the Nasdaq closes on July 30, 2024. A conference call to discuss these results will be held on July 31, 2024, at 10:00 a.m. Eastern Time, led by President and COO Yael Duffy, CFO Tiffany Sy, and VP Marc Krohn. The call is accessible via (877) 418-4826 for US and Canada participants or (412) 902-6758 for international callers, with no pass code required. Participants should dial in 15 minutes early. A replay will be available until 11:59 p.m. on August 7, 2024, by dialing (412) 317-0088 with pass code 4118140. A live and archived audio webcast will be available on the company’s website, www.ilptreit.com.

Industrial Logistics Properties Trust (ILPT) will be added to the Russell 3000® Index at the close of the U.S. equity markets on June 28, 2024. This inclusion is part of the 2024 Russell U.S. Indexes annual reconstitution, effective after market close. The preliminary list of additions was posted by FTSE Russell on June 21, 2024. This addition could enhance ILPT's visibility and attract more investors, potentially impacting its stock performance positively.

Office Properties Income Trust (Nasdaq: OPI) announced the final results of its private exchange offers for senior unsecured notes. The offers were to exchange notes due in 2025, 2026, 2027, and 2031 for new 9.000% Senior Secured Notes due 2029. The aggregate principal amount of notes accepted for exchange totaled $865.2 million, with $567.4 million in new notes expected to be issued. The exchange offers expired on June 17, 2024, and the settlement date is anticipated to be June 20, 2024. The new notes and related guarantees are not registered under the Securities Act of 1933 and come with transfer restrictions. Only qualified institutional buyers and certain non-U.S. persons were eligible to participate.

Office Properties Income Trust (Nasdaq: OPI) announced a Support Agreement with certain noteholders. This agreement pertains to its private exchange offers, allowing the exchange of outstanding senior unsecured notes due between 2025 and 2031 for new 9.000% Senior Secured Notes due 2029. As part of this, approximately $432 million in notes will be exchanged, and 1,433,169 shares of OPI common stock will be issued. The expiration date for the exchange offers has been extended to June 17, 2024. Participation to date includes $413.7 million in tenders of existing notes. The new notes and related guarantees will not be registered under the Securities Act.

Industrial Logistics Properties Trust (Nasdaq: ILPT) has appointed Marc Krohn as Vice President. Krohn, who is also a VP at The RMR Group (Nasdaq: RMR), will oversee leasing, operations, and management of ILPT’s mainland industrial portfolio. With over 20 years of experience in commercial real estate, Krohn has previously held senior roles at CBRE, Duke Realty, and Zeller Realty He joined RMR in 2015.

Office Properties Income Trust (Nasdaq: OPI) announced amendments to its private exchange offers for existing unsecured senior notes due 2025, 2026, 2027, and 2031. The amendments include updated Acceptance Priority Levels and Priority Amounts for the notes, extending the expiration time to June 10, 2024. The company will exchange the existing notes for new 9.000% Senior Secured Notes due 2029. The total amount of new notes to be issued is capped at $610 million. The offer is only available to qualified institutional buyers in the U.S. or non-U.S. persons in compliance with Regulation S. The new notes and related guarantees will not be registered under the Securities Act of 1933.

Office Properties Income Trust (Nasdaq: OPI) has amended its previously announced private exchange offers for its senior unsecured notes due 2025, 2026, 2027, and 2031. These notes will now be exchanged for new 9.000% Senior Secured Notes due 2029. The amendments include changes to the acceptance priority levels and new priority amounts. The maximum principal amount issued remains $610 million. The expiration time for these offers has been extended to June 4, 2024. As of May 17, 2024, OPI received tenders representing $399.1 million in aggregate principal amount of the existing notes. The offers are being made to qualified institutional buyers in the US and non-US persons outside the US. The new notes will not be registered under the Securities Act, meaning they are subject to transfer restrictions.