Office Properties Income Trust filings document the regulatory record for a Maryland REIT with common shares of beneficial interest and 6.375% Senior Notes due 2050. Its Form 8-K reports cover operating results, earnings materials, distribution decisions, material agreements, capital-structure disclosures, and risk-factor references tied to its office-property leasing business.
The filing record also documents listing-status and corporate-status matters, including suspension of trading on The Nasdaq Global Select Market and OTC Pink quotations for the trust’s common shares and senior notes. Other material-event filings address restructuring-related governance, senior note interest-payment notices, credit-agreement notices, and board actions affecting liquidity and cash preservation.
Office Properties Income Trust emerged from Chapter 11 on June 17, 2026, adopted fresh start accounting and reset its capital structure. It issued $420,000 of 10.000% 2031 secured exit notes and $385,000 of 8.375% 2029 secured exit notes, cancelled prior unsecured notes and old common shares, and issued 21,953,577 new common shares and warrants. Management estimates enterprise value at $2,150,000 and implied equity value at $514,542, and reports aggregate debt reduced by approximately $714,000.
For the Predecessor period January 1 through June 17, 2026, net loss was $882,040, driven largely by $804,874 of reorganization items; the Successor period June 18 through June 30, 2026 recorded a further net loss of $3,087. At June 30, 2026, total assets were $2,374,530, secured debt was $1,683,556 and shareholders’ equity was $511,455. The portfolio comprised 122 wholly owned office properties with 17,113,000 rentable square feet, including 32 properties (3,690,000 square feet) held for sale. Government tenants represented 26.8% of annualized rental income, with the U.S. government at 18.0%. Management notes $425,000 outstanding under the credit facility maturing in January 2027 and $50,000 of required principal payments on 2029 notes in the next year, to be addressed through cash, operations, asset sales and refinancing, and concludes that prior substantial doubt about continuing as a going concern has been alleviated.
Office Properties Income Trust reported Q2 2026 results that straddle its June 17, 2026 emergence from Chapter 11. The Predecessor period from April 1 to June 17 recorded a net loss of $789.0 million, including $745.3 million of reorganization items, while the Successor period from June 18 to June 30 showed a net loss of $3.1 million. Through the restructuring, debt was reduced by $714 million, leaving total debt of $1.7 billion and shareholders’ equity of $511.5 million as of June 30, 2026.
Operationally, OPI executed 176,000 square feet of leasing at a weighted average term of 7.3 years, with renewals representing 87.3% of activity. Same property occupancy was 88.7% and the overall portfolio, comprising 122 properties totaling 17.1 million square feet, was 77.9% leased. Same property Cash Basis NOI was $8.9 million in the Successor period and $46.1 million in the Predecessor period, and Normalized FFO totaled $4.5 million and $15.1 million, respectively. The company is streamlining its portfolio, having sold two properties totaling 504,000 square feet in July 2026 for $58.5 million, is under agreement to sell nine more properties for $49.7 million, and is marketing an additional 21 properties. As of June 30, 2026, approximately 62% of revenues came from investment grade tenants, led by the U.S. Government at 18% of annualized rent.
Redwood Capital Management, LLC and affiliated entities filed an amended Form 3 for Office Properties Income Trust, updating reported beneficial ownership. As of June 17, 2026, they report indirect holdings of 4,327,521 Common Shares of Beneficial Interest, held through funds managed by Redwood. Each Reporting Person may be deemed a beneficial owner under Rule 16a-1(a) but disclaims beneficial ownership except to the extent of any pecuniary interest.
Office Properties Income Trust has a shareholder group led by Redwood Capital Management, LLC and affiliates reporting beneficial ownership of 4,327,521 common shares, representing 19.7% of the company’s 21,936,577 shares outstanding as of June 17, 2026.
The position arose from the company’s Chapter 11 reorganization, where Redwood Funds exchanged 9.00% senior secured notes and debtor-in-possession claims for consideration including $71,902,000 and $10,912,000 aggregate principal of new 10.000% senior secured notes due 2031 plus the common shares.
Revised bylaws give Redwood Capital the right to designate up to two trustees while it and affiliates beneficially own at least 10% of the common shares, one trustee while owning at least 5%, and a non-voting board observer while owning at least 15%. Jonathan Kolatch has been appointed to the board under these rights, and the reporting persons state they may increase or reduce their investment or engage in strategic or other corporate transactions, including potentially acquiring the entirety of the issuer.
Office Properties Income Trust reported that a group of Liberty Mutual entities now holds a significant passive position in its Common Shares of Beneficial Interest.
Liberty Mutual Holding Company Inc., together with its insurance subsidiaries, is shown as beneficially owning 1,311,341 Common Shares, representing 6.0% of the outstanding class, based on 21,953,577 Common Shares outstanding. All of these shares are reported with shared voting and dispositive power; none are held with sole power. Individual subsidiaries hold portions of the stake directly, and Liberty Mutual Holding Company Inc. states that it may be deemed to beneficially own those shares through its indirect wholly owned subsidiaries but disclaims beneficial ownership. The Liberty entities have entered into a Joint Filing Agreement and are reporting this position on a Schedule 13G, which is typically used for passive ownership.
Office Properties Income Trust is reported as holding a substantial passive stake. Whitebox Advisors LLC and Whitebox General Partner LLC disclose beneficial ownership of 1,797,150 common shares, representing approximately 8.2% of common shares outstanding. The position reflects 48,545 exercisable warrants included under Rule 13d-3 in the calculation; shares outstanding used for the percent was 21,953,577 as of June 17, 2026.
OFFICE PROPERTIES INCOME TRUST director Jonathan Kolatch filed an initial Form 3, which is a required statement of beneficial ownership for insiders. This filing lists him as a director but does not report any specific stock transactions or derivative holdings at this time.
OFFICE PROPERTIES INCOME TRUST received an initial insider ownership report showing indirect holdings of 4,324,000 Common Shares of Beneficial Interest tied to funds managed by Redwood Capital Management. The filing is made jointly by Redwood Capital Management, its affiliated entities, and Ruben Kliksberg, who may be deemed beneficial owners due to their roles with the Redwood funds but each disclaims beneficial ownership beyond any pecuniary interest.
OFFICE PROPERTIES INCOME TRUST received an initial Form 3 reporting the beneficial ownership of entities affiliated with Helix Partners Management and Jonathan M. Heller. The filing shows indirect holdings of 3,486,866 Common Shares of Beneficial Interest in one line and 2,064,837 common shares in another, all described as Subject Securities.
The reporting group also holds 13,314 warrants with a $25.00 exercise price, each warrant relating to one common share and expiring in 2033. The securities are held directly by Helix Strategic Fund and Helix Strategic Fund II, while Helix Partners and Heller may be deemed beneficial owners under Rule 16a-1(a) but each disclaims beneficial ownership beyond any pecuniary interest.
Helix Partners and related funds filed a Schedule 13D disclosing a 25.3% beneficial stake in Office Properties Income Trust following its Chapter 11 reorganization. The group reports ownership of 5,565,017 Common Shares, including 13,314 shares issuable upon exercise of Warrants.
As part of the confirmed reorganization plan effective June 17, 2026, the Helix funds received $92,564,000 and $42,097,000 aggregate principal amounts of 10.000% senior secured notes due 2031, 5,551,703 Common Shares and Warrants to purchase 13,314 Common Shares at $25.00 per share until June 17, 2033.
Helix Partners and its affiliates gained significant governance rights: while they hold at least 15% of outstanding Common Shares, they can designate up to three trustees and one non‑voting board observer, with Jonathan Heller serving as Chairman. The filing notes that the group may increase or reduce its holdings or participate in strategic or other corporate transactions depending on future conditions.