# Office Properties Income Trust: overview

OPI · Nasdaq · CIK 1456772 · [Real estate](/sectors/real-estate.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/opi.md) · [Financials](/companies/opi/financials.md) · [Filings](/companies/opi/filings.md) · [Insiders](/companies/opi/insiders.md)

Latest reported revenue: [$108.9m](/filings/0001456772-26-000023.md) for Q1 FY2026, three months to 2026-03-31, from the 10-Q filed May 22, 2026 (XBRL us-gaap:Revenues, accession 0001456772-26-000023).

## Last eight quarters

| Line item | Unit | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [124](/filings/0001456772-25-000036.md) | [121](/filings/0001456772-26-000020.md) | [118 d](/filings/0001456772-26-000022.md) | [114](/filings/0001456772-26-000023.md) | [114](/filings/0001456772-25-000036.md) | [109](/filings/0001456772-26-000020.md) | [105 d](/filings/0001456772-26-000022.md) | [109](/filings/0001456772-26-000023.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [61.6%](/filings/0001456772-26-000020.md) | [(48.4%)](/filings/0001456772-26-000020.md) | [(125.7%) d](/filings/0001456772-26-000022.md) | [(40.4%)](/filings/0001456772-26-000023.md) | [(36.0%)](/filings/0001456772-26-000020.md) | [(60.8%)](/filings/0001456772-26-000020.md) | [(113.0%) d](/filings/0001456772-26-000022.md) | [(85.4%)](/filings/0001456772-26-000023.md) |
| Diluted EPS | $ per share | [1.56](/filings/0001456772-25-000036.md) | [(1.14)](/filings/0001456772-26-000020.md) | not reported | [(0.66)](/filings/0001456772-26-000023.md) | [(0.58)](/filings/0001456772-25-000036.md) | [(0.90)](/filings/0001456772-26-000020.md) | not reported | [(1.26)](/filings/0001456772-26-000023.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Derived values: 6-month figure less the 3-month figure; 9-month figure less the 6-month figure; 12-month figure less the 9-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | not reported | not reported | not reported | [502](/filings/0001456772-26-000022.md) | [443](/filings/0001456772-26-000022.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | not reported | not reported | not reported | [(27.1%)](/filings/0001456772-26-000022.md) | [(61.5%)](/filings/0001456772-26-000022.md) |
| Diluted EPS | $ per share | [(0.17)](/filings/0001456772-24-000011.md) | [(0.14)](/filings/0001456772-24-000011.md) | [(1.44)](/filings/0001456772-25-000013.md) | [(2.63)](/filings/0001456772-26-000022.md) | [(3.79)](/filings/0001456772-26-000022.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:Revenues.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:Revenues.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/opi/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [Helix Partners Management LP](/funds/1995612.md) | 2026-06-30 | $94.4m | 5,551,715 |  | New +5,551,715 |
| [REDWOOD CAPITAL MANAGEMENT, LLC](/funds/1316622.md) | 2026-06-30 | $73.6m | 4,327,521 |  | New +4,327,521 |
| [WHITEBOX ADVISORS LLC](/funds/1257391.md) | 2026-06-30 | $29.7m | 1,748,605 |  | New +1,748,605 |
| [Liberty Mutual Group Asset Management Inc.](/funds/1533497.md) | 2026-06-30 | $22.3m | 1,311,341 |  | New +1,311,341 |
| [VALUEWORKS LLC](/funds/1282189.md) | 2026-06-30 | $19.8m | 1,162,310 |  | New +1,162,310 |
| [ExodusPoint Capital Management, LP](/funds/1736225.md) | 2026-06-30 | $18.3m | 1,077,999 |  | New +1,077,999 |
| [Apollo Management Holdings, L.P.](/funds/1449434.md) | 2026-06-30 | $8.8m | 516,804 |  | New +516,804 |
| [JANE STREET GROUP, LLC](/funds/1595888.md) | 2026-06-30 | $7.8m | 458,560 |  | New +458,560 |
| [BARCLAYS PLC](/funds/312069.md) | 2026-06-30 | $7.1m | 416,921 |  | New +416,921 |
| [LITTLEJOHN & CO LLC](/funds/1042537.md) | 2026-06-30 | $5.6m | 326,981 |  | New +326,981 |

## Recent filings

[All 858 filings](/companies/opi/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-09-24 | 16:23 ET | [8-K](/filings/0001104659-26-110419.md) | 1.01 Entry into a material agreement; 1.02 Termination of a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001104659-26-110419 |
| 2026-09-10 | 17:20 ET | [8-K](/filings/0001104659-26-106769.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001104659-26-106769 |
| 2026-08-19 | 21:34 ET | [SCHEDULE 13D/A](/filings/0000919574-26-005634.md) | Ownership report, active investor, amended | 0000919574-26-005634 |
| 2026-08-06 | 17:41 ET | [10-Q](/filings/0001456772-26-000038.md) | Quarterly report, period 2026-06-30 | 0001456772-26-000038 |
| 2026-08-05 | 17:21 ET | [8-K](/filings/0001456772-26-000034.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001456772-26-000034 |
| 2026-07-24 | 16:31 ET | [SCHEDULE 13D/A](/filings/0000919574-26-004576.md) | Ownership report, active investor, amended | 0000919574-26-004576 |
| 2026-06-25 | 12:38 ET | [SCHEDULE 13D](/filings/0001193125-26-282228.md) | Ownership report, active investor | 0001193125-26-282228 |
| 2026-06-25 | 11:58 ET | [SCHEDULE 13D](/filings/0000919574-26-004098.md) | Ownership report, active investor | 0000919574-26-004098 |
| 2026-06-23 | 08:06 ET | [8-K](/filings/0001104659-26-076652.md) | 1.01 Entry into a material agreement; 1.02 Termination of a material agreement; 1.03 Bankruptcy or receivership; 2.03 New direct financial obligation; 3.02 Unregistered sale of equity; 3.03 Change to security holders’ rights; 5.01 Change in control; 5.02 Departure or appointment of officers or directors; 5.03 Amendment to articles or bylaws; 8.01 Other events; 9.01 Financial statements and exhibits | 0001104659-26-076652 |
| 2026-06-04 | 16:23 ET | [8-K](/filings/0001104659-26-070541.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-070541 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001456772-26-000022.md), filed May 22, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 1456772
- Tickers: OPI
- Exchange: Nasdaq
- SIC code: 6500 Real Estate
- State of incorporation: MD
- Filer category: Non-accelerated filer<br>Smaller reporting company

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:40 ET. No prices; not investment advice.
