OPI Q3 2022: Net income $17M, Normalized FFO $1.11/sh, occupancy 90.7%

OFFICE PROPERTIES INCOME TRUST

2022-Q3 EPS reported -$0.27

Net income of $17.0M ($0.35 diluted EPS) vs $3.7M ($0.08) in prior year; includes $16.9M net gain on sale.
Normalized FFO per share $1.11, down from $1.24 in Q3 2021; CAD $0.58 vs $0.64.
Leased 606k sq ft with 21.6% rent roll-up and 7.2-year weighted average lease term.
Sold 10 properties for $118.2M at ~6.8% cap rate; expects ~92% occupancy by year-end.
Prepaid $22.9M mortgage at $22.2M discount; $615M available on revolver.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

OFFICE PROPERTIES INCOME TRUST reported the quarter ended September 30, 2022 results: net income $16,964 thousand or $0.35 per diluted share, EPS $0.35 per diluted share.

Period: the quarter ended September 30, 2022
Net income: $16,964 thousand or $0.35 per diluted share
EPS: $0.35 per diluted share
Result: reported results

Exact text from the filing

Net income for the quarter ended September 30, 2022 was $17.0 million, or $0.35 per diluted share, compared to net income of $3.7 million, or $0.08 per diluted share, for the quarter ended September 30, 2021.

View on SEC.gov

168 earnings releases filed in the last 30 days. Browse all earnings releases →

OFFICE PROPERTIES INCOME TRUST filing history →

Source: SEC EDGAR

accession 0001456772-22-000030

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