OPI Q4 net income $0.13/share, Normalized FFO $1.13; occupancy 90.6%, leases 705K sq ft

OFFICE PROPERTIES INCOME TRUST

2022-FY EPS reported -$0.14

Net income of $6.4M ($0.13 diluted EPS) vs $16.9M ($0.35) in Q4 2021; Normalized FFO of $54.5M ($1.13) vs $58.1M ($1.20).
Leased 705,000 sq ft in Q4 with a 10.1-year weighted average lease term; 2022 annual leasing rent roll-up of 5.6%.
Portfolio occupancy 90.6% at Dec 31, 2022, up 110 bps YoY; Same Property Cash Basis NOI down 1.4%.
Sold five properties for $20.5M since Oct 1, 2022; $12.2M cash + $555M credit facility liquidity.
Two redevelopment projects: 20 Massachusetts Ave (54% pre-leased, completion Q2 2023) and Seattle (28% pre-leased, Q4 2023).

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 0.9

OFFICE PROPERTIES INCOME TRUST reported financial results for year ended December 31, 2022.

Period: year ended December 31, 2022
Result: reported results

Exact text from the filing

On February 15, 2023, Office Properties Income Trust, or the Company, issued a press release regarding the Company’s results of operations and financial condition for the quarter and year ended December 31, 2022

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

OFFICE PROPERTIES INCOME TRUST reported quarter ended December 31, 2022 results: net income $6.4 million, EPS $0.13 per diluted share.

Period: quarter ended December 31, 2022
Net income: $6.4 million
EPS: $0.13 per diluted share
Result: reported results

Exact text from the filing

Net income for the quarter ended December 31, 2022 was $6.4 million, or $0.13 per diluted share, compared to net income of $16.9 million, or $0.35 per diluted share, for the quarter ended December 31, 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 0001456772-23-000011

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