---
schema_version: "secwatch.filing_event.v1"
accession: "0001456772-23-000011"
form_type: "8-K"
ticker: "OPIRQ"
cik: "0001456772"
company_name: "OFFICE PROPERTIES INCOME TRUST"
filed_at: "2023-02-15T23:59:59+00:00"
generated_at: "2026-06-19T11:06:35.781559+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001456772-23-000011
- form_type: 8-K
- ticker: OPIRQ
- cik: 0001456772
- company_name: OFFICE PROPERTIES INCOME TRUST
- filed_at: 2023-02-15T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1456772/000145677223000011/0001456772-23-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1456772/000145677223000011/opi-20230215.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001456772-23-000011
- JSON: https://secwatch.observer/filing/0001456772-23-000011.json
- Plain text: https://secwatch.observer/filing/0001456772-23-000011.txt

## Key facts
- Earnings Releases
  OFFICE PROPERTIES INCOME TRUST reported financial results for year ended December 31, 2022.
  - Period: year ended December 31, 2022
  - Result: reported results
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1456772/000145677223000011/0001456772-23-000011-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1456772/000145677223000011/0001456772-23-000011-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.