Office Properties Income Trust OPI

Company Overview

Office Properties Income Trust (NASDAQ: OPI) is a real estate investment trust (REIT) focused primarily on owning and leasing office properties across the United States. The company operates in the commercial real estate industry and has historically concentrated on properties leased to U.S. government agencies and single-tenant corporate tenants. OPI generates revenue primarily through rental income under long-term lease agreements, with a portfolio that includes government-leased buildings, suburban office campuses, and urban office assets. The company is externally managed by The RMR Group, a real estate asset management company that oversees multiple publicly traded REITs and operating businesses.

OPI was formed in 2009 through the merger of government-focused office assets previously associated with Select Income REIT and related entities. Over time, the company expanded its portfolio through acquisitions and portfolio restructuring, including the 2019 merger with Select Income REIT. OPI’s strategic positioning has historically relied on stable cash flows from government tenants, long lease durations, and geographic diversification across U.S. office markets. However, like many office REITs, the company has faced pressure from changing office utilization trends, elevated vacancy rates in parts of the sector, and broader capital market challenges affecting commercial real estate.