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NASDAQ NMS - GLOBAL MARKET · Real Estate · CIK 0001456772
$12.84
-5.73% · delayed ~15 min
Last price from Oct 22, 2026
$281.9M market value
From OFFICE PROPERTIES INCOME TRUST's FY2025 10-K, filed May 22, 2026 · read the filing
OFFICE PROPERTIES INCOME TRUST owns and manages property. It took in $442.6M last year, which makes it a smaller company. It spends more than it earns — losing about 62 cents on every dollar of sales.
The filing does not provide enough evidence for a clear financial conclusion.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
Recent open-market selling by 3 insiders, not under a pre-arranged plan.
$7.1M sold in the last 120 days · Read the filing
These are things the company filed or that a published model flagged — not predictions, and not a reason on their own to buy or sell anything.
Financial health
Significant financial weakness across most measures.
From OFFICE PROPERTIES INCOME TRUST's FY2025 annual filing · share price scored separately
Largest year-over-year changes in FY2025
Profit
-$136.1M → -$272.4M
Profit margin
-27.1% → -61.5%
Earnings per share
-$1.95 → -$3.68
Cash
$261.3M → $29.5M
Measured against FY2024, from the 10-K filed May 22, 2026
Deteriorated: $136.3M wider
-$136.1M to -$272.4MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
How the latest move compares (quote delayed ~15 min), and what was published around it
OPI fell 5.73% on the latest quote. The average Real Estate company tracked here moved +1.90%, and the S&P 500 −1.04%. That is 7.6 points below its sector and 4.7 points below the market.
No filing from OPI and no news item about it appeared in the last 3 days.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Filter by minute, hour, day or week — or compare against peers
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Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
Opinions from 9 analysts covering this company, as of . Their views, not this site's.
Of 9 analysts publishing on this company, 1 say buy, 2 say hold, 5 say sell and 1 say strong sell. Analysts are paid to publish a view and are wrong often; the split above says how much they agree with each other, which is the part a single headline rating hides.
Published by Finnhub. Analyst coverage skews towards larger companies and towards optimism — sell ratings are rare across the whole market, so a company with none is ordinary rather than endorsed.
The essentials
Each answered from the filings, with the numbers behind it.
No. It lost $272.4M last year, losing about 62 cents on every dollar of sales.
No. Sales shrank 11.8% last year.
Yes — it carries debt while operations are consuming cash rather than generating it. For every $1 it owes, it owns $1.34 in assets.
Core operating and valuation reference metrics
Whether the dividend is covered by what the business actually earns
It paid a dividend while making a loss, so the payment did not come out of profits — it came from reserves, borrowing or asset sales. It has paid in each of the last 12 years.
WeakFigures from the FY2025 annual filing
Last year it lost $272.4M and generated -$6.6M of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202510-K · May 22, 2026Filing for FY2025 | FY202410-K · May 22, 2026Filing for FY2024 | FY202310-K · Feb 15, 2024Filing for FY2023 | FY202210-K · Feb 15, 2023Filing for FY2022 | FY202110-K · Feb 16, 2022Filing for FY2021 | ChangeFY2025 vs FY2024 |
|---|---|---|---|---|---|---|
| RevenueWhat is this? | $442.6M | $502.0M | — | — | — | −11.8% |
| Selling, general and administrative | $19.4M | $21.1M | $22.7M | $25.1M | $26.9M | −8.0% |
| Interest expense | $203.5M | $163.7M | $110.6M | $103.5M | $112.4M | +24.3% |
| Income before tax | -$271.9M | -$135.1M | -$46.9M | -$2.3M | -$5.4M | −101.2% |
| Net income | -$272.4M | -$136.1M | -$69.4M | -$6.1M | -$8.2M | −100.1% |
| Net marginNet income ÷ revenueWhat is this? | -61.5% | -27.1% | — | — | — | −34.4 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $-3.68 | $-1.95 | $-1.42 | $-0.1258 | $-0.1689 | −89.0% |
† calculated from other reported figures, such as total liabilities as assets minus equity.
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Officers, directors and major shareholders must report within two business days of a trade.
Sold on the open market — 20,686 shares at $19.03 ($393.6K)
Holds 4,137,726 shares after this filing.
Sold on the open market — 175,734 shares at $19.03 ($3.3M)
Holds 3,961,992 shares after this filing.
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Signed a material agreement · Terminated a material agreement · Took on a direct financial obligation
Read the filingReported another event
Read the filingWrite down why you are following OFFICE PROPERTIES INCOME TRUST, what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
The 6 subsidiaries named in its 10-K. A filer lists the significant ones and may leave the rest out, so this is the floor rather than the full count.
Source: Exhibit 21 of the 10-K filed 2026-05-22. These are legal entities, not brands or acquisitions — a company that bought a business may hold it inside an entity named here, or inside one small enough that the rule does not require naming it at all.
Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from OPI's 10-K for fiscal year 2025 (period ending 2025-12-31, filed May 22, 2026), reported under the US GAAP taxonomy. View the source filing.
3 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. Accounting had too few reported figures and is left out of the average rather than counted as a weakness, so a company is never marked down for a figure it did not publish. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 7 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2025 | 2.0 | 1/7 | 10-K, filed May 22, 2026 |
| FY2024 | 2.0 | 2/6 | 10-K, filed Feb 13, 2025 |
| FY2023 | 2.0 | 3/6 | 10-K, filed Feb 15, 2024 |
| FY2022 | 2.0 | 4/6 | 10-K, filed Feb 15, 2023 |
| FY2021 | 2.0 | 3/6 | 10-K, filed Feb 16, 2022 |
| FY2020 | 6.0 | 4/6 | 10-K, filed Feb 19, 2021 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
1 of 7 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's. 2 could not be evaluated and are excluded from the total rather than counted as failures.
not reported — This company has not reported enough of the required figures to calculate this score.
This company has not reported enough of the required figures to calculate this score.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
not reported — This company has not reported enough of the required figures to calculate this score.
This company has not reported enough of the required figures to calculate this score.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2025 filing as filed with the SEC.
Deteriorated: −34.4 pts
-27.1% to -61.5%Critical
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Deteriorated: $1.73 wider
-$1.95 to -$3.68Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Deteriorated: -88.7%
$261.3M to $29.5MCritical
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Changed: -69.5%
$123.4M to $37.6MCritical
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
Improved: $12.0M narrower
-$56.2M to -$44.2MSignificant
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Deteriorated: +5.9%
69.8M to 73.9MSignificant
Why it matters: New shares divide the same company into more pieces, so each existing holding owns slightly less of it. Often pay for staff or an acquisition rather than anything wrong.
Changed: -30.8%
$2.0M to $1.4MSignificant
Why it matters: Cash handed to shareholders. A rise can be a higher dividend or simply more shares, and a cut is a decision the company explains in its own filing — neither is rated here.
Deteriorated: -11.8%
$502.0M to $442.6MNotable
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Q1 FY2026 against Q1 FY2025, from the 10-Q filed May 22, 2026 — read it.
Deteriorated: $47.2M wider
-$45.9M to -$93.0MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Deteriorated: −45.1 pts
-40.4% to -85.4%Critical
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Deteriorated: $28.2M wider
-$39.8M to -$68.0MCritical
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Deteriorated: $0.60 wider
-$0.65 to -$1.26Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Deteriorated: -58.7%
$63.7M to $26.3MCritical
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Changed: turned negative
$698.0K to $0.00Critical
Why it matters: Cash handed to shareholders. A rise can be a higher dividend or simply more shares, and a cut is a decision the company explains in its own filing — neither is rated here.
Deteriorated: +5.5%
70.1M to 73.9MSignificant
Why it matters: New shares divide the same company into more pieces, so each existing holding owns slightly less of it. Often pay for staff or an acquisition rather than anything wrong.
Changed: +33.8%
$11.2M to $15.0MSignificant
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
1 other measure barely moved. Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 0.4% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
Trailing P/E is not meaningful because the latest trailing earnings are zero or negative. The price-to-book and price-to-sales figures below still provide reference points.
This company has not reported enough of the required figures to calculate this score.
Sold on the open market — 2,413 shares at $19.00 ($45.8K)
Holds 4,162,854 shares after this filing.
Sold on the open market — 2,616 shares at $19.04 ($49.8K)
Holds 4,160,238 shares after this filing.
Sold on the open market — 1,826 shares at $19.00 ($34.7K)
Holds 4,158,412 shares after this filing.
Sold on the open market — 162,254 shares at $19.71 ($3.2M)
Holds 4,165,267 shares after this filing.
Notice filed ahead of a planned sale — the sale itself has not necessarily happened yet.
Filed notice to sell 1,000,000 shares ($19.7M) on or after .
Shares originally obtained via Bankruptcy Court Order..
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
Quarterly report on Form 10-Q
Published results
Read the filingEntered bankruptcy or receivership · Signed a material agreement · Terminated a material agreement · Took on a direct financial obligation · Sold shares outside a public offering · Changed the rights attached to its shares · Changed control of the company · Had a director or senior officer leave or join · Amended its charter or changed its financial year · Reported another event
Read the filingPublished results · Made a Regulation FD disclosure
Read the filingQuarterly report for Q1 FY2026
Profit margin −45.1 pts · Profit $47.2M wider · Free cash flow $28.2M wider — against Q1 FY2025
Read the filingAnnual report for FY2025
Revenue -11.8% · Profit margin −34.4 pts · Profit $136.3M wider — against FY2024
Read the filingQuarterly report for Q3 FY2025
Revenue -9.5% · Profit margin −12.4 pts · Cash +99.5% — against Q3 FY2025
Read the filingMade a Regulation FD disclosure · Reported another event
Read the filingEntered bankruptcy or receivership
Read the filingMade a Regulation FD disclosure
Read the filingMade a Regulation FD disclosure
Read the filingMade a Regulation FD disclosure
Read the filingMade a Regulation FD disclosure
Read the filingMade a Regulation FD disclosure
Read the filingEntered bankruptcy or receivership · Signed a material agreement
Read the filingMade a Regulation FD disclosure
Read the filingMade a Regulation FD disclosure
Read the filingMade a Regulation FD disclosure
Read the filingCoverage from the last 30 days
Office Properties Income Trust Prices $425 Million of 8.75% Senior Secured Notes Due 2031
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Office Properties Income Trust Announces Second Quarter 2026 Results
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Office Properties Income Trust Second Quarter 2026 Conference Call Scheduled for Thursday, August 6
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Primary sources and further research