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OFFICE PROPERTIES INCOME TRU (OPI) Stock Fundamental Analysis

USA - NASDAQ:OPI - US67623C1099 - REIT

0.5513 USD
+0.24 (+78.59%)
Last: 9/12/2025, 10:59:26 PM
0.6286 USD
+0.08 (+14.02%)
After Hours: 9/12/2025, 10:59:26 PM
Fundamental Rating

2

OPI gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 130 industry peers in the Diversified REITs industry. Both the profitability and financial health of OPI have multiple concerns. OPI is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

In the past year OPI has reported negative net income.
OPI had a positive operating cash flow in the past year.
In the past 5 years OPI reported 4 times negative net income.
Each year in the past 5 years OPI had a positive operating cash flow.
OPI Yearly Net Income VS EBIT VS OCF VS FCFOPI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M -400M -600M -800M -1B

1.2 Ratios

OPI's Return On Assets of -8.26% is on the low side compared to the rest of the industry. OPI is outperformed by 86.05% of its industry peers.
Looking at the Return On Equity, with a value of -27.59%, OPI is doing worse than 85.27% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 1.51%, OPI is doing worse than 76.74% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for OPI is in line with the industry average of 3.05%.
Industry RankSector Rank
ROA -8.26%
ROE -27.59%
ROIC 1.51%
ROA(3y)-1.82%
ROA(5y)-1.1%
ROE(3y)-5.93%
ROE(5y)-3.59%
ROIC(3y)2.1%
ROIC(5y)2.13%
OPI Yearly ROA, ROE, ROICOPI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 -10 -15 -20

1.3 Margins

Looking at the Operating Margin, with a value of 14.06%, OPI is doing worse than 68.22% of the companies in the same industry.
OPI's Operating Margin has been stable in the last couple of years.
Looking at the Gross Margin, with a value of 62.98%, OPI is doing worse than 61.24% of the companies in the same industry.
In the last couple of years the Gross Margin of OPI has remained more or less at the same level.
Industry RankSector Rank
OM 14.06%
PM (TTM) N/A
GM 62.98%
OM growth 3Y-0.97%
OM growth 5Y-1.08%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.46%
GM growth 5Y-1.48%
OPI Yearly Profit, Operating, Gross MarginsOPI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50

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3

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so OPI is destroying value.
OPI has more shares outstanding than it did 1 year ago.
The number of shares outstanding for OPI has been increased compared to 5 years ago.
Compared to 1 year ago, OPI has a worse debt to assets ratio.
OPI Yearly Shares OutstandingOPI Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M
OPI Yearly Total Debt VS Total AssetsOPI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B 5B

2.2 Solvency

Based on the Altman-Z score of -0.38, we must say that OPI is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of OPI (-0.38) is worse than 83.72% of its industry peers.
A Debt/Equity ratio of 2.22 is on the high side and indicates that OPI has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 2.22, OPI is doing worse than 72.87% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 2.22
Debt/FCF N/A
Altman-Z -0.38
ROIC/WACC0.32
WACC4.67%
OPI Yearly LT Debt VS Equity VS FCFOPI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B -1B 2B 3B

2.3 Liquidity

OPI has a Current Ratio of 2.01. This indicates that OPI is financially healthy and has no problem in meeting its short term obligations.
OPI's Current ratio of 2.01 is fine compared to the rest of the industry. OPI outperforms 79.84% of its industry peers.
OPI has a Quick Ratio of 2.01. This indicates that OPI is financially healthy and has no problem in meeting its short term obligations.
OPI's Quick ratio of 2.01 is fine compared to the rest of the industry. OPI outperforms 79.84% of its industry peers.
Industry RankSector Rank
Current Ratio 2.01
Quick Ratio 2.01
OPI Yearly Current Assets VS Current LiabilitesOPI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

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0

3. Growth

3.1 Past

OPI shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -129.65%.
OPI shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 1.24% yearly.
OPI shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -30.27%.
The Revenue has been decreasing by -5.85% on average over the past years.
EPS 1Y (TTM)-129.65%
EPS 3YN/A
EPS 5Y1.24%
EPS Q2Q%-91.67%
Revenue 1Y (TTM)-30.27%
Revenue growth 3Y-4.51%
Revenue growth 5Y-5.85%
Sales Q2Q%-7.43%

3.2 Future

OPI is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -167.50% yearly.
The Revenue is expected to decrease by -6.28% on average over the next years.
EPS Next Y-573.34%
EPS Next 2Y-167.5%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-11.89%
Revenue Next 2Y-6.28%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
OPI Yearly Revenue VS EstimatesOPI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 200M 400M 600M
OPI Yearly EPS VS EstimatesOPI Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 -5 -10

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1

4. Valuation

4.1 Price/Earnings Ratio

OPI reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year OPI is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
OPI Price Earnings VS Forward Price EarningsOPI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 50 100 150

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, OPI is valued cheaper than 86.05% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 9.88
OPI Per share dataOPI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10

4.3 Compensation for Growth

A cheap valuation may be justified as OPI's earnings are expected to decrease with -167.50% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-167.5%
EPS Next 3YN/A

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5

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 25.14%, OPI is a good candidate for dividend investing.
OPI's Dividend Yield is rather good when compared to the industry average which is at 6.66. OPI pays more dividend than 97.67% of the companies in the same industry.
OPI's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
Industry RankSector Rank
Dividend Yield 25.14%

5.2 History

The dividend of OPI decreases each year by -56.49%.
OPI has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-56.49%
Div Incr Years0
Div Non Decr Years0
OPI Yearly Dividends per shareOPI Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20 25

5.3 Sustainability

The earnings of OPI are negative and hence is the payout ratio. OPI will probably not be able to sustain this dividend level.
The Dividend Rate of OPI has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP-0.84%
EPS Next 2Y-167.5%
EPS Next 3YN/A
OPI Yearly Income VS Free CF VS DividendOPI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -200M -400M -600M -800M -1B

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OFFICE PROPERTIES INCOME TRU

NASDAQ:OPI (9/12/2025, 10:59:26 PM)

After market: 0.6286 +0.08 (+14.02%)

0.5513

+0.24 (+78.59%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)07-30 2025-07-30/amc
Earnings (Next)10-28 2025-10-28/amc
Inst Owners37.07%
Inst Owner Change-34.48%
Ins Owners0.88%
Ins Owner Change0%
Market Cap40.79M
Analysts46.67
Price TargetN/A
Short Float %5.27%
Short Ratio4.3
Dividend
Industry RankSector Rank
Dividend Yield 25.14%
Yearly Dividend0.03
Dividend Growth(5Y)-56.49%
DP-0.84%
Div Incr Years0
Div Non Decr Years0
Ex-Date04-22 2025-04-22 (0.01)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)112.39%
Min EPS beat(2)108.49%
Max EPS beat(2)116.29%
EPS beat(4)3
Avg EPS beat(4)71.3%
Min EPS beat(4)-98.02%
Max EPS beat(4)158.43%
EPS beat(8)6
Avg EPS beat(8)170.05%
EPS beat(12)8
Avg EPS beat(12)132.03%
EPS beat(16)9
Avg EPS beat(16)73.31%
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.09
P/FCF N/A
P/OCF 3.27
P/B 0.04
P/tB 0.04
EV/EBITDA 9.88
EPS(TTM)-0.59
EYN/A
EPS(NY)-3.45
Fwd EYN/A
FCF(TTM)-1.02
FCFYN/A
OCF(TTM)0.17
OCFY30.6%
SpS6.31
BVpS14.41
TBVpS14.41
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -8.26%
ROE -27.59%
ROCE 1.91%
ROIC 1.51%
ROICexc 1.54%
ROICexgc 1.55%
OM 14.06%
PM (TTM) N/A
GM 62.98%
FCFM N/A
ROA(3y)-1.82%
ROA(5y)-1.1%
ROE(3y)-5.93%
ROE(5y)-3.59%
ROIC(3y)2.1%
ROIC(5y)2.13%
ROICexc(3y)2.15%
ROICexc(5y)2.17%
ROICexgc(3y)2.16%
ROICexgc(5y)2.18%
ROCE(3y)2.66%
ROCE(5y)2.69%
ROICexcg growth 3Y-0.4%
ROICexcg growth 5Y-4.17%
ROICexc growth 3Y-0.44%
ROICexc growth 5Y-4.15%
OM growth 3Y-0.97%
OM growth 5Y-1.08%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.46%
GM growth 5Y-1.48%
F-Score3
Asset Turnover0.13
Health
Industry RankSector Rank
Debt/Equity 2.22
Debt/FCF N/A
Debt/EBITDA 10.04
Cap/Depr 51.83%
Cap/Sales 18.87%
Interest Coverage 0.4
Cash Conversion 5.3%
Profit Quality N/A
Current Ratio 2.01
Quick Ratio 2.01
Altman-Z -0.38
F-Score3
WACC4.67%
ROIC/WACC0.32
Cap/Depr(3y)92.41%
Cap/Depr(5y)121.7%
Cap/Sales(3y)34.95%
Cap/Sales(5y)48.38%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-129.65%
EPS 3YN/A
EPS 5Y1.24%
EPS Q2Q%-91.67%
EPS Next Y-573.34%
EPS Next 2Y-167.5%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-30.27%
Revenue growth 3Y-4.51%
Revenue growth 5Y-5.85%
Sales Q2Q%-7.43%
Revenue Next Year-11.89%
Revenue Next 2Y-6.28%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-50.44%
EBIT growth 3Y-5.43%
EBIT growth 5Y-6.86%
EBIT Next Year206.7%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y7.49%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-92.74%
OCF growth 3Y-32.82%
OCF growth 5Y-20.78%