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OFFICE PROPERTIES INCOME TRU (OPI) Stock Fundamental Analysis

NASDAQ:OPI - US67623C1099 - REIT

0.2236 USD
+0 (+1.54%)
Last: 8/22/2025, 8:00:02 PM
0.2348 USD
+0.01 (+5.01%)
After Hours: 8/22/2025, 8:00:02 PM
Fundamental Rating

2

We assign a fundamental rating of 2 out of 10 to OPI. OPI was compared to 129 industry peers in the Diversified REITs industry. OPI has a bad profitability rating. Also its financial health evaluation is rather negative. 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

OPI had negative earnings in the past year.
OPI had a positive operating cash flow in the past year.
OPI had negative earnings in 4 of the past 5 years.
In the past 5 years OPI always reported a positive cash flow from operatings.
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

With a Return On Assets value of -8.26%, OPI is not doing good in the industry: 89.15% of the companies in the same industry are doing better.
The Return On Equity of OPI (-27.59%) is worse than 86.82% of its industry peers.
With a Return On Invested Capital value of 1.51%, OPI is not doing good in the industry: 75.19% of the companies in the same industry are doing better.
The Average Return On Invested Capital over the past 3 years for OPI is in line with the industry average of 3.07%.
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

With a Operating Margin value of 14.06%, OPI is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
In the last couple of years the Operating Margin of OPI has remained more or less at the same level.
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.
Compared to 1 year ago, OPI has more shares outstanding
OPI has more shares outstanding than it did 5 years ago.
The debt/assets ratio for OPI is higher compared to a year ago.
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 -0.39, we must say that OPI is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of -0.39, OPI is doing worse than 82.95% of the companies in the same industry.
A Debt/Equity ratio of 2.22 is on the high side and indicates that OPI has dependencies on debt financing.
With a Debt to Equity ratio value of 2.22, OPI is not doing good in the industry: 76.74% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 2.22
Debt/FCF N/A
Altman-Z -0.39
ROIC/WACC0.33
WACC4.57%
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

A Current Ratio of 2.01 indicates that OPI has no problem at all paying its short term obligations.
OPI has a better Current ratio (2.01) than 79.07% 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.
With a decent Quick ratio value of 2.01, OPI is doing good in the industry, outperforming 79.07% of the companies in the same industry.
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

The earnings per share for OPI have decreased strongly by -129.65% in the last year.
OPI shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 1.24% yearly.
Looking at the last year, OPI shows a very negative growth in Revenue. The Revenue has decreased by -30.27% in the last year.
OPI shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -5.85% yearly.
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

The Earnings Per Share is expected to decrease by -167.50% on average over the next years. This is quite bad
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

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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

The Price/Earnings Ratio is negative for OPI. In the last year negative earnings were reported.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for OPI. No positive earnings are expected for the next year.
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 20 40 60

4.2 Price Multiples

OPI's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. OPI is cheaper than 86.05% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 9.77
OPI Per share dataOPI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15

4.3 Compensation for Growth

OPI's earnings are expected to decrease with -167.50% in the coming years. This may justify a cheaper valuation.
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 12.38%, OPI is a good candidate for dividend investing.
OPI's Dividend Yield is rather good when compared to the industry average which is at 6.54. OPI pays more dividend than 95.35% of the companies in the same industry.
OPI's Dividend Yield is rather good when compared to the S&P500 average which is at 2.36.
Industry RankSector Rank
Dividend Yield 12.38%

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 (8/22/2025, 8:00:02 PM)

After market: 0.2348 +0.01 (+5.01%)

0.2236

+0 (+1.54%)

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 Cap15.85M
Analysts46.67
Price Target3.37 (1407.16%)
Short Float %5.49%
Short Ratio3.97
Dividend
Industry RankSector Rank
Dividend Yield 12.38%
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 0.03
P/FCF N/A
P/OCF 1.27
P/B 0.01
P/tB 0.01
EV/EBITDA 9.77
EPS(TTM)-0.59
EYN/A
EPS(NY)-3.45
Fwd EYN/A
FCF(TTM)-1.07
FCFYN/A
OCF(TTM)0.18
OCFY78.73%
SpS6.59
BVpS15.04
TBVpS15.04
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 -0.39
F-Score3
WACC4.57%
ROIC/WACC0.33
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%