Office Properties Income Trust (OPI) Financial Statements (2024 and earlier)

Company Profile

Business Address C/O THE RMR GROUP
NEWTON, MA 02458
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 65 - Real Estate (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12,24983,02642,04593,74435,34916,569
Cash and cash equivalents12,24983,02642,04593,74435,34916,569
Total current assets:12,24983,02642,04593,74435,34916,569
Noncurrent Assets
Operating lease, right-of-use asset   168 
Property, plant and equipment821,238874,108830,884840,550924,164627,108
Long-term investments and receivables      467,499
Long-term investments      467,499
Intangible assets, net (including goodwill)369,333505,629548,943732,3821,056,558351,872
Intangible assets, net (excluding goodwill)369,333505,629548,943732,3821,056,558351,872
Total noncurrent assets:1,190,5711,379,7371,379,9951,572,9321,980,7221,446,479
Other undisclosed assets2,777,1572,778,9202,524,3962,526,4603,222,5122,240,517
TOTAL ASSETS:3,979,9774,241,6833,946,4364,193,1365,238,5833,703,565
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt14,15717,03410,58813,17520,03114,347
Deferred revenue and credits712
Off-market lease, unfavorable14,15717,03410,58813,17520,03113,635
Total noncurrent liabilities:14,15717,03410,58813,17520,03114,347
Other undisclosed liabilities2,579,4852,727,9402,326,4562,474,2073,439,5842,338,679
Total liabilities:2,593,6422,744,9742,337,0442,487,3823,459,6152,353,026
Temporary equity, carrying amount      20,496
Equity
Equity, attributable to parent, including:1,386,3351,496,7091,609,3921,705,7541,778,9681,330,043
Common stock486484483482481991
Additional paid in capital2,619,5322,617,1692,615,3052,612,4252,609,8011,968,217
Accumulated other comprehensive income (loss)    (200)10660,427
Retained earnings169,606175,715183,895177,217146,882108,144
Other undisclosed equity, attributable to parent(1,403,289)(1,296,659)(1,190,291)(1,084,170)(978,302)(807,736)
Total equity:1,386,3351,496,7091,609,3921,705,7541,778,9681,330,043
TOTAL LIABILITIES AND EQUITY:3,979,9774,241,6833,946,4364,193,1365,238,5833,703,565

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Other undisclosed income before gain (loss) on sale of properties  173
Revenues    678,404427,897316,532
Operating leases, income statement, lease revenue426,560
Revenue, net316,532
Cost of revenue(84,849)(97,221)(90,503)(108,019)(76,133)(58,940)
Cost of goods and services sold      (20,998)
Gross profit:(84,849)(97,221)(90,503)570,385351,764257,592
Operating expenses(380,176)(436,597)(388,660)(466,493)(300,158)(203,274)
Operating income (loss):(465,025)(533,818)(479,163)103,89251,60654,318
Nonoperating income
(Investment Income, Nonoperating)
 21777791,0456392,034
Interest and debt expense(102,798)(126,453)(112,142)(135,649)(90,574)(67,121)
Other undisclosed income from continuing operations before equity method investments, income taxes565,276654,836598,77463,08413,1091,216
Income (loss) from continuing operations before equity method investments, income taxes:(2,330)(5,428)8,24832,372(25,220)(9,553)
Income (loss) from equity method investments(3,509)(2,501)(1,193)(1,259)(2,269)21,571
Income (loss) from continuing operations before income taxes:(5,839)(7,929)7,05531,113(27,489)12,018
Income tax expense(270)(251)(377)(778)(117)(101)
Income (loss) from continuing operations:(6,109)(8,180)6,67830,335(27,606)11,917
Income (loss) before gain (loss) on sale of properties:(8,180)6,67830,335(27,606)12,090
Net income (loss):(6,109)(8,180)6,67830,335(27,606)12,090
Other undisclosed net income attributable to parent     5,722 
Net income (loss) attributable to parent:(6,109)(8,180)6,67830,335(21,884)12,090
Preferred stock dividends and other adjustments     (371)(275)
Other undisclosed net loss available to common stockholders, basic(427)     
Net income (loss) available to common stockholders, diluted:(6,536)(8,180)6,67830,335(22,255)11,815

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(6,109)(8,180)6,67830,335(27,606)12,090
Comprehensive income (loss):(6,109)(8,180)6,67830,335(27,606)12,090
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   200(306)5,68233,470
Comprehensive income (loss), net of tax, attributable to parent:(6,109)(8,180)6,87830,029(21,924)45,560

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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