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) (USD)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12,315,00024,358,00025,212,00023,344,00012,249,00014,005,000
Cash and cash equivalents12,315,00024,358,00025,212,00023,344,00012,249,00014,005,000
Total current assets:12,315,00024,358,00025,212,00023,344,00012,249,00014,005,000
Noncurrent Assets
Property, plant and equipment786,310,000802,904,000809,590,000817,882,000821,238,000826,948,000
Long-term investments and receivables      464,000
Due from related parties 464,000
Intangible assets, net (including goodwill)263,498,000295,195,000318,975,000344,064,000369,333,000396,263,000
Intangible assets, net (excluding goodwill)263,498,000295,195,000318,975,000344,064,000369,333,000396,263,000
Total noncurrent assets:1,049,808,0001,098,099,0001,128,565,0001,161,946,0001,190,571,0001,223,675,000
Other undisclosed assets2,927,546,0002,922,533,0002,873,791,0002,821,710,0002,777,157,0002,731,306,000
TOTAL ASSETS:3,989,669,0004,044,990,0004,027,568,0004,007,000,0003,979,977,0003,968,986,000
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt11,665,00012,276,00012,887,00013,503,00014,157,00014,844,000
Off-market lease, unfavorable11,665,00012,276,00012,887,00013,503,00014,157,00014,844,000
Total noncurrent liabilities:11,665,00012,276,00012,887,00013,503,00014,157,00014,844,000
Other undisclosed liabilities2,722,325,0002,728,081,0002,678,726,0002,633,856,0002,579,485,0002,547,977,000
Total liabilities:2,733,990,0002,740,357,0002,691,613,0002,647,359,0002,593,642,0002,562,821,000
Equity
Equity, attributable to parent, including:1,255,679,0001,304,633,0001,335,955,0001,359,641,0001,386,335,0001,406,165,000
Common stock488,000488,000486,000486,000486,000486,000
Additional paid in capital2,621,493,0002,621,107,0002,620,691,0002,619,994,0002,619,532,0002,619,041,000
Retained earnings100,174,000137,325,000156,918,000169,160,000169,606,000163,216,000
Other undisclosed equity, attributable to parent(1,466,476,000)(1,454,287,000)(1,442,140,000)(1,429,999,000)(1,403,289,000)(1,376,578,000)
Total equity:1,255,679,0001,304,633,0001,335,955,0001,359,641,0001,386,335,0001,406,165,000
TOTAL LIABILITIES AND EQUITY:3,989,669,0004,044,990,0004,027,568,0004,007,000,0003,979,977,0003,968,986,000

Income Statement (P&L) (USD)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Gross profit:(23,656,000)(21,717,000)(21,643,000)(22,593,000)(14,536,000)(24,400,000)
Operating expenses(100,823,000)(102,067,000)(95,201,000)(86,892,000)(86,189,000)(87,289,000)
Operating loss:(124,479,000)(123,784,000)(116,844,000)(109,485,000)(100,725,000)(111,689,000)
Interest and debt expense(30,056,000)(28,835,000)(26,525,000)(25,231,000)(23,798,000)(24,969,000)
Other undisclosed income from continuing operations before equity method investments, income taxes137,323,000133,886,000132,029,000135,134,000131,630,000154,664,000
Income (loss) from continuing operations before equity method investments, income taxes:(17,212,000)(18,733,000)(11,340,000)418,0007,107,00018,006,000
Loss from equity method investments(741,000)(765,000)(691,000)(834,000)(878,000)(952,000)
Income (loss) from continuing operations before income taxes:(17,953,000)(19,498,000)(12,031,000)(416,000)6,229,00017,054,000
Income tax expense (benefit)(15,000)(95,000)(211,000)(30,000)161,000(90,000)
Income (loss) from continuing operations:(17,968,000)(19,593,000)(12,242,000)(446,000)6,390,00016,964,000
Income before gain (loss) on sale of properties:16,964,000
Net income (loss):(17,968,000)(19,593,000)(12,242,000)(446,000)6,390,00016,964,000
Other undisclosed net loss attributable to parent (19,183,000)     
Net income (loss) attributable to parent:(37,151,000)(19,593,000)(12,242,000)(446,000)6,390,00016,964,000
Other undisclosed net loss available to common stockholders, basic(73,000)(50,000)(56,000) (128,000)(99,000)
Net income (loss) available to common stockholders, diluted:(37,224,000)(19,643,000)(12,298,000)(446,000)6,262,00016,865,000

Comprehensive Income (USD)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Net income (loss):(17,968,000)(19,593,000)(12,242,000)(446,000)6,390,00016,964,000
Comprehensive income (loss), net of tax, attributable to parent:(17,968,000)(19,593,000)(12,242,000)(446,000)6,390,00016,964,000

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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