Office Properties Income Trust

Cautionary Language

The information appearing on OPI’s website includes statements which constitute forward looking statements. These forward looking statements are based upon OPI’s present intents, beliefs or expectations, but forward looking statements are not guaranteed to occur and may not occur. OPI’s actual results may differ materially from those contained in OPI’s forward looking statements. The information contained in OPI’s filings with the Securities and Exchange Commission, including under “Risk Factors" and “Warnings Concerning Forward Looking Statements” in OPI’s periodic reports and other filings, identifies important factors that could cause OPI’s actual results to differ materially from those stated in OPI’s forward looking statements. OPI’s filings with the SEC are available on the SEC’s website at www.sec.gov (opens in new window) and are also accessible on OPI’s website at the following link: SEC Filings. You should not place undue reliance upon forward looking statements.

The documents provided in this archived section are provided for historical purposes only. The information contained in each document is accurate only as of the date each document was originally issued or such earlier date stated in those documents. OPI does not undertake any obligation to update any information contained in these documents. For current information about the company, please refer to our most recent public SEC Filings.

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About Us

OPI is a national REIT focused on owning and leasing office properties primarily to single tenants and those with high credit quality characteristics. As of June 30, 2023, approximately 63% of OPI's revenues were from investment grade rated tenants. OPI owned and leased 155 properties as of June 30, 2023, with 20.8 million square feet located in 30 states and Washington, D.C. In 2023, OPI was named as an Energy Star® Partner of the Year for the sixth consecutive year.

OPI is included in 161 market indices and comprises more than 1% of the following indices as of June 30, 2023: BI North America Office REIT Valuation Peers (BROFFRTV), Bloomberg Real Estate Investment Trust Mid Cap Index (BBREMIDC), Invesco KBW Premium Yield Equity REIT ETF INAV Index (KBWYIV), Invesco S&P SmallCap Low Volatility ETF INAV Index (XSLVIV) and Hoya Capital High Dividend Yield Index (GTR) (RIET).

Strategy

Investment Focus

Office properties primarily in markets that have strong economic fundamentals to support growth.

Properties primarily leased to single tenants.

Strategic to the tenant, which may include: built‐to‐suit properties, corporate headquarters and buildings where tenants have invested meaningful capital.
Minimum remaining lease term of seven years.

Properties leased to government tenants.

Single tenant and multi‐tenant.
Focus on agencies that have high security needs or a mission strategic to the buildings’ location.

Primarily first generation buildings where there is a reasonably high probability of renewing the tenant in place and where ongoing capital needs are expected to be modest.

Capital Recycling

OPI expects to maintain an ongoing capital recycling program whereby it will selectively sell properties to:

Improve the average age of the portfolio, the weighted average remaining lease term, and leasing prospects.
Manage ongoing capital requirements.
Shape geographic and tenant diversification.

Leadership

Senior Management

Board of Trustees

Manager

OPI is managed by The RMR Group LLC, the majority owned operating subsidiary of The RMR Group Inc. (Nasdaq: RMR). RMR is an alternative asset management company that was founded in 1986 to invest in commercial real estate and manage real estate related businesses.

As of June 30, 2023, RMR has

Approximately

36 billion

IN AUM

More than

600

CRE Professionals

OVER

30 OFFICES

THROUGHOUT THE U.S.

RMR Managed Companies have

Over 2,000

PROPERTIES

More than

$5 BILLION

IN ANNUAL REVENUES

OVER

20,000

EMPLOYEES

Companies Managed by RMR or its Affiliates and Subsidiaries

For more information about The RMR Group and its managed companies, please visit www.rmrgroup.com (opens in new window).

Sustainability

OPI’s business strategy incorporates a focus on sustainable approaches to operating our properties in a manner that benefits our shareholders, tenants and the communities in which we are located.

Our environmental, social and governance (ESG) efforts are primarily implemented by our manager, The RMR Group (Nasdaq: RMR).

Recent sustainability highlights include:

Publishing of New Policies: In 2022, our Board of Trustees adopted four new policies, available on our Governance page, including a Business Partners’ Code of Conduct, an Employee Health and Wellness Policy, a Human Rights Policy and a Philanthropy Policy.