OPI OFFICE PROPERTIES INCOME TRUST

Overview and Growth

OFFICE PROPERTIES INCOME TRUST generated $442.56M of revenue in fiscal 2025, with net loss of $272.37M and an operating cash outflow of $6.57M. The $442.56M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Compared with $501.98M in fiscal 2024, revenue decreased 11.8%, a top-line contraction that reduced operating scale. The company reported diluted EPS of -$3.79, adding a shareholder-level measure to the absolute income figures considered below. Diluted shares averaged 71.92M; this is the reported share base over which the company’s diluted per-share earnings were spread. Compared with 51.81M diluted shares in fiscal 2024, the current 71.92M base was 38.8% higher. The company employed $3.49B of total assets, the balance-sheet base supporting its current operating and cash-flow results. Asset turnover was 0.13x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

After all below-operating-line items, the company recorded a net loss of $272.37M for the fiscal year. The net loss equaled 61.5% of revenue, showing the bottom-line deficit relative to the company’s sales base. The company recognized $116.00K of income tax for the period, completing the transition from pretax income to net income. The loss-to-equity relationship was 30.9%, placing the bottom-line deficit against shareholder capital. The net loss equaled 7.8% of period-end assets, showing the deficit relative to the asset base. Compared with a $136.11M net loss in fiscal 2024, the current loss increased to $272.37M.

Liquidity and Capital Structure

The company held $3.49B of assets against $2.61B of liabilities and $880.99M of equity, revealing how the asset base was financed. Reported cash and equivalents were $29.49M, separating immediately recognizable cash resources from the rest of the current-asset base. Borrowings totaled $2.41B, adding a fixed financing obligation alongside the company’s equity capital. The debt-to-equity relationship was 2.73x, showing how much debt the company carried for each unit of book equity. The debt-to-assets relationship was 69.0%, comparing borrowing with the total asset balance. The equity-to-assets relationship was 25.3%, placing book capital against the total resource base. Relative to total assets, liabilities measured 74.7%, complementing the separate equity-based view of the company’s capital structure. The cash-to-assets relationship was 0.8%, comparing reported cash and equivalents with the full positive asset balance. The asset base changed 8.7% from $3.82B in fiscal 2024, leaving current total assets lower year over year. Reported equity changed 23.6% from $1.15B in fiscal 2024, placing the current capital base lower year over year. The reported cash balance changed 88.7% from $261.32M in fiscal 2024, ending lower year over year.

Cash Flow and Earnings Quality

The company reported an operating cash outflow of $6.57M, rather than cash generation from operations. The company shifted from generating $67.17M of operating cash in fiscal 2024 to absorbing $6.57M.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.