OPI is a REIT focused on owning, operating and leasing properties primarily leased to single tenants and those with high credit quality characteristics such as government entities.
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Average dividend payer and fair value.
Share Price & News
How has Office Properties Income Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: OPI's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: OPI exceeded the US REITs industry which returned -7.4% over the past year.
Return vs Market: OPI exceeded the US Market which returned 9.2% over the past year.
Price Volatility Vs. Market
How volatile is Office Properties Income Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall StWhat Kind Of Shareholder Appears On The Office Properties Income Trust's (NASDAQ:OPI) Shareholder Register?
4 weeks ago | Simply Wall StThose Who Purchased Office Properties Income Trust (NASDAQ:OPI) Shares Three Years Ago Have A 70% Loss To Show For It
1 month ago | Simply Wall StHow Does Investing In Office Properties Income Trust (NASDAQ:OPI) Impact The Volatility Of Your Portfolio?
Is Office Properties Income Trust undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: OPI ($27.68) is trading below our estimate of fair value ($40.44)
Significantly Below Fair Value: OPI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: OPI is poor value based on its PE Ratio (186x) compared to the REITs industry average (28.9x).
PE vs Market: OPI is poor value based on its PE Ratio (186x) compared to the US market (16.1x).
Price to Earnings Growth Ratio
PEG Ratio: OPI's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: OPI is good value based on its PB Ratio (0.8x) compared to the US REITs industry average (1.4x).
How is Office Properties Income Trust forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: OPI's earnings are forecast to decline over the next 3 years (-87.6% per year).
Earnings vs Market: OPI's earnings are forecast to decline over the next 3 years (-87.6% per year).
High Growth Earnings: OPI's earnings are forecast to decline over the next 3 years.
Revenue vs Market: OPI's revenue is expected to decline over the next 3 years (-0.5% per year).
High Growth Revenue: OPI's revenue is forecast to decline over the next 3 years (-0.5% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: OPI's Return on Equity is forecast to be low in 3 years time (0.8%).
How has Office Properties Income Trust performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: OPI has a large one-off gain of $4.9M impacting its March 31 2020 financial results.
Growing Profit Margin: OPI's current net profit margins (1.1%) are lower than last year (1.8%).
Past Earnings Growth Analysis
Earnings Trend: OPI has become profitable over the past 5 years, growing earnings by 34.6% per year.
Accelerating Growth: OPI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: OPI had negative earnings growth (-21%) over the past year, making it difficult to compare to the REITs industry average (5.2%).
Return on Equity
High ROE: OPI's Return on Equity (0.4%) is considered low.
How is Office Properties Income Trust's financial position?
Financial Position Analysis
Short Term Liabilities: OPI's short term assets ($124.5M) exceed its short term liabilities ($104.4M).
Long Term Liabilities: OPI's short term assets ($124.5M) do not cover its long term liabilities ($2.2B).
Debt to Equity History and Analysis
Debt Level: OPI's debt to equity ratio (130.7%) is considered high.
Reducing Debt: OPI's debt to equity ratio has increased from 92.6% to 130.7% over the past 5 years.
Debt Coverage: OPI's debt is not well covered by operating cash flow (10.6%).
Interest Coverage: OPI's interest payments on its debt are not well covered by EBIT (1x coverage).
What is Office Properties Income Trust's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: OPI's dividend (7.95%) is higher than the bottom 25% of dividend payers in the US market (1.65%).
High Dividend: OPI's dividend (7.95%) is in the top 25% of dividend payers in the US market (4.39%)
Stability and Growth of Payments
Stable Dividend: OPI's dividend payments have been volatile in the past 10 years.
Growing Dividend: OPI's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (37.9%), OPI's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: OPI's dividends in 3 years are forecast to be thoroughly covered by earnings (0.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
David Blackman (56yo)
Mr. David M. Blackman has been Chief Executive Officer at Tremont Mortgage Trust since June 1, 2017 and its Managing Trustee since March 9, 2018. He also serves as President at Tremont Mortgage Trust since ...
|CFO & Treasurer||1yr||US$91.54k||0.0072% $96.2k|
|VP & COO||0.083yr||US$61.52k||0.0058% $77.5k|
|Senior Director||2.08yrs||no data||no data|
|Secretary||11.42yrs||no data||no data|
|Manager of Investor Relations||no data||no data||no data|
Experienced Management: OPI's management team is considered experienced (2 years average tenure).
|Independent Trustee||11yrs||US$158.16k||0.025% $333.8k|
|Independent Trustee||1.42yrs||US$306.93k||0.029% $388.9k|
|Chairman of the Board||1yr||US$71.91k||0.29% $3.8m|
|Independent Trustee||11yrs||US$168.16k||0.027% $354.6k|
|Independent Trustee||1.42yrs||US$301.93k||0.029% $388.9k|
|Independent Trustee||11yrs||US$168.16k||0.034% $459.8k|
|Lead Independent Trustee||1.08yrs||US$173.16k||0.014% $188.3k|
Experienced Board: OPI's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Office Properties Income Trust's company bio, employee growth, exchange listings and data sources
- Name: Office Properties Income Trust
- Ticker: OPI
- Exchange: NasdaqGS
- Industry: Office REITs
- Sector: Real Estate
- Market Cap: US$1.334b
- Shares outstanding: 48.20m
- Website: https://www.opireit.com/home/default.aspx
- Office Properties Income Trust
- Two Newton Place
- Suite 300
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|OPI||NasdaqGS (Nasdaq Global Select)||Yes||Common Shares||US||USD||Jun 2009|
|GOKA||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Jun 2009|
|OPIN.I||NasdaqGS (Nasdaq Global Select)||5.875% SR NT 46||US||USD||May 2016|
OPI is a REIT focused on owning, operating and leasing properties primarily leased to single tenants and those with high credit quality characteristics such as government entities. OPI is managed by the operating subsidiary of the RMR Group Inc. (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, Massachusetts.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/04 11:58|
|End of Day Share Price||2020/06/03 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.