)

Office Properties Income Trust (OPI) investor relations material
Office Properties Income Trust Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Net loss of $41.2 million for Q2 2025, driven by lower rental income, higher interest expense, and reduced property occupancy; normalized FFO was $9.4 million ($0.13/share).
Portfolio consists of 125 properties totaling 17.3 million sq ft across 29 states and D.C., with 85.2% same property occupancy and a weighted average lease term of 6.8 years as of June 30, 2025.
59% of revenues come from investment grade tenants; U.S. Government is the largest tenant at 17.1% of annualized revenue.
Executed 416,000 sq ft of leasing in Q2 2025, with renewals making up two-thirds of activity and rental rates 6.4%–8.5% above prior rates.
Substantial doubt remains about ability to continue as a going concern due to liquidity and debt maturity concerns.
Financial highlights
Annualized revenue of $398M, down $85M (18%) year-over-year; Q2 2025 rental income was $114.5M, down 7.4% year-over-year.
Q2 normalized FFO was $9.4M ($0.13/share), up from $4.4M ($0.06/share) in Q1 2025.
Q2 2025 net loss: $41.2M; six-month net loss: $87.1M.
Interest expense in Q2 was $53M, up $14M (37%) year-over-year.
Cash and equivalents at June 30, 2025: $91.95M; total debt was $2.43B, with 79.8% secured and 82.5% fixed rate.
Outlook and guidance
Q3 2025 normalized FFO expected between $0.07 and $0.09 per share.
Same property cash basis NOI projected to decrease 7%-9% year-over-year due to tenant vacancies.
Substantial doubt about ability to continue as a going concern; Board may consider bankruptcy if refinancing is not achieved.
Ongoing evaluation of asset sales, debt exchanges, and equity issuances to address upcoming debt maturities.
2025 CapEx anticipated at $43M ($10M building, $33M leasing capital).
Next Office Properties Income Trust earnings date

Next Office Properties Income Trust earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage