Office Properties Income Trust Announces Quarterly Dividend on Common Shares
16 Januar 2025 - 2:00PM
Business Wire
Office Properties Income Trust (Nasdaq: OPI) today announced a
regular quarterly cash distribution on its common shares of $0.01
per share ($0.04 per share per year). This distribution will be
paid to OPI’s common shareholders of record as of the close of
business on January 27, 2025 and distributed on or about February
20, 2025.
About Office Properties Income Trust
OPI is a national REIT focused on owning and leasing office
properties to high credit quality tenants in markets throughout the
United States. As of September 30, 2024, approximately 59% of OPI’s
revenues were from investment grade rated tenants. OPI owned 145
properties as of September 30, 2024, with approximately 19.5
million square feet located in 30 states and Washington, D.C. In
2024, OPI was named as an Energy Star® Partner of the Year for the
seventh consecutive year. OPI is managed by The RMR Group (Nasdaq:
RMR), a leading U.S. alternative asset management company with
nearly $41 billion in assets under management as of September 30,
2024, and more than 35 years of institutional experience in buying,
selling, financing and operating commercial real estate. For more
information, visit opireit.com.
WARNING CONCERNING
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995
and other securities laws. These forward-looking statements are
based upon OPI’s present intent, beliefs and expectations, but
these statements and the implications of these statements are not
guaranteed to occur and may not occur for various reasons, some of
which are beyond OPI’s control.
For example, this press release states that OPI’s regular
quarterly cash distribution rate is $0.01 per share per quarter or
$0.04 per share per year. A possible implication of this statement
is that OPI will continue to pay quarterly distributions of $0.01
per share per quarter or $0.04 per share per year in the future.
OPI’s distribution rate may be set and reset from time to time by
OPI’s Board of Trustees. OPI’s Board of Trustees considers many
factors when setting or resetting OPI’s distribution rate,
including OPI’s historical and projected net income, funds from
operations and normalized funds from operations, cash available for
distribution, requirements to maintain OPI’s qualification for
taxation as a REIT, the then current and expected needs and
availability of cash to pay OPI’s obligations and fund its
investments, limitations in OPI’s debt agreements, the availability
to OPI of debt and equity capital, OPI’s dividend yield and its
dividend yield compared to the dividend yields of other REITs,
OPI’s expectation of its future capital requirements and operating
performance, OPI’s expected needs for and availability of cash to
pay its obligations and other factors deemed relevant by OPI’s
Board of Trustees in its discretion. Accordingly, future
distributions to OPI’s shareholders may be increased or decreased
and OPI cannot be sure as to the rate at which future distributions
will be paid.
You should not place undue reliance upon forward-looking
statements.
Except as required by law, OPI does not intend to update or
change any forward-looking statements as a result of new
information, future events or otherwise.
A Maryland Real Estate Investment Trust with
transferable shares of beneficial interest listed on the Nasdaq. No
shareholder, Trustee or officer is personally liable for any act or
obligation of the Trust.
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version on businesswire.com: https://www.businesswire.com/news/home/20250115870270/en/
Kevin Barry, Senior Director, Investor Relations (617)
219-1410
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