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

Office Properties Income Trust is a real estate investment trust, or REIT, which owns buildings primarily leased to single tenants and those with high credit quality characteristics like government entities.

In December 2018, our predecessor company Government Properties Income Trust, or GOV, merged with Select Income REIT, or SIR, and the combined company was renamed Office Properties Income Trust, or OPI. Combining the two companies creates a national office REIT with increased scale, enhanced tenant and geographic diversification, a well-laddered lease expiration schedule, a broader investment strategy, and a company with one of the highest percentages of rent paid by investment grade rated tenants in the office sector.

OPI has been investment grade rated since 2019. OPI is a component of 59 market indices and it comprises more than 1% of the following indices as of September 30, 2019: BI North America Office REIT Valuation Peers (BROFFRTV), Invesco KBW Premium Yield Equity REIT ETF INAV Index (KBWYIV), Russell 3000 Equity REIT: Office (RGUSFEO), Solactive US Small Cap High Dividend Index (SOLSMHD), Bloomberg Reit Office Property Index (BBREOFPY), Russell 2000 Real Estate Investment Trusts (Reit) Index (RGUSFSRI) and Solactive Global SuperDividend Index (SOLSDIV).

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

Upon achieving leverage targets, OPI expects to maintain an ongoing capital recycling program whereby it will strive to sell between $100 million to $300 million of properties annually 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 September 30, 2019, RMR has

$32.8 BILLION

IN AUM

Approximately

600

CRE Professionals

MORE THAN

30 OFFICES

THROUGHOUT THE U.S.

RMR Managed Companies have

Over

2,200