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Stock impact report

Office Properties Income Trust Announces Third Quarter 2022 Results

Office Properties Income Trust - Common Shares of Beneficial Interest (OPI) 
Last office properties income trust - common shares of beneficial interest earnings: 5/1 07:00 am Check Earnings Report
Company Research Source: Business Wire
Net Income of $17.0 Million, or $0.35 Per ShareNormalized FFO of $53.8 Million, or $1.11 Per ShareLeased 606,000 Square Feet with a 21.6% Roll-up in Rents and a 7.2 Year Weighted Average Lease Term NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced its financial results for the quarter ended September 30, 2022.Christopher Bilotto, President and Chief Operating Officer of OPI, made the following statement:“OPI reported a strong third quarter in a rapidly changing economic environment, with continued same property cash basis NOI growth. We completed 606,000 square feet of new and renewal leasing during the quarter, including a new lease for approximately 84,000 square feet to anchor our Seattle Life Science development. The quarter's leasing resulted in a 21.6% weighted average roll up in rent and a 7.2 year weighted average lease term.Our 90.7% occupancy at quarter end continues to outperform the broader market and we expect to reach approxi Show less Read more
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