Office Properties Income: Should The Junk 14.5% Yielding Bonds Be Trading For 44 Cents On The Dollar? [Seeking Alpha]
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
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Source: Seeking Alpha
OPI's credit rating has been downgraded further into junk at "CCC+" with S&P Global citing liquidity pressure and refinancing risk. The REIT has an extremely challenging lease expiration and debt maturity schedule, but there is potential for a strong capital uplift if management can address these issues. Office Properties Income Trust ( NASDAQ: OPI ) is increasingly being priced for bankruptcy. The common shares are down 85% over the last 1 year, dropping a substantial 66% since the start of 2024. Credit risk has come to the forefront of OPI's story and has become the most important factor for a position in the common shares or baby bonds ( NASDAQ: OPINL ). The REIT recently had its credit rating downgraded by S&P Global further into junk at " CCC+ " with the rating agency citing pressured liquidity from upcoming lease expirations and refinancing risk with the Fed fund rates set to remain high for most of 2024 even against expectations of some level of cuts to exit 2024. I own a
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High impacting Office Properties Income Trust - Common Shares of Beneficial Interest news events
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OPI
News
- Office Properties Income Trust Announces Quarterly Dividend on Common SharesBusiness Wire
- Office Properties Income Trust First Quarter 2024 Conference Call Scheduled for Thursday, May 2nd [Yahoo! Finance]Yahoo! Finance
- Office Properties Income Trust First Quarter 2024 Conference Call Scheduled for Thursday, May 2ndBusiness Wire
- Office Properties Income Trust Earns 2024 ENERGY STAR® Partner of the Year Award for the Seventh Consecutive YearBusiness Wire
- Office REITs post drop in Q4 occupancy [Seeking Alpha]Seeking Alpha
OPI
Earnings
- 2/15/24 - Miss
OPI
Sec Filings
- 4/4/24 - Form DEFA14A
- 4/4/24 - Form DEF
- 4/4/24 - Form ARS
- OPI's page on the SEC website