Office Properties Income Trust Announces Quarterly Dividend on Common Shares
July 11 2024 - 8:00AM
Business Wire
Office Properties Income Trust (Nasdaq: OPI) today announced a
regular quarterly cash distribution on its common shares to $0.01
per common 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 July 22, 2024 and distributed on or about August 15,
2024.
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 March 31, 2024, approximately 62% of OPI's
revenues were from investment grade rated tenants. OPI owned and
leased 151 properties as of March 31, 2024, with approximately 20.3
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 over
$41 billion in assets under management as of March 31, 2024, and
more than 35 years of institutional experience in buying, selling,
financing and operating commercial real estate. OPI is
headquartered in Newton, MA. 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:
In this press release, OPI states that its regular quarterly
cash distribution rate is $0.01 per share per quarter or $0.04 per
share per year. OPI’s Board of Trustees considers many factors when
setting or resetting OPI’s distribution rate, including OPI’s
historical and projected income, normalized funds from operations,
cash available for distribution, the then current and expected
needs and availability of cash to pay OPI’s obligations and fund
its investments, distributions which may be required to be paid to
maintain OPI’s qualification for taxation as a REIT and other
factors deemed relevant by OPI’s Board of Trustees. 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240710501357/en/
Kevin Barry, Senior Director, Investor Relations (617)
219-1410
Office Properties Income (NASDAQ:OPI)
Historical Stock Chart
From Oct 2024 to Oct 2024
Office Properties Income (NASDAQ:OPI)
Historical Stock Chart
From Oct 2023 to Oct 2024