false
0001456772
0001456772
2024-05-23
2024-05-23
0001456772
us-gaap:CommonStockMember
2024-05-23
2024-05-23
0001456772
opi:SeniorUnsecuredNotes6.375PercentDueIn2050Member
2024-05-23
2024-05-23
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date of report (Date of earliest event reported):
May 23, 2024
OFFICE PROPERTIES INCOME TRUST
(Exact Name of Registrant as Specified in
Its Charter)
Maryland
(State or Other Jurisdiction of Incorporation)
001-34364 |
|
26-4273474 |
(Commission File Number) |
|
(IRS Employer Identification No.) |
Two Newton Place, 255 Washington Street, Suite
300, Newton, Massachusetts 02458-1634
(Address of Principal Executive Offices) (Zip Code)
617-219-1440
(Registrant’s Telephone Number, Including
Area Code)
Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ¨ | Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title Of each class |
|
Trading Symbol(s) |
|
Name
Of each exchange on which registered |
Common Shares of Beneficial Interest |
|
OPI |
|
The Nasdaq Stock Market LLC |
6.375% Senior Notes due 2050 |
|
OPINL |
|
The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ¨
If an emerging
growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with
any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
In this Current Report on Form 8-K, the terms “we”,
“us”, “our” and “the Company” refer to Office Properties Income Trust.
Amended
Exchange Offer Transactions
On May 23, 2024, we announced certain additional
amendments to our previously announced private exchange offers (as amended, the Amended Exchange Offers) to exchange our outstanding (i) 4.500%
senior unsecured notes due 2025, (ii) 2.650% senior unsecured notes due 2026, (iii) 2.400% senior unsecured notes due 2027 and
(iv) 3.450% senior unsecured notes due 2031 (such notes, collectively, are referred to as the Existing Notes) for up to an aggregate
principal amount of $610,000,000 of new 9.000% Senior Secured Notes due 2029, or New Notes, and related guarantees pursuant to the terms
and conditions set forth in an Offering Memorandum dated as of May 1, 2024, as amended by that May 20, 2024 press release, or
the Offering Memorandum.
The Amended Exchange Offers will expire at 5:00
p.m., New York City time, on June 10, 2024, unless the Amended Exchange Offers are further extended or earlier terminated by us,
conditional upon the satisfaction or, if applicable, waiver of, the conditions to the Amended Exchange Offers.
The New Notes and related guarantees will not be
registered under the Securities Act of 1933, as amended, or the Securities Act, or any state securities laws, and therefore will be subject
to restrictions on transferability and resale. We do not intend to register any of the New Notes and related guarantees under the Securities
Act or the securities laws of any other jurisdiction and are not providing registration rights.
The Offering Memorandum and other documents relating
to the Amended Exchange Offers will only be distributed to holders of Existing Notes who have certified to us that they are qualified
institutional buyers under Rule 144A under the Securities Act or outside the United States to non-U.S. Persons in
compliance with Regulation S under the Securities Act.
The foregoing is a summary of the material terms
of the Amended Exchange Offers and does not purport to be complete, and is subject to, and qualified by, the press release, a copy of
which is attached hereto as Exhibit 99.1 and incorporated by reference into this Item 8.01, and the terms of the Amended Exchange
Offers set forth in the Offering Memorandum.
Warning Concerning Forward-Looking Statements
This Current Report on Form 8-K contains statements
that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and
other securities laws that are subject to risks and uncertainties. These statements may include words such as “believe”, “expect”,
“anticipate”, “intend”, “plan”, “estimate”, “will”, “may” and
negatives or derivatives of these or similar expressions. These forward-looking statements are based upon our present
intent, beliefs or expectations, but forward-looking statements are not guaranteed to occur and may not occur. Actual results
may differ materially from those contained in or implied by our forward-looking statements as a result of various factors.
For example, the completion of the Amended Exchange Offers is conditional upon the satisfaction or, if applicable, waiver of, certain
conditions to the Amended Exchange Offers, some of which are beyond our control. We cannot be sure that these conditions will be satisfied,
or if we will waive such conditions; accordingly, the Amended Exchange Offers may not be consummated on the contemplated terms or timing
or at all.
The information
contained in our periodic reports filed with the Securities and Exchange Commission, or SEC, including under “Risk Factors,”
or incorporated therein, also identifies important factors that could cause our actual results to differ materially from those stated
in or implied by our forward-looking statements. Our filings with the SEC are available on the SEC’s website at www.sec.gov.
You should
not place undue reliance upon any forward-looking statements.
Except as
required by law, we do not intend to update or change any forward-looking statements as a result of new information, future
events or otherwise.
No Offer or Solicitation
Neither this Current Report on Form 8-K nor
the press release attached hereto as Exhibit 99.1 constitutes an offer to sell, or a solicitation of an offer to buy, the New Notes
and related guarantees, nor shall there be any sale of the New Notes and related guarantees in any jurisdiction in which such offer, solicitation
or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
OFFICE PROPERTIES INCOME TRUST |
|
|
|
By: |
/s/ Brian E. Donley |
|
Name: |
Brian E. Donley |
|
Title: |
Chief Financial Officer and Treasurer |
Dated: May 23, 2024 |
|
|
Exhibit 99.1
FOR IMMEDIATE RELEASE
Office Properties
Income Trust Announces Additional Amendments to Private Exchange Offers Relating to Existing Unsecured Senior Notes
Newton, MA
(May 23, 2024): Office Properties Income Trust (Nasdaq: OPI) (“OPI”) today announced certain amendments
to its previously announced private exchange offers (as amended, the “Second Amended Exchange Offers”) to exchange
its outstanding senior unsecured notes due 2025 (the “Existing 2025 Notes”), 2026 (the “Existing 2026 Notes”),
2027 (the “Existing 2027 Notes”) and 2031 (the “Existing 2031 Notes”, and together with the Existing
2025 Notes, Existing 2026 Notes and the Existing 2027 Notes, the “Existing Notes”) for new 9.000% Senior Secured Notes
due 2029 (the “New Notes”) and related guarantees pursuant to the terms and conditions set forth in an offering memorandum,
dated as of May 1, 2024, as previously amended by OPI’s May 20, 2024 press release.
The Second Amended
Exchange Offers (1) provide for updated Acceptance Priority Levels and Priority Amounts for Existing Notes and (2) extend the
Expiration Time, but otherwise all terms and conditions remain the same as in the offering memorandum, dated as of May 1, 2024,
as previously amended by OPI’s May 20, 2024 press release (collectively, the “Offering Memorandum”).
Amended Acceptance Priority Levels;
Priority Amounts for Each Series
The Acceptance Priority
Levels and Priority Amounts for Existing Notes are being modified as part of the Second Amended Exchange Offers. Each series of Existing
Notes will take priority up to the Priority Amount of New Notes to be issued in exchange therefor as set forth in the Updated Priority
Table below.
If the aggregate
principal amount of Existing Notes of any series that participates in the exchange would, if fully accepted, result in the issuance of
New Notes in excess of the Priority Amount for such series, then the amount of Existing Notes of such series participating in the exchange
will be reduced on a pro rata basis. However, to the extent that New Notes issued in respect of any series of Existing Notes would be
less than the Priority Amount for such series (the difference between the Priority Amount for such series and the New Notes issued in
respect of such series, an “Undersubscribed New Notes Amount”), the Undersubscribed New Notes Amount will be allocated
to holders of other series of Existing Notes, if any, that exceeded the applicable Priority Amount for such series in accordance with
the assigned Acceptance Priority Levels shown in the Updated Priority Table below, with 1 being the highest and 4 being the lowest, subject
to pro rata reduction.
The maximum aggregate
principal amount of New Notes issued in connection with the Second Amended Exchange Offers remains $610 million.
Updated Priority Table
Existing
Notes to Be Exchanged | |
CUSIP/ISIN | |
Existing
Aggregate
Outstanding
Principal
Amount | | |
“Priority
Amount” of New
Notes | | |
Acceptance
Priority Level
for
Undersubscribed
New
Notes
Amount | |
Exchange
Consideration | |
Existing 2025 Notes | |
81618TAC4/US81618TAC45 | |
$ | 650,000,000 | | |
$ | 200,000,000 | | |
1 | |
$ | 938 | |
Existing 2031 Notes | |
67623CAF6/US67623CAF68 | |
$ | 400,000,000 | | |
$ | 150,000,000 | | |
2 | |
$ | 515 | |
Existing 2027 Notes | |
67623CAE9/US67623CAE93 | |
$ | 350,000,000 | | |
$ | 135,000,000 | | |
3 | |
$ | 610 | |
Existing 2026 Notes | |
67623CAD1/US67623CAD11 | |
$ | 300,000,000 | | |
$ | 125,000,000 | | |
4 | |
$ | 720 | |
Illustration of Priority for Undersubscribed
New Notes Amount
The following table
illustrates the waterfall of claims on each of the Priority Amounts set forth in the Updated Priority Table above.
$200,000,000 | |
$150,000,000 | |
$135,000,000 | |
$125,000,000 |
Existing
2025 Notes | |
Existing
2031 Notes | |
Existing
2027 Notes | |
Existing
2026 Notes |
Existing
2031 Notes | |
Existing
2025 Notes | |
Existing
2025 Notes | |
Existing
2025 Notes |
Existing
2027 Notes | |
Existing
2027 Notes | |
Existing
2031 Notes | |
Existing
2031 Notes |
Existing
2026 Notes | |
Existing
2026 Notes | |
Existing
2026 Notes | |
Existing
2027 Notes |
Waiver of Minimum Tender Conditions
As previously announced
on May 20, 2024, OPI waived the conditions requiring (i) the tender of at least $97.5 million in aggregate principal amount
of the Existing 2025 Notes and (ii) the tender of a sufficient amount of Existing Notes such that at least $488 million in aggregate
principal amount of New Notes will be issued on the Settlement Date.
Exchange Consideration
Under the terms
of the Second Amended Exchange Offers, holders exchanging their Existing Notes remain entitled to receive the revised amounts of New
Notes set forth in the Updated Priority Table, subject to pro rata reduction as described above. This consideration is the same as the
Early Exchange Consideration (as defined in the offering memorandum, dated as of May 1, 2024) offered to holders who previously
tendered prior to the May 14, 2024 early delivery time. Accordingly, any disclosure in the Offering Memorandum relating to the tax
treatment of the Additional Early Exchange Consideration (as defined in offering memorandum, dated as of May 1, 2024) is no longer
applicable.
Extension of Expiration Time
In connection with
the amendments, OPI announced that the expiration time for the Second Amended Exchange Offers has been extended until 5:00 p.m., New
York City time, on June 10, 2024 (such date and time, as may be extended, the “Amended Expiration Time”). The
withdrawal deadline expired at 5:00 p.m., New York City time, on May 14, 2024, and has not been extended.
Exchange Participation To-Date
According to information
provided by D.F. King & Co, the information and exchange agent (the “Information and Exchange Agent”), as
of 9:00 a.m., New York City time, on May 23, 2024, the amounts of Existing Notes validly tendered (and not validly withdrawn) by
Eligible Holders remain the same as set forth in OPI’s May 20, 2024 press release.
No Registration
The offer and sale
of the New Notes and related guarantees will not be registered under the Securities Act of 1933, as amended (the "Securities
Act"), or any state securities laws, and the New Notes and related guarantees will therefore be subject to restrictions on transferability
and resale. OPI does not intend to register the sale of any of the New Notes and related guarantees under the Securities Act or the securities
laws of any other jurisdiction and is not providing registration rights. The New Notes and related guarantees may not be offered or sold
in the United States absent registration or an applicable exemption from registration requirements and may not be transferred by any
holder except in accordance with the restrictions described under “Transfer Restrictions” in the Offering Memorandum.
Eligible Holders
The Second Amended
Exchange Offers are being made, and the New Notes and related guarantees are being offered and issued, only to holders who have certified
to OPI that either they are (a) in the U.S. and are “qualified institutional buyers” (as defined in Rule 144A under
the Securities Act) and are holders of the Existing Notes, or (b) outside the U.S. and are holders of the Existing Notes who are
non-U.S. persons in reliance upon and in compliance with Regulation S under the Securities Act (such holders, “Eligible Holders”).
Only Eligible Holders are authorized to receive or review the Offering Memorandum or to participate in the Second Amended Exchange Offers.
The Offering Memorandum
is only available to holders who complete an eligibility letter confirming their status as Eligible Holders. Holders of Existing Notes
who wish to receive a copy of the eligibility letters for the Second Amended Exchange Offers may contact the Information and Exchange
Agent, at D.F. King & Co., Inc., 48 Wall Street, New York, New York 10005, Attn: Michael Horthman, (212) 269-5550 (for
banks and brokers) or (800) 829-6551 (for all others). Holders may also obtain and complete an electronic copy of the applicable eligibility
letter on the following website links maintained by the Information and Exchange Agent: www.dfking.com/opi.
Requests for the
Amended Exchange Offer materials from Eligible Holders may be directed to the Information and Exchange Agent at D.F. King &
Co., Inc., 48 Wall Street, New York, New York 10005, Attn: Michael Horthman, (212) 269-5550 (for banks and brokers) or (800) 829-6551
(for all others).
General
OPI is making the
Second Amended Exchange Offers only by, and pursuant to, the terms of the Offering Memorandum, as amended by this press release. OPI
reserves the right to terminate, withdraw, amend or extend one or more of the Second Amended Exchange Offers in its discretion, subject
to the terms and conditions set forth in the Offering Memorandum, as amended, and not to provide withdrawal rights in connection therewith
except as required by law.
None of OPI,
Moelis & Company LLC, as dealer manager, the Information and Exchange Agent, their respective affiliates nor any other person
makes any recommendation as to whether Eligible Holders should tender or refrain from tendering their Existing Notes in the Second Amended
Exchange Offers, as applicable. Eligible Holders must make their own decision as to whether or not to tender their Existing Notes, as
applicable, as well as with respect to the principal amount of the Existing Notes to tender.
The Second Amended
Exchange Offers are not being made to any holders of Existing Notes in any jurisdiction in which the making or acceptance thereof would
not be in compliance with the securities, blue sky or other laws of such jurisdiction. The Existing Notes that are not exchanged will
continue to be outstanding in accordance with all other terms of the Existing Notes and the indentures governing such Existing Notes.
This press release
is being made for informational purposes only in accordance with Rule 135c of the Securities Act and does not constitute an offer
to purchase securities or a solicitation of an offer to sell any securities or an offer to sell or the solicitation of an offer to purchase
any new securities, nor does it constitute an offer or solicitation in any jurisdiction in which such offer or solicitation is unlawful.
The Second Amended Exchange Offers are being made solely on the terms and subject to the conditions set forth in the Offering Memorandum,
as amended by this press release, and the information in this press release is qualified by reference to such Offering Memorandum.
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 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.
WARNING CONCERNING
FORWARD-LOOKING STATEMENTS
Statements in this
news release, including statements regarding the Second Amended Exchange Offers constitute “forward-looking statements” that
do not directly or exclusively relate to historical facts. When used in this release, the words “may,” “will,”
“might,” “should,” “expect,” “plan,” “anticipate,” “project,”
“believe,” “estimate,” “predict,” “intend,” “potential,” “outlook,”
and “continue,” and the negative of these terms, and other similar expressions are intended to identify forward-looking statements
and information.
The forward-looking
statements reflect OPI’s intentions, plans, expectations, anticipations, projections, estimations, predictions, assumptions and
beliefs about future events and are subject to risks, uncertainties and other factors, many of which are outside of OPI’s control.
Important factors that could cause actual results to differ materially from the expectations expressed or implied in the forward-looking
statements include known and unknown risks. Known risks include, among others, market conditions and the risks described in OPI’s
annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and amendments to those reports
and risks and uncertainties related to our ability to consummate the Second Amended Exchange Offers.
Because actual results
could differ materially from OPI’s intentions, plans, expectations, anticipations, projections, estimations, predictions, assumptions
and beliefs about the future, you are urged to view all forward-looking statements with caution. OPI does not undertake any obligation
to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Questions regarding
the Second Amended Exchange Offers may be directed to:
|
Contact: |
|
Kevin Barry, Senior Director, Investor Relations |
|
(617) 219-1410 |
v3.24.1.1.u2
X |
- DefinitionBoolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
+ Details
Name: |
dei_AmendmentFlag |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionFor the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
+ References
+ Details
Name: |
dei_DocumentPeriodEndDate |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:dateItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
+ Details
Name: |
dei_DocumentType |
Namespace Prefix: |
dei_ |
Data Type: |
dei:submissionTypeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAddress Line 1 such as Attn, Building Name, Street Name
+ References
+ Details
Name: |
dei_EntityAddressAddressLine1 |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAddress Line 2 such as Street or Suite number
+ References
+ Details
Name: |
dei_EntityAddressAddressLine2 |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAddress Line 3 such as an Office Park
+ References
+ Details
Name: |
dei_EntityAddressAddressLine3 |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
dei_EntityAddressCityOrTown |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCode for the postal or zip code
+ References
+ Details
Name: |
dei_EntityAddressPostalZipCode |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionName of the state or province.
+ References
+ Details
Name: |
dei_EntityAddressStateOrProvince |
Namespace Prefix: |
dei_ |
Data Type: |
dei:stateOrProvinceItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionA unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityCentralIndexKey |
Namespace Prefix: |
dei_ |
Data Type: |
dei:centralIndexKeyItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionIndicate if registrant meets the emerging growth company criteria.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityEmergingGrowthCompany |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCommission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
+ Details
Name: |
dei_EntityFileNumber |
Namespace Prefix: |
dei_ |
Data Type: |
dei:fileNumberItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTwo-character EDGAR code representing the state or country of incorporation.
+ References
+ Details
Name: |
dei_EntityIncorporationStateCountryCode |
Namespace Prefix: |
dei_ |
Data Type: |
dei:edgarStateCountryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityRegistrantName |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityTaxIdentificationNumber |
Namespace Prefix: |
dei_ |
Data Type: |
dei:employerIdItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionLocal phone number for entity.
+ References
+ Details
Name: |
dei_LocalPhoneNumber |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 13e -Subsection 4c
+ Details
Name: |
dei_PreCommencementIssuerTenderOffer |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 14d -Subsection 2b
+ Details
Name: |
dei_PreCommencementTenderOffer |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTitle of a 12(b) registered security.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b
+ Details
Name: |
dei_Security12bTitle |
Namespace Prefix: |
dei_ |
Data Type: |
dei:securityTitleItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionName of the Exchange on which a security is registered.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection d1-1
+ Details
Name: |
dei_SecurityExchangeName |
Namespace Prefix: |
dei_ |
Data Type: |
dei:edgarExchangeCodeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Section 14a -Number 240 -Subsection 12
+ Details
Name: |
dei_SolicitingMaterial |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTrading symbol of an instrument as listed on an exchange.
+ References
+ Details
Name: |
dei_TradingSymbol |
Namespace Prefix: |
dei_ |
Data Type: |
dei:tradingSymbolItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Securities Act -Number 230 -Section 425
+ Details
Name: |
dei_WrittenCommunications |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Details
Name: |
us-gaap_StatementClassOfStockAxis=us-gaap_CommonStockMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementClassOfStockAxis=opi_SeniorUnsecuredNotes6.375PercentDueIn2050Member |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
Office Properties Income (NASDAQ:OPINL)
Historical Stock Chart
From Aug 2024 to Sep 2024
Office Properties Income (NASDAQ:OPINL)
Historical Stock Chart
From Sep 2023 to Sep 2024