23 May 2026
OFFICE PROPERTIES INCOME TRUST
CIK: 1456772•1 Annual Report•Latest: 2026-05-22
Disclaimer: AI-assisted summary of SEC Form 10-K filings. Not official company content and not investment, legal, accounting, or tax advice. See full disclaimer here.
10-K / May 22, 2026
OPI
Company type and formation
- Real estate investment trust (REIT) formed in 2009 under Maryland law.
Portfolio overview
- Wholly owned properties: 122 properties containing approximately 17.1 million rentable square feet (unaudited).
- Unconsolidated joint venture: 51% noncontrolling ownership interest in a venture that owns two properties containing approximately 0.3 million rentable square feet.
- Undepreciated carrying value of properties: approximately $3.7 billion.
- Depreciated carrying value of properties: approximately $2.9 billion.
Tenants and lease characteristics
- Number of tenants: 212.
- Weighted average remaining lease term: approximately 6.6 years (based on annualized rental income).
- Largest tenant: the U.S. government, representing approximately 17.2% of annualized rental income as of December 31, 2025.
- Annualized rental income: the annualized contractual base rents from tenants pursuant to lease agreements as of December 31, 2025, plus straight line rent adjustments and estimated recurring expense reimbursements to be paid to the company, excluding lease value amortization.
Corporate details
- Principal executive offices: Two Newton Place, 255 Washington Street, Suite 300, Newton, Massachusetts 02458-1634.
- Telephone: (617) 219-1440.
Chapter 11 proceedings
- Filing: On October 30, 2025, the company (OPI) and certain subsidiaries filed Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division.
- Restructuring: Entered into a Restructuring Support Agreement (RSA) with certain holders of the 9.00% senior secured notes due September 2029 to implement a court-supervised restructuring.
- Debtor-in-possession financing: DIP facility of $125.0 million provided by certain noteholders, approved by the Bankruptcy Court on February 4, 2026.