Quarterly ResultAug 5, 2026, 05:29 PM
OPI Q2 2026 Net Loss $3.1M (Successor); Exits Chapter 11
AI Summary
Office Properties Income Trust announced its financial results for the second quarter and six months ended June 30, 2026. The company reported a net loss of $(3.1) million and Normalized FFO of $4.5 million for the Successor period, and a net loss of $(789.0) million and Normalized FFO of $15.1 million for the Predecessor period. Notably, OPI exited Chapter 11 bankruptcy, which resulted in a $714 million reduction in debt. The company also executed 176,000 square feet of leasing and sold two properties for $58.5 million in July 2026.
Key Highlights
- Exited Chapter 11 bankruptcy, reducing debt by $714 million.
- Q2 2026 Net loss was $(3.1) million for the Successor period.
- Q2 2026 Normalized FFO was $4.5 million for the Successor period.
- Q2 2026 Same property Cash Basis NOI was $8.9 million for the Successor period.
- Executed 176,000 square feet of total leasing.
- Sold two properties in July 2026 for $58.5 million.
- Under agreement to sell nine properties for $49.7 million.
Price Impact
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