Quarterly UpdatesJun 4, 2026, 04:28 PM
Office Properties Income Trust Q1 NOI Down 8.4%; Occupancy Declines
AI Summary
Office Properties Income Trust (OP) released supplemental information for Q1 2026, showing a decline in Same Property Net Operating Income (NOI) by 8.4% year-over-year to $55,398K, and a 0.5% decrease in Same Property Cash Basis NOI to $52,646K. Occupancy also fell to 81.3% from 85.4% in the prior year's quarter. The company also filed its Monthly Operating Reports (MORs) for April 2026 as part of its ongoing Chapter 11 bankruptcy proceedings, cautioning investors that these unaudited reports are not prepared for investment decision-making purposes.
Key Highlights
- Office Properties Income Trust (OP) reported Q1 2026 Same Property NOI of $55,398K, a decrease of 8.4% YoY.
- Same Property Cash Basis NOI for Q1 2026 was $52,646K, a decrease of 0.5% YoY.
- Portfolio occupancy decreased to 81.3% in Q1 2026 from 85.4% in Q1 2025.
- Total capital expenditures for Q1 2026 were $10,917K.
- The company filed its Monthly Operating Reports (MORs) for April 2026, detailing financial and operational information during its Chapter 11 proceedings.
- The MORs are unaudited, not prepared in accordance with GAAP, and should not be relied upon for investment decisions.
Price Impact
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