Office Properties Income Trust (OPI) is a national real estate investment trust (REIT) that specializes in the acquisition, ownership, and leasing of office and mixed-use properties throughout the United States. Originally founded in 2009 as Government Properties Income Trust, the company rebranded following a 2018 merger with Select Income REIT. OPI's business model centers on securing long-term leases with high credit quality corporate and government tenants. The U.S. government is a cornerstone of its tenant base, historically accounting for over 17% of its annualized rental income, alongside major corporate tenants like Alphabet and Bank of America. Geographically, OPI's portfolio spans approximately 29 states and Washington, D.C., encompassing over 17 million rentable square feet. The company is externally managed by The RMR Group LLC, an alternative asset management firm that oversees its day-to-day operations, property management, and leasing activities. Facing macroeconomic headwinds in the office sector—including reduced demand from remote work trends and a challenging financing environment—OPI filed for Chapter 11 bankruptcy protection in October 2025. The company successfully emerged from restructuring in June 2026 with a significantly deleveraged balance sheet, a reinstated credit facility, and a new board of directors, positioning it for long-term operational stability in the evolving commercial real estate market.
How many years of EBITDA are required to pay off the company's net debt, according to the official accounting standard IFRS16. As a market consensus, a value of up to 3 years of leverage is accepted for most companies.
How much the company's debt represents in % in relation to its equity. As a market consensus, a value less than or equal to 1 is accepted, above that leverage can end up hurting the final result at some point.
The current ratio helps investors understand more about a company's ability to cover its short-term debt with its current assets and make apples-to-apples comparisons with its competitors and peers.
The quick ratio measures a company's capacity to pay its current liabilities without needing to sell its inventory or obtain additional financing and is considered a more conservative measure than the current ratio, which includes all current assets as coverage for current liabilities.
The interest coverage ratio is used to measure how well a firm can pay the interest due on outstanding debt and is is calculated by dividing a company's earnings before interest and taxes (EBIT) by its interest expense during a given period. Generally, a higher coverage ratio is better, although the ideal ratio may vary by industry.
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