NASDAQ$OPITQ
Office Properties Income Trust · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Reported a net loss of $16.1 million and normalized FFO of $58.9 million.
Office Properties Income Trust (OPI) announced solid financial growth and strong leasing momentum in the second quarter of 2022. Normalized FFO and same property cash basis NOI exceeded prior year results and the high end of guidance. The company completed significant new and renewal leasing, and same property occupancy increased due to leasing activity and asset dispositions.
- Net loss for the quarter ended June 30, 2022 was $16.1 million, or $0.33 per diluted share.
- Normalized FFO for the quarter ended June 30, 2022 was $58.9 million, or $1.22 per diluted share.
- Same property cash basis net operating income for the quarter ended June 30, 2022 increased 1.0% compared to the quarter ended June 30, 2021.
- Leased 679,000 square feet with a 4.9% roll-up in rents and a 9.2 year weighted average lease term.
Headline financials
Revenue & EPS history
OPI · Revenue · Quarterly
$141M
Forward guidance
OPI anticipates favorable leasing momentum will continue for the remainder of the year and expects to moderate the pace of property dispositions due to deteriorating real estate market conditions.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q2 2022
-0.2%
Avg return
Earnings day
-2.8%
Avg return
5 days after
-2.7%
Avg return
30 days after
47%
30 / 64 earnings
Positive
+26.7%
Q1 2024
Best reaction
-16.1%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | — | — | — | |
| Q3 2025 | +0.0% | -52.4% | -55.7% | |
| Q2 2025 | +0.0% | +0.0% | +0.0% | |
| Q1 2025 | -16.1% | +0.0% | +0.0% | |
| Q4 2024 | -5.5% | +0.0% | +0.0% | |
| Q3 2024 | -15.4% | +0.0% | +0.0% | |
| Q2 2024 | +7.7% | +0.0% | +0.0% | |
| Q1 2024 | +26.7% | +0.0% | +0.0% | |
| Q4 2023 | -1.3% | +0.0% | +0.0% | |
| Q3 2023 | +9.0% | +0.0% | +0.0% | |
| Q2 2023 | -3.3% | +0.0% | +0.0% | |
| Q1 2023 | -0.8% | +0.0% | +0.0% | |
| Q4 2022 | +6.2% | +0.0% | +0.0% | |
| Q3 2022 | +2.6% | +0.0% | +0.0% | |
| Q2 2022 | +3.4% | +0.0% | +0.0% | |
| Q1 2022 | -2.5% | +0.0% | +0.0% | |
| Q4 2021 | +2.2% | +0.0% | +0.0% | |
| Q3 2021 | -1.8% | +0.0% | +0.0% | |
| Q2 2021 | +0.5% | +0.0% | +0.0% | |
| Q1 2021 | -0.3% | -0.2% | +5.0% | |
| Q4 2020 | -1.0% | — | — | |
| Q3 2020 | +4.6% | — | — | |
| Q2 2020 | -0.1% | — | — | |
| Q1 2020 | -6.5% | — | — | |
| Q4 2019 | +4.7% | — | — | |
| Q3 2019 | +3.8% | — | — | |
| Q2 2019 | -1.8% | — | — | |
| Q1 2019 | +6.6% | — | — | |
| Q4 2018 | -5.6% | — | — | |
| Q3 2018 | +1.2% | — | — | |
| Q2 2018 | +4.0% | — | — | |
| Q1 2018 | +9.6% | — | — | |
| Q4 2017 | -7.5% | — | — | |
| Q3 2017 | +1.8% | — | — | |
| Q2 2017 | +0.6% | — | — | |
| Q1 2017 | -0.6% | — | — | |
| Q4 2016 | +3.3% | — | — | |
| Q3 2016 | -5.4% | — | — | |
| Q2 2016 | +5.7% | — | — | |
| Q1 2016 | +1.5% | — | — | |
| Q4 2015 | -1.3% | — | — | |
| Q3 2015 | -2.8% | — | — | |
| Q2 2015 | -1.0% | — | — | |
| Q1 2015 | -5.5% | — | — | |
| Q4 2014 | +2.6% | — | — | |
| Q3 2014 | -0.7% | — | — | |
| Q2 2014 | -1.8% | — | — | |
| Q1 2014 | +1.0% | — | — | |
| Q4 2013 | +0.3% | — | — | |
| Q3 2013 | -1.9% | — | — | |
| Q2 2013 | -1.9% | — | — | |
| Q1 2013 | +0.2% | — | — | |
| Q4 2012 | -1.1% | — | — | |
| Q3 2012 | +1.6% | — | — | |
| Q2 2012 | +1.7% | — | — | |
| Q1 2012 | -1.3% | — | — | |
| Q1 2011 | +0.3% | — | — | |
| Q4 2011 | +0.3% | — | — | |
| Q4 2009 | +0.3% | — | — | |
| Q1 2010 | +0.3% | — | — | |
| Q3 2010 | -6.7% | — | — | |
| Q3 2011 | -6.7% | — | — | |
| Q2 2011 | -6.2% | — | — | |
| Q4 2010 | -6.2% | — | — | |
| Q2 2010 | -6.2% | — | — |
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