NASDAQ$OPITQ
Office Properties Income Trust · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported a strong third quarter with same property cash basis NOI growth and completed significant leasing activity.
Office Properties Income Trust (OPI) announced its Q3 2022 financial results, reporting a net income of $17.0 million, or $0.35 per share, and normalized FFO of $53.8 million, or $1.11 per share. The company leased 606,000 square feet with a 21.6% roll-up in rents and a 7.2 year weighted average lease term. OPI sold 10 properties for approximately $118 million at a weighted average cap rate of approximately 6.8%.
- Net income was $17.0 million, or $0.35 per share.
- Normalized FFO was $53.8 million, or $1.11 per share.
- Leased 606,000 square feet with a 21.6% roll-up in rents and a 7.2 year weighted average lease term.
- Occupancy at quarter end was 90.7%.
Headline financials
Revenue & EPS history
OPI · Revenue · Quarterly
$138M
Forward guidance
OPI remains focused on reducing leverage and maintaining positive leasing momentum, and anticipates completing current development projects in the spring.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 1 quarterly earnings reports
-0.2%
Avg return
Earnings day
-2.9%
Avg return
5 days after
-3.1%
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% | — | — | |
| 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% | — | — | |
| Q4 2011 | +0.3% | — | — | |
| Q4 2009 | +0.3% | — | — | |
| Q1 2011 | +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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