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Office Properties Income Trust Suspends Quarterly Distribution to Preserve Cash

NEWTON, Mass.--(BUSINESS WIRE)-- ) today announced that its Board of Trustees has suspended OPI鈥檚 quarterly cash distribution on its common shares of $0.01 per share ($0.04 per share per year) in order to preserve OPI鈥檚 cash. OPI currently expects to retain approximately $3.0 million of cash annually as a result.

About Office Properties Income Trust

OPI is a national REIT focused on owning and leasing office properties to high credit quality tenants in markets throughout the United States. As of March 31, 2025, approximately 60% of OPI's revenues were from investment grade rated tenants. OPI owned 125 properties as of March 31, 2025, with approximately 17.3 million square feet located in 29 states and Washington, D.C. In 2024, OPI was named as an Energy Star^庐 Partner of the Year for the seventh consecutive year. OPI is managed by Group (Nasdaq: RMR), a leading U.S. alternative asset management company with approximately $40 billion in assets under management as of March 31, 2025, and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. OPI is headquartered in Newton, MA. For more information, visit .

WARNING CONCERNING FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. These forward-looking statements are based upon OPI鈥檚 present intent, beliefs and expectations, but these statements and the implications of these statements are not guaranteed to occur and may not occur for various reasons, some of which are beyond OPI鈥檚 control.

For example, this press release states that OPI expects to retain approximately $3.0 million of cash annually as a result of suspending the quarterly cash distribution. However, OPI may not retain the cash it currently expects from the dividend suspension or otherwise preserve its liquidity. OPI鈥檚 distribution rate may be set and reset from time to time by OPI鈥檚 Board of Trustees. Further, OPI鈥檚 Board of Trustees considers many factors when setting or resetting OPI鈥檚 distribution rate, including OPI鈥檚 funds from operations and normalized funds from operations, cash available for distribution, requirements to maintain OPI鈥檚 qualification for taxation as a REIT, the then current and expected needs and availability of cash to pay OPI鈥檚 obligations and fund its investments, limitations in OPI鈥檚 debt agreements, the availability to OPI of debt and equity capital, OPI鈥檚 expectation of its future capital requirements and operating performance, OPI鈥檚 expected needs for and availability of cash to pay its obligations and other factors deemed relevant by OPI鈥檚 Board of Trustees in its discretion. Accordingly, OPI cannot be sure whether it will pay future distributions on its common shares or as to the rate at which any future distributions will be paid.

The information contained in OPI鈥檚 filings with the Securities and Exchange Commission, or SEC, including under the caption 鈥淩isk Factors鈥� in OPI鈥檚 periodic reports, or incorporated therein, identifies other important factors that could cause differences from OPI鈥檚 forward-looking statements. OPI鈥檚 filings with the SEC are available on the SEC鈥檚 website at .

You should not place undue reliance upon forward-looking statements.

Except as required by law, OPI does not intend to update or change any forward-looking statements as a result of new information, future events or otherwise.

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Kevin Barry, Senior Director, Investor Relations

(617) 219-1410

Source: Office Properties Income Trust