Office Properties Income Trust Projects $360 Million in Proceeds from 58-Property Divestment Plan
Office Properties Income Trust (OPI) has announced progress on its strategic plan to sell 58 properties, projecting approximately $360 million in proceeds by 2027. This divestment strategy is part of the company's broader effort to optimize its portfolio and manage capital. In its third quarter results, OPI reported a Normalized Funds From Operations (FFO) of $20.5 million, equivalent to $0.93 per share. The company also demonstrated leasing momentum by securing 13 new leases totaling 400,000 square feet during the period.
Tickers: $OPI
Topics: earnings report financial results leasing activity real estate