Office Properties Income Trust Reports Q3 2026 Results with Strong NOI Growth and Asset Disposition Progress
Office Properties Income Trust (OPI) reported third-quarter 2026 results characterized by a strategic shift toward a higher-quality, concentrated portfolio. The company achieved a normalized Funds From Operations (FFO) of $20.5 million ($0.93 per share) and saw Same Property Cash Basis NOI increase by 14.8%, driven by rising cash rents and the conclusion of rent abatement periods. Management is actively executing a multi-phase disposition program to reduce debt and improve portfolio quality. Phase 1 is projected to generate $300 million from 32 properties, while Phase 2 targets an additional $360 million in 2027. Upon completion of these sales, the company expects to operate a leaner portfolio of 64 properties with a significantly higher Class A building concentration of 70% and improved occupancy levels.
Tickers: $OPI
Topics: Asset Disposition FFO Leasing Volume NOI Portfolio Occupancy
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