Office Ppty Income Trust Pref Share OPINL 6.375 06/23/50 | 10-Q: FY2025 Q2 Revenue: USD 114.5 M

Revenue: As of FY2025 Q2, the actual value is USD 114.5 M.

EPS: As of FY2025 Q2, the actual value is USD -0.58.

Segment Revenue

• Rental Income: For the three months ended June 30, 2025, rental income was $114,499, a decrease from $123,686 in the same period in 2024. For the six months ended June 30, 2025, rental income was $228,114, down from $263,121 in 2024.

Operational Metrics

• Net Income: The net loss for the three months ended June 30, 2025, was -$41,186, compared to a net income of $76,171 in the same period in 2024. For the six months ended June 30, 2025, the net loss was -$87,053, compared to a net income of $70,987 in 2024.
• Depreciation and Amortization: For the three months ended June 30, 2025, depreciation and amortization were $43,838, down from $50,391 in 2024. For the six months ended June 30, 2025, these expenses were $87,571, compared to $100,732 in 2024.
• Operating Expenses: Total operating expenses for the three months ended June 30, 2025, were $49,031, compared to $47,640 in 2024. For the six months ended June 30, 2025, operating expenses were $101,261, compared to $98,827 in 2024.

Cash Flow

• Net Cash Provided by Operating Activities: For the six months ended June 30, 2025, net cash provided by operating activities was $3,811, compared to $58,499 in 2024.
• Net Cash Used in Financing Activities: For the six months ended June 30, 2025, net cash used in financing activities was -$191,528, compared to -$29,544 in 2024.

Unique Metrics

• Loss on Impairment of Real Estate: A loss on impairment of real estate of $2,426 was recorded in the six months ended June 30, 2025, compared to $131,732 in 2024.

Future Outlook and Strategy

• Core Business Focus: The company is actively pursuing strategic initiatives to improve liquidity, which could include asset sales, debt refinancing, or equity issuance opportunities. The company is working with financial advisors to evaluate strategies to address upcoming debt obligations, which could include potential asset sales, debt exchanges, or equity sales.
• Non-Core Business: The company continues to evaluate its portfolio and is in various stages of marketing certain properties for sale. As of July 29, 2025, agreements to sell three properties for an aggregate sales price of $28,863 have been made.