Office Ppty Income Trust Pref Share OPINL 6.375 06/23/50 | 10-Q: FY2025 Q1 Revenue: USD 113.62 M

Revenue: As of FY2025 Q1, the actual value is USD 113.62 M.

EPS: As of FY2025 Q1, the actual value is USD -0.66.

Segment Revenue

• Rental income for the three months ended March 31, 2025 was $113,615, a decrease from $139,435 for the same period in 2024.

Operational Metrics

• Net loss for the three months ended March 31, 2025 was $45,867, compared to a net loss of $5,184 for the same period in 2024.
• Total operating expenses for the three months ended March 31, 2025 were $101,897, compared to $107,405 for the same period in 2024.
• Depreciation and amortization expenses for the three months ended March 31, 2025 were $43,733, compared to $50,341 for the same period in 2024.

Cash Flow

• Net cash used in operating activities for the three months ended March 31, 2025 was - $28,588, compared to net cash provided by operating activities of $26,632 for the same period in 2024.
• Net cash provided by investing activities for the three months ended March 31, 2025 was $15,034, compared to net cash used in investing activities of - $4,362 for the same period in 2024.
• Net cash used in financing activities for the three months ended March 31, 2025 was - $184,957, compared to - $4,878 for the same period in 2024.

Unique Metrics

• Weighted average rental rate change for new leases was -3.5%, while lease renewals saw a 19.3% increase, resulting in a total weighted average rental rate change of 13.5%.

Future Outlook and Strategy

• Core Business Focus: The company is actively pursuing strategic initiatives to improve liquidity, including asset sales, debt refinancing, and equity issuance opportunities.
• Non-Core Business: The company is evaluating its portfolio and is in various stages of marketing certain properties for sale, with agreements to sell three properties for an aggregate sales price of $28,863.
• Priority: The company is working with its financial advisor to evaluate strategies to address upcoming debt obligations, including asset sales, debt exchanges, and/or equity sales.