Office Properties Income Trust (OPI) Stock Price & How to Invest
Last updated July 2026
Short answer
You can invest in Office Properties Income Trust (OPI) by buying shares or fractional shares at any major US broker, or as one holding in a real-estate or REIT-focused basket. One thing to understand before anything else: OPI went through Chapter 11 bankruptcy and emerged in June 2026. All of the previously outstanding common shares were canceled, and roughly 22 million newly issued common shares began trading on the Nasdaq under the same symbol OPI on June 18, 2026. So today's OPI is a reorganized, fresh-start company, not the same equity that existed before. It is an office REIT (real estate investment trust) that owns office buildings largely leased to single tenants, including government and investment-grade tenants, and is externally managed by The RMR Group.
OPI stock price
As of 2026-07-14, Office Properties Income Trust (OPI) last closed at $17.42. Over its trading history so far it has traded between $16.30 and $33.85.
Prices are daily closing prices from Yahoo Finance and may be delayed. For the live quote, check your broker or Office Properties Income Trust's investor relations page. Walnut is informational, not investment advice.
What does Office Properties Income Trust (OPI) do?
Office Properties Income Trust is a real estate investment trust that owns office properties, historically emphasizing buildings leased to single tenants with strong credit, including US government and investment-grade tenants. It is externally managed by The RMR Group, an alternative asset manager that runs several public REITs. Like much of the office sector, OPI was hit hard by rising interest rates, remote and hybrid work reducing office demand, and a wall of maturing debt it could not easily refinance. Its dividend was cut repeatedly (from 0.55 dollars per quarter in 2023 down to a token amount, then fully suspended in mid-2025), its shares were delisted from the Nasdaq in October 2025, and the company filed for Chapter 11 bankruptcy protection on October 30, 2025.
OPI completed its restructuring and emerged from Chapter 11 on June 17, 2026, cutting total debt by roughly 714 million dollars through note exchanges, reinstatements, and equity issuance, leaving about 1.7 billion dollars of debt on the post-emergence balance sheet. All previously outstanding common shares were canceled, trade and operational creditors were paid in full, and about 22 million newly issued common shares began trading on the Nasdaq under the symbol OPI on June 18, 2026. Post-emergence, OPI has been described as owning around 122 office properties totaling roughly 17.1 million rentable square feet across 29 states and Washington, D.C., still managed by RMR. The investment picture is now a turnaround: a lighter balance sheet against a still-challenged office real estate market and a fresh-start equity with limited public trading history.
What's driving Office Properties Income Trust (OPI)?
1. Fresh-start balance sheet
The core of the reorganization was cutting debt. OPI reduced total borrowings by roughly 714 million dollars and emerged with about 1.7 billion dollars of debt, a lighter load than before. A cleaner capital structure buys the reorganized company time and reduces near-term refinancing pressure. Whether that is enough depends on office fundamentals and how the remaining debt matures and is priced going forward.
2. Office-sector demand and occupancy
OPI's fortunes are tied to demand for office space, which has been pressured by remote and hybrid work. The portfolio of around 122 properties (roughly 17.1 million square feet across 29 states and Washington, D.C.) leans on single-tenant leases, including government and higher-credit tenants. Leasing, renewals, occupancy, and rent levels in a soft office market are the day-to-day swing factors for the reorganized business.
3. External management by RMR
OPI is externally managed by The RMR Group under new multi-year management agreements after emergence. RMR is an experienced commercial real estate manager overseeing more than 37 billion dollars in assets. External management brings scale and expertise but also introduces fee structures and potential conflict-of-interest considerations that investors in externally managed REITs typically weigh against internally managed peers.
4. Dividend and capital-return uncertainty
OPI suspended its common dividend in 2025 to preserve cash before bankruptcy. As a reorganized REIT that must still meet distribution rules to keep REIT tax status over time, its future capital-return policy is unsettled and will depend on cash flow, debt terms, and the board's decisions. Investors should not assume the pre-bankruptcy dividend history says anything about the fresh-start company's payouts.
What are the risks to Office Properties Income Trust (OPI)?
The overriding fact is that OPI just went through bankruptcy: the prior common equity was wiped out entirely, so anyone buying today is buying a brand-new, fresh-start stock with almost no post-emergence trading history and limited visibility. The office real estate market remains structurally challenged by remote and hybrid work, weak demand, and higher-for-longer interest rates, which pressure occupancy, rents, and property values. Even after cutting debt, OPI carries about 1.7 billion dollars of borrowings, so refinancing and interest costs remain a live risk. As an externally managed REIT with a small share count (around 22 million shares), the stock can be thinly traded and volatile, and management fees add a layer of cost. There is no guarantee the reorganized company avoids further distress if office fundamentals worsen, and any future dividend is uncertain. This is a special-situation, high-risk name rather than a stable income REIT.
How is Office Properties Income Trust (OPI) valued? (approximate, Jul 2026)
A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Office Properties Income Trust's investor relations page or your broker.
- Company type: Externally managed office REIT, reorganized out of Chapter 11 in June 2026 (fresh-start entity)
- Listing status: New common shares began trading on Nasdaq under 'OPI' on June 18, 2026; the old shares were delisted in Oct 2025 and canceled
- Shares outstanding: ~22 million newly issued common shares (small float; prior shares canceled)
- Debt after emergence: ~$1.7 billion, down roughly $714 million via the restructuring
- Portfolio: ~122 office properties, ~17.1 million rentable square feet across 29 states and Washington, D.C.
- Dividend: Common dividend suspended in 2025; future policy unsettled post-emergence
Figures are approximate, drawn from public 2026 restructuring disclosures, and tied to the asOf date; verify live numbers before acting. Because OPI is a fresh-start company with very little post-emergence trading history and a small share count, traditional valuation multiples are unreliable and the stock can be highly volatile. This is best understood as a post-bankruptcy special situation, not a settled, income-oriented REIT.
Who competes with Office Properties Income Trust (OPI)?
Office REITs
OPI competes for tenants and capital with other office-focused REITs such as Boston Properties (BXP), Cousins Properties, Highwoods Properties, and Vornado Realty Trust. These names are also navigating the post-pandemic office market, though many entered the downturn with stronger balance sheets, larger scale, or higher-quality, better-located assets than OPI.
RMR-managed and externally managed REITs
OPI shares its manager, The RMR Group, with other RMR-run REITs such as Diversified Healthcare Trust and Service Properties Trust. Investors comparing externally managed REITs often weigh RMR-managed vehicles against one another, and against internally managed peers, on fees, alignment, and asset quality.
Broader commercial real estate and net-lease
For investors seeking office or single-tenant exposure, alternatives include net-lease REITs like Realty Income and W. P. Carey and diversified commercial REITs. These offer different risk profiles, and several are more diversified across property types than a pure office REIT like OPI, which concentrates the risk in one out-of-favor sector.
How to invest in Office Properties Income Trust (OPI)
There are three common ways to get OPI exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic basket, so OPI sits alongside other stocks that express the same thesis.
Walnut takes the basket route. Describe a thesis where OPI fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.
The bottom line on Office Properties Income Trust (OPI)
OPI is a just-reorganized office REIT that wiped out its old shareholders in a 2026 Chapter 11 and now trades as a fresh-start entity with far less debt but heavy office-sector headwinds. It is a high-uncertainty, special-situation stock, not a stable income REIT.
Build a basket around OPI with Walnut
Use Office Properties Income Trust as one constituent in a thematic basket Walnut's AI helps you assemble. Describe a thesis you believe in, the AI proposes the holdings and weights, and you approve before any broker order.
FAQ
Is OPI a good stock to buy right now?
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That depends on your goals, time horizon, and risk tolerance, and this is not investment advice. OPI is a special situation: it just emerged from bankruptcy in June 2026 with old shareholders wiped out, far less debt, and brand-new shares that have almost no trading history. The potential upside is a lighter balance sheet and a possible office-market recovery; the risks are a still-weak office sector, remaining debt, a tiny float, and an uncertain dividend. This is high-risk, not a stable income holding.
Did OPI go bankrupt?
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Yes. Office Properties Income Trust filed for Chapter 11 bankruptcy protection on October 30, 2025, after its dividend was suspended and its shares were delisted from the Nasdaq in October 2025. It completed its restructuring and emerged from Chapter 11 on June 17, 2026, canceling all previously outstanding common shares and issuing new ones. Today's OPI is the reorganized, fresh-start company.
What does Office Properties Income Trust do?
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OPI is a real estate investment trust that owns office buildings, historically focused on single-tenant properties leased to higher-credit tenants, including US government and investment-grade companies. After its 2026 restructuring it has been described as owning around 122 office properties totaling roughly 17.1 million square feet across 29 states and Washington, D.C. It is externally managed by The RMR Group.
Does OPI pay a dividend?
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OPI suspended its common dividend in 2025 to preserve cash before entering bankruptcy, after cutting it repeatedly in prior years. As a reorganized REIT, its future dividend policy is unsettled and will depend on cash flow, debt terms, and board decisions. Do not assume the pre-bankruptcy dividend history reflects what the fresh-start company will pay. Always check the latest declared dividend before assuming any payout.
Why did OPI get into so much trouble?
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OPI was hit by the same forces pressuring the whole office sector: remote and hybrid work reducing office demand, rising interest rates raising borrowing costs, and a wall of maturing debt that was hard to refinance. Falling occupancy and property values, combined with heavy leverage, led to repeated dividend cuts, a Nasdaq delisting, and ultimately the October 2025 Chapter 11 filing.
Who manages OPI?
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OPI is externally managed by The RMR Group (Nasdaq: RMR), an alternative asset manager overseeing more than 37 billion dollars in assets, which also runs several other public REITs. After emergence, RMR continues to manage OPI under new multi-year management agreements. External management brings expertise and scale but also fees and potential conflicts that investors in externally managed REITs typically weigh.
Is OPI still listed on a stock exchange?
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Yes, again. The pre-bankruptcy common shares were delisted from the Nasdaq in October 2025, but the newly issued post-restructuring shares began trading on the Nasdaq under the symbol OPI on June 18, 2026. Because the float is small (around 22 million shares) and the trading history is short, the stock can be thinly traded and volatile.
What are the main risks of investing in OPI?
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The biggest risk is that this is a just-reorganized, fresh-start stock with the old equity wiped out and very little post-emergence trading history. The office real estate market remains structurally weak, OPI still carries about 1.7 billion dollars of debt, the small share count can make it volatile and thinly traded, external-management fees add cost, and any future dividend is uncertain. It is a high-risk special situation, not a stable income REIT.
Walnut is informational, not investment advice. Financial figures on this page are approximations; always verify current numbers with Office Properties Income Trust's investor relations page or your broker before making investment decisions.