Filing Flows › Office Properties Income Trust (OPI) › Q1 2025
Office Properties Income Trust (OPI) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 30, 2025
Office Properties Income Trust (OPI) reported revenue of $114M for the first quarter 2025 (Q1 2025), -19% from a year earlier and -4% from the quarter before. Operating margin was 10.3%, net loss $45.9M (40.4% of revenue).
Office Properties Income Trust, Q1 2025: revenue $114M (-18% year over year), operating margin 10.3%, net loss $45.9M, operating cash flow −$28.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $114M | -4% | -19% |
| Operating profit | $11.7M | +19% | — |
| Net earnings | −$45.9M | — | — |
| Operating cash flow | −$28.6M | -211% | — |
What changed
Revenue was $113.6M in Q1 2025, down 19% year over year and down 4% from the previous quarter.
Operating profit was $11.7M, a 10.3% margin (down 12.7 points year over year). Total costs fell 5% while revenue fell 19%. The quarter ended with a net loss of $45.9M, narrower than the previous quarter's $148.7M loss. Net interest and other expense of $57.4M was the main reason.
Operating cash flow was −$28.6M. Non-cash charges added back $43.7M of depreciation and amortization. Working capital and other items used $26.5M. Capital expenditures of $11.2M exceeded it, leaving free cash flow of −$39.8M.
Questions
What was Office Properties Income Trust's revenue in the first quarter 2025?
Office Properties Income Trust (OPI) reported revenue of $114M for the first quarter 2025 (Q1 2025), -19% from a year earlier and -4% from the quarter before.
Was Office Properties Income Trust profitable in the first quarter 2025?
Operating profit was $11.7M (10.3% of revenue) and net loss $45.9M.