Filing Flows › Office Properties Income Trust (OPI) › Q1 2026
Office Properties Income Trust (OPI) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 22, 2026
Office Properties Income Trust (OPI) reported revenue of $109M for the first quarter 2026 (Q1 2026), -4% from a year earlier and +3% from the quarter before. Operating margin was 7.4%, net loss $93.0M (85.4% of revenue).
Office Properties Income Trust, Q1 2026: revenue $109M (-4% year over year), operating margin 7.4%, net loss $93.0M, operating cash flow −$52.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $109M | +3% | -4% |
| Operating profit | $8.0M | — | -31% |
| Net earnings | −$93.0M | — | — |
| Operating cash flow | −$52.9M | -3048% | — |
What changed
Revenue was $108.9M in Q1 2026, down 4% year over year and up 3% from the previous quarter.
Operating profit was $8.0M, a 7.4% margin (down 2.9 points year over year). Total costs fell 1% while revenue fell 4%. The quarter ended with a net loss of $93.0M, narrower than the previous quarter's $119.0M loss. Net interest and other expense of $101.3M was the main reason.
Operating cash flow was −$52.9M. Non-cash charges added back $44.1M of depreciation and amortization. Working capital and other items used $4.0M. Capital expenditures of $15.0M exceeded it, leaving free cash flow of −$68.0M.
Questions
What was Office Properties Income Trust's revenue in the first quarter 2026?
Office Properties Income Trust (OPI) reported revenue of $109M for the first quarter 2026 (Q1 2026), -4% from a year earlier and +3% from the quarter before.
Was Office Properties Income Trust profitable in the first quarter 2026?
Operating profit was $8.0M (7.4% of revenue) and net loss $93.0M.