Filing Flows › Office Properties Income Trust (OPI) › Q2 2025
Office Properties Income Trust (OPI) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 30, 2025
Office Properties Income Trust (OPI) reported revenue of $114M for the second quarter 2025 (Q2 2025), -7% from a year earlier and +0.8% from the quarter before. Operating margin was 9.1%, net loss $41.2M (36.0% of revenue).
Office Properties Income Trust, Q2 2025: revenue $114M (-7% year over year), operating margin 9.1%, net loss $41.2M, operating cash flow $32.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $114M | +0.8% | -7% |
| Operating profit | $10.4M | -11% | — |
| Net earnings | −$41.2M | — | — |
| Operating cash flow | $32.4M | — | +2% |
| Free cash flow | $21.9M | — | +47% |
What changed
Revenue was $114.5M in Q2 2025, down 7% year over year and up 1% from the previous quarter.
Operating profit was $10.4M, a 9.1% margin (up 99.2 points year over year). Total costs fell 56% while revenue fell 7%. The quarter ended with a net loss of $41.2M, narrower than the previous quarter's $45.9M loss. Net interest and other expense of $51.4M was the main reason.
Operating cash flow was $32.4M (up 2% year over year). Non-cash charges added back $43.8M of depreciation and amortization. Working capital and other items added $29.7M. Capital expenditures of $10.5M left free cash flow of $21.9M.
Questions
What was Office Properties Income Trust's revenue in the second quarter 2025?
Office Properties Income Trust (OPI) reported revenue of $114M for the second quarter 2025 (Q2 2025), -7% from a year earlier and +0.8% from the quarter before.
Was Office Properties Income Trust profitable in the second quarter 2025?
Operating profit was $10.4M (9.1% of revenue) and net loss $41.2M.