Filing Flows › Office Properties Income Trust (OPI) › Q4 2024
Office Properties Income Trust (OPI) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 13, 2025
Office Properties Income Trust (OPI) reported revenue of $118M for the fourth quarter 2024 (Q4 2024) and -2% from the quarter before. Operating margin was 8.3%, net loss $149M (125.7% of revenue).
Office Properties Income Trust, Q4 2024: revenue $118M, operating margin 8.3%, net loss $149M, operating cash flow $25.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $118M | -2% | — |
| Operating profit | $9.8M | — | — |
| Net earnings | −$149M | — | — |
| Operating cash flow | $25.7M | — | — |
What changed
Revenue was $118.2M in Q4 2024, down 2% from the previous quarter.
Operating profit was $9.8M, a 8.3% margin. The quarter ended with a net loss of $148.7M, wider than the previous quarter's $58.4M loss. Net interest and other expense of $158.3M was the main reason.
Operating cash flow was $25.7M. Non-cash charges added back $48.0M of depreciation and amortization. Working capital and other items added $126.4M. Capital expenditures of $30.3M exceeded it, leaving free cash flow of −$4.6M.
Questions
What was Office Properties Income Trust's revenue in the fourth quarter 2024?
Office Properties Income Trust (OPI) reported revenue of $118M for the fourth quarter 2024 (Q4 2024) and -2% from the quarter before.
Was Office Properties Income Trust profitable in the fourth quarter 2024?
Operating profit was $9.8M (8.3% of revenue) and net loss $149M.