Office Properties Income Trust

OPI Commercial Real Estate REITs 6/10 Medium Risk

6/10

Sector avg: 5.4/10

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Chapter 11 Restructuring

Office Properties Income Trust filed for Chapter 11 bankruptcy protection on 2025-10-31. Multiple restructuring-related filings have been made since the initial petition. Debt maturity data below may reflect pre-restructuring obligations and not current post-petition status.

Note: Office Properties Income Trust filed for Chapter 11 bankruptcy protection on 2025-10-31 and has since filed multiple restructuring-related disclosures. Debt figures below may reflect pre-restructuring obligations. Office Properties Income Trust carries $2.4B in long-term debt, with $2.4B in scheduled principal maturities. Near-term pressure is acute: $1.1B (44% of all maturities) comes due within 24 months. OPI shows an elevated debt-to-equity ratio of 3.1x and cash covering only 0.2x of $144M in near-term maturities. DebtCanary scores OPI at 6/10, indicating moderate refinancing pressure.

Maturity Schedule (Pre-restructuring — subject to change)

As of 2025-12-31 (latest SEC filing with maturity data). Debt actions taken after this date will only appear once SEC processes the relevant XBRL filing.

Period	Amount Due	% of Total
Year 1 (0-12 months)	$144M	5.9%
Year 2 (12-24 months)	$921M	37.9%
Year 3 (24-36 months)	$123M	5.1%
Year 4 (36-48 months)	$910M	37.4%
Year 5 (48-60 months)	$15M	0.6%
Beyond 5 Years	$318M	13.1%
Total Scheduled Maturities	$2.4B	100.0%

Key Metrics

Total Long-Term Debt

$2.4B

Near-Term (12mo)

$144M

Interest Coverage

N/A

Debt/Equity

3.06

Cash Coverage

0.18x

Operating Income

N/A

How This Score Was Computed

Weighted average of 3 scored components (raw 5.93, rounded to 6). Weights of skipped components are redistributed proportionally among those scored.

Component	Value	Sub-Score	Weight Used
Near-Term Maturity Concentration Show calculation Year-1 maturities / Total scheduled maturities Year-1 maturities: $144M Total scheduled maturities: $2.4B	5.9%	3/10	40%
Interest Coverage Ratio Operating income was not reported in the latest 10-K.	N/A	—	not scored
Debt-to-Equity Ratio Show calculation Long-term debt / Stockholders' equity Long-term debt: $2.4B Stockholders' equity: $788M	3.06	7/10	33%
Cash Coverage of Near-Term Debt Show calculation Cash & equivalents / Debt due within 12 months Cash & equivalents: $26M Near-term debt: $144M	0.18x	9/10	27%
Cash Runway Runway exceeds 36 months — not a near-term constraint. Skipped so a long runway doesn't dilute debt-side signals.	48 months	—	not scored

"Weight Used" shows each component's share after the weights of unscored components are redistributed. Full thresholds and formulas are on the methodology page.

Recent SEC Filings

Material disclosures from Office Properties Income Trust's most recent EDGAR filings. 8-K item labels indicate the type of event reported.

Date	Form	Details
2026-06-23	8-K	Material Agreement, Agreement Terminated, Bankruptcy, New Debt Obligation, Unregistered Share Sale, Security Holder Rights Modified, Change in Control, Officer / Director Change, Bylaw Amendment, Other Events
2026-06-04	8-K	Earnings Results, Reg FD Disclosure
2026-05-22	10-Q	Quarterly report
2026-05-22	10-K	Annual report
2026-05-22	10-Q	Quarterly report
2026-05-06	8-K	Reg FD Disclosure, Other Events
2026-04-28	8-K	Bankruptcy
2026-04-01	8-K	Reg FD Disclosure

Related Companies

Vornado Realty Trust

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SL Green Realty

SLG

6/10

Debt: $3.2B 12mo: $1.2B

BXP

Debt: $8.8B 12mo: N/A

Kilroy Realty

KRC

5/10

Debt: N/A 12mo: $601M

Data Source: Financial data sourced from SEC EDGAR XBRL filings (10-K annual reports). Fiscal period end: 2026-03-31. Filing date: 2026-05-22. Data last fetched: 2026-07-28. Maturity schedules reflect the company's most recently reported debt repayment obligations. Data quality: Partial.
View SEC EDGAR filings for Office Properties Income Trust →