Added to YB: 2024-05-07
Pitch date: 2024-03-21
OPI [bullish]
Office Properties Income Trust
-99.42%
current return
Author Info
No bio for this author
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Company Info
OPI is a national REIT focused on owning and leasing office properties to high credit quality tenants in markets throughout the United States.
Market Cap
$26.3M
Pitch Price
$2.18
Price Target
N/A
Dividend
N/A
EV/EBITDA
9.85
P/E
-0.08
EV/Sales
4.95
Sector
Office REITs
Category
special_situation
Show full summary:
Office Properties Income Trust - $OPI
OPI: Long 4.5% 2/1/25 bonds at 83 (28% YTM). 11mo to refi $650M via asset sales, CMBS, or debt swap. $5.3B assets ($1.74B pledged), $1.7B collateral for maturity. Mgmt to avoid BK & protect RMR fees. Catalyst: near-term maturity. $108M mkt cap at $2.22/sh.
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