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OPI Stock Risk & Deep Value Analysis

Office Properties Income Trust

DVR Score

0.1

out of 10

Distressed

What You Need to Know About OPI Stock

We analyzed Office Properties Income Trust using our deep value framework. Sign in to see our full verdict and DVR Score.

We ran OPI through our deep value framework — analyzing financial health, distress signals, competitive moat, and risk factors. Our risk assessment: Aggressive. Here's what we found.

Updated Apr 26, 2026Run Fresh Analysis →

OPI Risk Analysis & Red Flags

What Could Go Wrong

The most significant risk is the near-certain complete extinguishment of existing equity as part of the Chapter 11 restructuring, leaving shareholders with a 100% loss of investment.

Risk Matrix

Overall

Aggressive

Financial

High

Market

High

Competitive

High

Execution

High

Regulatory

High

Red Flags

  • Company is currently in Chapter 11 bankruptcy proceedings (trading as OPITQ)

  • Current share price is $0.005 with a $0 market capitalization, indicating extreme financial distress and anticipated equity wipeout

  • No analyst coverage, insider buying, or positive sentiment, reflecting severe lack of market confidence

  • Restructuring plan heavily favors debt holders, outlining payments to 2027 note holders and new secured notes, with no benefit for existing equity

Upcoming Risk Events

  • 📅

    Formal delisting of OPITQ shares from exchange (highly probable)

  • 📅

    Final court approval of restructuring plan resulting in equity extinguishment

When to Reconsider

  • 🚪

    The current situation (Chapter 11 bankruptcy) is already a definitive sell signal.

  • 🚪

    Any formal announcement from bankruptcy court confirming equity wipeout.

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Investment Thesis

There is no viable bull case for investing in Office Properties Income Trust's current equity given its Chapter 11 bankruptcy filing. The existing shares are almost certainly heading towards a complete wipeout, with any value being distributed to debt holders. The focus is on debt restructuring and preserving assets, not generating value for equity.

Is OPI Stock Undervalued?

Office Properties Income Trust (OPI), now trading as OPITQ, is in Chapter 11 bankruptcy, confirming the previous analysis's dire outlook. The current price of $0.005 and a stated market capitalization of $0.00B reflect an ongoing equity wipeout. While a restructuring term sheet and new financings are in place, these measures prioritize debt holders. Existing equity holders face near-certain complete loss of investment. There is no strategic vision, competitive advantage, or financial health to support any growth, let alone a 10x increase for current equity. The merger with DHC, in this context, further solidifies a lack of upside for existing OPI shareholders. Investing in OPI at this stage carries maximum risk with no realistic upside for equity holders within a 3-5 year horizon.

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OPI Price Targets & Strategy

000

Valuation Basis

Current equity value is effectively zero, expected to be completely extinguished in Chapter 11 bankruptcy proceedings; existing shares have no intrinsic value.

Entry Strategy

Avoid investment. No identifiable entry point as equity is highly likely to be wiped out.

Exit Strategy

For any existing holders, a complete exit is recommended as soon as feasible, if possible. No profit-taking levels exist.

Portfolio Allocation

0% for any risk tolerance level (Conservative, Moderate, Aggressive)

Price Targets & Strategy

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Is OPI Financially Healthy?

Profitability

Gross Margin

62.98%

Operating Margin

-19.62%

Net Margin

-62.99%

Return on Equity

-25.56%

Revenue Growth

-11.93%

EPS

$-4.91

Balance Sheet

Current Ratio

3.35

Quick Ratio

3.35

Debt/Equity

2.20

Total Debt

$2.42B

Other

Beta (Volatility)

-12.18

Dividend Yield

40.87%

Does OPI Have a Competitive Moat?

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Moat Rating

⚪ None

Moat Trend

Eroding

The company's position in Chapter 11 bankruptcy has entirely eroded any potential economic moat. Its ability to retain assets or strategic advantages is severely compromised as it navigates debt restructuring.

Moat Erosion Risks

  • Asset sales and divestitures required by bankruptcy proceedings.
  • Loss of tenant confidence and market position due to financial distress.

OPI Competitive Moat Analysis

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OPI Market Intelligence

Sentiment & Insider Activity

Social Sentiment

Bearish, with any remaining interest likely speculative given the bankruptcy filing.

Institutional Sentiment

Negative. No analyst ratings or insider buying activity, suggesting a complete lack of institutional interest in the equity.

Insider Activity (Form 4)

No Form 4 filings for OPI insiders identified in the last 90 days (January 26 - April 26, 2026), indicating no insider confidence in the current equity.

Options Flow

Normal options activity, likely minimal given the company's distressed status and low share price.

Earnings Intelligence

Next Earnings

No expected date identified; earnings reports are largely irrelevant for equity valuation during Chapter 11 proceedings.

Surprise Probability

Low (any operational performance is secondary to bankruptcy resolution)

Historical Earnings Pattern

Not applicable as equity value is dictated by bankruptcy proceedings, not traditional earnings performance.

Key Metrics to Watch

Bankruptcy court filings and outcomesDetails of debt restructuringTreatment of existing equity in the restructuring plan

Competitive Position

Top Competitor

N/A (company in bankruptcy, direct peer comparison is not relevant for equity prospects)

Market Share Trend

Losing (company is restructuring assets under bankruptcy protection)

Valuation vs Peers

Not comparable, as OPI is in Chapter 11 bankruptcy.

Competitive Advantages

  • None for existing equity holders due to bankruptcy.

Market Intelligence

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What Could Drive OPI Stock Higher?

Near-Term (0-6 months)

  • Bankruptcy court rulings on restructuring plan (ongoing)
  • Effective date of Chapter 11 restructuring (on or before Aug 1, 2026)

Medium-Term (6-18 months)

  • Resolution of the merger agreement with Diversified Healthcare Trust (DHC) (expected close date unspecified)

Long-Term (18+ months)

  • None for existing equity holders.

Catalysts & Growth Drivers

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What's the Bull Case for OPI?

  • Any formal announcements from the bankruptcy court regarding the treatment of equity holders.

  • Updates on the DHC merger, though highly unlikely to benefit existing OPI shareholders.

Bull Case Analysis

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How Office Properties Income Trust Makes Money

Office Properties Income Trust (OPI) previously functioned as a real estate investment trust (REIT) focused on owning, operating, and leasing office properties, often to government entities and single tenants. Its primary revenue came from rental income, with a business model geared towards stable cash flows from long-term leases to distribute to shareholders. However, facing significant debt and challenging market conditions in the office real estate sector, OPI has filed for Chapter 11 bankruptcy. This process fundamentally alters its operational viability for equity holders, as the restructuring prioritizes debt repayment over equity value.

Read Full Business Model Breakdown

FAQ

What is the DVR Score for Office Properties Income Trust (OPI)?

As of April 26, 2026, Office Properties Income Trust has a DVR Score of 0.1 out of 10, placing it in the "Distressed" category. This score is generated by our AI-powered deep value analysis framework that evaluates growth potential, financial health, competitive moat, and risk factors.

What is the market capitalization of Office Properties Income Trust?

Office Properties Income Trust's market capitalization is approximately $29,576.45..

What is the risk level for OPI stock?

Our analysis rates Office Properties Income Trust's overall risk as Aggressive. This assessment considers execution risk, market risk, financial risk, competitive risk, and regulatory risk. For a full breakdown, see the risk analysis section above.

Does Office Properties Income Trust pay a dividend?

Yes, Office Properties Income Trust pays a dividend with a current yield of approximately 40.87%.

Is Office Properties Income Trust's revenue growing?

Office Properties Income Trust has reported revenue growth of -11.9%. Revenue has been declining, which warrants closer examination.

Is OPI stock profitable?

Office Properties Income Trust has a profit margin of -63.0%. The company is currently unprofitable.

How often is the OPI DVR analysis updated?

Our AI-powered analysis of Office Properties Income Trust is refreshed regularly to incorporate the latest financial data, market conditions, and news. The most recent update was on April 26, 2026.

Important Disclaimer – Not Financial Advice

Deep Value Reports is an independent research platform for educational and informational purposes only. We are not financial advisors, investment advisors, or licensed professionals. The analysis, scores, and information provided on this page for OPI (Office Properties Income Trust) should not be construed as personalized investment advice, a recommendation to buy or sell any security, or an offer to provide investment advisory services.

All investments involve risk, including the potential loss of principal. Past performance does not guarantee future results. Always conduct your own research, consider your financial situation, and consult with a qualified financial advisor before making any investment decisions.

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