Office Properties Income Trust filed SEC Form 8-K: Completion of Acquisition or Disposition of Assets, Financial Statements and Exhibits
$OPI
Real Estate
Finance
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): November 1, 2024
(Exact Name of Registrant as Specified in Its Charter)
(State or Other Jurisdiction of Incorporation)
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In this Current Report on Form 8-K, the term “OPI” refers to Office Properties Income Trust and its consolidated subsidiaries, unless the context indicates otherwise.
Item 2.01. Completion of Acquisition or Disposition of Assets.
On November 1, 2024, OPI completed the sale of an office property with approximately 155,808 rentable square feet located at 350 Spectrum Loop, Colorado Springs, Colorado, or 350 Spectrum Loop, to The Mitre Corporation for $26.2 million, excluding closing costs.
Item 9.01. Financial Statements and Exhibits.
(b) Pro Forma Financial Information.
OPI's unaudited pro forma condensed consolidated balance sheet as of September 30, 2024 and OPI's unaudited pro forma condensed consolidated statements of income (loss) for the year ended December 31, 2023 and nine months ended September 30, 2024, and the notes related thereto, are filed as Exhibit 99.1 to this Current Report on Form 8-K. These unaudited pro forma condensed consolidated financial statements reflect OPI's financial position as if the sale of 350 Spectrum Loop was completed as of September 30, 2024 and results of operations as if the sale of 350 Spectrum Loop was completed as of January 1, 2023. These unaudited pro forma condensed consolidated financial statements are not necessarily indicative of OPI's expected financial position or results of operations for any future period. Differences could result from numerous factors, including future changes in OPI's portfolio of investments, changes in interest rates, changes in OPI's capital structure, changes in property level operating expenses, changes in property level revenues, including rents expected to be received pursuant to OPI's existing leases or leases OPI has entered into or may enter into after December 31, 2023, and other reasons. Actual future results are likely to be different from amounts presented in these unaudited pro forma condensed consolidated financial statements and such differences may be significant.
(d) Exhibits.
| Exhibit Number | Description | |||||||
| 104 | Cover Page Interactive Data File. (Embedded within the Inline XBRL document.) | |||||||
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| OFFICE PROPERTIES INCOME TRUST | ||||||||
| By: | /s/ Brian E. Donley | |||||||
| Name: | Brian E. Donley | |||||||
| Title: | Chief Financial Officer and Treasurer | |||||||
Dated: November 7, 2024
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