Office Properties Income Trust (OPITQ) investor relations material

Executive summary

• Emerged from Chapter 11 bankruptcy on June 17, 2026, reducing debt by $714 million, restructuring operations, and relisting on Nasdaq on June 18, 2026 after prior delisting.

• Net loss was $3.1 million for the Successor period and $789.0 million (or $882.0 million per another source) for the Predecessor period, with $745.3 million in reorganization items.

• Portfolio consists of 122 wholly owned properties and a 51% interest in a joint venture, totaling over 17 million rentable square feet across 29 states and D.C.

• Focuses on leasing to high credit quality tenants, with 62% of revenues from investment grade tenants as of June 30, 2026.

• Executed 176,000 sq. ft. of leasing at a weighted average lease term of 7.3 years; renewals accounted for 87.3% of leased space.

Financial highlights

• Rental income for the Successor period was $18.4 million; for the Predecessor period, $98.5 million; combined rental income for the six months ended June 30, 2026 was $225.7 million.

• Net operating income (NOI) for the six months ended June 30, 2026 was $124.4 million.

• Funds from operations (FFO) for the six months ended June 30, 2026 was $34.1 million.

• Total assets as of June 30, 2026 were $2.37 billion; total liabilities were $1.86 billion; shareholders' equity was $511.5 million.

• Per share net loss was $(0.14) (Successor) and $(10.82) (Predecessor); normalized FFO per share was $0.20 (Successor) and $0.21 (Predecessor).

Outlook and guidance

• Management expects to meet upcoming debt obligations through cash, operations, asset sales, and potential capital market transactions.

• 32 properties identified for sale; two sold in July 2026 for $58.5 million, nine under agreement for $49.7 million, and 21 actively marketed.

• Forward-looking statements highlight risks related to debt, refinancing, leasing, market conditions, and government tenant exposure.

• Ongoing headwinds in office sector due to remote work, tenant consolidation, and market uncertainty.