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Highlights\nThird Quarter 2023 Results\nFINANCIALS\nKey Financial Data\nCondensed Consolidated Statements of Income (Loss)\nCondensed Consolidated Balance Sheets\nDebt Summary\nDebt Maturity Schedule\nLeverage Ratios, Coverage Ratios and Public Debt Covenants\nCapital Expenditures Summary and Significant Redevelopment Information\nProperty Acquisitions and Dispositions Information Since January 1, 2023\nInvestments in Unconsolidated Joint Ventures\nPORTFOLIO INFORMATION\nSummary Same Property Results\nOccupancy and Leasing Summary\nTenant Diversity and Credit Characteristics\nTenants Representing 1% or More of Total Annualized Rental Income\nLease Expiration Schedule\nAPPENDIX\nCompany Profile and Research Coverage\nGovernance Information\nNon-GAAP Financial Measures and Certain Definitions\nCalculation and Reconciliation of NOI and Cash Basis NOI\nReconciliation and Calculation of Same Property NOI and Same Property Cash Basis NOI\nCalculation of EBITDA, EBITDAre and Adjusted 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See page 16 for information\nregarding these joint ventures and related mortgage notes.", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 07:45:16.699+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "1275711c-4e7b-4892-9e9e-434e3d4d55c7", "parentComponentId": null }, { "bbox": { "h": 0.083, "w": 0.199, "x": 0.734, "y": 0.34 }, "kind": "paragraph", "text": "Investor Relations Contact:\nKevin Barry, Senior Director\n(617) 219-1410\nkbarry@opireit.com\nir@opireit.com", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 07:45:16.699+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "2fd9c815-4154-4b82-9e14-e0efe577a0f6", "parentComponentId": null }, { "bbox": { "h": 0.05, "w": 0.236, "x": 0.734, "y": 0.249 }, "kind": "paragraph", "text": "Trading Symbols:\nCommon Shares: OPI\nSenior Unsecured Notes due 2050: OPINL", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": 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"019de52c-fdaf-743d-94c4-d7c6a0e55302", "version": 1, "description": null }, "framework": null }, "subkind": "logo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 07:45:17.508+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "47e09518-babe-4867-aa81-830cdc86c1cd", "parentComponentId": null }, { "bbox": { "h": 0.079, "w": 0.529, "x": 0.448, "y": 0.218 }, "kind": "paragraph", "text": "Dividend\nOPI has declared a quarterly dividend on its common shares of $0.25 per share to shareholders of record as of the close of business on October 23, 2023. This dividend will be paid on or about November 16, 2023.", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 07:45:17.508+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "0873bf70-d63d-4c9e-8244-f1ce3f28b4c7", "parentComponentId": null }, { "bbox": { "h": 0.046, "w": 0.529, "x": 0.448, "y": 0.142 }, "kind": "paragraph", "text": "Newton, MA (October 30, 2023). Office Properties Income Trust (Nasdaq: OPI) today announced its financial results for the quarter ended September 30, 2023.", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 07:45:17.508+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "29227405-3d5b-4e54-a5d1-eedd21733781", "parentComponentId": null }, { "bbox": { "h": 0.02, "w": 0.402, "x": 0.028, "y": 0.816 }, "kind": "paragraph", "text": "Christopher Bilotto, President and Chief Executive Officer", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 07:45:17.508+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "3c9b6259-f14d-42d1-aeaf-afc5981b55f2", "parentComponentId": null }, { "bbox": { "h": 0.295, "w": 0.529, "x": 0.448, "y": 0.602 }, "kind": "paragraph", "text": "About Office Properties Income Trust\nOPI is a national REIT focused on owning and leasing high quality office and mixed-use properties in select growth-oriented U.S. markets. As of September 30, 2023, approximately 64% of OPI's revenues were from investment grade rated tenants. OPI owned and leased 154 properties as of September 30, 2023, with approximately 20.7 million square feet located in 30 states and Washington, D.C. In 2023, OPI was named as an Energy Starยฎ Partner of the Year for the sixth consecutive year. OPI is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with approximately $36 billion in assets under management as of September 30, 2023, and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. OPI is headquartered in Newton, MA. For more information, visit opireit.com.", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 07:45:17.508+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "efbb7779-8ac7-4b55-b15c-9c8c44a6edee", "parentComponentId": null }, { "bbox": { "h": 0.259, "w": 0.529, "x": 0.448, "y": 0.32 }, "kind": "paragraph", "text": "Conference Call\nA conference call to discuss OPI's third quarter results will be held on Tuesday, October 31, 2023 at 10:00 a.m. Eastern Time. The conference call may be accessed by dialing (877) 328-1172 or (412) 317-5418 (if calling from outside the United States and Canada); a pass code is not required. A replay will be available for one week by dialing (412) 317-0088; the replay pass code is 9984412. A live audio webcast of the conference call will also be available in a listen-only-mode on OPI's website, at www.opireit.com. The archived webcast will be available for replay on OPI's website after the call. The transcription, recording and retransmission in any way are strictly prohibited without the prior written consent of OPI.", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 07:45:17.508+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "f247c006-caa9-4536-8570-9903b6e885b2", "parentComponentId": null }, { "bbox": { "h": 0.669, "w": 0.402, "x": 0.028, "y": 0.142 }, "kind": "quote", "text": "\"During the third quarter, OPI continued to advance its business strategies while navigating challenging market conditions facing the commercial office market. Normalized FFO of $1.02 per share for the quarter exceeded the high end of our guidance range. Leasing across the portfolio remained active with 586,000 square feet of new and renewal leasing in the quarter and now totals more than 1.5 million square feet year to date. While office utilization remains well below historical levels, our leasing pipeline is active, and we estimate our portfolio-wide utilization trends improved to approximately 70%. We closed on two mortgage loans for proceeds of $69 million, bringing our total mortgage proceeds this year to more than $177 million. We believe these transactions illustrate the financing opportunities available within our diversified portfolio. Looking forward, we remain focused on addressing OPI's upcoming debt maturities, executing on select asset sales, actively engaging with our tenants to renew leases and converting prospects in our lease pipeline to fill vacancies.\"", "attrs": {}, "canon": { "kind": { "name": "Quote", "slug": "quote", "status": "active", "canonId": "019de52c-f8fb-751e-8bc6-d58e2d59562a", "version": 1, "description": "Pull quote or testimonial." }, "tool": null, "subkind": { "name": "Pull quote", "slug": "pull-quote", "status": "active", "canonId": "019de52c-fbf9-76fe-97e1-a0b7540445c9", "version": 1, "description": null }, "framework": null }, "subkind": "pull-quote", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 07:45:17.508+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "af56d950-ff16-4d82-a6a1-da5d24a8f7dc", "parentComponentId": null }, { "bbox": { "h": 0.01, "w": 0.007, "x": 0.969, "y": 0.95 }, "kind": "source-note", "text": "4", "attrs": { "numbered": true }, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. 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Ft., Occupancy, Weighted Average Remaining Lease Term (1)\nProsperity Metro Plaza, 51%, $18,455, 2, Fairfax, VA, 329, 69.7%, 2.9 years\n1750 H Street, NW, 50%, 18,147, 1, Washington, D.C., 122, 41.5%, 9.7 years\nTotal / Weighted Average, $, 36,602, 3, 451, 62.0%, 4.4 years", "attrs": {}, "canon": { "kind": { "name": "Table", "slug": "table", "status": "active", "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28", "version": 1, "description": "Tabular data layout." }, "tool": null, "subkind": { "name": "Data table", "slug": "data", "status": "active", "canonId": "019de52d-02d5-75b8-8abf-88e92bf63569", "version": 1, "description": null }, "framework": null }, "subkind": "data", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 07:45:25.705+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "ce6e52fa-dd6c-40cb-9ad4-3a4097b1055c", "parentComponentId": null }, { "bbox": { "h": 0.16, "w": 0.726, "x": 0.029, 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(Google)\nInvestment Grade\n386\n2.1%\n22,119\n4.2%\n3 Shook, Hardy & Bacon L.L.P.\nNot Rated\n596\n3.2%\n19,216\n3.6%\n4 Bank of America Corporation\nInvestment Grade\n577\n3.1%\n18,159\n3.4%\n5 IG Investments Holdings LLC\nNot Rated\n339\n1.8%\n17,303\n3.3%\n6 State of California\nInvestment Grade\n519\n2.8%\n15,893\n3.0%\n7 Tyson Foods, Inc. (1)\nInvestment Grade\n248\n1.3%\n11,954\n2.3%\n8 Northrop Grumman Corporation\nInvestment Grade\n337\n1.8%\n10,795\n2.0%\n9 Sonesta International Hotels Corporation\nNot Rated\n234\n1.3%\n10,745\n2.0%\n10 CommScope Holding Company Inc.\nNon Investment Grade\n228\n1.2%\n9,582\n1.8%\n11 Sonoma Biotherapeutics, Inc. (2)\nNot Rated\n107\n0.6%\n7,634\n1.4%\n12 State of Georgia\nInvestment Grade\n308\n1.7%\n7,345\n1.4%\n13 Commonwealth of Massachusetts\nInvestment Grade\n212\n1.1%\n7,269\n1.4%\n14 PNC Bank\nInvestment Grade\n441\n2.4%\n6,960\n1.3%\n15 Micro Focus International plc\nNon Investment Grade\n215\n1.2%\n6,836\n1.3%\n16 Compass Group plc\nInvestment Grade\n267\n1.4%\n6,697\n1.3%\n17 ServiceNow, Inc.\nInvestment Grade\n149\n0.8%\n6,675\n1.3%\n18 Allstate Insurance Co.\nInvestment Grade\n468\n2.5%\n6,484\n1.2%\n19 Automatic Data Processing, Inc.\nInvestment Grade\n289\n1.6%\n6,079\n1.1%\n20 Church & Dwight Co., Inc.\nInvestment Grade\n250\n1.3%\n6,043\n1.1%\n21 Leidos Holdings Inc.\nInvestment Grade\n159\n0.9%\n5,950\n1.1%\n22 Primerica, Inc.\nInvestment Grade\n344\n1.8%\n5,737\n1.1%\n10,495\n56.4%\n$ 321,430\n60.6%", "attrs": {}, "canon": { "kind": { "name": "Table", "slug": "table", "status": "active", "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28", "version": 1, "description": "Tabular 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"text": "Leasing cost and concession commitments include commitments made for leasing expenditures and concessions, such as tenant improvements, leasing commissions, tenant reimbursements and free rent.", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 07:45:37.908+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "5105c7e5-5221-4c52-9c10-53f302631774", "parentComponentId": null }, { "bbox": { "h": 0.015, "w": 0.94, "x": 0.039, "y": 0.989 }, "kind": "paragraph", "text": "Weighted average remaining lease term is the average remaining lease term in years weighted based on annualized rental income.", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 07:45:37.908+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "6a4e8e2c-d1d8-4989-94c3-d3e03906a6d0", "parentComponentId": null }, { "bbox": { "h": 0.075, "w": 0.94, "x": 0.039, "y": 0.403 }, "kind": "paragraph", "text": "Investment grade tenants include: (a) investment grade 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0.198 }, "kind": "paragraph", "text": "Cap rate represents the ratio of (x) annual straight line rental income, excluding the impact of above and below market lease amortization, based on existing leases at the acquisition date, less estimated annual property operating expenses as of the date of the acquisition, excluding depreciation and amortization expense, to (y) the acquisition purchase price.", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 07:45:37.908+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "8bc0254e-4ee0-4955-ba10-fa45a3730e3f", "parentComponentId": null }, { "bbox": { "h": 0.045, "w": 0.94, "x": 0.039, "y": 0.749 }, "kind": "paragraph", "text": "Same properties for the three months ended September 30, 2023 is based on properties OPI owned continuously since July 1, 2022; excludes properties classified as held for sale and properties undergoing significant redevelopment, if any, and three properties owned by two unconsolidated joint ventures in which OPI owns a 51% and 50% interest.", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 07:45:37.908+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "a02c8106-0fb1-4826-8393-bf4aa2d78c2d", "parentComponentId": null }, { "bbox": { "h": 0.03, "w": 0.94, "x": 0.039, "y": 0.08 }, "kind": "paragraph", "text": "Adjusted total assets and total unencumbered assets include the original cost of real estate assets calculated in accordance with GAAP before impairment writedowns, if any, and exclude depreciation and amortization, accounts receivable and intangible assets.", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", 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"Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 07:45:25.725+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "1c31c6d4-77bf-495c-a125-398d534161e9", "parentComponentId": null }, { "bbox": { "h": 0.02, "w": 0.07, "x": 0.91, "y": 0.96 }, "kind": "paragraph", "text": "Q3 2023 28", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 07:45:25.725+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "70f3c17b-e761-478b-b9b3-f8fd813c687c", "parentComponentId": null }, { "bbox": { "h": 0.21, "w": 0.2, "x": 0.78, "y": 0.71 }, "kind": "source-note", "text": "(1) OPI recorded a liability for the amount by which the estimated fair value for accounting purposes exceeded the price OPI paid for its former investment in RMR Inc. common stock in June 2015. A portion of this liability is being amortized on a straight line basis through December 31, 2035 as a reduction to property management fees expense, which is included in property operating expenses.", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. 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Some of the risks, uncertainties and other factors that may cause OPI's actual results, performance or achievements to differ materially from those expressed or implied by forward-looking statements include, but are not limited to, the following: the impact of increasing or sustained high interest rates, inflation, labor market challenges, disruption and volatility in the public equity and debt markets, conditions in the commercial real estate industry generally and in the sectors OPI operates, geopolitical instability and economic downturns or recessions on OPI and its tenants; the extent to which changes and trends in office space utilization and needs, including due to remote work arrangements, may impact demand for office space at OPI's properties; the financial strength of OPI's tenants; risks and uncertainties regarding the costs and timing of development, redevelopment and repositioning activities, including as a result of inflation, cost overruns, supply chain challenges, labor shortages, construction delays or inability to obtain necessary permits; whether OPI's tenants will renew or extend their leases and not exercise early termination options pursuant to their leases or that OPI will obtain replacement tenants on terms as favorable to OPI as its prior leases; OPI's ability to successfully recycle and deploy capital; the likelihood that OPI's tenants will pay rent or be negatively affected by cyclical economic conditions or government budget constraints; OPI's ability to pay distributions to its shareholders and to maintain or increase the amount of such distributions; OPI's ability to increase or maintain occupancy at its properties on terms desirable to it; OPI's ability to increase rents when its leases expire or renew; OPI's tenant and geographic concentration; OPI's ability to manage its capital expenditures and other operating costs effectively and to maintain and enhance its properties and their appeal to tenants; OPI's ability to acquire properties that realize its targeted returns; OPI's ability to sell properties at prices it targets; OPI's ability to cost effectively raise and balance its use of debt and equity capital; OPI's ability to make required payments on debt; OPI's ability to maintain sufficient liquidity, including the availability of borrowings under its revolving credit facility and otherwise manage leverage; OPI's credit ratings; the ability of OPI's manager, RMR, to successfully manage OPI; competition within the commercial real estate industry, particularly in those markets in which OPI's properties are located; compliance with, and changes to, federal, state and local laws and regulations, accounting rules, tax laws and similar matters; the impact of any U.S. government shutdown or failure to increase the government debt ceiling on OPI's ability to collect rents and pay its operating expenses, debt obligations and distributions to shareholders on a timely basis; actual and potential conflicts of interest with OPI's related parties, including its Managing Trustees, RMR, Sonesta and others affiliated with them; limitations imposed by and OPI's ability to satisfy complex rules to maintain OPI's qualification for taxation as a REIT for U.S. federal income tax purposes; acts of terrorism, outbreaks or continuation of pandemics or other public health safety events or conditions, war or other hostilities, material or prolonged disruption to supply chains, climate change, or other manmade or natural disasters beyond OPI's control; and other matters.", "attrs": {}, "canon": { "kind": { "name": "Disclaimer", "slug": "disclaimer", "status": "active", "canonId": "91173477-d91f-4024-bbaf-d4f93e3f82dc", "version": 1, "description": "Legal/cautionary text that occupies most of the body of its slide." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 07:45:32.566+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "4f5834fb-068a-4cfa-a893-0956246826b5", "parentComponentId": null }, { "bbox": { "h": 0.08, "w": 0.93, "x": 0.03, "y": 0.73 }, "kind": "disclaimer", "text": "These risks, uncertainties and other factors are not exhaustive and should be read in conjunction with other cautionary statements that are included in OPI's periodic filings. The information contained in OPI's filings with the SEC, including under the caption \"Risk Factors\" in its periodic reports, or incorporated therein, identifies important factors that could cause differences from the forward-looking statements in this presentation. 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