{ "docId": "019de515-cba0-70a7-a6b9-851525291990", "docSlug": "74300d5991267f2d4038bce07bae27e6", "documentTitle": "Office Properties Income Trust | Investor Presentation Deck | 29 slides", "authorId": "office-properties-income-trust", "authorName": "Office Properties Income Trust", "documentKindSlug": "pitchdeck", "documentKindLabel": "Pitch deck", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2023-05-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 3, "pageCount": 29, "prevPage": 2, "nextPage": 4, "slideType": "disclaimer", "function": "appendix", "density": "overcrowded", "nDataPoints": 2, "notes": null, "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de515-cba0-70a7-a6b9-851525291990/3", "deckHref": "/decks/019de515-cba0-70a7-a6b9-851525291990", "deckJsonHref": "/decks/019de515-cba0-70a7-a6b9-851525291990.json", "deckAnchorHref": "/decks/019de515-cba0-70a7-a6b9-851525291990#slide-3", "components": [ { "bbox": { "h": 0.033, "w": 0.948, "x": 0.026, "y": 0.659 }, "kind": "paragraph", "text": "This presentation contains non-GAAP financial measures including FFO, Normalized FFO, Cash Available for Distribution, EBITDA, EBITDAre, Adjusted EBITDAre, NOI and Cash Basis NOI. Calculations of, and reconciliations for these metrics to the closest GAAP metrics, are included in an Appendix hereto.", "attrs": {}, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "2f3db70c-4ee6-4aff-9087-4915db71a0ea", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.12, "w": 0.948, "x": 0.026, "y": 0.536 }, "kind": "paragraph", "text": "Unless otherwise expressly noted, (1) all data presented are as of or for the three months ended March 31, 2023, (2) references to \"weighted average\" mean a weighted average by annualized rental income, (3) references to \"annualized rental income\" mean the annualized contractual rents, as of March 31, 2023, including straight line rent adjustments and excluding lease value amortization, adjusted for tenant concessions, including free rent and amounts reimbursed to tenants, plus estimated recurring expense reimbursements from tenants (annualized rental income may differ from actual historical rental revenues calculated pursuant to U.S. Generally Accepted Accounting Principles, or GAAP), and (4) all data presented excludes three properties, which are encumbered by $82.0 million of mortgage notes, owned by two unconsolidated joint ventures in which we own 51% and 50% interests.", "attrs": {}, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "5414c017-e18e-4115-8d3f-ffcb68789c79", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.066, "w": 0.948, "x": 0.026, "y": 0.207 }, "kind": "paragraph", "text": "This presentation shall not constitute an offer to sell or the solicitation of an offer to subscribe for or buy any securities or a solicitation of any vote or approval in any jurisdiction with respect to the Merger or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended.", "attrs": {}, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "ae235d20-4a50-4ad9-bf00-47c7b8afa3ca", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.014, "w": 0.74, "x": 0.026, "y": 0.707 }, "kind": "paragraph", "text": "Please refer to Non-GAAP Financial Measures and Certain Definitions in the Appendix for terms used throughout this presentation.", "attrs": {}, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "d2b383f2-f35b-4d50-b83e-14dd16d10193", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.083, "w": 0.948, "x": 0.026, "y": 0.469 }, "kind": "paragraph", "text": "This presentation contains industry and statistical data that we obtained from various third party sources. Nothing in the data used or derived from third party sources should be construed as investment advice. Some data and other information presented are also based on our good faith estimates and beliefs, derived from our review of internal surveys and independent sources and our experience. We believe that these external sources, estimates and beliefs are reliable and reasonable, but we have not independently verified them. Although we are not aware of any misstatements regarding the data presented herein, these estimates and beliefs involve inherent risks and uncertainties and are based on assumptions that are subject to change.", "attrs": {}, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "ecd03156-b30d-409d-98e7-0ac08c01c24e", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.948, "x": 0.026, "y": 0.301 }, "kind": "paragraph", "text": "OPI and certain of its trustees and executive officers, DHC and certain of its trustees and executive officers, and RMR and its parent and certain of their respective directors, officers and employees may be deemed to be participants in the solicitation of proxies from OPI's and DHC's shareholders in connection with the Merger. Certain information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of OPI's and DHC's shareholders in connection with the Merger and a description of their direct and indirect interests will be set forth in the registration statement and the joint proxy statement/prospectus when filed with the SEC. Information about OPI's trustees and executive officers is included in the proxy statement for OPI's 2023 annual meeting of shareholders, which was filed with the SEC on April 6, 2023. Information about DHC's trustees and executive officers is included in the proxy statement for DHC's 2023 annual meeting of shareholders, which was filed with the SEC on April 20, 2023. Copies of the foregoing documents may be obtained as provided above. Additional information regarding the interests of such participants and other persons who may be deemed participants in the transaction will be included in the joint proxy statement/prospectus and the other relevant documents filed with the SEC when they become available.", "attrs": {}, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "f9317818-5ebe-4a87-90bf-690ac54fc2d9", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.015, "w": 0.008, "x": 0.953, "y": 0.96 }, "kind": "source-note", "text": "3", "attrs": { "numbered": true }, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "782c6d20-b81f-42ab-a96f-220096561a88", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.089, "w": 0.95, "x": 0.024, "y": 0.063 }, "kind": "title", "text": "WARNING REGARDING FORWARD LOOKING STATEMENTS, DISCLAIMERS AND NON-GAAP FINANCIAL MEASURES CONT.", "attrs": {}, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "80afbadd-39f8-4335-a7b8-43edecd5c002", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }