Office properties income trust (OPI)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
Real estate properties:
Land

843

840

854

875

918

924

448

587

623

627

269

269

269

267

259

257

257

253

253

253

254

254

254

258

246

243

239

243

243

234

241

228

224

223

213

195

143

Buildings and improvements

2,672

2,652

2,702

2,941

3,001

3,020

2,050

2,258

2,313

2,348

1,660

1,652

1,640

1,620

1,528

1,518

1,509

1,443

1,433

1,430

1,430

1,428

1,420

1,439

1,341

1,324

1,267

1,283

1,281

1,233

1,268

1,147

1,130

1,120

1,040

984

833

Total real estate properties, gross

3,515

3,493

3,556

3,816

3,920

3,944

2,499

2,845

2,936

2,975

1,929

1,921

1,909

1,888

1,788

1,776

1,767

1,696

1,687

1,683

1,684

1,682

1,674

1,697

1,588

1,568

1,506

1,526

1,524

1,467

1,510

1,376

1,355

1,343

1,254

1,179

977

Accumulated depreciation

403

387

375

394

386

375

363

358

353

341

331

320

308

296

285

275

265

255

246

238

229

219

210

205

196

187

179

190

182

156

172

164

164

156

149

143

131

Total real estate properties, net

3,112

3,105

3,181

3,422

3,533

3,569

2,135

2,487

2,583

2,633

1,598

1,601

1,601

1,591

1,502

1,501

1,501

1,440

1,440

1,445

1,455

1,462

1,464

1,492

1,391

1,380

1,327

1,336

1,341

1,311

1,337

1,211

1,191

1,187

1,104

1,036

846

Assets of discontinued operations - Equity investment in Select Income REIT

-

-

-

-

-

-

453

456

465

467

475

477

482

487

491

492

493

491

511

514

721

680

684

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assets of properties held for sale

0

70

155

126

23

253

408

-

18

0

-

-

-

-

0

3

3

3

3

3

-

32

33

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investments in unconsolidated joint ventures

39

39

40

41

42

43

45

46

48

50

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assets of property discontinued operations

-

-

-

-

-

-

-

-

-

-

0

12

12

12

12

12

12

12

12

12

12

13

13

23

23

25

26

-

-

47

-

-

-

11

-

-

-

Acquired real estate leases, net

689

732

808

924

1,000

1,056

215

297

323

351

99

108

118

124

105

113

123

118

125

133

141

150

158

163

139

142

131

132

138

144

131

110

112

117

103

80

60

Deposit escrow for FPO acquisition

-

-

-

-

-

-

-

-

-

-

651

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash and cash equivalents

29

93

29

21

20

35

9

18

17

16

551

12

12

29

13

9

15

8

11

7

9

13

4

5

2

7

2

3

3

5

3

1

9

3

5

1

2

Restricted cash

4

6

4

3

4

3

2

2

4

3

0

0

0

0

0

0

0

1

1

2

3

2

2

2

2

1

1

1

2

1

2

3

2

1

1

1

1

Rents receivable

90

83

70

70

67

72

55

61

65

61

47

47

50

48

49

46

46

45

40

40

37

36

37

34

31

33

31

30

31

28

26

27

26

28

22

21

19

Deferred leasing costs, net

42

40

37

34

30

25

22

22

22

22

22

21

21

21

20

20

17

14

12

12

11

11

11

11

11

11

9

9

8

7

5

3

3

3

1

0

1

Deferred financing costs, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10

11

12

12

6

3

3

3

4

4

5

5

6

6

7

5

2

2

3

Due from related persons

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Other assets, net

20

20

33

159

202

178

136

113

106

96

89

82

77

68

69

52

44

33

56

54

10

12

13

14

23

25

18

9

9

10

11

18

11

10

24

18

16

Total assets

4,028

4,193

4,360

4,804

4,927

5,238

3,484

3,507

3,655

3,703

3,536

2,365

2,377

2,385

2,265

2,251

2,259

2,168

2,227

2,237

2,414

2,427

2,429

1,751

1,629

1,632

1,553

1,527

1,539

1,562

1,524

1,382

1,363

1,368

1,266

1,162

951

LIABILITIES AND SHAREHOLDERS’ EQUITY
Long-term Line of Credit

348

0

210

65

80

175

467

452

570

570

565

155

160

160

25

-

311

117

114

59

55

-

184

195

150

157

69

25

27

49

167

27

-

345

282

338

118

Unsecured term loans, net

-

-

0

169

234

387

548

548

548

547

547

547

547

547

547

546

546

546

550

550

550

550

350

350

350

350

350

350

350

350

350

350

350

-

-

-

-

Senior unsecured notes, net

1,619

2,017

2,015

2,362

2,360

2,357

945

945

944

944

943

647

647

646

646

646

346

345

347

347

347

347

347

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage notes payable, net

244

309

311

325

326

335

176

180

182

183

26

26

27

27

28

28

29

136

137

185

186

187

188

189

104

90

91

91

92

93

93

94

94

95

45

45

46

Liabilities of property discontinued operations

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

0

-

-

-

0

-

-

-

Liabilities of properties held for sale

0

14

16

1

0

4

9

-

0

0

-

-

-

-

0

0

0

0

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and other liabilities

106

125

118

159

114

145

64

80

74

89

63

64

52

54

52

56

48

50

48

50

23

26

25

22

21

23

23

18

19

18

21

19

18

20

21

17

14

Due to related persons

7

7

7

6

5

34

23

7

8

4

4

5

3

3

3

3

4

2

1

3

2

2

1

2

2

2

1

2

2

3

7

2

3

4

6

3

1

Assumed real estate lease obligations, net

12

13

15

17

18

20

8

11

12

13

8

9

10

10

11

11

12

12

13

14

15

15

16

17

18

19

16

17

18

19

14

10

10

10

11

12

13

Total liabilities

2,338

2,487

2,693

3,107

3,140

3,459

2,245

2,226

2,340

2,353

2,159

1,456

1,448

1,450

1,314

1,293

1,298

1,211

1,213

1,210

1,180

1,130

1,116

778

647

642

552

506

510

534

653

504

477

476

368

417

193

Commitments and contingencies

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

-

-

0

0

-

0

0

0

0

0

0

0

0

0

0

0

Preferred units of limited partnership

-

-

-

-

-

-

0

0

20

20

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Shareholders’ equity:
Common shares of beneficial interest, $.01 par value: 200,000,000 shares authorized, 48,200,929 and 48,201,941 shares issued and outstanding, respectively

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Additional paid in capital

2,612

2,612

2,612

2,611

2,610

2,609

1,969

1,968

1,968

1,968

1,968

1,473

1,473

1,473

1,473

1,472

1,472

1,472

1,472

1,472

1,457

1,457

1,457

1,106

1,105

1,105

1,105

1,104

1,104

1,103

937

936

936

935

935

777

776

Cumulative net income

188

177

112

116

180

146

204

205

174

108

126

115

103

96

84

72

55

38

40

23

215

248

234

221

207

191

179

177

162

137

124

112

100

87

74

62

41

Cumulative other comprehensive loss

-0

-0

-0

-0

-0

0

0

0

0

60

46

42

43

26

24

12

2

-14

-0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Cumulative common distributions

1,110

1,084

1,057

1,031

1,004

978

-

-

-

807

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cumulative common distributions

-

-

-

-

-

-

935

893

850

-

765

723

693

662

631

601

570

540

500

469

439

409

379

355

332

308

284

261

237

214

190

171

151

131

111

94

61

Total shareholders’ equity

1,690

1,705

1,666

1,696

1,787

1,778

1,239

1,281

1,294

1,330

1,377

908

928

935

950

957

960

956

1,013

1,027

1,234

1,297

1,313

973

981

989

1,000

1,021

1,029

1,027

870

878

885

891

898

745

757

Total liabilities and shareholders’ equity

4,028

4,193

4,360

4,804

4,927

5,238

3,484

3,507

3,655

3,703

3,536

2,365

2,377

2,385

2,265

2,251

2,259

2,168

2,227

2,237

2,414

2,427

2,429

1,751

1,629

1,632

1,553

1,527

1,539

1,562

1,524

1,382

1,363

1,368

1,266

1,162

951