Investor Presentaiton
OFFICE PROPERTIES
INCOME TRUST
SECURE AND STABLE INCOME SUPPORTED BY 64% OF REVENUES FROM
INVESTMENT GRADE TENANTS (1)
% of Total
Tenants Representing
1% or More of Total
Annualized Rental Income
Credit Rating
Annualized
Rental
Income
Annualized
Tenant Risk Profile(2)
Rental
Income
U.S. Government
Investment Grade
$164,864
25.8%
24%
State of California
Shook, Hardy & Bacon L.L.P.
Bank of America Corporation
F5 Networks, Inc.
Noble Energy, Inc.
Investment Grade
19,040
3.0%
Not Rated
18,854
3.0%
Investment Grade
Non-Investment Grade
12%
Investment Grade
16,604
2.6%
64%
Not Rated
Not Rated
14,416
2.3%
Investment Grade
14,149
2.2%
WestRock Company
Investment Grade
12,843
2.0%
CareFirst Inc.
Non Investment Grade
11,619
1.8%
Lease Expirations(3)
Northrop Grumman Corporation
Investment Grade
11,346
1.8%
Tyson Foods, Inc.
Investment Grade
10,253
1.6%
50%
46%
Technicolor SA
Non Investment Grade
10,034
1.6%
40%
Commonwealth of Massachusetts
Investment Grade
9,693
1.5%
30%
Micro Focus International plc
CommScope Holding Company, Inc.
PNC Bank
Non Investment Grade
8,710
1.4%
20%
16%
Non Investment Grade
7,931
1.2%
9%
11%
12%
10%
7%
Investment Grade
6,897
1.1%
State of Georgia
Investment Grade
6,790
1.0%
0%
2020 2021
2022 2023 2024
2025+
$344,043
53.9%
Based on annualized rental income. Annualized rental income is calculated using the annualized contractual base rents from our tenants pursuant to our lease agreements, plus straight line rent adjustments
and estimated recurring expense reimbursements to be paid to us, and excluding lease value amortization.
1)
2)
3)
As of December 31, 2019.
We consider investment grade tenants to include: (a) investment grade rated tenants; (b) tenants with investment grade rated parent entities that guarantee the tenant's lease obligations; and/or (c) tenants
with investment grade rated parent entities that do not guarantee the tenant's lease obligations.
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