Investor Presentaiton
(2)
€2
(1)
$550M
Available Revolving
Credit Facility (1)
8.1x
Net Debt to Rolling
Four Quarter
Adjusted EBITDAre
Unsecured
93.2%
OFFICE PROPERTIES INCOME TRUST
FOCUSED ON MANAGING DEBT MATURITIES
Liquidity & Debt Metrics
2023 Mortgage Activity
$24M
Cash on Hand
4.4%
Weighted Average
Interest Rate on Debt
2.7x
Adjusted EBITDAre to
4.4%
Interest Expense
Secured Debt to Total
Assets
Secured
6.8%
Debt Profile
Fixed Rate
92.3%
•
Executed efficient CMBS financing amid challenging capital
•
market conditions.
Closed more than $177 million in interest-only mortgage
financing.
7.8% weighted average interest rate.
6.4 year weighted average term.
6.9% implied capitalization rate.
51% loan to value
Used net proceeds to repay amounts outstanding under
revolving credit facility and fund development projects.
Debt Maturities
Variable Rate
7.7%
($ in Millions)
$650
$550
Availability under OPI's revolving credit facility is subject to meeting required financial covenants.
2024 debt maturities include $200 million outstanding on OPI's revolving credit facility.
$350
$300
$739
$-
(2)
2023
2024
2025
2026
2027
2028+
% Total Debt
- %
21%
25%
12%
14%
28%
9View entire presentation