Office Properties Income Trust (Nasdaq: OPI) has been recognized as one of the fastest growing middle market companies in Massachusetts by the Boston Business Journal (BBJ) in its 2020 Middle Market Leaders ranking, which ranks publicly traded and private companies with revenues between $25 million and $1 billion by two-year revenue growth. With rental income of $426.6 million for Fiscal 2018 and two-year revenue growth of 65%, OPI ranked 17th among middle market companies in Massachusetts.
"We are honored to be ranked among the fastest growing middle market companies in Massachusetts by the Boston Business Journal," said David Blackman, President and Chief Executive Officer. "We believe our inclusion on this list reflects the work by our manager, The RMR Group, toward executing our long term business strategy, including completing our strategic disposition program to reduce leverage and driving rent growth with new and renewal leasing."
OPI’s manager, the operating subsidiary of The RMR Group Inc. (Nasdaq: RMR), was also honored as part of the BBJ’s Middle Market Leaders, ranking first among middle market companies in Massachusetts with total revenues of $713.4 million for Fiscal 2019 and two-year revenue growth of nearly 163%.
Office Properties Income Trust is a real estate investment trust, or REIT, which primarily owns properties located throughout the United States and leased to single tenants and those with high credit quality characteristics like government entities. OPI is managed by the operating subsidiary of The RMR Group Inc. (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, MA.
A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.
No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.
Olivia Snyder, Manager, Investor Relations