OFFICE PROPERTIES INCOME TRUST (OPINL) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
OPINL currently has 71.9M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 88.81% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 22, 2026 |
10-K filing | 71.9M shares outstanding |
72M | 0 |
| May 22, 2026 |
10-Q filing | 73.5M shares outstanding |
73M | 0 |
| Jul 30, 2025 |
10-Q filing | 71.3M shares outstanding |
71M | 0 |
| Apr 30, 2025 |
10-Q filing | 69.3M shares outstanding |
69M | 0 |
| Apr 01, 2025 |
S-3/A filing: This is an S-3/A filing registering $1,000,000,000 of unsold securities from a prior registration statement. |
70M | 0 |
| Apr 01, 2025 |
S-3/A filing: This is a pre-effective amendment to a Form S-3 registration statement for Office Properties Income Trust filed on February 19, 2025. It is being filed solely for the purpose of filing an updated auditor consent and an updated composite copy of the registrant's amended and restated declaration of trust. |
70M | 0 |
| Feb 19, 2025 |
S-3 filing: Resale of 5,700,900 common shares of beneficial interest by selling shareholders, originally issued pursuant to an Exchange Agreement dated November 24, 2024; shares may be sold from time to time directly or indirectly through broker-dealers or agents. |
70M | 0 |
| Feb 13, 2025 |
S-3 filing: Office Properties Income Trust may offer and sell debt securities, common shares of beneficial interest, preferred shares of beneficial interest, depositary shares and warrants up to a total offering price of $1,000,000,000. |
51M | 0 |
| Feb 13, 2025 |
10-K filing | 69.8M shares outstanding |
70M | 0 |
| Dec 17, 2024 |
8-K filing: Office Properties Income Trust filed a prospectus supplement relating to the resale of up to 5,700,900 common shares by certain selling shareholders, which were issued to them pursuant to an exchange agreement related to a private exchange offer. |
51M | 0 |
| Dec 11, 2024 |
8-K filing: The company issued approximately 11.5 million common shares in a private placement related to an exchange agreement. ($58.5M proceeds) |
51M | 0 |
| Nov 25, 2024 |
8-K filing: The company entered into an Exchange Agreement to exchange up to $340 million of Existing Notes for new notes, common shares, and premiums, and also issued 4,045,704 common shares between September 30, 2024 and November 15, 2024 in exchange for $7.1 million of Existing Notes. |
51M | 0 |
| Oct 30, 2024 |
10-Q filing | 51.2M shares outstanding |
51M | 0 |
| Sep 17, 2024 |
8-K filing: Between August 1, 2024 and September 16, 2024, the company issued 2,554,489 common shares in exchange for $6,800,000 aggregate principal amount of 4.500% Senior Notes due 2025 in privately negotiated exchange agreements. As of September 16, 2024 the Company has 53,344,617 Common Shares outstanding. ($6.8M proceeds) |
53M | 0 |
| Jul 31, 2024 |
10-Q filing | 48.6M shares outstanding |
49M | 0 |
| Jul 09, 2024 |
8-K filing: Office Properties Income Trust filed a prospectus supplement relating to the resale from time to time by certain selling shareholders of up to 1,406,952 shares of the Company's common shares of beneficial interest, par value $.01 per share, that the Company issued to the selling shareholders pursuant to the Support Agreement dated June 10, 2024. |
48M | 0 |
| Jun 21, 2024 |
8-K filing: The company settled exchange offers, exchanging existing notes for new notes and issuing 1,429,179 common shares to certain holders of existing notes party to the Support Agreement. |
48M | 0 |
| Jun 10, 2024 |
8-K filing: The company entered into a Support Agreement with Supporting Noteholders and will issue 1,433,169 common shares in a private placement in exchange for tendering Existing Notes. |
48M | 0 |
| May 01, 2024 |
10-Q filing | 48.5M shares outstanding |
48M | 0 |
| Feb 15, 2024 |
10-K filing | 48.4M shares outstanding |
48M | 0 |
| Oct 30, 2023 |
10-Q filing | 48.4M shares outstanding |
48M | 0 |
| Sep 05, 2023 |
RW filing: The filing relates to the proposed issuance of common shares in connection with the Merger Agreement, which was terminated. Consequently, the Company will not proceed with the proposed offering and will withdraw the Registration Statement. |
48M | 0 |
| Jul 26, 2023 |
10-Q filing | 48.4M shares outstanding |
48M | 0 |
| Apr 26, 2023 |
10-Q filing | 48.3M shares outstanding |
48M | 0 |
| Feb 15, 2023 |
10-K filing | 48.3M shares outstanding |
48M | 0 |
| Oct 27, 2022 |
10-Q filing | 48.3M shares outstanding |
48M | 0 |
| Jul 28, 2022 |
10-Q filing | 48.2M shares outstanding |
48M | 0 |
| Jun 17, 2022 |
8-K filing: On June 16, 2022, the Company awarded each of its Trustees 3,500 common shares of beneficial interest as part of an updated Trustee compensation arrangement. |
48M | 0 |
| Apr 28, 2022 |
10-Q filing | 48.2M shares outstanding |
48M | 0 |
| Feb 16, 2022 |
10-K filing | 48.2M shares outstanding |
48M | 0 |
| Oct 28, 2021 |
10-Q filing | 48.2M shares outstanding |
48M | 0 |
| Sep 23, 2021 |
8-K filing: The company agreed to sell $400 million aggregate principal amount of 3.450% Senior Notes due 2031 in an underwritten public offering, with expected net proceeds of $395.7 million to be used for general business purposes. ($395.7M proceeds) |
48M | 0 |
| Jul 29, 2021 |
10-Q filing | 48.2M shares outstanding |
48M | 0 |
| Jun 21, 2021 |
8-K filing: On June 17, 2021, the Company awarded each of the Company's Trustees 3,500 Common Shares, valued at $29.88 per share. |
48M | 0 |
| Apr 29, 2021 |
10-Q filing | 48.2M shares outstanding |
48M | 0 |
| Feb 19, 2021 |
10-K filing | 48.3M shares outstanding |
48M | 0 |
| Oct 30, 2020 |
10-Q filing | 48.3M shares outstanding |
48M | 0 |
| Sep 21, 2020 |
8-K filing: The company agreed to sell $250.0 million aggregate principal amount of 4.50% Senior Notes due 2025 in an underwritten public offering, with net proceeds expected to be $251.3 million to repay amounts outstanding under its revolving credit facility and for general business purposes. The Notes are expected to be issued on or about September 24, 2020. ($251.3M proceeds) |
48M | 0 |
| Jul 30, 2020 |
10-Q filing | 48.2M shares outstanding |
48M | 0 |
| May 28, 2020 |
8-K filing: The Company awarded each of its Trustees 3,500 Common Shares valued at $26.61 per share on May 27, 2020. |
48M | 0 |
| May 01, 2020 |
10-Q filing | 48.1M shares outstanding |
48M | 0 |
| Feb 20, 2020 |
10-K filing | 48.1M shares outstanding |
48M | 0 |