Office Properties Income Trust (OPI), a REIT managed by The RMR Group, announced the suspension of its quarterly cash distribution. The distribution of $0.01 per share on its common shares, or $0.04 per share annually, has been halted.
The Board of Trustees made this decision to preserve OPI’s cash, with the company expecting to retain approximately $3.0 million of cash annually as a result. This action reflects ongoing efforts to manage liquidity within the managed REIT.
For The RMR Group, the suspension of distributions by a managed entity like OPI is a material event. It highlights the challenging environment in the office sector and its potential impact on the financial health of RMR's client portfolios.
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