OFFICE PROPERTIES INCOME TRUST 8-K

What Happened
Office Properties Income Trust (OPI / OPITQ) announced that it and certain subsidiaries commenced voluntary Chapter 11 cases in the U.S. Bankruptcy Court for the Southern District of Texas on October 30, 2025 to implement a court‑supervised restructuring under a Restructuring Support Agreement (RSA) dated October 30, 2025. The company filed its Monthly Operating Reports (MORs) for the period November 1–30, 2025 with the Bankruptcy Court on December 30, 2025 and attached OPI’s MOR as Exhibit 99.1 to the Form 8‑K. The Debtors continue to operate as debtors‑in‑possession under bankruptcy court oversight.

Key Details

• Chapter 11 cases commenced: October 30, 2025; cases are jointly administered as "In re Office Properties Income Trust, et al."
• Monthly Operating Report period: November 1, 2025 through November 30, 2025; MORs filed December 30, 2025 (OPI’s MOR attached as Exhibit 99.1).
• MORs were prepared for bankruptcy reporting purposes only: unaudited, not GAAP, limited scope, and subject to adjustment.
• Company common shares are no longer listed on Nasdaq; the filing cautions trading during the Chapter 11 cases is highly speculative and may not reflect recovery in the cases.
• Filing reiterates key risks and forward‑looking statement cautions, including ability to confirm a plan, case duration, liquidity constraints, and potential cancellation of equity.

Why It Matters
For investors, the Chapter 11 filings and the November MOR provide the most current, court‑filed view of OPI’s operations and finances but are limited and unaudited. The RSA and Chapter 11 process will determine creditor recoveries and the fate of equity holders; the company warns that its common shares may be canceled or have little value and are no longer on Nasdaq. Retail investors should treat trading in OPITQ stock as highly speculative and review the MOR and court filings (available via the debtors’ claims agent site) before making investment decisions.