HIGHOutside partyCounterparty
RMR (external manager)
“10-K Item 1: 'Our day to day operations are conducted by RMR.'”
OPI · Concentration risk · 10-K extracted
Office Properties Income Trust (OPI) concentration risks
Updated
The most significant concentration Office Properties Income Trust discloses is RMR (external manager), classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Office Properties Income Trust’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 4 disclosed concentrations
HIGH1
MEDIUM1
LOW2
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMOutside partyTenant
34.3%
private sector single/majority tenants
“10-K Item 1A: 'As of December 31, 2025, 34.3% of our annualized rental income was from our properties leased to private sector single tenants or majority occupied tenants.'”
LOWBuilt-inGeographic
22.6%
metropolitan Washington, D.C.
“10-K Item 1A: 'we derived approximately 22.6% of our annualized rental income from our consolidated properties located in the metropolitan Washington, D.C. market area'”
LOWOutside partyTenant
17.2%
U.S. government
“10-K Item 1: 'The U.S. government is our largest tenant, representing approximately 17.2% of our annualized rental income as of December 31, 2025.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-08-02Office Properties Income Trust carries a structural governance dependency layered on top of tenant and geographic concentration. The company's day-to-day operations are conducted by RMR, its external manager — a high-share dependency in the sense that essentially all operational decision-making runs through a single outside party rather than an internal management team. On the tenant side, 34.3% of annualized rental income as of December 31, 2025 came from properties leased to private sector single tenants or majority-occupied tenants, a medium-share dependency spread across that broader tenant category. Geographic and single-tenant exposures are more modest: approximately 22.6% of annualized rental income came from consolidated properties in the metropolitan Washington, D.C. market, a low-share structural exposure, and the U.S. government, OPI's largest tenant, represented approximately 17.2% of annualized rental income, a low-share dependency on a single counterparty. None of the tenant or geographic figures individually rival the scale of the reliance on RMR for operations. The combination suggests governance and operating-partner risk is the more structurally significant concentration here, while tenant and regional exposures, though worth monitoring, are comparatively contained.
For the engine’s reasoning on OPI’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · REIT - Office
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| CDP | COPT Defense Properties | 2 | 2 | 1 | 5 |
| ARE | Alexandria Real Estate Equities | 2 | 0 | 0 | 2 |
| BXP | BXP, Inc. | 2 | 0 | 0 | 2 |
| CUZ | Cousins Properties Incorporated | 1 | 3 | 1 | 5 |
| OPI● | Office Properties Income Trust | 1 | 1 | 2 | 4 |
| BDN | Brandywine Realty Trust | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.