OPI files April bankruptcy report showing $69M cash, confirmed reorganization plan

Filed June 4, 2026 · Period ending May 29, 2026 · ~1 min read

Key Changes

• high

  Bankruptcy court confirmed OPI's reorganization plan on April 22, 2026, though effective date has not occurred; company remains debtor-in-possession with $4.3B total liabilities and negative $631M equity.

  Exhibit 99.2 verify on EDGAR →
• high

  Going concern uncertainty disclosed in forward-looking statements, indicating substantial doubt about OPI's ability to continue operating.

  Exhibit 99.1 verify on EDGAR →
• high

  Q1 2026 occupancy fell to 78.2% (81.3% for same properties) from 85.4% year-ago; Same Property Cash Basis NOI declined 0.5% to $52.6M while GAAP NOI dropped 8.4%.

  Exhibit 99.1 verify on EDGAR →