Office Properties Income Trust's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Office Properties Income Trust (OPI) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Office Properties Income Trust vs Its Competitors
- TTM: Trailing 12-month revenue of 438M vs 11,116M combined for tracked competitors (3.8% combined share).
- Trending: Latest-quarter revenue run-rate is holding steady (-0.5% annualized vs trailing 12 months), vs decelerating (-2.6%) for its tracked peer group.
- Growth: Office Properties Income Trust generated -4.2% revenue growth year over year in Q1 2026, vs -3.1% for its tracked competitors combined.
- Profitability: Its -85.4% net margin compares with 13.5% for the peer group.
- Scale: Office Properties Income Trust ranks #25 of 75 companies by market capitalization in the Real Estate Operations industry, holding 0.4% of industry market cap.
- Peer revenue share: Office Properties Income Trust accounted for 3.9% of combined revenue among its tracked peer group, down from 3.9% a year earlier.
- Peer differentiation: Revenue per employee of $2.22M compares with $1.80M for the peer group (1.2x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
OPI Sales vs. its Competitors, Q1 2026
Office Properties Income Trust reported revenue contraction of 4.18 % year on year in Q1 2026, below its competitors' combined revenue change of -3.11 %.
With a net margin of -85.44 %, Office Properties Income Trust reported lower profitability than its competitors (13.53 %).
Office Properties Income Trust generated 3.87 % of the combined sales of its peer group, down from 3.91 % a year earlier.
Office Properties Income Trust vs. its Competitors, Q1 2026
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Office Properties Income Trust and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Office Properties Income Trust | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (9) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (6) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Office Properties Income Trust's competitor groups requires a Commercial License.
For context: the Real Estate Operations industry grew revenue 5.0% year over year, combined, vs -4.2% for Office Properties Income Trust. Office Properties Income Trust's share of combined industry revenue moved from 0.14% to 0.13%, a loss of 0.01 percentage points.
Office Properties Income Trust's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Office Properties Income Trust | No | Yes | Yes | Yes |
| Competitors combined (6) | ||||
| Similar-Size Competitors (10) | ||||
| Similar Growth & Profitability (8) | 75.00 % (6 of 8) | 100.00 % (8 of 8) | 87.50 % (7 of 8) | 12.50 % (1 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
OPI Stock Performance relative to its Competitors
OPI Stock Performance relative to Similar-Size Competitors
OPI Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Vornado Realty Trust | 282.9% | Outperformed |
| 2 | Bxp Inc | 282.9% | Outperformed |
| 3 | Sl green Realty corp | 282.9% | Outperformed |
| 4 | Kilroy Realty Corporation | 282.9% | Outperformed |
| 5 | Hudson Pacific Properties Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Office Properties Income Trust's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Office Properties Income Trust's Comment on Competition and Industry Peers
Publicly Traded Peers of Office Properties Income Trust
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Office Properties Income Trust | 1,130.14 | 437.81 |
| Bxp Inc | 9,616.05 | 3,525.68 |
| Alexandria Real Estate Equities Inc | 8,028.87 | 2,840.16 |
| Vornado Realty Trust | 6,365.73 | 1,807.95 |
| Kilroy Realty Corporation | 3,917.30 | 1,111.88 |
| Sl green Realty corp | 3,447.40 | 1,016.28 |
| SUBTOTAL | 33,241.65 | 11,554.26 |
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Sources: Office Properties Income Trust's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Office Properties Income Trust versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Office Properties Income Trust's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| RMR | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Office Properties Income Trust's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Office Properties Income Trust's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Alexandria Real Estate Equities Inc | Reportable Segment, Aggregation before Other Operating 93.26 % |
| Vornado Realty Trust | New York 82.22 % |
| Kilroy Realty Corporation | Office and Life Science Properties 100.00 % |
| Sl green Realty corp | Real Estate 83.75 % |
| Hudson Pacific Properties Inc | Office 82.02 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Office Properties Income Trust's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Office Properties Income Trust | 1,130 | 2,222,381 | -1,621,970 |
| Bxp Inc | 9,616 | 4,268,383 | 500,507 |
| Alexandria Real Estate Equities Inc | 8,029 | 53,588,000 | -15,731,906 |
| Vornado Realty Trust | 6,366 | 574,865 | 259,254 |
| Kilroy Realty Corporation | 3,917 | 4,613,593 | 1,013,635 |
| Sl green Realty corp | 3,447 | 788,425 | -118,521 |
| PEERS TOTAL | 32,112 | 1,804,326 | -12,405 |
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Office Properties Income Trust's Position in Industry Market Structure
Market-capitalization share and concentration across all 68 companies in Office Properties Income Trust's industry classification, broader than the peer set above. Market cap in millions of $.Office Properties Income Trust ranks #25 of 68 companies by market capitalization in its industry, holding 0.36 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 1,449, indicating a unconcentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Airbnb Inc | 95,765 | 29.54 % |
| 2 | Ke Holdings inc | 58,261 | 17.97 % |
| 3 | Cbre Group Inc | 38,075 | 11.74 % |
| 4 | Api Group Corporation | 17,155 | 5.29 % |
| 5 | Invitation Homes Inc | 1,234 | 5.2% |
| 6 | Rollins Inc | 1,234 | 5.2% |
| 7 | Jones Lang Lasalle Incorporated | 1,234 | 5.2% |
| 8 | Terreno Realty Corporation | 1,234 | 5.2% |
| 9 | Brookfield Property Partners L p | 1,234 | 5.2% |
| 10 | Firstservice Corporation | 1,234 | 5.2% |
| 25 | Office Properties Income Trust | 1,179 | 0.36 % |
Market cap and industry share for the rest of Office Properties Income Trust's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-10-01.
Office Properties Income Trust's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 20 | Opendoor Technologies Inc | 2,265 | -70.58 % |
| 21 | Getty Realty Corp | 1,684 | 3.32 % |
| 22 | Forestar Group Inc | 1,621 | 59.75 % |
| 23 | Innovative Industrial Properties Inc | 1,530 | -4.82 % |
| 24 | Ellington Financial Inc | 1,234 | 12.3% |
| 25 | Office Properties Income Trust | 1,179 | 1,759.98 % |
| 26 | Marcus and Millichap Inc | 1,234 | 12.3% |
| 27 | Hudson Pacific Properties Inc | 1,234 | 12.3% |
| 28 | Cresud Inc | 1,234 | 12.3% |
| 29 | Gladstone Commercial Corp | 1,234 | 12.3% |
| 30 | Exp World Holdings inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Office Properties Income Trust's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-10-01. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Office Properties Income Trust's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Real Estate Operations industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (71 companies). See the full Real Estate Operations industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 100.00 % | 52.77 % (avg) | +47.2 pp |
| Operating Margin | 42.09 % | industry median | +31.4 pp |
| EBITDA Margin | -0.86 % | 16.20 % (avg) | -17.1 pp |
| Capital Intensity (Capex / Revenue) | 9.46 % | 17.17 % (avg) | -7.7 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Office Properties Income Trust's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 34.67 % | 58.77 % | - | - | - | - | - | 78.45 % |
| Operating Margin | -67.00 % | 33.09 % | - | - | -2,892.76 % | - | - | 42.86 % |
| Return on Invested Capital | -5.34 % | 3.58 % | -6.44 % | -6.13 % | -5.82 % | -5.75 % | - | 4.17 % |
| P/E | - | 52.1x | 159.4x | - | - | - | - | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Office Properties Income Trust's Strategic Group Map
Every company in Office Properties Income Trust's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Office Properties Income Trust is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Office Properties Income Trust's BCG Growth-Share Matrix
Relative market share (vs Office Properties Income Trust's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
Office Properties Income Trust falls in the Dog quadrant: relative market share of 0.01x vs its largest competitor, in an industry growing revenue 5.6% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Office Properties Income Trust's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 1,449 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 9.46 % vs industry average 17.17 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Office Properties Income Trust's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Office Properties Income Trust's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Office Properties Income Trust's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Office Properties Income Trust falls in the Medium attractiveness / Medium strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Office Properties Income Trust's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Operating margin 31.4 points above the industry median.
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
- Return on equity 39.9 points below the industry aggregate.
- Low relative market share vs the industry leader (0.01x).
- Piotroski F-Score of 2 or below, the standard financial-distress signal.
Opportunities
- A meaningful share of tracked competitors (33.30 %) show financial-distress signals, a possible opening to gain share.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-2.6% annualized).
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Office Properties Income Trust's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Office Properties Income Trust | 9.44 | 44.25 | 3.01 |
| Bxp Inc | 0.75 | 0.89 | 1.45 |
| Alexandria Real Estate Equities Inc | 0.21 | 0.30 | 0.61 |
| Vornado Realty Trust | 2.83 | 3.06 | 0.79 |
| Kilroy Realty Corporation | 0.79 | 1.32 | 0.21 |
| Sl green Realty corp | 0.13 | 0.42 | 1.15 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Office Properties Income Trust's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Office Properties Income Trust | Q1 2026 | -4.2 % | - |
| Bxp Inc | Q2 2026 | +3.1 % | -14.0 % |
| Alexandria Real Estate Equities Inc | Q2 2026 | -13.0 % | - |
| Vornado Realty Trust | Q1 2026 | -0.5 % | - |
| Kilroy Realty Corporation | Q1 2026 | -0.3 % | - |
| Sl green Realty corp | Q1 2026 | +5.5 % | - |
| PEERS TOTAL | -2.9 % | - |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Office Properties Income Trust's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Office Properties Income Trust | Q1 2026 | - | +33.8 % |
| Bxp Inc | Q2 2026 | +1.2 % | +13.1 % |
| Alexandria Real Estate Equities Inc | Q2 2026 | -7.6 % | -7.3 % |
| Vornado Realty Trust | Q1 2026 | - | +229.8 % |
| Kilroy Realty Corporation | Q1 2026 | - | +73.0 % |
| Sl green Realty corp | Q1 2026 | - | +490.7 % |
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Office Properties Income Trust's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Office Properties Income Trust | - | - | - |
| Bxp Inc | 1.61% | 1.44% | 5.40% |
| Alexandria Real Estate Equities Inc | - | - | - |
| Vornado Realty Trust | 5.19% | 5.08% | 13.13% |
| Kilroy Realty Corporation | 2.24% | 2.13% | 4.36% |
| Sl green Realty corp | - | - | - |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Office Properties Income Trust's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Office Properties Income Trust | - | 2.58 |
| Bxp Inc | 32.39 | 2.73 |
| Alexandria Real Estate Equities Inc | - | 2.83 |
| Vornado Realty Trust | 8.17 | 3.52 |
| Kilroy Realty Corporation | - | 3.52 |
| Sl green Realty corp | - | 3.39 |
| PEERS AVERAGE | - | 2.88 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.