OPI - A Once Troubled REIT Paying 8.2% Is Now Absurdly Cheap: Office Properties Income Trust Is Worth A Look

Bottom Line: OPI is a well-managed and incredibly cheap REIT whose current valuation is far too low for its fundamentals, despite past problems with the company.

Introduction

Office Properties Income Trust (OPI) is one of the most undervalued REITs on the market, in no small part thanks to doubt of its future due to a troubled past. Before becoming OPI, the company was known as Government Properties Trust (GOV) and, despite the seeming security of a REIT focused on renting office space to the U.S. government, a combination of mismanagement by external managers