2024 Tax Reporting: Dividend Details from Office Properties

Overview of Dividend Allocations for 2024

Office Properties Income Trust (NASDAQ: OPI) has recently shared important information regarding its dividend allocations for income tax reporting for 2024. This announcement is crucial for shareholders who rely on these dividends for their investment strategies.

Dividend Characterization

The company has outlined the characterization of dividends that shareholders can expect. This provides clarity on how these dividends will impact individual income tax situations. It's imperative for shareholders to understand how these dividends will be categorized when it comes time to file taxes.

Details on Common Shares

Here is a detailed breakdown of the dividend allocations per share, including the declaration dates and payment amounts:

Common Shares Dividend Allocation

Under the 2024 allocations, shareholders will see various amounts based on the designated sections. For instance:

Declaration Date: 01/11/24 - Record Date: 01/22/24 - Payment Date: 02/15/24 - Dividend Per Share: $0.01

Several other declaration dates throughout the year will follow a similar pattern, maintaining the transparency that OPI upholds with its investors.

Specific Dividend Payments Across the Year

The following dates outline the dividend payments for OPI’s common shares:

• 04/11/24 - $0.01
• 07/11/24 - $0.01
• 10/16/24 - $0.01

As the year progresses, these scheduled payments will accumulate to a total of $0.04 for the year, reflecting the company's commitment to delivering returns to its shareholders.

Tax Reporting Implications

Shareholders are advised to consult IRS Form 1099-DIV for accurate tax reporting. This form pertains to dividends received and will be vital for tax records. It's essential to acknowledge that the company's communications about dividends aim to complement the 1099-DIV, not replace it.

About Office Properties Income Trust

Office Properties Income Trust is a Real Estate Investment Trust (REIT) dedicated to acquiring and leasing office workers to high creditworthy tenants throughout the United States. As of a recent reporting period, approximately 59% of the revenues came from investment-grade tenants, showcasing the stability and growth potential inherent in OPI’s business model.

Currently, OPI boasts a portfolio of 145 properties spanning 19.5 million square feet across 30 states and Washington, D.C. OPI also gained recognition as an Energy Star Partner of the Year for the seventh consecutive year in 2024, indicating its commitment to sustainability and efficient energy use.

Managed by The RMR Group (NASDAQ: RMR), OPI benefits from their extensive expertise in commercial real estate, underscoring OPI's strong foundation in the market. This partnership ensures that OPI not only maintains high occupancy rates but also enhances the value of its properties over time.

Frequently Asked Questions

What are the key details about OPI's 2024 dividends?

OPI has announced a total dividend allocation of $0.04 per share for 2024, with payments scheduled throughout the year beginning January 11, 2024.

How can shareholders ensure their tax reporting is accurate?

Shareholders should refer to IRS Form 1099-DIV for accurate reporting of their dividends received, ensuring compliance with tax obligations.

What is the total number of properties owned by OPI?

As of the latest reports, OPI owns 145 properties totaling approximately 19.5 million square feet across the United States.

Which companies manage Office Properties Income Trust?

OPI is managed by The RMR Group, a significant player in the alternative asset management space with nearly $41 billion in assets under management.

How has OPI been recognized in terms of sustainability?

OPI has been named an Energy Star Partner of the Year for seven consecutive years, demonstrating a strong commitment to sustainability and energy efficiency.

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