Why Is Office Properties' Dividend So High?

Office Properties Income Trust (NASDAQ: OPI) is a small real estate investment trust (REIT) that owns offices across the US. Its yield is an extremely high 18% right now. That suggests investors are worried about the safety of the dividend. How realistic is that concern?

Office Properties owns 160 properties in key markets around the country, including Washington, D.C. (23% of rents); Chicago (11%); and Sacramento/Silicon Valley (10%). Nearly two-thirds of its rents come from investment-grade-rated tenants, including nearly 20% from the U.S. government. It ended 2022 with occupancy of 90.6%.

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Source Fool.com