Office Properties Income Trust asset, 7850 Southwest 6th Court. (Photo: Office Properties Income Trust)

Office Properties Income Trust has suspended its quarterly cash distribution on common shares as the REIT seeks to preserve liquidity amid challenging market conditions.

The Newton, Massachusetts-based REIT announced that its Board of Trustees has halted the USD0.01 per share quarterly dividend, which had been providing shareholders with USD0.04 per share annually.

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By Rachel Young

Rachel Young is a staff writer for REITsWeek and is based in Singapore. She focuses on REITs listed in the North American and European markets but occasionally covers REITs in the Asia-Pacific region.