Is Office Properties Income Trust overvalued or undervalued?

As of 30 October 2024, the valuation grade for Office Properties Income Trust has moved from very attractive to risky. The company is currently overvalued, as indicated by its extreme valuation ratios, including a price to book value of 0.01, an EV to EBITDA of -0.24, and a dividend yield of 1032.85%. In comparison, peers such as Transcontinental Realty Investors, Inc. have a P/E ratio of 61.06 and Postal Realty Trust, Inc. boasts a P/E of 53.54, highlighting the significant disparity in valuation metrics.
The company's stock has performed poorly over multiple periods, with a year-to-date return of -55.35% compared to the S&P 500's 12.22%, and a staggering 10-year return of -98.03% against the S&P 500's 231.64%. This stark contrast reinforces the notion that Office Properties Income Trust is not only overvalued but also struggling significantly relative to broader market performance.