RMR Group Inc
NASDAQ:RMR

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RMR Group Inc
NASDAQ:RMR
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Price: 15.805 USD 0.48%
Market Cap: 506.7m USD

RMR Group Inc
Investor Relations

The RMR Group, Inc. is a holding company, which engages in the provision of management services to the managed equity real estate investment trusts and the managed operators. The company is headquartered in Newton, Massachusetts and currently employs 37,000 full-time employees. The company went IPO on 2015-11-24. The Company’s business is conducted by its majority owned subsidiary, The RMR Group LLC (RMR LLC). RMR LLC manages a diverse portfolio of publicly owned real estate and real estate related businesses. RMR LLC provides management services to four publicly traded real estate investment trusts (REITs): Diversified Healthcare Trust (DHC), which owns medical office and life science properties, senior living communities and wellness centers; Industrial Logistics Properties Trust (ILPT), which owns and leases industrial and logistics properties; Office Properties Income Trust (OPI), which owns office properties primarily leased to single tenants and those with quality credit characteristics, including the government; and Service Properties Trust (SVC), which owns a diverse portfolio of hotels and net lease service and necessity-based retail properties. The company also provides management services to real estate operating companies and private capital vehicles.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Nov 13, 2025
AI Summary
Q4 2025

Quarterly Results: RMR reported Q4 adjusted EBITDA of $20.5 million, distributable earnings of $0.44 per share, and adjusted net income of $0.22 per share, all in line with expectations.

Guidance: Next quarter, adjusted EBITDA is expected to decline to $18–$20 million, primarily due to the sale of AlerisLife's business. Distributable earnings are forecast at $0.42–$0.44 per share, and adjusted net income at $0.16–$0.18 per share.

Revenue Drivers: Recurring service revenue rose to $45.5 million in Q4 but is expected to fall to $42.5 million next quarter due to lost fees from AlerisLife and lower enterprise values at managed REITs.

Liquidity: The company ended the quarter with $162 million in total liquidity, including $62 million in cash.

Strategic Moves: RMR completed nearly $2 billion in debt financings and over $300 million in asset sales across its managed REITs, aiding deleveraging.

OPI Restructuring: RMR will continue managing OPI post-bankruptcy with a $14 million annual fee for the first two years under a new five-year agreement.

Seven Hills Capital Raise: Seven Hills announced a $65 million rights offering, with RMR backstopping to support new loan investments.

Key Financials
Adjusted EBITDA
$20.5 million
Distributable Earnings Per Share
$0.44
Adjusted Net Income Per Share
$0.22
Recurring Service Revenue
$45.5 million
Recurring Cash Compensation
$38.5 million
Recurring General & Administrative Expense
$10.1 million
Interest Expense
$1.7 million
Income Tax Rate
21.4%
Liquidity
$162 million
Cash Balance
$62 million
Revolving Credit Facility Capacity
$100 million undrawn
AlerisLife Fee Revenue (Q4)
$1.4 million
AlerisLife Fee Revenue (FY)
$5.7 million
Potential Incentive Fees (DHC & ILPT)
$22 million (2025 estimate)
OPI Management Fee (Post-Bankruptcy)
$14 million per year (first 2 years)
SHOP NOI (DHC)
$29.6 million
SHOP Occupancy (DHC)
81.5%
Average Monthly Rates (DHC SHOP)
up 5.3%
Seven Hills Loan Portfolio
$642 million
Seven Hills Rights Offering
$65 million
DHC Asset Sales
over $300 million
SVC Hotel Sales (Q4)
40 hotels for over $292 million
SVC Hotel Sales (2025 Target)
121 hotels for $959 million
SVC Zero Coupon Bond Offering
$490 million net proceeds
Non-Residential Leasing (Q4)
almost 1.4 million square feet
Non-Residential Leasing (FY)
almost 8 million square feet
Leasing Spread
approximately 14% higher rental rates
Residential Acquisitions (Q4)
$143.4 million gross aggregate cost
Wholly-Owned Quarterly NOI (run-rate)
$3.2 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Adam David Portnoy
CEO, President, MD & Director
No Bio Available
Mr. Matthew Paul Jordan CPA
Executive VP, CFO & Treasurer
No Bio Available
Ms. Jennifer Babbin Clark
MD, Executive VP, General Counsel, Secretary & Director
No Bio Available
Mr. Timothy A. Bonang
Senior Vice President of Investor Relations & Corporate Communications for The RMR Group LLC
No Bio Available
Ms. Jacquelyn S. Anderson
Senior Vice President of The RMR Group LLC
No Bio Available
Mr. Todd W. Hargreaves
Senior Vice President of RMR Group LLC
No Bio Available
Mr. Jeffrey C. Leer CPA
Executive Vice President of RMR Group LLC
No Bio Available

Contacts

Address
MASSACHUSETTS
Newton
2 Newton Pl Ste 300
Contacts
+16177968320.0
www.rmrgroup.com