RMR Group Inc
NASDAQ:RMR
RMR Group Inc
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.
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.
Strong Quarter: RMR reported first quarter results that exceeded or were at the high end of guidance, with strong distributable earnings and adjusted EBITDA.
Incentive Fees: RMR received $23.6 million in incentive fees for 2025, driven by top performance of DHC and ILPT among US REITs.
Balance Sheet Strength: Significant asset sales and debt repayments at DHC and SVC have improved financial flexibility and reduced debt maturities.
Private Capital Push: RMR is aggressively building its private capital platform, hiring new talent to expand fundraising, especially internationally.
Guidance Lowered: Next quarter's adjusted EBITDA, distributable earnings, and net income are guided lower due to reduced fees, lower construction activity, and asset sales.
Multifamily Focus: Launching and funding a multifamily vehicle is the top strategic priority for 2026, with strong operational results from existing assets.
