RMR
The RMR Group Inc.15.58
-0.09-0.57%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q1 '26
Q&A clarifies fund timelines, ops
Q&A largely reaffirmed prepared remarks on client deleveraging and private capital initiatives, but added color on execution priorities. Peter's hire bolsters ex-U.S. fundraising in Asia and Middle East without strategy shift. Multifamily assets impressed with 70% resident retention and 5% rent growth amid Sunbelt oversupply—secret sauce from veteran team. Lending ramps via Seven Hills' $200M deployable capital; no RMR balance sheet adds planned. Multifamily fund targeted for FY2026 launch. Q2 guides adjusted EBITDA to $17M-$19M. Punchy: Assets crush market headwinds. Investors track fundraising traction.
Key Stats
Market Cap
265.82MP/E (TTM)
15.13Basic EPS (TTM)
1.03Dividend Yield
0.12%Recent Filings
10-Q
Q2 FY2026 results
RMR Group posted solid Q2 FY2026 results ended December 31, 2025, with operating income up 140% y/y to $32.1M from $13.4M on $180.4M total revenues, fueled by $23.6M incentive fees from Managed Equity REITs that offset a 9% drop in management services to $41.9M. Diluted EPS climbed to $0.71 from $0.38 on 16.7M shares, matching reported figures with no anti-dilution flagged. Operating cash flow held at $10.7M; free cash flow not disclosed in the 10-Q. Repaid $45.1M secured facility using loan sale proceeds to SEVN, leaving $49.3M cash and $100M revolver available to Jan 2028. Cash covers distributions. OPI's bankruptcy clouds fee stability.
8-K
RMR Q1 beats on incentives
The RMR Group reported Q1 fiscal 2026 net income of $26.8M ($0.71/share), boosted by $23.6M incentive fees from DHC and ILPT outperformance, yet adjusted net income fell to $3.4M ($0.20/share) amid AlerisLife wind-down. AUM dipped to $37.2B; sold loan portfolio to SEVN for $61.7M, netting $16.6M after repaying debt, and backstopped its rights offering with $24.8M to lift stake to 20.3%. Liquidity stands at $149.3M. Dividend stays well-covered.
8-K
Murray retiring from RMR, Sonesta
The RMR Group disclosed a retirement agreement for EVP John G. Murray, who leads Sonesta, effective March 31, 2026, with employment through September 30, 2026. RMR LLC and Sonesta committed to his salary through Q1, then $15,000 monthly, plus $1.9M 2025 bonus and $2.8M severance in two parts. Vesting accelerates on retirement. Succession details undisclosed.
8-K
Jordan named Managing Director
The RMR Group elected COO Matthew P. Jordan as Managing Director effective January 1, 2026, succeeding Jennifer B. Clark who retires December 31, 2025, with no disagreements noted. Jordan, 50, oversees capital formation and strategic growth. Smooth transition preserves continuity. No related transactions disclosed.
8-K
RMR Q4 earnings, acquisitions
The RMR Group reported Q4 fiscal 2025 net income of $7.6 million ($0.20 per share), down from prior quarters, yet distributable earnings hit $0.44 per share to cover its $0.45 dividend. AUM stood at $39 billion. It bought two apartment communities for $143.4 million to seed its Enhanced Growth Venture, using cash and $93.2 million financing. Liquidity remains strong at $162.3 million.
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