The RMR Group Inc. (RMR)

NASDAQ: RMR · Real-Time Price · USD
22.55
-0.24 (-1.05%)
Nov 14, 2024, 3:09 PM EST - Market open
-1.05%
Market Cap 718.12M
Revenue (ttm) 196.92M
Net Income (ttm) 22.81M
Shares Out 31.85M
EPS (ttm) 1.38
PE Ratio 16.44
Forward PE 13.50
Dividend $1.80 (7.94%)
Ex-Dividend Date Oct 28, 2024
Volume 50,011
Open 22.81
Previous Close 22.79
Day's Range 22.54 - 23.10
52-Week Range 22.01 - 28.82
Beta 1.31
Analysts Buy
Price Target 32.00 (+41.91%)
Earnings Date Nov 11, 2024

About RMR

The RMR Group Inc., through its subsidiary, The RMR Group LLC, provides asset management services in the United States. The company offers management services to its four publicly traded real estate investment trusts, three real estate operating companies, and private capital vehicles. It also provides advisory services to publicly traded mortgage real estate investment trust. The company was formerly known as REIT Management & Research Inc. and changed its name to The RMR Group Inc. in October 2015. The RMR Group Inc. was founded in 1986 and i... [Read more]

Sector Real Estate
Founded 1986
Employees 600
Stock Exchange NASDAQ
Ticker Symbol RMR
Full Company Profile

Financial Performance

In 2024, The RMR Group's revenue was $196.92 million, a decrease of -16.62% compared to the previous year's $236.16 million. Earnings were $22.81 million, a decrease of -59.63%.

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for RMR stock is "Buy." The 12-month stock price forecast is $32.0, which is an increase of 41.91% from the latest price.

Price Target
$32.0
(41.91% upside)
Analyst Consensus: Buy
Stock Forecasts

News

The RMR Group Inc. (RMR) Q4 2024 Earnings Call Transcript

The RMR Group Inc. (NASDAQ:RMR) Q4 2024 Earnings Call November 12, 2024 10:00 AM ET Company Participants Kevin Barry - Senior Director, Investor Relations Adam Portnoy - President and Chief Executive...

2 days ago - Seeking Alpha

The RMR Group Inc. Announces Fourth Quarter Fiscal 2024 Results

NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group Inc. (Nasdaq: RMR) today announced its financial results for the fiscal quarter ended September 30, 2024, which can be found at the Quarterly Results sect...

2 days ago - Business Wire

The RMR Group Reschedules Fiscal Fourth Quarter 2024 Conference Call to Tuesday, November 12th

NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group (Nasdaq: RMR) today announced that it has rescheduled its fiscal fourth quarter 2024 conference call one day earlier than previously scheduled. RMR will n...

16 days ago - Business Wire

The RMR Group Announces Quarterly Dividend on Common Shares

NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group Inc. (Nasdaq: RMR) today announced a regular quarterly cash distribution on its shares of Class A Common Stock and Class B-1 Common Stock of $0.45 per sha...

4 weeks ago - Business Wire

The RMR Group Fiscal Fourth Quarter 2024 Conference Call Scheduled for Wednesday, November 13th

NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group (Nasdaq: RMR) today announced that it will issue a press release containing its fiscal fourth quarter 2024 financial results after the Nasdaq closes on Tu...

4 weeks ago - Business Wire

The RMR Group Announces Vertex Pharmaceuticals' 15-Year Lease Renewal for 1.1 Million Square Feet in Boston's Seaport District

NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group (Nasdaq: RMR) today announced the early renewal of the Vertex Pharmaceuticals Incorporated (“Vertex”) lease for 1.1 million square feet of office and labo...

3 months ago - Business Wire

The RMR Group Inc. (RMR) Q3 2024 Earnings Call Transcript

The RMR Group Inc. (NASDAQ:RMR) Q3 2024 Earnings Conference Call August 2, 2024 10:00 AM ET Company Participants Kevin Barry - Senior Director, IR Adam Portnoy - President and CEO Matt Jordan - CFO C...

3 months ago - Seeking Alpha

The RMR Group Inc. Announces Third Quarter Fiscal 2024 Results

NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group Inc. (Nasdaq: RMR) today announced its financial results for the fiscal quarter ended June 30, 2024, which can be found at the Quarterly Results section o...

3 months ago - Business Wire

The RMR Group Announces Acquisition of a Denver Multifamily Property

NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group (Nasdaq: RMR) today announced that it has acquired The Ridge at Lowry, a 240-unit garden-style apartment community located at 10000 E. Alameda Avenue in D...

3 months ago - Business Wire

Tremont Realty Capital Announces the Closing of a $27 Million Mortgage Loan to Refinance an Industrial Property in Wayne, PA

NEWTON, Mass.--(BUSINESS WIRE)--Tremont Realty Capital announced the closing of a $27M first mortgage loan to refinance 400 Devon Park Drive, an industrial property in Wayne, PA.

Other symbols: SEVN
4 months ago - Business Wire

The RMR Group: A Strong Buy With Low Risk

RMR Group remains a "Strong Buy" in my value portfolio due to profitability and the integration of the CARROLL acquisition. Future catalysts include potential for an improving real estate market and i...

4 months ago - Seeking Alpha

The RMR Group Fiscal Third Quarter 2024 Conference Call Scheduled for Friday, August 2nd

NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group (Nasdaq: RMR) today announced that it will issue a press release containing its fiscal third quarter 2024 financial results after the Nasdaq closes on Thu...

4 months ago - Business Wire

Tremont Realty Capital Announces the Closing of a $40 Million Mortgage Loan to Refinance a Hotel in Revere, MA

NEWTON, Mass.--(BUSINESS WIRE)--Tremont Realty Capital closed a $40 million mortgage loan to refinance SpringHill Suites by Marriott Boston Logan Airport Revere Beach hotel.

Other symbols: SEVN
4 months ago - Business Wire

Service Properties Trust Appoints Jesse Abair as Vice President

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC), or SVC, today announced that Jesse Abair has been appointed as Vice President. Mr. Abair is a Vice President of The RMR Group (N...

Other symbols: SVC
5 months ago - Business Wire

Industrial Logistics Properties Trust Appoints Marc Krohn as Vice President

NEWTON, Mass.--(BUSINESS WIRE)--Industrial Logistics Properties Trust (Nasdaq: ILPT) today announced that Marc Krohn has been appointed Vice President. Mr. Krohn is a Vice President of The RMR Group (...

Other symbols: ILPT
5 months ago - Business Wire

Seven Hills Realty Trust Appoints Jared Lewis as Vice President

NEWTON, Mass.--(BUSINESS WIRE)--Seven Hills Realty Trust (Nasdaq: SEVN) today announced that Jared Lewis has been appointed as Vice President. Mr. Lewis is a Vice President of The RMR Group (Nasdaq: R...

Other symbols: SEVN
5 months ago - Business Wire

The RMR Group Appoints Summit Walia as Vice President, Head of Residential Acquisitions

NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group (Nasdaq: RMR) announced the appointment of Summit Walia as Vice President, Head of Residential Acquisitions.

6 months ago - Business Wire

The RMR Group Inc. (RMR) Q2 2024 Earnings Call Transcript

The RMR Group Inc. (NASDAQ:RMR) Q2 2024 Results Conference Call May 8, 2024 1:00 PM ET Company Participants Kevin Barry - Senior Director, IR Adam Portnoy - President and CEO Matt Jordan - CFO Confer...

6 months ago - Seeking Alpha

The RMR Group Inc. Announces Second Quarter Fiscal 2024 Results

NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group Inc. (Nasdaq: RMR) today announced its financial results for the fiscal quarter ended March 31, 2024, which can be found at the Quarterly Results section ...

6 months ago - Business Wire

The RMR Group Announces Completion of Unison Elliott Bay Redevelopment

SEATTLE--(BUSINESS WIRE)--The RMR Group (Nasdaq: RMR) today announced the completion of Unison Elliott Bay (Unison), a three building mixed-use campus with 300,000 square feet of Life Science lab, R&D...

Other symbols: OPI
7 months ago - Business Wire

The RMR Group Highlights Recent Achievements in 2023 Annual Sustainability Report

NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group (Nasdaq: RMR) today announced the publication of its 2023 Annual Sustainability Report, which outlines RMR's Environmental, Social and Governance (ESG) st...

7 months ago - Business Wire

The RMR Group Inc. Raises Quarterly Dividend by 12.5%

NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group Inc. (Nasdaq: RMR) today announced it has raised its regular quarterly cash distribution on its shares of Class A Common Stock and Class B-1 Common Stock ...

7 months ago - Business Wire

The RMR Group Fiscal Second Quarter 2024 Conference Call Scheduled for Wednesday, May 8th

NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group (Nasdaq: RMR) today announced that it will issue a press release containing its fiscal second quarter 2024 financial results after the Nasdaq closes on Tu...

7 months ago - Business Wire

The RMR Group Earns 2024 ENERGY STAR® Partner of the Year Award for the Sixth Consecutive Year

NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group (Nasdaq: RMR) today announced that it received the 2024 ENERGY STAR® Partner of the Year Award for the sixth consecutive year. RMR was also recognized as ...

8 months ago - Business Wire

Adding RMR Group To My Value Portfolio

RMR Group is a property management company that generates revenue from managing properties for REITs and private real estate firms. The company earns fees through various methods, including base busin...

9 months ago - Seeking Alpha