The RMR Group Inc. (RMR)
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]
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 StatementsAnalyst 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.
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...
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...
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...
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...
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...
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...
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...
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...
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...
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.
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...
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...
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.
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...
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 (...
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...
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.
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...
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 ...
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...
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...
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 ...
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...
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 ...
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...