The RMR Group Inc.

RMR

$19.58

+0.53%

2026-09-03 14:25:05 EDT+$0.10

Real Estate

Real Estate - Services

NASDAQ

Active Trading

The RMR Group Inc., operating through its subsidiary, The RMR Group LLC, specializes in delivering business and property management solutions across the ...

Price Action of RMR

$19.58

+0.53%+$0.10

High—

Low—

52W High-6.7%

Rel. vol—

Interval

Range6.2h

Volume—SMA5SMA10

—

The RMR Group Inc. (Nasdaq: RMR) is a prominent U.S. alternative asset management company specializing in commercial real estate (CRE). Established in 1986 by Barry Portnoy, the firm has grown to manage over $37 billion in assets with a team of over 800 real estate experts. The company operates through ...The RMR Group Inc. (Nasdaq: RMR) is a prominent U.S. alternative asset management company specializing in commercial real estate (CRE). Established in 1986 by Barry Portnoy, the firm has grown to manage over $37 billion in assets with a team of over 800 real estate experts. The company operates through its subsidiary, The RMR Group LLC, and is headquartered in Newton, Massachusetts. RMR provides comprehensive business and property management solutions, investment advisory, and asset management services to a portfolio of publicly traded REITs and real estate operating companies. Its clients include four publicly traded REITs and three distinct real estate operating companies, which benefit from RMR's extensive experience and expertise. The company's business model is centered on turning overlooked assets into outperformance, leveraging a 40-year track record in the real estate sector. RMR's services cover various property types, including office, industrial, retail, healthcare, and multi-family residential. Financially, The RMR Group has demonstrated strong performance with a market capitalization of approximately $620 million, a price-to-earnings ratio of 17, and a dividend yield of 9.3%. The company maintains a robust balance sheet with low debt levels and a healthy current ratio of 1.4. Leadership is under CEO Adam Portnoy, who has been with the firm since 2003 and continues the legacy of his father, Barry Portnoy, the founder. The company went public in December 2015 and has since expanded its service offerings and assets under management. RMR's long-term vision includes growing its real estate platform, exploring new investment strategies, and delivering consistent value to its shareholders and clients. With a strong foundation and a forward-looking approach, The RMR Group remains a key player in the U.S. real estate investment management industry.ExpandCollapse

Founded

1986

Employees

900

CEO

Adam David Portnoy

Full Name

The RMR Group Inc.

Sector

Real Estate

Industry

Real Estate - Services

ROE

8.69%

Market Cap

$0.62B

Current Ratio

1.40

WACC

6.51%

ROIC

13.54%

Contact Information

https://www.rmrgroup.com

617 796 8390

Two Newton Place, Newton, MA 02458-1634

Key Metrics of RMR

Snapshot

Latest / TTM · 6 periods

Market Cap

$624.09M

ROCE

10.0%

EV / EBITDA

9.34x

+3.0% YoY

FCF Yield

15.8%

-11.7% YoY

Cash Conversion Cycle

-110.0d

Current Ratio

1.40

Quick take

TTM —

No major risk flags in selected headline metrics.

Financial Highlights of RMR

Profitability trend

Latest / TTM · 6 periods

Gross Margin

79.6%

Net Margin

3.1%

P/E Ratio

16.99x

n/a

Debt / Equity

0.82

n/a

Current Ratio

1.40

Dividend Yield

9.3%

Understanding

TTM —

No major balance sheet stress in these headline ratios.

Calendar of RMR

Upcoming

Sep 30, 2026In 26 days
FY2026 · Estimated annual results
Est. EPS $0.63 · Revenue $635.00M · 1 analysts
Dec 30, 2026
Q1 FY2027 · Estimated results
Est. EPS $0.18 · Revenue $197.00M · 1 analysts
Mar 30, 2027
Q2 FY2027 · Estimated results
Est. EPS $0.18 · Revenue $158.70M · 1 analysts
Jun 30, 2027
Q3 FY2027 · Estimated results
Est. EPS $0.19 · Revenue $160.10M · 1 analysts

Recent history

Aug 13, 2026
Dividend payment
$1.80 per share
Aug 5, 2026
Q3 FY2026 · Results reported
EPS $0.18 · Revenue $153.51M
View filing
Jul 20, 2026
Ex-dividend date
$1.80 per share
May 6, 2026
Q2 FY2026 · Results reported
EPS $0.05 · Revenue $145.63M
View filing
Feb 4, 2026
Q1 FY2026 · Results reported
EPS $0.71 · Revenue $180.42M
View filing
Nov 12, 2025
FY2025 · Annual results
EPS $1.03 · Revenue $700.28M
View filing

Financial Statements of RMR

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$700.3M	-22.0%	+5.4%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$17.6M	-23.9%	+217.5%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+76.9%	+139.3%	-67.1%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	+6.0%	+19.1%	-3.2%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	+2.5%	-2.5%	+201.2%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$72.1M	+25.4%	-40.0%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	+10.3%	+60.7%	-43.1%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	89.6%	+86.3%	+18.1%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	1.64x	-25.8%	-19.5%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$718.2M	+2.5%	+4.2%

Actual vs Estimate

A Sep 30Q Jun 30

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	1.03 vs 1.12	-8.0%	0.18 vs 0.16	+12.5%
Revenue Surprise	$700.3M vs $754.6M	-7.2%	$153.5M vs $147.6M	+4.0%

Insider Transactions of RMR

Acquisitions (A)

Since Sep 13, 2023

Disposals (D)

Since Sep 13, 2023

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
Sep 16, 2025	Bilotto Christopher J.	officer: Exec. VP of The RMR Group LLC	Class A Common Stock	D	1,983	$17.28
Oct 1, 2023	Bilotto Christopher J.	officer: Exec. VP of The RMR Group LLC	Class A Common Stock	D	0	—
Sep 18, 2023	CLARK JENNIFER B	director, officer: MD, Exec. VP, GC & Secty	Class A Common Stock	D	2,399	$24.99
Sep 18, 2023	MURRAY JOHN G.	officer: Exec. VP of The RMR Group LLC	Class A Common Stock	D	1,588	$24.99
Sep 18, 2023	Francis Jennifer F.	officer: Exec. VP of The RMR Group LLC	Class A Common Stock	D	1,866	$24.99

Earnings Call Transcript of RMR

1 transcript segments

Q3 2026

Unknown Speaker

Operator: Good day, and welcome to the RMR Group Fiscal Third Quarter 26 Earnings Call. All participants will be in listen-only mode. And please note this event is being recorded. I would now like to turn the conference over to Bryan Anthony Maher, Senior Vice President. Please go ahead. Bryan Anthony Maher: Thank you. Good morning. Thank you for joining RMR's fiscal third quarter 26 conference call. With me on today's call are President and CEO, Adam David Portnoy; Chief Operating Officer, Matthew Paul Jordan and Chief Financial Officer, Matthew C. Brown. In just a moment, they will provide details about our business and quarterly results. Followed by a question and answer session. I would also like to note that the recording and retransmission of today's conference call is prohibited without the prior written consent of the company. Today's conference call contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of 2000 and other securities laws. These forward looking statements are based on RMR's beliefs and expectations as of today 08/06/2026, actual results may differ materially from those that we project. The company undertakes no obligation to revise or publicly release the results of any revision to forward looking statements made in today's conference call. Additional information concerning factors that could cause those differences is contained in our filings with the Securities and Exchange Commission. Which can be found on our website at rmrgroup.com. Investors are cautioned not to place undue reliance upon any forward looking statements. In addition, we may discuss non GAAP numbers during this call. Including distributable earnings and adjusted EBITDA. A reconciliation of net income determined in accordance with U. S. Generally accepted accounting principles to these non GAAP figures can be found in our financial results. I will now turn the call over to Adam. Adam David Portnoy: Thanks, Bryan, and thank you all for joining us this morning. Yesterday, we reported third quarter financial results that were in line with our expectations despite broad economic and geopolitical uncertainty. Our quarterly results were highlighted by distributable earnings of $0.48 per share and adjusted EBITDA of $19.7 million Our results continue to reflect the organization's focus on our 2 primary strategic objectives. First, we are focused on driving continued improvements in the share prices of our managed REITs through strong business execution. And second, we are focused on growing our private capital business. While Matt will talk more about private capital, as it relates to our managed REITs, over the past 2 years, we have actively assisted the REITs in deleveraging efforts through strategic asset sales, refinancing debt on more attractive terms and driving property NOI growth through increased occupancy rent roll ups and disciplined expense management. These efforts continue to resonate with the …

Leadership Team of RMR

11 executives

Name	Title	Compensation	Gender	Year Born	Status
Matthew Paul Jordan	MD, Executive VP, COO & Director	USD 2,898,226	Male	1975	Active
Adam David Portnoy	Chief Executive Officer, President, MD & Chairman	USD 2,737,074	Male	1970	Active
Christopher J. Bilotto	Executive Vice President	USD 1,360,179	Male	1978	Active
Jeffrey Leer	Executive Vice President	USD 1,360,179	Male	1980	Active
Matthew C. Brown	Executive Vice President, Chief Financial Officer & Treasurer	—	Male	1982	Active
Mark R. Young	Senior Vice President of RMR Group LLC	—	Male	1963	Active
Annette Fionda	VP & Chief People Officer	—	Female	—	Active
Lindsey A. Getz	Executive VP, General Counsel & Secretary	—	Female	—	Active
Bryan Anthony Maher	Senior Vice President & Head of Investor Relations	—	Male	—	Active
Noah Echols	VP & Chief Marketing Officer	—	Male	—	Active
Brian E. Donley	Senior Vice President of RMR Group LLC	—	Male	1975	Active

Recent News of RMR

Seeking Alpha8/7/2026Neutral

The RMR Group Inc. (RMR) Q3 2026 Earnings Call Transcript

MarketBeat8/7/2026Neutral

The RMR Group Q3 Earnings Call Highlights

The RMR Group NASDAQ: RMR reported fiscal third-quarter 2026 results that met its expectations, with distributable earnings of $0.48 per share and adjusted EBITDA of $19.7 million, as the real estate manager continued to emphasize improving the performance of its managed REITs and expanding its private-capital business.

Business Wire8/5/2026Neutral

The RMR Group Inc. Announces Fiscal Third Quarter 2026 Results

NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group Inc. (Nasdaq: RMR) today announced its financial results for the fiscal quarter ended June 30, 2026, which can be found at the Quarterly Results section of RMR's website at https://www.rmrgroup.com/investors-and-media/financial-information/default.aspx. A conference call to discuss RMR's fiscal third quarter results will be held on Thursday, August 6, 2026 at 11:00 a.m. Eastern Time. The conference call may be accessed by dialing (844) 481-2945 or (.

Defense World8/4/2026Neutral

Head-To-Head Comparison: RLJ Lodging Trust (OTCMKTS:RLJ.PA) & Service Properties Trust (NASDAQ:SVC)

RLJ Lodging Trust (OTCMKTS:RLJ.PA - Get Free Report) and Service Properties Trust (NASDAQ: SVC - Get Free Report) are both real estate companies, but which is the superior investment? We will compare the two businesses based on the strength of their institutional ownership, earnings, dividends, profitability, risk, valuation and analyst recommendations. Insider and Institutional Ownership 77.6%

Defense World7/28/2026Neutral

The RMR Group (NASDAQ:RMR) Stock Price Crosses Below Fifty Day Moving Average – Should You Sell?

Shares of The RMR Group Inc. (NASDAQ: RMR - Get Free Report) passed below its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $20.36 and traded as low as $20.00. The RMR Group shares last traded at $20.35, with a volume of 121,216 shares. Analyst Upgrades

Historical Employee Count of RMR

Current

Minimum

Maximum

600

Recent Filings

Report Date	Employees	Form Type	Filing Date	SEC Filing
Sep 30, 2025	0	10-K	Nov 12, 2025	View
Sep 30, 2024	500	10-K	Nov 12, 2024	View
Sep 30, 2023	600	10-K	Nov 15, 2023	View
Sep 30, 2022	600	10-K	Nov 14, 2022	View
Sep 30, 2021	600	10-K	Nov 15, 2021	View

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The RMR Group Inc.