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The RMR Group Inc. - RMR STOCK NEWS

Welcome to our dedicated page for The RMR Group news (Ticker: RMR), a resource for investors and traders seeking the latest updates and insights on The RMR Group stock.

The RMR Group Inc. (NASDAQ: RMR) operates as a holding company conducting its business through its subsidiary, The RMR Group LLC. Founded in 1986, The RMR Group is a renowned alternative asset management company primarily focusing on real estate and related businesses. As of December 31, 2016, the company managed approximately $27.2 billion in total assets, including over 1,400 properties, and employed more than 450 real estate professionals across more than 30 offices throughout the United States. Collectively, the companies managed by The RMR Group LLC had over 53,000 employees.

Core Business

The RMR Group provides comprehensive management services to four publicly traded real estate investment trusts (REITs), three real estate operating companies, one real estate securities mutual fund, and a commercial real estate finance firm. This extensive portfolio showcases the company's depth in managing diverse real estate assets.

Key Operations

The company's operations are segmented into RMR LLC and All Other Operations. Its revenue streams primarily include business and property management services, along with advisory and other related services.

Recent Achievements and Current Projects

  • Service Properties Trust: Consistent performance and expansion in hospitality and net lease real estate sectors.
  • Office Properties Income Trust: Focused on acquiring, owning, and leasing office spaces, catering to top-tier clients.
  • Diversified Healthcare Trust: Specializing in the acquisition and management of healthcare-related properties, ensuring robust healthcare infrastructure.

Partnerships and Financial Condition

The RMR Group has built strategic partnerships with multiple stakeholders in the real estate sector, enhancing its capability to deliver superior management services. Its substantial asset base and diversified revenue streams underline the company's strong financial position.

For more information on The RMR Group, please visit www.rmrgroup.com.

News

Office Properties Income Trust Reduces Quarterly Dividend to Increase Liquidity and Financial Flexibility Going Forward

Rhea-AI Summary
Office Properties Income Trust (OPI) has announced a reduction in its regular quarterly cash distribution on its common shares to $0.01 per common share, expected to immediately increase liquidity by approximately $47 million per year. This decision was made in response to deteriorating market conditions and is aimed at increasing financial flexibility for future leasing costs, capital expenditures, and debt maturities.
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Service Properties Trust Announces Quarterly Dividend on Common Shares

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Service Properties Trust (SVC) announces a regular quarterly cash distribution of $0.20 per common share ($0.80 per share per year).
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Industrial Logistics Properties Trust Announces Quarterly Dividend on Common Shares

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Industrial Logistics Properties Trust (ILPT) announces a regular quarterly cash distribution of $0.01 per common share ($0.04 per share per year).
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Seven Hills Realty Trust Announces Quarterly Dividend on Common Shares

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Seven Hills Realty Trust (SEVN) declares regular cash distribution of $0.35 per share ($1.40 per share per year)
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The RMR Group Fiscal First Quarter 2024 Conference Call Scheduled for Thursday, February 8th

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The RMR Group (Nasdaq: RMR) will release its fiscal first quarter 2024 financial results after the Nasdaq closes on Wednesday, February 7, 2024. President and CEO will discuss the results on Thursday, February 8, 2024 at 10:00 a.m. Eastern Time.
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Diversified Healthcare Trust Provides Monthly SHOP Performance Update

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Diversified Healthcare Trust (Nasdaq: DHC) provided an update on its Senior Housing Operating Portfolio (SHOP) segment. Monthly results showed a decline in occupancy, resident fees, and net operating income compared to 2019 and October 2023. Year to date results also indicated decreases in occupancy, resident fees, and net operating income. The company's SHOP segment experienced challenges in 2023, impacting its financial performance.
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Diversified Healthcare Trust Closes $941 Million Zero Coupon Senior Secured Notes with a Maturity Date in January 2026, and a One-Year Extension Option

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Diversified Healthcare Trust (Nasdaq: DHC) repaid a $450 million secured credit facility and issued a notice of redemption for $250 million of senior unsecured notes maturing in May 2024. The company also closed an offering of $941 million in senior secured notes due January 2026, generating approximately $750 million in gross proceeds. The net proceeds of around $732 million will be used to repay outstanding debt and for general business purposes. DHC regained compliance with debt incurrence covenants upon closing the offering.
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The RMR Group Completes Acquisition of CARROLL Multifamily Platform

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RMR Group (Nasdaq: RMR) completes acquisition of MPC Partnership Holdings, LLC, doing business as CARROLL, expanding expertise and private capital AUM
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Diversified Healthcare Trust Prices $941 Million Zero Coupon Senior Secured Notes with a Maturity Date of January 15, 2026 and a One-Year Extension Option

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Diversified Healthcare Trust (Nasdaq: DHC) priced an aggregate principal amount of $941 million of senior secured notes due January 2026, with a 12-month extension option. The notes will generate approximately $750 million in gross proceeds and will be used to repay all of DHC’s outstanding debt maturing in 2024, and for general business purposes. The offering is expected to close on December 21, 2023, subject to customary closing conditions.
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Seven Hills Realty Trust Closes $29.0 Million Bridge Loan to Refinance a Hospitality Property in Anaheim, California

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Seven Hills Realty Trust (Nasdaq: SEVN) closed a $29.0 million first mortgage floating rate bridge loan secured by the SunCoast Park Hotel Anaheim, part of the Tapestry Collection by Hilton. The 174-room select service hotel is in Anaheim, California. The loan has a two-year initial term with three one-year extension options. SEVN’s manager, Tremont Realty Capital, was introduced to the transaction by RobertDouglas, which advised SunCoast Properties, the Irvine, California based sponsor.
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FAQ

What is the current stock price of The RMR Group (RMR)?

The current stock price of The RMR Group (RMR) is $22.01 as of November 22, 2024.

What is the market cap of The RMR Group (RMR)?

The market cap of The RMR Group (RMR) is approximately 370.9M.

What does The RMR Group Inc. do?

The RMR Group Inc. is a holding company that provides management services to REITs and real estate-related operating companies.

When was The RMR Group Inc. founded?

The RMR Group Inc. was founded in 1986.

What are the core operations of The RMR Group Inc.?

The core operations include business and property management services, advisory services, and managing REITs and real estate-related businesses.

How significant are The RMR Group's assets under management?

As of December 31, 2016, The RMR Group managed approximately $27.2 billion in total assets.

What types of properties does The RMR Group manage?

The RMR Group manages over 1,400 properties across various real estate sectors including office spaces, healthcare facilities, hospitality, and commercial real estate.

How many employees work under The RMR Group LLC?

The companies managed by The RMR Group LLC collectively employed over 53,000 people.

Where is The RMR Group headquartered?

The RMR Group operates through more than 30 offices located throughout the United States.

What is The RMR Group's revenue model?

The RMR Group derives its revenue from business and property management services, as well as advisory and other related services.

Which publicly traded REITs does The RMR Group manage?

The RMR Group manages four publicly traded REITs including Service Properties Trust and Office Properties Income Trust.

Where can I find more information about The RMR Group?

More information can be found on their official website: www.rmrgroup.com.

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The RMR Group Inc.

Nasdaq:RMR

RMR Rankings

#3366 Ranked by Market Cap
#284 Ranked by Dividends

RMR Stock Data

370.92M
15.23M
3.25%
78.52%
1.26%
Real Estate Services
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