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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.

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The RMR Group Inc. (Nasdaq: RMR) has announced a quarterly cash distribution of $0.40 per share ($1.60 annually) for its Class A Common Stock and Class B-1 Common Stock. This distribution will benefit shareholders of record by October 24, 2022, with payments scheduled for November 17, 2022. RMR manages over $37 billion in assets and boasts a team of approximately 600 professionals across the U.S.

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Service Properties Trust (Nasdaq: SVC) has declared a quarterly cash dividend of $0.20 per share, equivalent to $0.80 annually, reflecting a modest 37% payout ratio based on Q2 2022's normalized funds from operations. The dividend will be paid to shareholders of record as of October 24, 2022, with distribution on or about November 17, 2022. After the dividend payment, SVC anticipates maintaining over $750 million of liquidity, exceeding immediate obligations, and positioning the company for future dividend growth.

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Service Properties Trust (Nasdaq: SVC) will release its third quarter 2022 results on November 3, 2022, after Nasdaq market close. A conference call led by President Todd Hargreaves and CFO Brian Donley is scheduled for November 4, 2022, at 10:00 a.m. ET. The call can be accessed at (877) 329-3720 or (412) 317-5434 for international participants. SVC, a real estate investment trust, has over $11 billion in assets, including 247 hotels and 775 retail properties across the U.S., Puerto Rico, and Canada. More details can be found on their website.

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Diversified Healthcare Trust (Nasdaq: DHC) will release its third quarter 2022 financial results after market close on November 2, 2022. A conference call led by President Jennifer Francis and CFO Richard Siedel will be held on November 3, 2022, at 10:00 a.m. ET. Participants can join via a dedicated telephone line or listen online. DHC, a real estate investment trust with a $6.9 billion portfolio, operates 378 properties across 36 states, focusing on high-quality healthcare assets. The company is managed by The RMR Group (Nasdaq: RMR), overseeing assets worth over $37 billion.

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Service Properties Trust (Nasdaq: SVC) has announced an amendment to its revolving credit facility, extending the maturity date to July 2023. Key changes include maintaining a minimum liquidity of $600 million until the repayment of $500 million in senior notes due in June 2023, and the lifting of restrictions on common dividend payments. CFO Brian Donley noted that these amendments enhance financial flexibility and reflect improvements in the hotel portfolio's performance.

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Office Properties Income Trust (Nasdaq: OPI) will announce its third quarter 2022 financial results on Thursday, October 27, 2022, after market close. A conference call, hosted by President Christopher Bilotto and CFO Matthew Brown, is scheduled for Friday, October 28, 2022, at 10:00 a.m. Eastern Time. Participants can join via phone or listen to a live audio webcast on the company's website. OPI focuses on leasing office properties primarily to high-credit-quality tenants, with 63% of revenues coming from investment-grade-rated tenants as of June 30, 2022.

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Service Properties Trust (Nasdaq: SVC) has entered a purchase agreement to sell 16 Marriott-branded hotels for $137.3 million, expected to close in Q4 2022. Alongside this, SVC has sold 61 out of 68 marketed Sonesta-branded hotels for $523.1 million, with 6 additional hotels under agreement for $34.2 million. Proceeds will be used for general corporate purposes, including debt repayment.

As of June 30, 2022, SVC manages assets worth over $11 billion across hotels and retail properties.

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Seven Hills Realty Trust (Nasdaq: SEVN) will release its Q3 2022 financial results on October 26, 2022, post-market. A call led by President Tom Lorenzini and CFO Tiffany Sy is scheduled for October 27, 2022, at 11:00 a.m. ET. Call-in numbers are (866) 739-7850 for U.S. and (412) 317-6592 for international participants. A replay will be available until November 3, 2022. The company specializes in first mortgage loans for middle-market and transitional commercial real estate and is managed by Tremont Realty Capital, affiliated with The RMR Group.

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Industrial Logistics Properties Trust (Nasdaq: ILPT) will release its third quarter 2022 financial results on October 25, 2022, after market close. A conference call will follow on October 26, 2022, at 10:00 a.m. ET, hosted by President Yael Duffy and CFO Brian Donley. The call can be accessed at (877) 418-4826, with an international number of (412) 902-6758. A replay will be available until November 2, 2022, at 11:59 p.m. ET. ILPT focuses on high-quality distribution properties, managing a portfolio of 412 properties across 39 states.

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Industrial Logistics Properties Trust (Nasdaq: ILPT) closed a $1.235 billion debt financing, securing 104 industrial properties across 31 states.

With a maturity date of October 9, 2027, the financing facilitated the repayment of a $1.385 billion bridge loan due in February 2023. The new debt is structured as interest-only loans with a total weighted average interest rate of SOFR plus 3.93%. ILPT's properties are 96.8% occupied, demonstrating stability in its portfolio, and management highlights plans to strengthen its balance sheet in the future.

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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.

The RMR Group Inc.

Nasdaq:RMR

RMR Rankings

RMR Stock Data

370.92M
15.23M
3.25%
78.52%
1.26%
Real Estate Services
Services-management Consulting Services
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United States of America
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