The RMR Group Announces Quarterly Dividend on Common Shares

Rhea-AI Summary

The RMR Group has announced a quarterly cash distribution of $0.40 per share for its Class A Common Stock and Class B-1 Common Stock, equating to an annualized amount of $1.60 per share. This distribution will be paid to shareholders of record as of April 24, 2023, with an expected payment date of May 18, 2023. RMR, focused on alternative asset management with significant expertise in commercial real estate, manages over $37 billion in assets through a strong team of approximately 600 professionals across more than 30 offices nationwide. Established in 1986 and headquartered in Newton, MA, RMR emphasizes its commitment to providing value to its shareholders through consistent dividend payments.

Positive

• Quarterly cash distribution of $0.40 per share reflects company confidence.
• Annualized dividend of $1.60 per share provides income assurance for shareholders.
• Strong asset management capability with $37 billion managed.

Negative

• Future dividend rates may fluctuate based on factors like earnings and cash availability.

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 $0.40 per share ($1.60 per share per year). This distribution will be paid to RMR’s shareholders of record as of the close of business on April 24, 2023 and distributed on or about May 18, 2023.

About The RMR Group

The RMR Group is a leading U.S. alternative asset management company, unique for its focus on commercial real estate (CRE) and related businesses. RMR’s vertical integration is supported by approximately 600 real estate professionals in more than 30 offices nationwide who manage over $37 billion in assets under management and leverage more than 35 years of institutional experience in buying, selling, financing and operating CRE. RMR benefits from a scalable platform, a deep and experienced management team and a diversity of direct real estate strategies across its clients. RMR is headquartered in Newton, MA and was founded in 1986. For more information, please visit www.rmrgroup.com.

WARNING REGARDING FORWARD LOOKING STATEMENTS

This press release contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. These forward looking statements are based upon RMR’s present beliefs and expectations, but these statements and the implications of these statements are not guaranteed to occur and may not occur for various reasons, some of which are beyond RMR’s control.

For example, this press release states that RMR’s quarterly dividend will be $0.40 per share ($1.60/share per year) on RMR Class A Common Stock and Class B-1 Common Stock. A possible implication of this statement is that RMR will continuously pay quarterly dividends of $0.40/share per quarter or $1.60/share per year in the future. RMR’s dividend rates are set and reset from time to time by RMR’s Board of Directors. The RMR Board of Directors considers many factors when setting dividend rates including RMR’s current and expected earnings, commitments to fund its investments and the availability of cash to fund dividends as compared to alternative uses of such cash. Accordingly, future dividend rates may be increased or decreased and there is no assurance as to the rate at which future dividends will be declared and paid.

For these reasons, among others, investors are cautioned not to place undue reliance upon any forward looking statements in this press release. Except as required by law, RMR does not intend to update or change any forward looking statements as a result of new information, future events, or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230412005770/en/

Melissa McCarthy, Manager, Investor Relations

(617) 796-8230

Source: The RMR Group Inc.

FAQ

What is the recent dividend distribution for RMR?

RMR announced a quarterly cash distribution of $0.40 per share.

When will the RMR dividend be paid?

The dividend will be distributed on or about May 18, 2023.

What is the annual dividend amount for RMR shareholders?

The annualized dividend amount is $1.60 per share.

Who is eligible for the RMR dividend?

Shareholders of record as of April 24, 2023, are eligible for the dividend.

Are RMR's dividends sustainable?

Future dividend rates may vary based on company earnings and cash availability.