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The RMR Group Inc.

The RMR Group Inc.

NASDAQ•RMR
CEO: Mr. Adam David Portnoy
Sector: Real Estate
Industry: Real Estate - Services
Listing Date: 2015-12-14
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, two 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 is headquartered in Newton, Massachusetts.
Contact Information
Two Newton Place, Suite 300 255 Washington Street, Newton, MA, 02458-1634, United States
617-796-8230
www.rmrgroup.com
Market Cap
$524.89M
P/E (TTM)
14.1
227.6
Dividend Yield
10.9%
52W High
$20.03
52W Low
$13.48
52W Range
46%
Rank28Top 16.1%
5.3
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$154.73M-24.70%
4-Quarter Trend

EPS

$0.25-13.79%
4-Quarter Trend

FCF

$21.68M-30.74%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Total Revenue Fell 22.0% Total revenues were $700.3M in 2025, a decrease of $197.3M compared to $897.6M reported in 2024.
Operating Cash Flow Increased Net cash provided by operating activities rose to $75.7M in 2025, up from $61.4M in the prior fiscal year.
RMR Net Income Decreased Net income attributable to The RMR Group Inc. totaled $17.6M, reflecting a 23.9% decrease from $23.1M in 2024.

Risk Factors

Revenue Highly Client Dependent Revenues from Managed Equity REITs comprised 68.0% of total advisory revenue in 2025, posing concentration risk.
OPI Chapter 11 Filing OPI commenced Chapter 11 on October 30, 2025; new agreements may materially reduce management fee revenue from OPI.
AlerisLife Management Fees Ending AlerisLife expects to sell assets and wind down by June 2026, meaning RMR will likely cease receiving management fees.

Outlook

Strategy Focus Private Capital Strategy centers on expanding Private Capital AUM, including launching the TRMT Private Credit Fund in July 2024.
Liquidity Supports Capital Allocation Liquidity is sufficient to pursue capital allocation strategies, fund operations, and enhance technology infrastructure over next twelve months.
Zero Emissions Commitment Progress Committed to net zero by 2050; achieved 31% overall emissions reduction against 2019 baseline to date.

Peer Comparison

Revenue (TTM)

The RMR Group Inc.RMR
$753.59M
-17.0%
Claros Mortgage Trust, Inc.CMTG
$349.16M
+46.9%
Five Point Holdings, LLCFPH
$193.90M
-1.5%

Gross Margin (Latest Quarter)

Claros Mortgage Trust, Inc.CMTG
49.0%
+70.4pp
Five Point Holdings, LLCFPH
47.5%
-20.3pp
The RMR Group Inc.RMR
42.7%
+29.6pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
RMR$524.89M14.18.3%17.9%
FRPH$460.11M98.51.1%25.3%
CMTG$409.44M-1.1-19.9%26.8%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-10.1%
Growth Under Pressure
4Q Net Income CAGR
-7.8%
Declining Profitability
Cash Flow Stability
75%
Volatile Cash Flow

Research & Insights

Next earnings:Feb 4, 2026
|
EPS:$0.26
|
Revenue:$190.55M
Reports
All Years

  • Form 10-K - FY 2025

    Period End: Sep 30, 2025|Filed: Nov 12, 2025|
    Revenue: $700.28M-22.0%
    |
    EPS: $1.03-25.4%
    Beat

  • Form 10-Q - Q3 2025

    Period End: Jun 30, 2025|Filed: Aug 5, 2025|
    Revenue: $154.73M-24.7%
    |
    EPS: $0.25-13.8%
    Miss

  • Form 10-Q - Q2 2025

    Period End: Mar 31, 2025|Filed: May 6, 2025|
    Revenue: $166.67M-23.5%
    |
    EPS: $0.21-40.0%
    Miss

  • Form 10-Q - Q1 2025

    Period End: Dec 31, 2024|Filed: Feb 5, 2025|
    Revenue: $219.48M-16.1%
    |
    EPS: $0.38-9.5%
    Miss

  • Form 10-K - FY 2024

    Period End: Sep 30, 2024|Filed: Nov 12, 2024|
    Revenue: $897.61M-6.7%
    |
    EPS: $1.38-59.9%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Jun 30, 2024|Filed: Aug 1, 2024|
    Revenue: $205.48M-26.7%
    |
    EPS: $0.29-80.4%
    Miss

  • Form 10-Q - Q2 2024

    Period End: Mar 31, 2024|Filed: May 7, 2024|
    Revenue: $217.75M+4.5%
    |
    EPS: $0.35-86.1%
    Miss

  • Form 10-Q - Q1 2024

    Period End: Dec 31, 2023|Filed: Feb 7, 2024|
    Revenue: $261.67M+4.4%
    |
    EPS: $0.42-51.7%
    Meet