Welcome to our dedicated page for RMR Group news (Ticker: RMR), a resource for investors and traders seeking the latest updates and insights on RMR Group stock.
The RMR Group Inc. (Nasdaq: RMR) is a U.S. alternative asset management company focused on residential and commercial real estate and related businesses. News about RMR often centers on its role as manager of multiple publicly traded REITs and its own corporate and financial developments.
On this page, readers can follow RMR stock news and updates related to its management activities, including announcements of quarterly dividends on RMR’s Class A and Class B-1 common shares and incentive business management fees earned from client companies. Recent releases have highlighted incentive fees earned from Diversified Healthcare Trust and Industrial Logistics Properties Trust, reflecting performance-based elements of RMR’s management arrangements.
Because RMR manages several REITs, its news flow is closely connected to developments at those client entities. Press releases from Diversified Healthcare Trust, Industrial Logistics Properties Trust and Service Properties Trust explicitly state that they are managed by The RMR Group, and their business updates, capital recycling programs, portfolio changes and dividend announcements are often referenced alongside RMR’s role as manager.
Investors and observers can also find information about RMR’s executive appointments, conference calls to discuss quarterly results and its involvement in restructuring-related agreements for managed REITs, as disclosed in Form 8-K filings. By monitoring this news feed, users can track how The RMR Group’s asset management activities, fee structures and client relationships evolve over time within the broader real estate sector.
The RMR Group (Nasdaq: RMR) has announced its fiscal fourth quarter 2024 financial results release schedule. The company will issue a press release after the Nasdaq closes on Tuesday, November 12, 2024. A conference call to discuss these results is scheduled for Wednesday, November 13, 2024, at 10:00 a.m. Eastern Time.
The call will be hosted by President and CEO Adam Portnoy and CFO Matt Jordan. Participants can dial (844) 481-2945 from the US and Canada, or (412) 317-1868 from other countries. No pass code is required. A replay will be available until November 20, 2024, at (877) 344-7529 with pass code 4257057.
Additionally, a live audio webcast will be accessible on the company's website at www.rmrgroup.com, with an archived version available for replay after the call.
Service Properties Trust (Nasdaq: SVC) has announced its upcoming third quarter 2024 financial results release and conference call schedule. The company will issue a press release with Q3 2024 results after the Nasdaq closes on Wednesday, November 6, 2024. A conference call to discuss these results is scheduled for Thursday, November 7, 2024, at 10:00 a.m. Eastern Time.
The call will be hosted by President and Chief Investment Officer Todd Hargreaves, CFO and Treasurer Brian Donley, and Vice President Jesse Abair. Investors can access the call via phone or a live audio webcast on the company's website. A replay of the call will be available until November 14, 2024, and the webcast will be archived on SVC's website for later access.
Diversified Healthcare Trust (Nasdaq: DHC) has announced its upcoming third quarter 2024 financial results release and conference call schedule. The company will issue a press release with the financial results after the Nasdaq closes on Monday, November 4, 2024. A conference call to discuss these results is scheduled for Tuesday, November 5, 2024, at 10:00 a.m. Eastern Time.
The call will be hosted by President and CEO Christopher Bilotto and CFO and Treasurer Matt Brown. Investors can access the call via phone or through a live audio webcast on the company's website. A replay of the conference call will be available until November 12, 2024, and the webcast will be archived on DHC's website for later access.
Office Properties Income Trust (Nasdaq: OPI) has announced its schedule for the Third Quarter 2024 Conference Call. The company will release its financial results after the Nasdaq closes on Wednesday, October 30, 2024. The conference call is set for Thursday, October 31, 2024, at 10:00 a.m. Eastern Time.
President and COO Yael Duffy and CFO Brian Donley will host the call. Participants can dial (877) 328-1172 from the US and Canada, or (412) 317-5418 from other locations. No pass code is required. A replay will be available until November 7, 2024, at (877) 344-7529 with pass code 2324173. A live audio webcast will also be accessible on the company's website at www.opireit.com.
Industrial Logistics Properties Trust (Nasdaq: ILPT) has announced its schedule for the third quarter 2024 financial results release and conference call. The company will issue a press release with its Q3 2024 financial results after the Nasdaq closes on Tuesday, October 29, 2024. A conference call to discuss these results will be held on Wednesday, October 30, 2024, at 10:00 a.m. Eastern Time.
The call will be hosted by President and COO Yael Duffy, CFO and Treasurer Tiffany Sy, and VP Marc Krohn. Investors can dial (877) 418-4826 from the US and Canada, or (412) 902-6758 from other countries to participate. No pass code is required. A replay will be available until November 6, 2024, at (877) 344-7529 with the pass code 4340081. Additionally, a live audio webcast will be accessible on the company's website at www.ilptreit.com.
Seven Hills Realty Trust (Nasdaq: SEVN) has announced its schedule for the third quarter 2024 financial results release and conference call. The company will issue a press release with the results after the Nasdaq closes on Monday, October 28, 2024. A conference call to discuss these results is scheduled for Tuesday, October 29, 2024, at 11:00 a.m. Eastern Time.
The call will be hosted by President and Chief Investment Officer Tom Lorenzini, CFO and Treasurer Fernando Diaz, and VP Jared Lewis. Investors can access the call via phone or a live audio webcast on the company's website. A replay of the call will be available until November 5, 2024, through both phone and web platforms.
Diversified Healthcare Trust (Nasdaq: DHC) has announced a $135 million sale of 18 triple net leased senior living communities to Brookdale Senior Living Inc. (NYSE: BKD). The properties, comprising 876 units across 10 states, have been leased and operated by Brookdale since 2003. The sale price equates to $154,000 per unit, reflecting a 7.3% in-place cap rate on the lease's annualized income.
DHC plans to use the proceeds to pay down its $941 million senior secured notes due January 2026. The transaction, expected to close in Q4 2024, is part of DHC's strategy to optimize its portfolio and enhance liquidity. The communities primarily serve assisted living and memory care residents, with properties located in Arizona, Colorado, Florida, Indiana, Michigan, Minnesota, North Carolina, Pennsylvania, South Carolina, and Tennessee.
Seven Hills Realty Trust (Nasdaq: SEVN) has closed a $16.0 million first mortgage floating rate bridge loan for the Home2 Suites by Hilton Lake Mary Orlando, a 123-room extended-stay hotel in Lake Mary, Florida. The loan has a three-year initial term with two one-year extension options. This transaction demonstrates SEVN's ability to close deals in a competitive market while diversifying its portfolio with a premium hotel asset.
The property is strategically located within the Lake Mary Wellness and Technology Park, approximately 15 miles north of Downtown Orlando and 30 miles from Disney World. SEVN's manager, Tremont Realty Capital, was introduced to the deal by Highgate, a repeat borrower. SEVN aims to expand its presence across key asset classes and generate attractive risk-adjusted returns for shareholders.
The RMR Group (Nasdaq: RMR) has announced the early renewal of Vertex Pharmaceuticals' lease for 1.1 million square feet of office and laboratory space in Boston's Seaport District. The lease, which originally expired in December 2028, has been extended for approximately 15 years, through June 2044. This extension covers two properties: 50 Northern Avenue and 11 Fan Pier Boulevard.
Adam Portnoy, President and CEO of RMR, stated that this extension demonstrates the successful execution of RMR's strategy to create value for clients. The properties are owned by a joint venture, with RMR providing asset and property management services. Diversified Healthcare Trust (Nasdaq: DHC), an RMR client, owns a 10% equity interest in this joint venture.
Service Properties Trust (Nasdaq: SVC) has released its financial results for the second quarter of 2024. The company, a real estate investment trust, has over $11 billion invested in hotels and service-focused retail net lease properties. As of June 30, 2024, SVC owned 220 hotels with over 37,000 guest rooms across the United States, Puerto Rico, and Canada, as well as 749 service-focused retail net lease properties covering over 13.3 million square feet in the U.S.
SVC is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with over $41 billion in assets under management. The company will hold a conference call on August 7, 2024, at 10:00 a.m. Eastern Time to discuss the Q2 results. Investors can access detailed financial information on the company's website.
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