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.
Diversified Healthcare Trust (Nasdaq: DHC) has declared a regular quarterly cash dividend of $0.01 per common share, totaling $0.04 annually.
The dividend will be distributed to shareholders of record as of July 22, 2024, with payments expected around August 15, 2024.
This announcement reflects the company's continued strategy to return value to its shareholders.
The RMR Group announced a regular quarterly cash dividend of $0.45 per share for its Class A and Class B-1 Common Stock. This equates to an annual dividend of $1.80 per share. Shareholders on record by July 22, 2024, will receive the dividend on or around August 15, 2024. This consistent payout reflects RMR's commitment to returning value to its shareholders.
The RMR Group (Nasdaq: RMR) has announced it will release its fiscal third quarter 2024 financial results after the Nasdaq closes on Thursday, August 1, 2024.
A conference call to discuss these results will be hosted by President and CEO Adam Portnoy and CFO Matt Jordan on Friday, August 2, 2024, at 10:00 a.m. Eastern Time.
Participants can join the call by dialing (877) 270-2148 or (412) 902-6510 for international callers. No pass code is required. A replay will be available until August 9, 2024, by dialing (877) 344-7529 with pass code 7801183.
The call will also be webcast live on the company's website and available for replay later.
Diversified Healthcare Trust (Nasdaq: DHC) will release its second quarter 2024 financial results after the Nasdaq closes on August 1, 2024. A conference call, hosted by President and CEO Christopher Bilotto and CFO Matt Brown, is scheduled for August 2, 2024, at 1:00 p.m. Eastern Time. The call will discuss the financial results and can be accessed by dialing (877) 329-4297 or (412) 317-5435 for international callers. No passcode is required. A replay will be available until August 9, 2024, by dialing (877) 344-7529 with passcode 7789230. A live audio webcast will also be available on DHC's website.
Service Properties Trust (Nasdaq: SVC) will release its second quarter 2024 financial results on Tuesday, August 6, 2024, after the Nasdaq closes. A conference call to discuss these results is scheduled for Wednesday, August 7, 2024, at 10:00 a.m. Eastern Time. The call will be hosted by President and CIO Todd Hargreaves, CFO and Treasurer Brian Donley, and VP Jesse Abair. Participants in the U.S. and Canada can dial (877) 329-3720, while international participants should dial (412) 317-5434. No passcode is required. A replay will be available until August 14, 2024, by dialing (412) 317-0088 with the passcode 9597794. A live audio webcast will also be available on the company's website, with the archived webcast accessible post-call.
Tremont Realty Capital has closed a $40 million first mortgage loan to refinance the SpringHill Suites by Marriott Boston Logan Airport Revere Beach hotel. The hotel, located at 400 Ocean Avenue in Revere, Massachusetts, features 168 rooms and easy access to downtown Boston via the MBTA Wonderland Station. The loan has an initial term of two years, with three one-year extension options, contingent on the borrower meeting certain criteria. The transaction was facilitated by HREC Investment Advisors, with funding from The RMR Group. According to Tom Lorenzini, Senior VP of Tremont Realty Capital, this deal underscores Tremont's capacity to secure financing in a challenging market and hints at a robust investment pipeline for 2024.
Office Properties Income Trust (OPI) will release its Q2 2024 financial results on July 31, 2024, after the Nasdaq market close. The company will host a conference call on August 1, 2024, at 10:00 a.m. Eastern Time to discuss the results. The call will be led by President and COO Yael Duffy, along with CFO and Treasurer Brian Donley. Participants in the US can dial (877) 328-1172, and international participants can use (412) 317-5418. A replay will be available until August 8, 2024. The live audio webcast and replay can be accessed on www.opireit.com.
Industrial Logistics Properties Trust (Nasdaq: ILPT) announced it will release its Q2 2024 financial results after the Nasdaq closes on July 30, 2024. A conference call to discuss these results will be held on July 31, 2024, at 10:00 a.m. Eastern Time, led by President and COO Yael Duffy, CFO Tiffany Sy, and VP Marc Krohn. The call is accessible via (877) 418-4826 for US and Canada participants or (412) 902-6758 for international callers, with no pass code required. Participants should dial in 15 minutes early. A replay will be available until 11:59 p.m. on August 7, 2024, by dialing (412) 317-0088 with pass code 4118140. A live and archived audio webcast will be available on the company’s website, www.ilptreit.com.
Seven Hills Realty Trust (Nasdaq: SEVN) has closed a $23.8 million first mortgage floating rate loan to recapitalize a newly constructed, 80,000 square foot self-storage facility at 2515 S Broadway, Los Angeles, CA. The Extra Space Storage branded property is situated near the University of Southern California's main campus. The loan has a three-year initial term with two one-year extension options, subject to meeting certain requirements. SEVN’s manager, Tremont Realty Capital, facilitated the transaction through JLL, advising Staley Point Capital. Tom Lorenzini, SEVN's President and Chief Investment Officer, emphasized that this loan expands SEVN’s portfolio into the self-storage sector in a supply-constrained market, aiming to generate attractive, risk-adjusted returns for shareholders.
Seven Hills Realty Trust (Nasdaq: SEVN) will release its second quarter 2024 financial results after the market closes on Monday, July 29, 2024. The following day, July 30, 2024, at 11:00 a.m. ET, President and Chief Investment Officer Tom Lorenzini, CFO Fernando Diaz, and VP Jared Lewis will host a conference call to discuss the results. The call can be accessed by dialing (866) 739-7850 or (412) 317-6592 for international participants. No pass code is required. A replay will be available until August 6, 2024, by dialing (412) 317-0088 with pass code 5505857. A live audio webcast and replay will also be accessible on the company’s website, www.sevnreit.com.
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