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.
Service Properties Trust (Nasdaq: SVC) announced participation at the 22nd Annual B. Riley Securities Institutional Investor Conference in Los Angeles, CA, on May 25, 2022. President Todd Hargreaves and CFO Brian Donley will meet with investors to discuss SVC's operations and strategies. SVC, a leading real estate investment trust, manages over $12 billion in assets, owning 298 hotels with more than 47,000 guest rooms, and nearly 800 retail properties totaling over 13.5 million square feet across the U.S., Puerto Rico, and Canada.
Service Properties Trust (Nasdaq: SVC) has successfully sold 42 Sonesta branded hotels, totaling 6,348 keys, for nearly $400 million. An additional 22 hotels, comprising 1,781 keys, are under purchase agreements expected to close in Q2 2022 for approximately $141 million. This initiative aims to enhance SVC's lodging portfolio quality and liquidity. However, the company acknowledges risks associated with finalizing these sales at expected prices and timelines.
Service Properties Trust (Nasdaq: SVC) has announced the early redemption of $500 million in outstanding 5.000% Senior Notes due August 2022. The redemption, expected to occur around June 30, 2022, will be funded using the company's cash on hand. SVC, which is a real estate investment trust with over $12 billion in investments, owns 298 hotels and nearly 800 retail properties across the U.S., Puerto Rico, and Canada, managed by The RMR Group.
Service Properties Trust (Nasdaq: SVC) will hold an Investor Day on May 23, 2022, at 4:00 p.m. Eastern Time in Chicago. The event will involve presentations from SVC and Sonesta International Hotels, concluding with a Q&A session. A live webcast and supporting materials will be available on SVC’s website. With over $12 billion in investments, SVC operates 298 hotels and nearly 800 retail properties across the U.S., Puerto Rico, and Canada. The RMR Group manages SVC, which boasts more than $37 billion in assets under management.
The RMR Group Inc. (Nasdaq: RMR) reported a net income of $14.6 million, or $0.39 per diluted share, for the fiscal quarter ended March 31, 2022, marking a 30% increase year-over-year. Adjusted net income reached $8.2 million, or $0.50 per diluted share, reflecting a 35% growth. Total assets under management (AUM) surged to $37.7 billion, including a notable rise in managed private real estate capital AUM to $3.9 billion. Management and advisory services revenue increased 17% to $49.3 million, primarily due to the acquisition of Monmouth Real Estate Investment Corporation and a joint venture worth $703 million.
Service Properties Trust (SVC) reported a net loss of $(119.8) million or $(0.73) per share for Q1 2022, an improvement from $(195.0) million or $(1.19) per share in Q1 2021. Normalized FFO was $(3.4) million, improving from $(42.0) million a year earlier. Adjusted EBITDAre increased 85.1% to $90.1 million. Comparable RevPAR showed a marked recovery from 37.3% below 2019 levels in January to 25.7% in March 2022. The company has executed hotel sales valued at $539.3 million, enhancing liquidity as it navigates upcoming debt maturities.
Diversified Healthcare Trust (Nasdaq: DHC) reported its Q1 2022 financial results, with net income of $240.4 million ($1.01 per share) and normalized FFO of $(21.9) million ($(0.09) per share). The company achieved a $327.5 million gain from a joint venture involving 10 Office Portfolio properties, adding $653 million in cash. Occupancy improved in the SHOP segment, reaching 73.0%. However, the Office Portfolio experienced declining occupancy rates, and DHC's liquidity ratio fell below the 1.5x requirement for incurring new debt. Cash and equivalents totaled approximately $1.5 billion.
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