RMR Group Inc Stock Price, News & Analysis

Diversified Healthcare Trust (Nasdaq: DHC) has announced an amendment to its revolving credit facility, extending the maturity date to January 2024. Key changes include:

• Extension of waivers for certain financial covenants until December 31, 2022.
• Increased ability to fund capital expenditures from $350 million to $400 million.
• Reduction of revolving credit facility commitments from $800 million to $700 million, with a further decrease to $586 million in January 2023.
• Interest rate premium raised by 15 basis points.

Seven Hills Realty Trust (Nasdaq: SEVN) reported record loan originations of $165 million and a net income per share of $1.42 for the fourth quarter of 2021. Adjusted Distributable Earnings per share was $0.21. The company declared a 67% increase in its quarterly distribution to $0.25 per share, supported by $650 million in total loan commitments. SEVN also closed a $100 million financing facility with BMO Harris Bank, enhancing its investment capabilities. Overall, the results reflect strong operational performance and a positive outlook for growth.

Office Properties Income Trust (OPI) reported a fourth-quarter 2021 net income of $16.9 million ($0.35 per share) compared to a net loss of $1.7 million in Q4 2020. Normalized FFO was $58.1 million ($1.20 per share), down from $61.8 million a year earlier. The company leased 702,000 square feet with a 4.0% rent increase, and occupancy rose to 91.2%. Key metrics included the sale of nine properties for over $250 million and acquisitions totaling $550 million. OPI ended the quarter with over $830 million in liquidity, positioning for further growth in 2022.

DHC has announced a joint venture worth $703 million involving 10 properties in its Office Portfolio, acquiring around $653 million in cash proceeds while maintaining a 20% equity stake. The properties, with a total area of 1.1 million square feet, were sold at $657 per square foot, resulting in an expected gain on sale of about $320 million. The funding will be used for capital expenditures and debt reduction. This venture is managed by The RMR Group, reinforcing DHC's operational liquidity.

The RMR Group reported strong financial results for the first fiscal quarter of 2022, ending December 31, with a net income of $18.3 million or $0.49 per diluted share. Adjusted net income increased to $0.46 per diluted share, a 12% rise from last year. The company’s total assets under management (AUM) grew to $33.4 billion, supported by an 11% uptick in management revenues, reaching $46.0 million. Growth was driven by higher equity values and expansion of managed private capital, which reached $3.2 billion.

Service Properties Trust (Nasdaq: SVC) announced it will release its Q4 2021 results after Nasdaq closes on February 24, 2022. A conference call will be held on February 25, 2022, at 10:00 a.m. ET, featuring CEO John Murray, CFO Brian Donley, and CIO Todd Hargreaves.

Service Properties Trust is a real estate investment trust with over $12 billion in assets, including more than 300 hotels and nearly 800 retail properties. The company is managed by The RMR Group (Nasdaq: RMR).

Diversified Healthcare Trust (Nasdaq: DHC) will release its fourth quarter 2021 financial results on February 23, 2022, after market close. A conference call hosted by CEO Jennifer Francis and CFO Richard Siedel is scheduled for February 24, 2022, at 10:00 a.m. ET. Participants can join via a designated phone number or listen online through the company website. DHC focuses on high-quality healthcare properties across the U.S., with a portfolio worth over $7.0 billion, including 390 properties and nearly 28,000 senior living units.

Seven Hills Realty Trust (Nasdaq: SEVN) announced it will release its fourth quarter 2021 financial results on February 17, 2022. A conference call featuring President Tom Lorenzini and CFO Doug Lanois will follow on February 18, 2022, at 10:00 a.m. ET. Investors can participate by calling (877) 270-2148 in the U.S. or (412) 902-6510 internationally. The call will also be available via live audio webcast on the company’s website, with replay access until February 25, 2022.

Office Properties Income Trust (Nasdaq: OPI) will release its fourth quarter 2021 financial results on February 16, 2022, post-Nasdaq closure. A conference call hosted by President Christopher Bilotto and CFO Matthew Brown is set for February 17, 2022, at 10:00 a.m. ET. OPI, owning over 170 properties with 23 million square feet across 33 states and Washington, D.C., generates more than 63% of its revenues from investment-grade tenants. Recognized as an Energy Star® Partner of the Year and Green Lease Leader, OPI is managed by the RMR Group Inc.