RMR Group Inc Stock Price, News & Analysis

The RMR Group Inc. (Nasdaq: RMR) has announced a quarterly cash dividend of $0.38 per share ($1.52 annually) for its Class A Common Stock and Class B-1 Common Stock. This dividend will be paid to shareholders recorded by the close of business on July 26, 2021, with distribution occurring around August 19, 2021. RMR, a leader in alternative asset management focusing on commercial real estate, manages approximately $32 billion in assets with over 600 professionals across more than 30 offices.

The RMR Group Inc. (Nasdaq: RMR) will release its third quarter 2021 financial results after market close on August 5, 2021. A conference call featuring CEO Adam Portnoy and CFO Matt Jordan is scheduled for August 6, 2021, at 1:00 p.m. ET. Participants can join the call by dialing (877) 329-4297 or (412) 317-5435 from outside the U.S. A live audio webcast will be available on the company’s website. RMR is a prominent U.S. alternative asset management company focused on commercial real estate, managing approximately $32 billion in assets with a team of over 600 professionals.

The RMR Group (Nasdaq: RMR) has completed the redevelopment of Muse at Torrey Pines, a 186,000 square foot life science facility in San Diego. The campus is currently 85% leased, featuring tenants like Surgalign Spine Technologies and Organogenesis Inc. Muse is designed to meet the growing demand for lab space in the area, providing modern amenities and outdoor connectivity. The project significantly increases leasing opportunities in one of the nation’s leading life science hubs.

The RMR Group Inc. (Nasdaq: RMR) announced the execution of 79 new and renewal leases totaling approximately 3.4 million square feet from January to March 2021. This includes 32 new leases of around 480,000 square feet and 47 renewals exceeding 2.9 million square feet. The weighted average lease term is about nine years. With nearly 1,300 properties under management, RMR specializes in commercial real estate and manages approximately $32 billion in assets.

The RMR Group Inc. (Nasdaq: RMR) reported its financial results for the fiscal quarter ending March 31, 2021. The company generated total management and advisory services revenues of $42.0 million, a decline from $44.1 million in the same quarter of 2020. Despite this, RMR noted its third consecutive quarter of revenue growth since early pandemic lows, primarily driven by its Managed Equity REITs. The company holds $376 million in cash with no debt, and anticipates earning $20.8 million in estimated incentive fees this year.

The RMR Group Inc. (Nasdaq: RMR) announced a quarterly cash dividend of $0.38 per share ($1.52 annually) on its Class A and Class B-1 Common Stock. The dividend will be distributed to shareholders of record as of April 26, 2021, and is expected to be paid on or around May 20, 2021. RMR, a major player in alternative asset management, manages $32 billion in assets and has over 600 professionals in more than 30 offices nationwide. Investors should note that future dividends are subject to the discretion of RMR's Board of Directors based on various financial considerations.

The RMR Group Inc. (Nasdaq: RMR) will release its Q2 2021 financial results after Nasdaq closes on May 7, 2021. A conference call hosted by President & CEO Adam Portnoy and CFO Matt Jordan is scheduled for May 10, 2021, at 1:00 p.m. ET. Participants can join by dialing (877) 329-4297 or (412) 317-5435 for international calls. A replay will be available until May 17, 2021. The RMR Group is a leading alternative asset management firm with over $32 billion in assets under management, focusing on commercial real estate.