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. reports developments for a U.S. alternative asset manager focused on commercial real estate, residential real estate and related businesses. The company operates through its management platform and provides services to publicly owned REITs, real estate-related operating companies, real estate finance companies and other real estate investment vehicles.
Recurring RMR news includes fiscal-quarter results, common-share dividend declarations, investor presentations and updates tied to managed real estate clients. Coverage often reflects activity across office, industrial, healthcare, retail, hospitality, net lease, hotel and logistics property categories, as well as client financing, leasing, asset sales and portfolio management matters.
The RMR Group Inc. (Nasdaq: RMR) has declared a quarterly cash dividend of $0.38 per share, amounting to an annual dividend of $1.52 per share. This dividend will be distributed to shareholders of record as of October 25, 2021 and is set to be paid on or about November 18, 2021. RMR's asset management capabilities include overseeing over $32 billion in assets, supported by a team of approximately 600 professionals across 30 offices nationwide.
Service Properties Trust (Nasdaq: SVC) has declared a regular quarterly cash dividend of $0.01 per common share, amounting to $0.04 per year. The dividend will be paid to shareholders of record as of October 25, 2021, with distribution expected on or about November 18, 2021. SVC, with investments exceeding $12 billion, owns over 300 hotels and nearly 800 retail properties, primarily focused on extended stay and select service. The trust is managed by The RMR Group Inc., which oversees more than $32 billion in assets.
Service Properties Trust (Nasdaq: SVC) will announce its third quarter 2021 results following Nasdaq's closing on November 4, 2021. A conference call with President and CEO John Murray, CFO Brian Donley, and CIO Todd Hargreaves is scheduled for November 5, 2021 at 10:00 a.m. Eastern Time. Investors can join the call by dialing (877) 329-3720 or (412) 317-5434 for international participants. A replay will be accessible until November 12, 2021. The call will also be available through a live audio webcast on the company's website.
Diversified Healthcare Trust (Nasdaq: DHC) will release its third quarter 2021 financial results after market close on November 3, 2021. A conference call hosted by CEO Jennifer Francis and CFO Richard Siedel will take place on November 4, 2021, at 10:00 a.m. Eastern Time. The call can be accessed via a dedicated phone line or online audio webcast available on the company’s website. As of June 30, 2021, DHC's portfolio was valued at $8.2 billion, comprising 392 properties across 36 states and Washington, D.C., housing nearly 600 tenants and totaling approximately 28,000 senior living units.
Seven Hills Realty Trust (Nasdaq: SEVN) will release its third quarter 2021 financial results on November 2, 2021, post-Nasdaq close. A conference call featuring President Tom Lorenzini and CFO Doug Lanois is set for November 3, 2021, at 10:00 a.m. ET. Interested parties can join via phone or a live audio webcast on the company’s website. The replay will be accessible until November 10, 2021. Seven Hills Realty Trust, previously known as RMR Mortgage Trust (Nasdaq: RMRM), focuses on first mortgage loans in commercial real estate, managed by The RMR Group Inc. (Nasdaq: RMR).
Office Properties Income Trust (Nasdaq: OPI) has amended its business management agreement with The RMR Group LLC to replace the SNL U.S. REIT Office Index with the MSCI U.S. REIT/Office REIT Index for incentive management fee calculations starting August 1, 2021. The historical performance comparisons show that the MSCI index closely aligns with the SNL index. This change aims to ensure a reliable benchmark as the previous index has been discontinued.
Diversified Healthcare Trust (Nasdaq: DHC) announced an amendment to its management agreement with The RMR Group LLC (RMR) to replace the SNL U.S. REIT Healthcare Index with the MSCI U.S. REIT/Health Care REIT Index for calculating incentive management fees. This change will take effect from August 1, 2021. Historical returns will continue to be calculated using the SNL index until then. As of June 30, 2021, DHC's portfolio was valued at $8.2 billion, comprising 392 properties across 36 states.
Service Properties Trust (Nasdaq: SVC) has amended its business management agreement with The RMR Group LLC (Nasdaq: RMR) to introduce the MSCI U.S. REIT/Hotel & Resort REIT Index as the new benchmark for incentive management fees, effective from August 1, 2021. This replaces the discontinued SNL U.S. REIT Hotel Index. Historical returns for the SNL Index show cumulative returns of -6.56%, -19.07%, and 10.06% for various periods ending July 31, 2021. The decision aims to align fee calculations more closely with widely-used benchmarks.
Industrial Logistics Properties Trust (Nasdaq: ILPT) has amended its business management agreement with The RMR Group (Nasdaq: RMR) to replace the SNL U.S. REIT Industrial Index with the MSCI U.S. REIT/Industrial REIT Index for calculating incentive management fees, effective August 1, 2021. Historical returns from the SNL index will be utilized until that date. ILPT owns 291 properties, totaling 35.2 million rentable square feet, and maintains a high lease occupancy rate of approximately 99% with an average lease term of 9.2 years.
Diversified Healthcare Trust (Nasdaq: DHC) recently announced new management agreements with Navion Senior Solutions for five assisted living communities in South Carolina and Omega Senior Living for one community in Nebraska. This brings the total to approximately 96% of communities transitioning from Five Star Senior Living to new operators. DHC is expected to finalize all management transitions by year-end 2021. The company's portfolio includes 392 properties and 28,000 senior living units, valued at $8.2 billion as of June 30, 2021.