The RMR Group Announces $23.6 Million of Incentive Business Management Fees Earned in Calendar Year 2025

Key Terms

incentive business management fees financial

Incentive business management fees are extra payments made to the people who run a business or investment on top of their regular fee when they meet specific performance targets—think of it like a bonus for hitting agreed goals. For investors this matters because such fees reduce net returns but can also align managers’ efforts with value creation; the exact targets, payout timing and caps determine whether they encourage healthy growth or risky short-term moves.

Annual Report on Form 10-K regulatory

An annual report on Form 10‑K is a required, comprehensive filing that publicly traded companies give to regulators and investors summarizing their business, results of operations, detailed financial statements reviewed by independent auditors, material risks, legal issues and management’s discussion of performance. Investors use it like a company’s year‑end report card and medical checkup: it reveals how the business made money, where it is vulnerable, and the facts needed to compare value, judge risk and make informed investment decisions.

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A national government agency that enforces rules for buying, selling and disclosing information about stocks and other investments, acting like a referee and scorekeeper for financial markets. It requires companies to share clear, regular financial and business information and investigates fraud or rule-breaking, which matters to investors because those rules and disclosures help ensure fair prices, reduce hidden risks and make it easier to compare investment choices.

NEWTON, Mass.--(BUSINESS WIRE)-- The RMR Group (Nasdaq: RMR) today announced that a total of $23.6 million of incentive business management fees have been earned for the 2025 calendar year based upon the three year measurement period ended December 31, 2025. The incentive business management fees earned were as follows (dollars in millions):

Client Company		Incentive Fees Earned
Diversified Healthcare Trust		$	17.9
Industrial Logistics Properties Trust		5.7
		$	23.6

These incentive business management fees will be paid to RMR in January.

More information concerning the calculation of the incentive business management fee can be found under the heading “Incentive Fee” in each client company’s most recent Annual Report on Form 10-K, which is available on the Securities and Exchange Commission’s website located at www.sec.gov.

About The RMR Group

The RMR Group is a leading U.S. alternative asset management company, unique for its focus on both residential and commercial real estate (CRE) and related businesses. RMR’s vertical integration is supported by nearly 900 real estate professionals in more than 30 offices nationwide who manage approximately $39 billion in assets under management and leverage more than 35 years of institutional experience in buying, selling, financing and operating CRE. RMR benefits from a scalable platform, a deep and experienced management team and a diversity of direct real estate strategies across its clients. RMR is headquartered in Newton, MA and was founded in 1986. For more information, please visit www.rmrgroup.com.

WARNING REGARDING FORWARD-LOOKING STATEMENTS

This press release includes forward-looking statements that are within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws that are subject to risks and uncertainties. These statements may include words such as “believe,” “could,” “driving,” “estimate,” “expect,” “goal,” “intend,” “may,” “plan,” “project,” “seek,” “should,” “will,” “would,” “considering,” “opportunities” and negative or derivatives of these or similar expressions. Forward-looking statements include, without limitation, statements regarding our business strategy and related benefits, our performance, plans, expectations and objectives and our ability to capitalize on additional growth opportunities. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and are cautioned not to place undue reliance on these forward-looking statements. Actual results may differ materially from those currently anticipated due to a number of risks and uncertainties. These factors should not be construed as exhaustive and should be read in conjunction with other cautionary statements that are included in RMR’s periodic filings. The information contained in RMR’s filings with the Securities and Exchange Commission (“SEC”), including under the caption “Risk Factors” in its periodic reports, or incorporated therein, identifies important factors that could cause differences from the forward-looking statements in this press release. RMR’s filings with the SEC are available on its website and at www.sec.gov. You should not place undue reliance on forward-looking statements. Except as required by law, RMR undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

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Bryan Maher, Senior Vice President

(617) 796-8230

Source: The RMR Group Inc.