The RMR Group Inc. Announces Second Quarter Fiscal 2021 Results
The RMR Group Inc. (Nasdaq: RMR) today announced its financial results for the fiscal quarter ended March 31, 2021.
Adam Portnoy, President and Chief Executive Officer, made the following statement regarding the second quarter fiscal 2021 results:
“In the second fiscal quarter, RMR generated total management and advisory services revenues of
We are also cautiously optimistic that we may begin earning incentive fees this calendar year, as Office Properties Income Trust began accruing a
Second Quarter Fiscal 2021 Highlights:
-
As of March 31, 2021, The RMR Group LLC had
$31.8 billion of assets under management, or AUM, compared to$32.1 billion as of March 31, 2020. -
Total management and advisory services revenues for the quarter ended March 31, 2021, were
$42.0 million , including$0.6 million of incentive business management fees from Tremont Mortgage Trust, compared to$44.1 million for the quarter ended March 31, 2020. - The RMR Group LLC’s AUM and management and advisory services revenues by source are as follows (dollars in thousands):
|
|
|
|
|
|
Total |
||||||||
|
|
|
|
Management |
||||||||||
|
|
|
|
and Advisory |
||||||||||
|
|
AUM |
|
S
| ||||||||||
