The RMR Group Inc. reported mixed results for the quarter ended March 31, 2026. Quarterly revenues fell to $145.6M from $166.7M, and net income attributable to RMR Inc. dropped to $1.0M, or $0.05 per diluted share, from $3.6M a year earlier.
For the first six months, total revenues declined to $326.1M from $386.1M, but net income attributable to RMR Inc. increased to $13.2M, or $0.77 per diluted share, versus $10.0M in the prior year period. Strong incentive fees of $23.6M and lower reimbursable costs helped offset weaker management revenues and higher interest expense.
The RMR Group Inc. reported fiscal second quarter 2026 results, highlighting steady fee-based earnings, capital deployment and a maintained dividend. For the quarter ended March 31, 2026, RMR generated net income of $2.1 million, or $0.05 per diluted share, and Adjusted Net Income Attributable to The RMR Group Inc. of $2.2 million, or $0.11 per diluted share.
Adjusted EBITDA was $18.5 million with a 41.6% Adjusted EBITDA Margin, while Distributable Earnings totaled $14.2 million, or $0.44 per share. Assets under management were $37.1 billion, with $25.9 billion fee-earning.
RMR declared a quarterly dividend of $0.45 per Class A and Class B-1 share, supported by a 72.2% distribution payout ratio and cash resources at both The RMR Group LLC and The RMR Group Inc. As of March 31, 2026, total liquidity was $180.1 million, including $80.1 million of cash and $100.0 million of revolver availability; after an April investment in Service Properties Trust common shares, liquidity is approximately $130.1 million.
During and shortly after the quarter, RMR supported client growth by helping raise $575 million of equity for Service Properties Trust, investing $50 million itself, and closing a $350 million multifamily joint venture in Greenwich, CT where it contributed about $6.4 million of equity and will earn acquisition, management and potential carried interest fees. RMR also noted incentive fees of $23.6 million earned in January 2026 for calendar 2025 and indicated that, based on early 2026 performance, certain managed REITs are collectively on pace to generate nearly $33 million of 2026 incentive fees.
Vanguard Portfolio Management reports beneficial ownership of 868,407 shares of RMR Group Inc. common stock, representing 5.40% of the class. The filing states Vanguard has sole dispositive power over 868,407 shares and sole voting power over 6,044 shares. The filing is signed by Ashley Grim.
RMR Group Inc. shareholders FF Hybrid, LP; Flat Footed LLC; and Marc Andersen report beneficial ownership of 828,839 shares of Class A common stock, representing 5.2% of the class.
Ownership percentage is based on 16,058,177 shares outstanding as of January 30, 2026, as stated in the issuer's Form 10-Q. The filing attributes shared voting and dispositive power of the reported shares among the filers.
The RMR Group Inc. filed a Form 8-K to inform investors that on April 2, 2026 it posted an updated investor presentation on its website. The presentation is furnished as Exhibit 99.1 and is provided under a Regulation FD disclosure, meaning it is for informational purposes and not deemed filed for liability purposes.
Logan Ann reported acquisition or exercise transactions in this Form 4 filing.
RMR Group Inc. director Logan Ann received a grant of 6,426 shares of Class A Common Stock. The shares were awarded at no cash cost to her as part of the company’s equity compensation plan.
Following this grant, Logan Ann directly holds 40,211 shares of RMR’s Class A Common Stock.
Jordan Matthew P. reported acquisition or exercise transactions in this Form 4 filing.
RMR Group Inc. reported that Managing Director, Executive Vice President and Chief Operating Officer Matthew P. Jordan received a grant of 6,426 shares of Class A common stock. The shares were awarded at no cash cost under the company’s equity compensation plan, and Jordan now directly holds 66,915 shares. This is a compensation-related equity award, not an open-market purchase.
Veitch Jonathan reported acquisition or exercise transactions in this Form 4 filing.
RMR Group Inc. director Jonathan Veitch received a grant of 6,426 shares of Class A Common Stock as equity compensation. The shares were awarded at no cash cost to him under the company’s equity compensation plan, increasing his direct holdings to 28,633 shares following the grant.
Watkins Walter C. Jr. reported acquisition or exercise transactions in this Form 4 filing.
RMR Group Inc. director Walter C. Watkins Jr. received a grant of 6,426 shares of Class A Common Stock as equity compensation. The shares were awarded at no cash cost to him pursuant to the company’s equity compensation plan, bringing his direct holdings to 37,633 shares.
PORTNOY ADAM D. reported acquisition or exercise transactions in this Form 4 filing.
RMR Group Inc. director and CEO Adam D. Portnoy received a grant of 6,426 shares of Class A common stock on March 26, 2026 under the company’s equity compensation plan, at no cash cost. Following this grant, he directly holds 161,223 shares. A separate line reflects 90,564 shares held by ABP Trust, where he is sole trustee and controlling shareholder but disclaims beneficial ownership except for his pecuniary interest.