The RMR Group
Manages affiliated REITs, SEVN advisory work, and private-capital real estate platforms.
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Profile
Manages commercial real estate assets through affiliated REIT contracts, SEVN advisory work, and private-capital platforms. The public issuer is a holding company over RMR LLC, with economics tied to long-duration client agreements, client health, and concentrated founder-family control.
Runs a commercial real estate asset-management platform through RMR LLC, the operating subsidiary of a public holding company. Service lines cover management for DHC, ILPT, OPI, and SVC, advisory work for SEVN through Tremont, and private-capital clients including residential and operating-company platforms.
The footprint is centered in Newton, Massachusetts and concentrated in U.S. commercial real estate. Platform functions span investment management, property management, development, capital formation, sustainability, and technology and data science across credit, hospitality, industrial, medical office, office, residential, retail, and senior living assets.
Economics depend on long-duration agreements with a limited client set, especially managed public REITs. Control is concentrated through ABP Trust under Adam Portnoy, and OPI's recent restructuring reset RMR LLC's management agreements with that client.
Company facts
Categories
Key statistics
Year to date +28.7% · Average volume (30d) 140.4K
Analysts
Ratings
Target range
Latest analyst notes
No analyst notes in the last 24 months.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q3 FY26 | $0.16 | $0.15 | −6.3% | $147.6M | $153.5M | +4.0% | −0.79% |
| May 6, 2026Q2 FY26 | $0.14 | $0.11 | −21.4% | $171.4M | $145.6M | −15.1% | −1.22% |
| Feb 4, 2026Q1 FY26 | $0.18 | $0.20 | +11.1% | $190.6M | $180.4M | −5.3% | +7.59% |
| Nov 12, 2025Q4 FY25 | $0.22 | $0.22 | 0.0% | $221.8M | $159.4M | −28.1% | +0.51% |
Financial highlights
| 12 quarters | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $166.7M | $154.7M | $159.4M | $180.4M | $145.6M | $153.5M | |
| Gross profit | $68.9M | $66.0M | $333.1M | $89.0M | $64.5M | $22.4M | |
| Operating income | $7.6M | $10.0M | $10.9M | $32.1M | $8.6M | $8.7M | |
| Net income | $3.6M | $4.2M | $3.4M | $12.2M | $1.0M | $3.2M | |
| Diluted EPS | $0.21 | $0.25 | $0.20 | $0.71 | $0.05 | $0.18 | |
| Gross margin | 41.4% | 42.7% | 209.0% | 49.3% | 44.3% | 14.6% | |
| Operating margin | 4.5% | 6.4% | 6.8% | 17.8% | 5.9% | 5.7% |
Fiscal years (4-quarter sums)FY21 $275.4M · FY22 $335.5M · FY23 $584.1M · FY24 $898.0M · FY25 $700.3M
Revenue by product · Q3 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $58.2M · Total debt $183.4M · Total assets $713.6M · Shareholders' equity $224.2M
Dividends
Raised for 8 straight years — most recently to $0.45 from $0.40 in Apr 2024. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 20, 2026 | Jul 20 | Aug 13 | $0.45 | |
| Apr 21, 2026 | Apr 21 | May 14 | $0.45 | |
| Jan 26, 2026 | Jan 26 | Feb 19 | $0.45 | |
| Oct 27, 2025 | Oct 27 | Nov 13 | $0.45 | |
| Jul 21, 2025 | Jul 21 | Aug 14 | $0.45 | |
| Apr 22, 2025 | Apr 22 | May 15 | $0.45 | |
| Jan 27, 2025 | Jan 27 | Feb 20 | $0.45 | |
| Oct 28, 2024 | Oct 28 | Nov 14 | $0.45 |
Ownership
Shares outstanding 31.87M · Float 28.63M · 89.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 1.48M | 4.65% | 13F | Aug 7, 2026 |
| Nantahala Capital Management, LLC | 1.15M | 3.60% | 13F | Aug 19, 2026 |
| Vanguard Portfolio Management LLC | 875.3K | 2.75% | 13F | Aug 13, 2026 |
| Flat Footed LLC | 861.5K | 2.70% | 13F | Aug 14, 2026 |
| Bank of America Corp /DE/ | 859.7K | 2.70% | 13F | Aug 14, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- CBRE Group
Broad CRE services and real-assets investment platform
- Jones Lang LaSalle
Global CRE services with LaSalle investment management
- Blackstone
Scale leader in real estate funds and CRE credit
- Colliers International Group
CRE outsourcing plus sizable real-assets investment management
- Brookfield Asset Management
Global real-assets manager with large real estate platform
- Cushman & Wakefield
Global CRE services overlap in services, leasing and capital markets
- Newmark Group
Owner-focused CRE advisory, capital markets and servicing
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| The RMR Group | $19.46 | −0.05% | $620.2M | 17.0 | 25.6 | 1.0 | −0.8% |
| CBRE Group | $150.82 | −0.07% | $43.69B | 34.6 | 18.8 | 1.0 | +15.1% |
| Jones Lang LaSalle | $378.01 | +0.00% | $17.39B | 18.1 | 14.5 | 0.6 | +10.8% |
| Blackstone | $142.86 | +0.35% | $171.97B | 31.6 | 22.2 | 10.7 | +2.4% |
| Colliers International Group | $102.93 | +0.07% | $5.12B | 47.9 | 12.7 | 0.9 | +13.3% |
| Brookfield Asset Management | $51.52 | −1.14% | $83.22B | 30.3 | 25.6 | 15.4 | +58.7% |
| Cushman & Wakefield | $14.12 | +0.07% | $3.31B | 48.4 | 9.1 | 0.3 | +11.2% |
| Newmark Group | $15.83 | −0.03% | $2.47B | 19.9 | 7.6 | 0.7 | +17.0% |
| Median | 31.6 | 14.5 | 0.9 | +13.3% |