RMR Group reports Q2 adjusted EPS 28c vs 39c last year

Reports Q2 revenue $166.668M vs $217.947M last year. Adam Portnoy, President and Chief Executive Officer, said “”RMR‘s second quarter results were slightly below our expectations as a result of reduced capital spending, the impact of strategic asset sales and deleveraging activities at our Managed REITs. In light of these headwinds, we remained diligent in controlling expenses to mitigate the impact on margins. Net income per share this quarter was $0.21, with Adjusted Net Income per share of $0.28 and Distributable Earnings per share of $0.40.”