The RMR Group Inc. (RMR)
NASDAQ:RMR
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Earnings Data
Report Date
Aug 06, 2026Before Open (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
0.2Last Year’s EPS
0.28Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted multiple operational and financial strengths — distributable earnings and adjusted EBITDA at or above guidance, incentive fees, strong DHC and ILPT performance, SVC deleveraging, Seven Hills momentum, a major multifamily acquisition, and significant private capital AUM growth. Offsetting these positives are fundraising headwinds driven by geopolitical volatility (global fundraising down ~50% Y/Y), modest revenue headwinds from the wind-down of certain activities and lower construction management fees, a small adjusted net income miss leading to a change in metric guidance, and some quarter-to-quarter tax volatility. Overall, the company appears well-capitalized and executing strategic initiatives, though fundraising and near-term revenue mix pose challenges.Company Guidance
Strong Quarterly Results
Fiscal Q2 distributable earnings of $0.44 per share and adjusted EBITDA of $18.5 million, both at or near the high end of guidance; adjusted net income $0.11 per share (missed by $0.01).
Incentive Fees and REIT Outperformance
Earned $23.6 million of incentive fees for 2025; both DHC and ILPT accrued incentive fees this quarter and remain among the best performing REITs in 2026 by total shareholder return.
DHC Operational Momentum and Balance Sheet Improvement
DHC generated normalized FFO of $33 million ($0.14 per share) and adjusted EBITDA of $74 million in Q1, exceeding consensus; same-property NOI grew 13.5% year-over-year and occupancy rose 110 basis points; sold 13 non-core communities for ~$23 million and completed ~ $605 million of asset sales in 2025; Moody’s upgraded DHC debt ratings and outlook to positive.
ILPT Leasing and Refinancing Success
ILPT reported normalized FFO of $0.33 per share and adjusted EBITDA of $87 million (above high end of guidance); executed ~862,000 sq ft of leasing at rents ~26% higher than prior rents; assisted ILPT refinancing $1.6 billion of JV debt to interest-only fixed-rate debt at an attractive 5.7%, extending maturities.
SVC Deleveraging and Strategic Support
Helped SVC complete a $575 million equity offering that eliminated unsecured debt maturities until 2028; RMR participated as $50 million anchor investor (nearly 42M shares) to align interests and accelerate deleveraging.
Seven Hills Growth and Attractive Margins
Seven Hills originated three loans totaling $67.5 million in the quarter, produced distributable earnings of $0.24 per share, and increased total loan commitments to a record ~$776 million; recent originations reflect the highest net interest margins in four years.
Private Capital AUM Expansion and Strategic Acquisitions
Private capital AUM grew from essentially zero in 2020 to nearly $12 billion today; closed April acquisition of a Greenwich, CT multifamily portfolio for ~ $350 million (RMR invested $6 million for a 5% GP interest), with expected Q3 revenue recognition of $600k and ongoing annual operating fees of ~$750k.
Guidance and Liquidity Position
Provided Q3 outlook of adjusted EBITDA $19M–$21M and distributable earnings $0.48–$0.50 per share; pro forma liquidity approx $133 million including $75 million revolver capacity after recent investments.
RMR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
RMR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $19.62 | ― | ― |
Feb 04, 2026 | $15.26 | $16.41 | +7.60% |
Nov 12, 2025 | $14.76 | $14.84 | +0.51% |
Aug 05, 2025 | $15.07 | $15.06 | -0.12% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does The RMR Group Inc. (RMR) report earnings?
The RMR Group Inc. (RMR) is schdueled to report earning on Aug 06, 2026, Before Open (Confirmed).
What is The RMR Group Inc. (RMR) earnings time?
The RMR Group Inc. (RMR) earnings time is at Aug 06, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RMR EPS forecast?
RMR EPS forecast for the fiscal quarter 2026 (Q3) is 0.2.