Earnings ImpactLower base management income across the managed REITs negatively influenced fiscal 1Q25 earnings and assets under management.
LeverageContinued downside from the managed REITs, which have been negatively influenced by excessive leverage and operating headwinds, causing fee income to decline.
Revenue ChallengesRMR Group continues to face headwinds across several of its managed REITs, which has weighed on revenues.