Earnings PerformanceFiscal 4Q adjusted EPS of $0.34 was below consensus estimates of $0.38.
Leverage And HeadwindsContinued 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.