Distributable Earnings and Adjusted EBITDA
RMR reported distributable earnings of $0.44 per share and adjusted EBITDA of $20.5 million, which were in line with expectations.
Successful Debt Financing and Asset Sales
Completed nearly $2 billion of accretive debt financings and over $300 million in asset sales for managed equity REITs.
Potential Incentive Fees
RMR expects potential incentive fees of approximately $22 million in 2025 due to share price improvements at DHC and ILPT.
DHC's Strong Performance
DHC reported an 8% increase in consolidated SHOP NOI to $29.6 million, with a 210-basis point increase in occupancy to 81.5%.
SVC's Deleveraging Efforts
SVC completed the sale of 40 hotels for over $292 million and raised $490 million through a 0-coupon bond offering.
Seven Hills' Rights Offering
Seven Hills announced a rights offering to raise approximately $65 million in new equity, aiming for over $200 million in new loan investments.