The Rmr Group Inc. · NASDAQ:RMR
The Rmr — Q3 2026 Earnings Presentation
31 slides from The Rmr's earnings presentation, Aug 5, 2026
Slide 1: Financial Results and Supplemental Information
Financial Results and Supplemental Information FISCAL THIRD QUARTER 2026 August 5, 2026
Slide 2: Table of Contents
Table of Contents QUARTERLY RESULTS Fiscal Third Quarter 2026 Highlights ................................................................................................ 5 FINANCIALS Key Financial Data ..................................................................................................
Slide 3: Quarterly Results
Quarterly Results RMR.
Slide 4: RMR Reports Fiscal Third Quarter 2026 Results
RMR Reports Fiscal Third Quarter 2026 Results "RMR reported a solid third quarter highlighted by revenue growth as a Newton, MA (August 5, 2026). The RMR Group Inc. (Nasdaq: RMR) today result of the actions we have taken to create value on behalf of our announced its financial results for the fiscal
Slide 5: Fiscal Third Quarter 2026 Highlights
Fiscal Third Quarter 2026 Highlights • Assets Under Management of $37.5 billion. • Net income of $7.4 million, net income margin of 16.2%, net income attributable to The RMR Group Inc. of $3.2 million, or Financial $0.18 per diluted share, Adjusted Net Income Attributable to The RMR Group Inc. of $2
Slide 6: Fiscal Third Quarter 2026 Highlights (Continued)
Fiscal Third Quarter 2026 Highlights (Continued) • During the quarter, RMR entered into amended business and property management agreements with OPI as part of its emergence from bankruptcy. ◦ The initial term of each management agreement is five years and OPI will pay RMR an annual business managem
Slide 7: Financials
Financials RMR.
Slide 8: Key Financial Data
Key Financial Data (dollars in thousands, except per share amounts) As of and for the Three Months Ended June 30, 2026 March 31, 2026 June 30, 2025 GAAP Financial Measures Net Income $ 7,388 $ 2,059 $ 9,295 Net Income Margin 16.2% 4.9% 21.1% Net Income Attributable to The RMR Group Inc. $ 3,197 $ 1,
Slide 9: Distributable Earnings Bridge
Distributable Earnings Bridge $0.54 $0.03 $0.52 $0.06 $0.50 $0.01 $0.48 $0.48 $0.46 $(0.06) Per Share $0.44 $0.44 $0.42 $0.40 $0.38 $0.36 $0.34 Distributable Earnings Higher business Higher property Higher compensation Other, net Distributable Earnings Q2 2026 management fees driven management fees
Slide 10: AUM by Source
AUM by Source (dollars in thousands) As of June 30, 2026 Commercial Real Estate Sector / Strategy AUM Fee-Earning AUM Perpetual Capital Service Properties Trust (NASDAQ: SVC) Net Leased Service-Focused Retail & Hotels $ 9,904,087 $ 5,817,828 Diversified Healthcare Trust (NASDAQ: DHC) Senior Living,
Slide 11: Management and Advisory Services Revenues by Source
Management and Advisory Services Revenues by Source For the Three Months Ended (dollars in thousands) Base Business Management & Advisory Revenues Base Property Management & Other Revenues $27,409 $27,807 $25,254 $16,225 $5,264 $15,407 $7,216 $14,409 $4,564 $6,134 $5,533 $5,198 $22,145 $20,690 $20,5
Slide 12: Well-Covered Dividend
Well-Covered Dividend (amounts in thousands, except per share amounts) Dividends paid by The RMR Group Inc. are funded through a combination of Distributable Earnings generated by The RMR Group LLC and cash and cash equivalents held by The RMR Group Inc., as illustrated below: Calculation of Distrib
Slide 13: Value Add Wholly Owned Real Estate
Value Add Wholly Owned Real Estate (dollars in thousands) As of and for the Three Months Ended June 30, 2026 March 31, 2026 June 30, 2025 Properties 4 4 2 Residential Units 781 781 240 Retail Square Footage 203,994 203,994 203,994 Gross Asset Value $241,411 $240,346 $92,346 Mortgage Debt $141,493 $1
Slide 14: GAAP Results: Condensed Consolidated Statements of Income
GAAP Results: Condensed Consolidated Statements of Income (dollars in thousands) For the Three Months Ended June 30, 2026 March 31, 2026 June 30, 2025 Revenues: Management services (1) $ 44,093 $ 40,683 $ 42,724 Incentive fees 90 — 229 Advisory services 1,343 1,349 1,115 Total management, incentive
Slide 15: GAAP Results: Condensed Consolidated Statements of Income (Continued)
GAAP Results: Condensed Consolidated Statements of Income (Continued) (dollars in thousands) For the Three Months Ended June 30, 2026 March 31, 2026 June 30, 2025 Operating (loss) income $ (9,272) $ 7,041 $ 9,973 Interest income 416 516 1,182 Interest expense (3,205) (2,611) (1,062) Change in fair v
Slide 16: GAAP Results: Earnings per Common Share
GAAP Results: Earnings per Common Share (amounts in thousands, except per share amounts) As of and for the Three Months Ended June 30, 2026 March 31, 2026 June 30, 2025 Numerators: Net income attributable to The RMR Group Inc. $ 3,197 $ 1,007 $ 4,186 Less: income attributable to unvested participati
Slide 17: GAAP Results: Condensed Consolidated Balance Sheets
GAAP Results: Condensed Consolidated Balance Sheets (dollars in thousands) June 30, 2026 September 30, 2025 Assets Cash and cash equivalents held by The RMR Group Inc. $ 15,386 $ 19,478 Cash and cash equivalents held by The RMR Group LLC 42,817 42,819 Due from related parties 79,880 79,703 Prepaid a
Slide 18: Non-GAAP Financial Measures
Non-GAAP Financial Measures
Slide 19: Reconciliation of Adjusted Net Income and Adjusted Net Income per Diluted Share
Reconciliation of Adjusted Net Income and Adjusted Net Income per Diluted Share (amounts in thousands, except per share amounts) The following table presents the impact of certain individually significant items on the financial results for the three months ended June 30, 2026, excluding the redempti
Slide 20: Reconciliation of Adjusted Net Income and Adjusted Net Income per Diluted Share (Continued)
Reconciliation of Adjusted Net Income and Adjusted Net Income per Diluted Share (Continued) (amounts in thousands, except per share amounts) The following table presents the impact of certain individually significant items on the financial results for the three months ended March 31, 2026, excluding
Slide 21: Reconciliation of Adjusted Net Income and Adjusted Net Income per Diluted Share (Continued)
Reconciliation of Adjusted Net Income and Adjusted Net Income per Diluted Share (Continued) (amounts in thousands, except per share amounts) The following table presents the impact of certain individually significant items on the financial results for the three months ended June 30, 2025, excluding
Slide 22: Reconciliation of EBITDA and Adjusted EBITDA
Reconciliation of EBITDA and Adjusted EBITDA (dollars in thousands) For the Three Months Ended June 30, 2026 March 31, 2026 June 30, 2025 Net income $ 7,388 $ 2,059 $ 9,295 Income tax expense 1,899 589 1,753 Depreciation and amortization 4,413 4,448 3,006 Interest expense 3,205 2,611 1,062 EBITDA 16
Slide 23: Calculation of Net Income Margin, Adjusted EBITDA Margin, Distributable Earnings per Share
Calculation of Net Income Margin, Adjusted EBITDA Margin, Distributable Earnings and Distributable Earnings per Share (amounts in thousands, except per share amounts) As of and for the Three Months Ended June 30, 2026 March 31, 2026 June 30, 2025 Calculation of Net Income Margin: Total management, i
Slide 24: Appendix
1X Append RMR.
Slide 25: Notes
Notes (dollars in thousands) Notes to Page 11 – Management and Advisory Services Revenues by Source The following tables present revenues by client and exclude incentive fees earned from the Perpetual Capital clients of $90, $0 and $229 during the three months ended June 30, 2026, March 31, 2026 and
Slide 26: Notes (Continued)
Notes (Continued) (dollars in thousands) Notes to Page 11 – Management and Advisory Services Revenues by Source (Continued) For the Three Months Ended June 30, 2026 March 31, 2026 June 30, 2025 CONSTRUCTION SUPERVISION REVENUES DHC $ 307 $ 326 $ 213 ILPT 159 81 105 OPI 126 240 375 SVC 550 128 465 To
Slide 27: Notes (Continued)
Notes (Continued) (dollars in thousands) Notes to Page 12 – Well-Covered Dividend Notes to Page 23 – Calculation of Net Income Margin, Adjusted EBITDA Margin, Distributable Earnings and Distributable Earnings per Share The following illustrative diagram presents certain tax information pertaining to
Slide 28: Notes (Continued)
Notes (Continued) (dollars in thousands) Notes to Page 14 – GAAP Results: Condensed Consolidated Statements of Income (1) With the exception of OPI, which, effective as of June 17, 2026, pays a fixed business management fee under its amended and restated business management agreement, management ser
Slide 29: Non-GAAP Financial Measures and Certain Definitions
Non-GAAP Financial Measures and Certain Definitions RMR presents certain “non-GAAP financial measures” within the meaning of the applicable rules of the SEC, including Adjusted Net Income Attributable to The RMR Group Inc., Adjusted Net Income Attributable to The RMR Group Inc. per diluted share, EB
Slide 30: Non-GAAP Financial Measures and Certain Definitions (Continued)
Non-GAAP Financial Measures and Certain Definitions (Continued) • Assets Under Management (AUM) All references in this presentation to AUM on, or as of, a date are calculated at a point in time. ▪ AUM is calculated as: (i) the historical cost of real estate and related assets, excluding depreciation
Slide 31: Warning Concerning Forward-Looking Statements
Warning Concerning Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws that are subject to risks and uncertainties. These statements may include words such as “believe”,