The RMR Group Inc. (RMR) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to the RMR Group Fiscal First Quarter 2026 Earnings Conference Call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then one on your telephone keypad. To withdraw your question, please press star, then two. Please note, this event is being recorded. I would now like to turn the conference over to Brian Maher, Senior Vice President. Please go ahead. Thank you. Good morning and thank you for joining RMR's fiscal first quarter Looking statements are based on RMR's beliefs and expectations as of today from those that we project. The company undertakes no obligation to revise or publicly release the results of any revision to the forward-looking statements made in today's call. Additional information concerning factors that could cause those differences is contained in our filings with the Securities and Exchange Commission, which can be found on our website at rmrgroup.com. Investors are cautioned not to place undue reliance upon any forward-looking statements. In addition, we may discuss non-GAAP numbers during this call, including adjusted net income per share, distributable earnings, and answer results. I'll now turn the call over to Adam. Thanks, Brian, and thank you all for joining us this morning. Yesterday, we reported first quarter results that exceeded or were at the high end of our expectations, highlighted by distributable earnings of 47 cents per share, adjusted net income of 20 cents per share, and adjusted EBITDA of $19.5 million. I'm also happy to highlight that the strategic actions we have undertaken over the p...