Articles from The RMR Group Inc.

The RMR Group (Nasdaq: RMR) today announced that Bryan Maher joined the company to lead Investor Relations for RMR and its publicly traded client companies: Service Properties Trust (Nasdaq: SVC), Diversified Healthcare Trust (Nasdaq: DHC), Office Properties Income Trust (Nasdaq: OPI), Industrial Logistics Properties Trust (Nasdaq: ILPT), and Seven Hills Realty Trust (Nasdaq: SEVN). Mr. Maher will serve as a Senior Vice President of RMR.

The RMR Group (Nasdaq: RMR) today announced that it has entered into a new $100 million senior secured revolving credit facility. The initial maturity date of the new credit facility is January 22, 2028, and it includes a one-year extension at RMR’s option, subject to payment of extension fees and satisfaction of other customary conditions. Amounts drawn under the new credit facility bear interest at a variable rate based on SOFR plus a margin of 2.25% per annum. Undrawn amounts under the new credit facility incur a fee of 0.50% per annum. The new credit facility is secured by substantially all of the assets of RMR and will be used for general corporate purposes.

The RMR Group Inc. (Nasdaq: RMR) today announced a regular quarterly cash distribution on its shares of Class A Common Stock and Class B-1 Common Stock of $0.45 per share ($1.80 per share per year). This distribution will be paid to RMR’s shareholders of record as of the close of business on January 27, 2025 and distributed on or about February 20, 2025.

The RMR Group (Nasdaq: RMR) today announced that it will issue a press release containing its fiscal first quarter 2025 financial results after the Nasdaq closes on Wednesday, February 5, 2025. On Thursday, February 6, 2025 at 10:00 a.m. Eastern Time, President and Chief Executive Officer Adam Portnoy and Chief Financial Officer Matt Jordan will host a conference call to discuss these results.

The RMR Group Inc. (Nasdaq: RMR) today announced its financial results for the fiscal quarter ended September 30, 2024, which can be found at the Quarterly Results section of RMR’s website at https://www.rmrgroup.com/investors-and-media/financial-information/default.aspx.

The RMR Group (Nasdaq: RMR) today announced that it has rescheduled its fiscal fourth quarter 2024 conference call one day earlier than previously scheduled. RMR will now issue its financial results after the Nasdaq closes on Monday, November 11, 2024. On Tuesday, November 12, 2024 at 10:00 a.m. Eastern Time, President and Chief Executive Officer Adam Portnoy and Chief Financial Officer Matt Jordan will host a conference call to discuss these results.

The RMR Group Inc. (Nasdaq: RMR) today announced a regular quarterly cash distribution on its shares of Class A Common Stock and Class B-1 Common Stock of $0.45 per share ($1.80 per share per year). This distribution will be paid to RMR’s shareholders of record as of the close of business on October 28, 2024 and distributed on or about November 14, 2024.

The RMR Group (Nasdaq: RMR) today announced that it will issue a press release containing its fiscal fourth quarter 2024 financial results after the Nasdaq closes on Tuesday, November 12, 2024. On Wednesday, November 13, 2024 at 10:00 a.m. Eastern Time, President and Chief Executive Officer Adam Portnoy and Chief Financial Officer Matt Jordan will host a conference call to discuss these results.

The RMR Group (Nasdaq: RMR) today announced the early renewal of the Vertex Pharmaceuticals Incorporated (“Vertex”) lease for 1.1 million square feet of office and laboratory space at 50 Northern Avenue and 11 Fan Pier Boulevard in Boston, Massachusetts. Vertex’s existing lease, which expires in December 2028, was extended for approximately 15 years, through June 2044.

The RMR Group Inc. (Nasdaq: RMR) today announced its financial results for the fiscal quarter ended June 30, 2024, which can be found at the Quarterly Results section of RMR’s website at https://www.rmrgroup.com/investors-and-media/financial-information/default.aspx.

The RMR Group (Nasdaq: RMR) today announced that it has acquired The Ridge at Lowry, a 240-unit garden-style apartment community located at 10000 E. Alameda Avenue in Denver, Colorado, for a purchase price of $70.0 million. The property will be rebranded as ARIUM at Lowry under RMR’s consumer-focused brand, ARIUM, and will undergo extensive interior and exterior renovations.

The RMR Group Inc. (Nasdaq: RMR) today announced a regular quarterly cash distribution on its shares of Class A Common Stock and Class B-1 Common Stock of $0.45 per share ($1.80 per share per year). This distribution will be paid to RMR’s shareholders of record as of the close of business on July 22, 2024 and distributed on or about August 15, 2024.

The RMR Group (Nasdaq: RMR) today announced that it will issue a press release containing its fiscal third quarter 2024 financial results after the Nasdaq closes on Thursday, August 1, 2024. On Friday, August 2, 2024 at 10:00 a.m. Eastern Time, President and Chief Executive Officer Adam Portnoy and Chief Financial Officer Matt Jordan will host a conference call to discuss these results.

The RMR Group (Nasdaq: RMR) today announced the appointment of Summit Walia as Vice President, Head of Residential Acquisitions. In this new role, Mr. Walia will lead the execution of RMR Residential’s investment strategy nationwide and will report to Rob Lester, Senior Vice President, Chief Investment Officer, Residential.

The RMR Group Inc. (Nasdaq: RMR) today announced its financial results for the fiscal quarter ended March 31, 2024, which can be found at the Quarterly Results section of RMR’s website at https://www.rmrgroup.com/investors-and-media/financial-information/default.aspx.

The RMR Group (Nasdaq: RMR) today announced the completion of Unison Elliott Bay (Unison), a three building mixed-use campus with 300,000 square feet of Life Science lab, R&D and Class A office space located at 351, 401 and 501 Elliott Avenue West in Seattle, WA. Unison is owned by RMR client Office Properties Income Trust (Nasdaq: OPI), a national REIT focused on owning and leasing office properties to high credit quality tenants in markets throughout the United States.

The RMR Group Inc. (Nasdaq: RMR) today announced it has raised its regular quarterly cash distribution on its shares of Class A Common Stock and Class B-1 Common Stock to $0.45 per share ($1.80 per share per year), representing a 12.5% increase over last quarter’s cash distribution of $0.40 per share. This distribution will be paid to RMR’s shareholders of record as of the close of business on April 22, 2024 and distributed on or about May 16, 2024.

The RMR Group (Nasdaq: RMR) today announced the publication of its 2023 Annual Sustainability Report, which outlines RMR’s Environmental, Social and Governance (ESG) strategies, practices and industry recognition on behalf of the organization and several of its clients. RMR’s clients include Service Properties Trust (Nasdaq: SVC), Diversified Healthcare Trust (Nasdaq: DHC), Office Properties Income Trust (Nasdaq: OPI), Industrial Logistics Properties Trust (Nasdaq: ILPT), Seven Hills Realty Trust (Nasdaq: SEVN), AlerisLife Inc. (Private) and Sonesta International Hotels Corporation (Private).

The RMR Group (Nasdaq: RMR) today announced that it will issue a press release containing its fiscal second quarter 2024 financial results after the Nasdaq closes on Tuesday, May 7, 2024. On Wednesday, May 8, 2024 at 1:00 p.m. Eastern Time, President and Chief Executive Officer Adam Portnoy and Chief Financial Officer Matt Jordan will host a conference call to discuss these results.

The RMR Group (Nasdaq: RMR) today announced that it received the 2024 ENERGY STAR® Partner of the Year Award for the sixth consecutive year. RMR was also recognized as an ENERGY STAR® Partner of the Year Sustained Excellence honoree for the fourth consecutive year. RMR’s sustainability efforts on behalf of its clients have resulted in an aggregate 88 properties receiving ENERGY STAR certification, which is a 14% increase from a year ago.

The RMR Group Inc. (Nasdaq: RMR) today announced its financial results for the fiscal quarter ended December 31, 2023, which can be found at the Quarterly Results section of RMR’s website at https://www.rmrgroup.com/investors-and-media/financial-information/default.aspx.

The RMR Group Inc. (Nasdaq: RMR) today announced a regular quarterly cash distribution on its shares of Class A Common Stock and Class B-1 Common Stock of $0.40 per share ($1.60 per share per year). This distribution will be paid to RMR’s shareholders of record as of the close of business on January 22, 2024 and distributed on or about February 15, 2024.

The RMR Group (Nasdaq: RMR) today announced that it will issue a press release containing its fiscal first quarter 2024 financial results after the Nasdaq closes on Wednesday, February 7, 2024. On Thursday, February 8, 2024 at 10:00 a.m. Eastern Time, President and Chief Executive Officer Adam Portnoy and Chief Financial Officer Matt Jordan will host a conference call to discuss these results.

The RMR Group (Nasdaq: RMR) today announced that it has completed its acquisition of MPC Partnership Holdings, LLC, doing business as CARROLL (“CARROLL”), a vertically integrated multifamily platform. The acquisition, which was announced on July 31, 2023, expands RMR’s platform to include multifamily commercial real estate, the only major property sector in which RMR did not have a significant presence, increases its private capital assets under management and diversifies its roster of private capital clients.

The RMR Group (Nasdaq: RMR) today announced that for the fourth consecutive year it has been named as one of the Top Places to Work in Massachusetts by The Boston Globe.

The RMR Group (Nasdaq: RMR) today announced that Jennifer Francis, an Executive Vice President, will be retiring from RMR on July 1, 2024 and that she will be resigning as an executive officer of RMR and Diversified Healthcare Trust (Nasdaq: DHC) effective December 31, 2023.

The RMR Group Inc. (Nasdaq: RMR) today announced its financial results for the fiscal quarter ended September 30, 2023, which can be found at the Quarterly Results section of RMR’s website at https://www.rmrgroup.com/investors-and-media/financial-information/default.aspx.

The RMR Group (Nasdaq: RMR) today announced that it will issue a press release containing its fiscal fourth quarter 2023 financial results after the Nasdaq closes on Wednesday, November 15, 2023. On Thursday, November 16, 2023 at 10:00 a.m. Eastern Time, President and Chief Executive Officer Adam Portnoy and Chief Financial Officer Matt Jordan will host a conference call to discuss these results.

The RMR Group (Nasdaq: RMR) today announced the completion of a redevelopment project at 20 Massachusetts Avenue NW (“20 Mass”) in Washington, D.C. and recognition of the project for Best Renovation by NAIOP DC|MD.

The RMR Group Inc. (Nasdaq: RMR) today announced a regular quarterly cash distribution on its shares of Class A Common Stock and Class B-1 Common Stock of $0.40 per share ($1.60 per share per year). This distribution will be paid to RMR’s shareholders of record as of the close of business on October 23, 2023 and distributed on or about November 16, 2023.

The RMR Group (Nasdaq: RMR) announced the execution of 77 leases for approximately 4.7 million square feet on behalf of its clients during the three months ended June 30, 2023, including 37 leases with new tenants for approximately 858,000 square feet. The executed leases resulted in a weighted average roll up in rents of 15.8% and a weighted average lease term of 10.3 years. Industrial leasing accounted for more than 70% of activity followed by office and retail, respectively.

The RMR Group Inc. (Nasdaq: RMR) today announced its financial results for the fiscal quarter ended June 30, 2023, which can be found at the Quarterly Results section of RMR’s website at https://www.rmrgroup.com/investors-and-media/financial-information/default.aspx.

The RMR Group (Nasdaq: RMR) today announced that it has entered into a definitive agreement to acquire 100% of the equity interests in MPC Partnership Holdings, LLC, doing business as CARROLL (“CARROLL”), a vertically integrated multifamily platform, in an all cash transaction for $80 million, subject to customary purchase price adjustments, with the potential for incremental earnout consideration up to $20 million based on the deployment of future capital.

The RMR Group Inc. (Nasdaq: RMR) today announced a regular quarterly cash distribution on its shares of Class A Common Stock and Class B-1 Common Stock of $0.40 per share ($1.60 per share per year). This distribution will be paid to RMR’s shareholders of record as of the close of business on July 24, 2023 and distributed on or about August 17, 2023.

The RMR Group (Nasdaq: RMR) today announced that it will issue a press release containing its fiscal third quarter 2023 financial results after the Nasdaq closes on Wednesday, August 9, 2023. On Thursday, August 10, 2023 at 10:00 a.m. Eastern Time, President and Chief Executive Officer Adam Portnoy and Chief Financial Officer Matt Jordan will host a conference call to discuss these results.

The RMR Group (Nasdaq: RMR) announced the execution of 65 leases for approximately 1.9 million square feet on behalf of its clients during the three months ended March 31, 2023, including 28 leases with new tenants for approximately 433,000 square feet. The 65 leases executed had an average roll up in rents of 1% and a weighted average lease term of 9.1 years.

The RMR Group Inc. (Nasdaq: RMR) today announced its financial results for the fiscal quarter ended March 31, 2023, which can be found at the Quarterly Results section of RMR’s website at https://www.rmrgroup.com/investors-and-media/financial-information/default.aspx.

The RMR Group (Nasdaq: RMR) today announced the publication of its 2022 Annual Sustainability Report, which outlines the Environmental, Social and Governance (ESG) strategies, practices and industry recognition of RMR and its clients, including Service Properties Trust (Nasdaq: SVC), Diversified Healthcare Trust (Nasdaq: DHC), Office Properties Income Trust (Nasdaq: OPI), Industrial Logistics Properties Trust (Nasdaq: ILPT), Seven Hills Realty Trust (Nasdaq: SEVN), TravelCenters of America Inc. (Nasdaq: TA), AlerisLife Inc. (Private) and Sonesta International Hotels Corporation (Private).

The RMR Group (Nasdaq: RMR) today announced that it will issue a press release containing its fiscal second quarter 2023 financial results after the Nasdaq closes on Wednesday, May 3, 2023. On Thursday, May 4, 2023 at 10:00 a.m. Eastern Time, President and Chief Executive Officer Adam Portnoy and Chief Financial Officer Matt Jordan will host a conference call to discuss these results.

The RMR Group Inc. (Nasdaq: RMR) today announced a regular quarterly cash distribution on its shares of Class A Common Stock and Class B-1 Common Stock of $0.40 per share ($1.60 per share per year). This distribution will be paid to RMR’s shareholders of record as of the close of business on April 24, 2023 and distributed on or about May 18, 2023.

The RMR Group (Nasdaq: RMR) today announced that it received the 2023 ENERGY STAR® Partner of the Year Award for the fifth consecutive year. RMR was also recognized as an ENERGY STAR® Partner of the Year Sustained Excellence honoree for the third consecutive year. Currently, RMR manages 77 buildings that are ENERGY STAR certified.

The RMR Group (Nasdaq: RMR) placed among the fastest growing middle market companies in Massachusetts by the Boston Business Journal (BBJ) in its 2023 Middle Market Leaders ranking. With total revenues of $832.5 million for Fiscal 2022, RMR ranked 28th among middle market companies in Massachusetts.

The RMR Group (Nasdaq: RMR) announced the execution of 69 leases for approximately 2.5 million square feet on behalf of its clients during the three months ended December 31, 2022, including 23 leases with new tenants for approximately 388,000 square feet.

The RMR Group Inc. (Nasdaq: RMR) today announced its financial results for the fiscal quarter ended December 31, 2022, which can be found at the Quarterly Results section of RMR’s website at https://www.rmrgroup.com/investors-and-media/financial-information/default.aspx.

The RMR Group Inc. (Nasdaq: RMR) today announced a regular quarterly cash distribution on its shares of Class A Common Stock and Class B-1 Common Stock of $0.40 per share ($1.60 per share per year). This distribution will be paid to RMR’s shareholders of record as of the close of business on January 23, 2023 and distributed on or about February 16, 2023.

The RMR Group (Nasdaq: RMR) today announced that it will issue a press release containing its first quarter 2023 financial results after the Nasdaq closes on Thursday, February 2, 2023. On Friday, February 3, 2023 at 10:00 a.m. Eastern Time, President and Chief Executive Officer Adam Portnoy and Chief Financial Officer Matt Jordan will host a conference call to discuss these results.

The RMR Group (Nasdaq: RMR) today announced that for the third consecutive year it has been named as one of the Top Places to Work in Massachusetts by The Boston Globe.

The RMR Group (Nasdaq: RMR) announced the execution of 81 leases for approximately 2.7 million square feet on behalf of its clients during the three months ended September 30, 2022, including 32 leases with new tenants for approximately 900,000 square feet.

The RMR Group Inc. (Nasdaq: RMR) today announced its financial results for the fiscal quarter ended September 30, 2022.

The RMR Group Inc. (Nasdaq: RMR) today announced that it will issue a press release containing its fourth quarter 2022 financial results after the Nasdaq closes on Monday, November 14th, 2022. On Tuesday, November 15th, 2022 at 10:00 a.m. Eastern Time, President and Chief Executive Officer Adam Portnoy and Chief Financial Officer Matt Jordan will host a conference call to discuss these results.

The RMR Group Inc. (Nasdaq: RMR) today announced a regular quarterly cash distribution on its shares of Class A Common Stock and Class B-1 Common Stock of $0.40 per share ($1.60 per share per year).This distribution will be paid to RMR’s shareholders of record as of the close of business on October 24, 2022 and distributed on or about November 17, 2022.

The RMR Group (Nasdaq: RMR) announced the execution of 90 leases for approximately 5.0 million square feet on behalf of its clients during the three months ended June 30, 2022, including 40 leases with new tenants for approximately 2.9 million square feet.

The RMR Group Inc. (Nasdaq: RMR) today announced its financial results for the fiscal quarter ended June 30, 2022.

The RMR Group Inc. (Nasdaq: RMR) today announced a regular quarterly cash dividend on its shares of Class A Common Stock and Class B-1 Common Stock of $0.40 per share ($1.60 per share per year). This distribution will be paid to RMR’s shareholders of record as of the close of business on July 25, 2022 and distributed on or about August 18, 2022.

The RMR Group (Nasdaq: RMR) announced the execution of 93 leases for approximately 1.9 million square feet on behalf of its clients during the three months ended March 31, 2022, including 35 leases with new tenants for approximately 714,000 square feet.

The RMR Group Inc. (Nasdaq: RMR) today announced that it received the 2022 ENERGY STAR® Partner of the Year Award for ENERGY STAR related activities at buildings it manages on behalf of its clients for the fourth consecutive year. RMR was also recognized as an ENERGY STAR® Sustained Excellence honoree for the second consecutive year. Currently, RMR manages 70 buildings that are ENERGY STAR certified.

The RMR Group Inc. (Nasdaq: RMR) today announced its financial results for the fiscal quarter ended March 31, 2022.

The RMR Group Inc. (Nasdaq: RMR) today announced it has raised its regular quarterly cash dividend on its shares of Class A Common Stock and Class B-1 Common Stock to $0.40 per share for the quarter ended March 31, 2022 ($1.60 per share per year), representing a 5.3% increase over last quarter’s cash dividend of $0.38 per share. This distribution will be paid to RMR’s shareholders of record as of the close of business on April 25, 2022 and distributed on or about May 19, 2022.

The RMR Group Inc. (Nasdaq: RMR) today announced that it will issue a press release containing its second quarter 2022 financial results after the Nasdaq closes on Wednesday, May 4th, 2022. On Thursday, May 5th, 2022 at 1:00 p.m. Eastern Time, President and Chief Executive Officer Adam Portnoy and Chief Financial Officer Matt Jordan will host a conference call to discuss these results.

The RMR Group (Nasdaq: RMR) today announced the execution of 108 leases comprising approximately 4.0 million square feet for its clients during the three months ended December 31, 2021, including 49 new leases for 663,000 square feet. Total leasing volume for the three months ended December 31, 2021 represented a 39% sequential increase over the 2.8 million square feet of leasing reported for the three months ended September 30, 2021 and a 76% increase over the 2.3 million square feet reported for the three months ended December 31, 2020.

The RMR Group Inc. (Nasdaq: RMR) today announced its financial results for the fiscal quarter ended December 31, 2021.

The RMR Group Inc. (Nasdaq: RMR) today announced a regular quarterly cash dividend on its shares of Class A Common Stock and Class B-1 Common Stock of $0.38 per share ($1.52 per share per year). This distribution will be paid to RMR’s shareholders of record as of the close of business on January 24, 2022 and distributed on or about February 17, 2022.

The RMR Group Inc. (Nasdaq: RMR) today announced that it will issue a press release containing its first quarter 2022 financial results after the Nasdaq closes on Thursday, January 27th, 2022. On Friday, January 28th, 2022 at 10:00 a.m. Eastern Time, President and Chief Executive Officer Adam Portnoy and Chief Financial Officer Matt Jordan will host a conference call to discuss these results.

The RMR Group (Nasdaq: RMR) today announced the execution of 102 new and renewal leases during the three months ended September 30, 2021 for its clients. This includes 42 new leases for 524,000 square feet, and 60 renewal leases for 2.3 million square feet. During the fiscal year ended September 30, 2021, RMR executed 364 new and renewal leases for its clients, including 135 new leases for 1.9 million square feet and 229 renewal leases for 8.6 million square feet.

The RMR Group (Nasdaq: RMR) today announced that it has been named by The Boston Globe as one of the Top Places to Work in Massachusetts for the second consecutive year.

The RMR Group Inc. (Nasdaq: RMR) today announced its financial results for the fiscal quarter ended September 30, 2021.

The RMR Group Inc. (Nasdaq: RMR) announced that it has been named by IREM (Institute of Real Estate Management) as the winner of the 2021 IREM Excellence Award – Corporate and that RMR Area Manager Julia Paluka, based in RMR’s Denver office, has been named CPM® (Certified Property Manager) of the Year. Both honors were awarded during the 2021 IREM Global Summit in Las Vegas, Nevada, last week.

The RMR Group Inc. (Nasdaq: RMR) today announced that it will issue a press release containing its fourth quarter 2021 financial results after the Nasdaq closes on Monday, November 15th, 2021. On Tuesday, November 16th, 2021 at 10:00 a.m. Eastern Time, President and Chief Executive Officer Adam Portnoy and Chief Financial Officer Matt Jordan will host a conference call to discuss these results.

The RMR Group Inc. (Nasdaq: RMR) today announced a regular quarterly cash dividend on its shares of Class A Common Stock and Class B-1 Common Stock of $0.38 per share ($1.52 per share per year). This distribution will be paid to RMR’s shareholders of record as of the close of business on October 25, 2021 and distributed on or about November 18, 2021.

The RMR Group Inc. (Nasdaq: RMR) today announced that its majority-owned subsidiary, The RMR Group LLC, and each of Diversified Healthcare Trust (Nasdaq: DHC), Industrial Logistics Properties Trust (Nasdaq: ILPT), Office Properties Income Trust (Nasdaq: OPI) and Service Properties Trust (Nasdaq: SVC) amended their respective management agreements to replace the respective benchmark indices used in the calculation of incentive management fees because publication of the existing SNL benchmark indices was discontinued on August 7, 2021. Pursuant to the amendments, for periods beginning on and after August 1, 2021, each Managed Equity REIT’s respective subsector index of the MSCI U.S. REIT indices will replace the discontinued SNL U.S. REIT indices used to calculate benchmark returns per share for purposes of determining any incentive management fee payable to RMR. The replacement indices are MSCI U.S. REIT/Health Care REIT Index for DHC, MSCI U.S. REIT/Industrial REIT Index for ILPT, MSCI U.S. REIT/Office REIT Index for OPI and MSCI U.S. REIT/Hotel REIT Index for SVC.

The RMR Group Inc. (Nasdaq: RMR) today announced the appointment of Andrew Fay as Senior Vice President. In this new role, Mr. Fay will be responsible for establishing and developing a capital markets team that will focus on sourcing capital from private investment partners including ultra-high net worth investors, family offices, targeted registered investment advisors, foundations and endowments.

The RMR Group Inc. (Nasdaq: RMR) today announced that it has declared a one-time, special cash dividend on its shares of Class A Common Stock and Class B-1 Common Stock of $7.00 per share to all common stockholders of record as of the close of business on September 6, 2021, payable on or about September 16, 2021. Based on the current number of shares outstanding, the special cash dividend is expected to result in an aggregate distribution of approximately $220 million. This special dividend is in addition to the Company’s regular quarterly cash dividends.

The RMR Group Inc. (Nasdaq: RMR) today announced the execution of 97 new and renewal leases during the three months ended June 30, 2021 for its clients. This includes 37 new leases for a total of 526,000 square feet, and 60 renewal leases for a total of 1.4 million square feet.

The RMR Group Inc. (Nasdaq: RMR) today announced its financial results for the fiscal quarter ended June 30, 2021.

The RMR Group Inc. (Nasdaq: RMR) is pleased to announce it now ranks first on the Building Owners and Managers Association (BOMA) International’s BOMA 360 Performance Program standings. RMR’s property management efforts on behalf of its clients have resulted in 66 new and renewal BOMA 360 designated properties, the most for any property management organization nationwide, as of June 30, 2021.