| Over a week ago | ||||
RMR Group announced the… RMR Group announced the execution of 69 leases for approximately 2.5M 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. | ||||
| Over a month ago | ||||
Sees Q2 adjusted EBITDA… Sees Q2 adjusted EBITDA $24.5M-$26.5M. Comments taken from Q1 earnings conference call. | ||||
Reports Q1 revenue… Reports Q1 revenue $250.740M vs $181.568M last year. Adam Portnoy, President and Chief Executive Officer said, "Despite a challenging economic environment, both the durability of RMR's business and diversity of the real estate sectors in which we manage assets contributed to strong first quarter results consistent with our quarterly guidance. On a year over year basis, AUM and FeeEarning AUM each grew by at least 10% and we continue to pay an attractive and well covered dividend. Lastly, we increased our cash position to over $200 million and we believe that we remain well positioned to pursue long term growth opportunities." | ||||
| Over a quarter ago | ||||
New option listings for… New option listings for December 21st include CLSA ETF (CLSA), Cobalis Corporation (CLSC), CLVSQ Stock (CLVSQ), DFIC ETF (DFIC), GSUS ETF (GSUS), JIRE ETF (JIRE), Metrocity Bankshares Inc (MCBS), OmniAb (OABI), Orrstown Financial (ORRF), PFIX ETF (PFIX), Parke Bancorp (PKBK), POINT Biopharma Global Inc (PNT), RBB Bancorp (RBB), RMR Group (RMR), and UHALB Stock (UHALB). | ||||
B. Riley analyst Bryan… B. Riley analyst Bryan Maher lowered the firm's price target on RMR Group to $42 from $44 and keeps a Buy rating on the shares. The projected increases in wages "eat into RMR's robust EBITDA margins," Maher tells investors in a research note. | ||||
Sees Q1 adjusted EBITDA… Sees Q1 adjusted EBITDA $25M-$27M. | ||||
Comments taken from Q4… Comments taken from Q4 earnings conference call. | ||||
Reports Q4 revenue… Reports Q4 revenue $242.19M, consensus $206.8M. Adam Portnoy, President and Chief Executive Officer, made the following statement regarding the fourth quarter fiscal 2022 results:"Despite ongoing macroeconomic headwinds and market volatility, management and advisory services revenues this quarter were $51.7 million, demonstrating our significant fee stability. Revenues this quarter also reflect continued growth in construction management fees and increases in fees from our Managed Operating Companies. These growing revenues have positively impacted our operating results highlighted by Adjusted EBITDA of $29.5 million, Net Income Margin of 52.8% and Adjusted EBITDA Margin of 54.6%." | ||||
Meeting to be held in… Meeting to be held in Boston on October 6 hosted by B. Riley. | ||||
Meeting to be held in… Meeting to be held in Boston on October 6 hosted by B. Riley. | ||||
