RMR Group sets quarterly cash distribution at $0.45 per share

NEWTON, Mass. - The RMR Group Inc . (NASDAQ: NASDAQ:RMR), an alternative asset management company specializing in commercial real estate, announced a regular quarterly cash distribution of $0.45 per share for both its Class A Common Stock and Class B-1 Common Stock, representing an attractive 9.25% dividend yield. Shareholders on record as of January 27, 2025, will be eligible for the distribution, which is scheduled to be paid on or about February 20, 2025. According to InvestingPro analysis, RMR maintains strong dividend coverage with sufficient cash flows to cover its obligations.

The RMR Group, founded in 1986 and based in Newton, Massachusetts, manages nearly $41 billion in assets. With a team of over 1,000 real estate professionals spread across more than 35 offices nationwide, the company has a long-standing presence in the industry, boasting over 35 years of institutional experience in commercial real estate operations. Currently trading at $19.45, near its 52-week low, the company maintains a strong financial health score according to InvestingPro analysis, with a market capitalization of $620.6 million.

While the announcement of the dividend payment reflects the current financial strategy of the company, RMR Group's Board of Directors regularly assesses dividend rates based on various factors, including the company's earnings, investment commitments, and cash availability. Trading at a P/E ratio of 14.03 and currently appearing undervalued according to InvestingPro Fair Value analysis, the company maintains a solid financial foundation. As with any investment, future dividends may fluctuate, and there is no assurance of the rate at which they will be declared or paid moving forward.

Investors are advised to exercise caution and not to place undue reliance on forward-looking statements, as these are subject to change due to various factors, some beyond the company's control. The RMR Group does not commit to updating forward-looking statements in light of new information or future events unless required by law.

This financial update is based on a press release statement from The RMR Group Inc.

In other recent news, RMR Group Inc. has made significant strides in its business operations. The company recently announced an amendment to its Articles of Incorporation, which increased the number of authorized shares of its Class A common stock by 550,000. This decision is aimed at supporting RMR Group's Amended and Restated 2016 Omnibus Equity Plan.

Simultaneously, Office Properties Income (NASDAQ:OPI) Trust, managed by RMR Group, has revealed an exchange agreement to refinance up to $340 million of its outstanding senior unsecured notes due in 2025. This agreement will see noteholders exchange their 2025 notes for new senior secured notes due in 2027, along with cash for accrued interest, a share of approximately 11.5 million OPI common stock, and certain premiums.

In terms of earnings, RMR Group reported its fiscal fourth-quarter 2024 earnings, meeting market expectations with an adjusted net income per share of $0.34 and distributable earnings per share of $0.51. The company also noted an adjusted EBITDA of $21.8 million. For the upcoming quarter, RMR Group's future guidance suggests adjusted earnings per share of $0.34 to $0.36 and adjusted EBITDA of $21 million to $22 million.

These are among the recent developments for RMR Group and Office Properties Income Trust. The companies continue to make strategic decisions to enhance their operations and financial health, as suggested by the aforementioned analyst notes and earnings information.

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