other material
confidence high
sentiment positive
materiality 0.55
RMR Group highlights $37B AUM, 40%+ margins, and ~$150M liquidity in April 2026 investor deck
RMR GROUP INC.
- Over $37 billion in AUM as of Dec 31, 2025, with 68% from perpetual capital and 32% from private capital.
- Nearly 70% of services revenues come from 20-year evergreen contracts with significant termination provisions.
- Annual incentive fees averaged ~$100M from 2016-2019; potential promote income from private capital co-investments.
- Annual Adjusted EBITDA margins exceed 40%; total liquidity nearly $150M.
- Track record of increasing quarterly dividends; valuation noted as discount to peers.