earnings
confidence high
sentiment positive
materiality 0.70
RMR Q3 FY2021 adjusted EPS $0.47, up 24% YoY; revenue $45.5M (+16%)
RMR GROUP INC.
2021-Q3 EPS reported
$1.31
revenue$433,754,000
- GAAP net income $19.0M, diluted EPS $0.50; adjusted net income $7.8M, adjusted EPS $0.47.
- Management & advisory revenues $45.5M, up 16% YoY, driven by managed equity REITs and operating companies.
- Adjusted EBITDA $24.4M (+25% YoY); Adjusted EBITDA margin 51.1%, up 300 bps sequentially.
- AUM $32.4B, cash $397.8M with no debt; CEO notes potential for incentive fees and capital returns.
- Office Properties Income Trust incentive fee potential increased to $22.2M based on total return out-performance.