Recap: RMR Group Q2 Earnings

Shares of RMR Group RMR were unchanged at $30.99 after the company reported Q2 results.

Quarterly Results

Earnings per share fell 8.00% over the past year to $0.46, which missed the estimate of $0.49.

Revenue of $140,861,000 rose by 8.27% from the same period last year, which missed the estimate of $150,530,000.

Guidance

RMR Group hasn't issued any earnings guidance for the time being.

RMR Group hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: May 11, 2020

Time: 07:01 PM ET

Webcast URL: https://78449.choruscall.com/dataconf/productusers/rmr/mediaframe/36720/indexr.html

Recent Stock Performance

Company's 52-week high was at $57.38

Company's 52-week low was at $21.79

Price action over last quarter: down 28.10%

Company Description

The RMR Group Inc is a holding company conducts its business through its subsidiary RMR Group LLC. The RMR Group LLC is an alternative asset management company which invests in real estate and manage real estate related businesses. Its business primarily consists of providing management services to publicly owned real estate investment trusts, or REITs, and real estate related operating companies. It also provides management services to real estate securities mutual fund and commercial real estate finance company. The company operates through single segment being RMR LLC. The RMR Group derives its revenue from providing business and property management services as well as advisory and other services.