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The RMR Group Inc. (RMR-0.11%) has submitted its 10-Q filing for the quarterly period ended December 31, 2024.
The filing details the company's financial performance, including total revenues of $219.5 million, a decrease from $261.7 million in the same quarter the previous year. The decrease is attributed to a reduction in reimbursable costs and other factors.
Management services revenue increased slightly to $46.2 million from $45.1 million, primarily due to growth from the acquisition of MPC Partnership Holdings LLC.
Income from loan investments was reported at $546,000, reflecting activity in the company's private capital business.
Net income attributable to The RMR Group Inc. was $6.4 million, down from $7.0 million in the previous year, with the decline attributed to lower interest income and losses on investments.
The company reported a change in fair value of earnout liability of $3.4 million, contributing positively to the operating income.
Operating expenses totaled $206.1 million, a decrease from $251.1 million in the previous year, primarily due to lower reimbursable expenses.
The RMR Group Inc. announced a quarterly dividend of $0.45 per share, consistent with the previous quarter, funded in part by distributions from RMR LLC.
The filing also notes the company's entry into a $100 million senior secured revolving credit facility to support its private capital initiatives.
The RMR Group Inc. continues to focus on expanding its private capital business and managing its portfolio of real estate and real estate-related businesses.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the The RMR Group Inc. quarterly 10-Q report dated February 5, 2025. To report an error, please email earnings@qz.com.