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Although the revenue and EPS for RMR Group (RMR) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
RMR Group is undervalued with a 7.08% annualized forward dividend yield, the highest since the company went public in December 2015. The company has faced criticism due to high management fees and perceived non-shareholder-friendly management actions. Despite the controversy, RMR's shares represent some value here and come with a potential tailwind from the recovery of its REITs.
REIT investments have been very rewarding on average. But not all REITs are worth buying. In fact, a lot of them should be avoided at all cost.
The RMR Group Inc. (NASDAQ:RMR ) Q2 2023 Earnings Conference Call May 4, 2023 10:00 AM ET Company Participants Melissa McCarthy - Manager, Investor Relations Adam Portnoy - President and Chief Executive Officer Matt Jordan - Chief Financial Officer Conference Call Participants Bryan Maher - B. Riley Securities Operator Good morning and welcome to the RMR Group Fiscal Second Quarter 2023 Earnings Conference Call.
RMR Group (RMR) came out with quarterly earnings of $0.49 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.50 per share a year ago.
Sell Alert: 2 REITs That Will Likely Cut Their Dividends.
NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group (Nasdaq: RMR) today announced that it will issue a press release containing its fiscal second quarter 2023 financial results after the Nasdaq closes on Wednesday, May 3, 2023. On Thursday, May 4, 2023 at 10:00 a.m. Eastern Time, President and Chief Executive Officer Adam Portnoy and Chief Financial Officer Matt Jordan will host a conference call to discuss these results. The conference call telephone number is (877) 270-2148.
Industrial Logistics made an ill-timed acquisition, and it's still trying to dig out from under the weight of the deal.
BP p.l.c. has announced the purchase of TravelCenters of America, an RMR affiliate. The transaction will monetize some RMR equity assets and accelerate some fee payments to RMR.
RMR Group (RMR) delivered earnings and revenue surprises of -3.77% and 17.14%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?