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Mar 31, 2020
RMR Q2 2020 Earnings Report
RMR Group Inc. reported a net income of $14.9 million and management services revenues increased by 1.7% year over year.
Key Takeaways
The RMR Group Inc. announced its financial results for the fiscal quarter ended March 31, 2020. Management services revenues increased 1.7% year over year. The company generated net income of $14.9 million, Adjusted EBITDA of $23.9 million, Operating Margin of 40.6% and Adjusted EBITDA Margin of 51.3% this quarter.
Management services revenues increased by 1.7% year over year.
Net income was $14.9 million.
Adjusted EBITDA was $23.9 million.
Cash and cash equivalents totaled $377.4 million with no debt.
Forward Guidance
It remains to be seen how the pandemic and its impacts on the economy will evolve over the remainder of the year, the company believes that its Client Companies have ample resources to navigate the challenges impacting their respective sectors.
Positive Outlook
- Client Companies have ample resources.
- Experience and depth of leadership team is critical.
- RMR is in a strong position to weather the current economic disruption.
- Long-term evergreen contracts.
- Scalable platform.
Challenges Ahead
- Market disruptions resulting from the COVID-19 pandemic have led to share price declines for Managed Equity REITs.
- Share price declines have significantly reduced fee-paying assets under management.
- Pandemic and its impacts on the economy remain uncertain.
- Economic conditions spurred by the COVID-19 pandemic continue for an extended period or worsen.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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