The RMR Group Inc. reported total management and advisory services revenues of $42.0 million. Net income attributable to The RMR Group Inc. was $4.9 million, or $0.30 per diluted share, and adjusted net income attributable to The RMR Group Inc. was $6.1 million, or $0.37 per diluted share.
As of March 31, 2021, The RMR Group LLC had $31.8 billion of assets under management, or AUM, compared to $32.1 billion as of March 31, 2020.
Total management and advisory services revenues for the quarter ended March 31, 2021, were $42.0 million, including $0.6 million of incentive business management fees from Tremont Mortgage Trust, compared to $44.1 million for the quarter ended March 31, 2020.
For the three months ended March 31, 2021, net income was $11.5 million and net income attributable to The RMR Group Inc. was $4.9 million, or $0.30 per diluted share, compared to net income of $14.9 million and net income attributable to The RMR Group Inc. of $6.5 million, or $0.39 per diluted share, for the three months ended March 31, 2020.
As of March 31, 2021, The RMR Group Inc. had $376.3 million in cash and cash equivalents with no outstanding debt obligations.
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