The RMR Group Inc. announced its financial results for the fiscal quarter ended March 31, 2022, with management and advisory services revenue increasing by 17% to $49.3 million. Net income and Adjusted EBITDA exceeded prior year results by at least 22%.
Management and advisory services revenue increased 17% to $49.3 million.
Net income was $0.39 per diluted share, a 30% increase from last year.
Adjusted net income was $0.50 per diluted share, a 35% increase from last year.
Total AUM reached $37.7 billion, with managed private real estate capital AUM increasing to $3.9 billion.
No specific forward guidance was provided in the press release.
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