RMR Group Inc. (NASDAQ: RMR) reported Q1 EPS of $0.52, $0.02 better than the analyst estimate of $0.50. Revenue for the quarter came in at $62.1 million versus the consensus estimate of $59.28 million.

• Total Revenues of $62.1 Million, a 12% Increase from the Third Quarter Last Year
• Net Income Attributable to The RMR Group Inc. of $0.52 Per Share and Adjusted Net Income Attributable to The RMR Group Inc. of $0.58 Per Share, Both Increases of 21% from the Third Quarter Last Year
• $100 Million Commitment to and Launch of the RMR Office Property Fund LP Expands on Growth Initiatives

Adam Portnoy, President and Chief Executive Officer, made the following statement regarding the third quarter fiscal 2018 results:

"The third quarter was marked by strong year over year growth in our business. The year over year growth in AUM, revenues, net income and EBITDA all largely came from our existing businesses. In addition, we recently made good progress in our stated goal of diversifying our revenues and AUM with the announced launch of the RMR Office Property Fund LP, our first real estate investment vehicle that is targeting private investors. Since June 30, 2017, we formed three new client companies in three different real estate businesses, all of which may lead to enhanced growth in revenue and AUM in the future."

For earnings history and earnings-related data on RMR Group Inc. (RMR) click here.