UPDATE: The RMR Group Inc. (RMR) Tops Q3 EPS by 5c, Revenues Beat
The RMR Group Inc. (NASDAQ: RMR) reported Q3 EPS of $0.61, $0.05 better than the analyst estimate of $0.56. Revenue for the quarter came in at $65.1 million versus the consensus estimate of $63.31 million.
- Total Revenues of $65.1 Million, a 15% Increase from the Fourth Quarter Last Year
- Net Income Attributable to The RMR Group Inc. of $0.50 Per Share and Adjusted Net Income Attributable to The RMR Group Inc. of $0.61 Per Share, Both Increases of Over 38% from the Fourth Quarter Last Year
- Adjusted EBITDA of $31.2 Million for the Fourth Quarter, a 15% Increase from the Fourth Quarter Last Year
Adam Portnoy, President and Chief Executive Officer, made the following statement regarding the fourth quarter fiscal 2018 results:
"The fourth quarter marked the close of another strong fiscal year with continued growth in revenues, net income per share and Adjusted EBITDA. We are especially pleased with this fiscal quarter's Adjusted EBITDA of $31.2 million and Adjusted EBITDA margin of 59.7%, both at their highest levels since we became a public company in 2015 and reflecting the strength and stability of our operating platform.
In this fiscal year we also made progress on our goals to diversify our revenues and grow assets under management through the formation of two new client companies, including our first real estate investment vehicle targeting private investors."
For earnings history and earnings-related data on The RMR Group Inc. (RMR) click here.