The RMR Group Inc. (NASDAQ: RMR) reported Q3 EPS of $0.47, $0.01 better than the analyst estimate of $0.46.

“This quarter, management and advisory services revenues were $45.5 million, an increase of 16% from the same time last year, when the pandemic was having its most severe impacts on our clients. This quarter’s results, which also saw significant increases in earnings per share, cash flows and EBITDA margins, reflect post pandemic tailwinds across many of the sectors we operate in. More specifically, this quarter saw meaningful increases in the enterprise values at our Managed Equity REITs, solid operating results at Sonesta, as travel volumes increased across the country, and a strong quarter from both fuel and non-fuel revenues at TravelCenters of America. Additionally, Adjusted EBITDA Margin was 51.1% this quarter, a sequential quarter increase of 300 basis points, which we believe showcases RMR’s operating leverage and earnings potential amidst the ongoing economic recovery.

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