The RMR Group Inc. (RMR) Reports Q1 EPS of $0.62, Revenues Beat

*Notes: EPS may not be be comparable

The RMR Group Inc. (NASDAQ: RMR) reported Q1 EPS of $0.62*, versus $3.23 reported last year. Revenue for the quarter came in at $280.31 million versus the consensus estimate of $181.4 million.

• Net Income Attributable to The RMR Group Inc. of $3.22 Per Diluted Share and Adjusted Net Income Attributable to The RMR Group Inc. of $0.62 Per Diluted Share
• Incentive Business Management Fees Earned For Calendar Year 2018 of $120.1 Million, or $2.82 Per Diluted Share

"We are pleased with our first quarter operating results, as adjusted net income of $0.62 per diluted share was up 3% compared to last year. During the quarter, we generated net income of $118.1 million, Adjusted EBITDA of $29.4 million and an Adjusted EBITDA Margin of 58%.

During the quarter, we also successfully helped facilitate the merger of Government Properties Income Trust and Select Income REIT to form Office Properties Income Trust, or OPI. This merger received significant shareholder support and we look forward to advancing OPI's investment strategy of owning buildings primarily leased to single tenants and those with high credit quality characteristics, like government entities.

At the close of the first fiscal quarter, our balance sheet continues to leave us well positioned to assess strategic opportunities for future growth."

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

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