RMR Group revenue slips 8.2% as net income falls 39.2% in fiscal 2026

what happened

According to a 10-K annual filing summary published by TradingView, RMR Group's revenue for fiscal 2026 fell 8.2% to $643.21 million. Net income attributable to the company dropped 39.2% to $10.7 million, and diluted earnings per share declined to $0.61 from $1.03 a year earlier.

Higher incentive fees from DHC and ILPT for calendar 2025 and rising rental property revenue did not fully offset a $7.0 million decline in management services revenue. The company attributed that drop mainly to the wind-down of AlerisLife and lower construction supervision work. Interest expense also rose. Assets under management in private capital reached $11.9 billion.

why it matters

Management fees remain RMR's core revenue source, so their decline, combined with higher borrowing costs, flows directly into lower profit. Incentive fees depend on the results of partner REITs and are less predictable, which makes earnings more sensitive to their timing. Investors will likely watch whether these income streams hold up in coming periods.

market impact

RMR shares: lower profit and management revenue puts pressure on the stock

• ▼RMR Group shares pressure down — profit and management fee revenue both fell, weighing on earnings

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