RMR GROUP INC.

The RMR Group Inc. (Nasdaq: RMR) is a holding company that operates through its majority-owned subsidiary, The RMR Group LLC, providing comprehensive management and advisory services to real estate businesses and investment vehicles. Founded in 1986, RMR has grown to manage approximately $39.0 billion in assets under management across nearly 1,900 properties located throughout the United States, the District of Columbia, Puerto Rico and Canada. The company employs nearly 900 real estate professionals across more than 30 offices nationwide.

RMR's primary business involves managing four publicly traded equity real estate investment trusts: Diversified Healthcare Trust, which owns medical office, life science and senior living properties; Industrial Logistics Properties Trust, focused on industrial and logistics assets; Service Properties Trust, which owns hotels and net lease retail properties; and Office Properties Income Trust, specializing in office properties. These four managed equity REITs represent 68.0% of the company's total management and advisory services revenue. Beyond these core clients, RMR provides management services to Seven Hills Realty Trust, a mortgage REIT, through its Tremont Realty Capital subsidiary, which is registered as an investment adviser with the Securities and Exchange Commission.

The company also manages private capital vehicles and residential real estate assets through its RMR Residential division, acquired through the December 2023 acquisition of MPC Partnership Holdings LLC. Additional clients include AlerisLife, an owner and operator of senior living communities, and Sonesta International Hotels Corporation, a privately owned hotel franchisor and operator. RMR's business model emphasizes long-term management agreements with predominantly credit-quality companies, many of which are permanent capital vehicles. The company generates revenues through base management fees, incentive fees tied to client performance, property management fees, construction supervision fees and advisory services fees.

RMR's competitive advantages include its diverse portfolio of managed real estate across multiple asset classes, experienced management team with deep expertise across business cycles, vertically integrated operations, and strong alignment of interests with its principal executive officer holding significant economic interest in the business. The company's clients have successfully completed nearly $47.0 billion in equity and debt financing across over 190 capital raising transactions since 1986.