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Latest RMR News From Around the Web
Below are the latest news stories about Rmr Group Inc that investors may wish to consider to help them evaluate RMR as an investment opportunity.
Today's rating actions reflect the REIT's high leverage, weak liquidity and pre-existing operating challenges that make it particularly vulnerable to risks stemming from the coronavirus outbreak. DHC's Ba2 CFR reflects its diversification among multiple segments of healthcare real estate, including senior housing, medical office buildings, life sciences, and, to a much lesser extent, wellness centers and skilled nursing.
The RMR Group Announces Progress of Muse at Torrey Pines, an Essential Life Science Campus Redevelopment to Open in Fall 2020
SAN DIEGO--(BUSINESS WIRE)--The RMR Group Inc. (Nasdaq: RMR) announced today that it has reached a new milestone in the $100 million redevelopment of Muse at Torrey Pines (Muse), with new building skins being installed to the 186,000-square-foot project. When complete, Muse will be one of the first new Class A life science spaces to come online in the Torrey Pines area of San Diego in the past several years. A three-building campus, Muse is located at 3030, 3040 and 3050 Science Park Road and i
RMR Group (RMR) delivered earnings and revenue surprises of 0.00% and -9.61%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group Inc. (Nasdaq: RMR) today announced its financial results for the fiscal quarter ended March 31, 2020. Adam Portnoy, President and Chief Executive Officer, made the following statement regarding the second quarter fiscal 2020 results: “The market disruptions resulting from the COVID-19 pandemic have led to share price declines for our Managed Equity REITs, which have significantly reduced our fee-paying assets under management beginning in the latter
NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group Inc. (Nasdaq: RMR) today announced that it will issue a press release containing its second quarter 2020 financial results before the Nasdaq opens on Monday, May 11, 2020. At 1:00 p.m. Eastern Time that afternoon, President and Chief Executive Officer Adam Portnoy and Chief Financial Officer Matt Jordan will host a conference call to discuss these results. The conference call telephone number is (877) 329-4297. Participants calling from outside the
The RMR Group Inc. Announces Quarterly Dividend on Common Shares and Withdraws Fiscal Second Quarter 2020 Guidance
NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group Inc. (Nasdaq: RMR) today announced a regular quarterly cash dividend on its shares of Class A Common Stock and Class B-1 Common Stock of $0.38 per share ($1.52 per share per year). This distribution will be paid to RMR’s shareholders of record as of the close of business on April 27, 2020 and distributed on or about May 21, 2020. Additionally, due to the uncertain outlook caused by the COVID-19 pandemic, RMR is withdrawing its previously issued fisc
NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group Inc. (Nasdaq: RMR) today announced that it received the 2020 ENERGY STAR® Partner of the Year Award for its outstanding efforts as a Service and Product Provider in executing ENERGY STAR related activities at buildings it manages on behalf of its client companies for the second year in a row. RMR is responsible for providing all aspects of management services and strategy for more than 1,300 properties with over 93 million square feet of commercial
The RMR Group Announces Execution of Renewal Lease for 11,090 Square Feet at 8900 Grand Oak Circle in Tampa, FL
NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group Inc. (Nasdaq: RMR) today announced that the Department of Veterans Affairs recently signed a 10-year lease renewal for 11,090 square feet at 8900 Grand Oak Circle in Tampa, Florida. The property is a 67,916 square foot, three-story suburban office building that is currently 100% occupied. Situated in close proximity to Interstate 75, 8900 Grand Oak Circle is located near James A. Haley Veterans’ Hospital as well as numerous dining and hotel options.
NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group Inc. (Nasdaq: RMR) today announced the execution of new and renewal leases totaling 44,279 square feet at Park Central in Norfolk, Virginia. AMR - Norfolk, formerly Clinical Research Associates, signed a new lease at the property. Virginia Ophthalmology Associates, P.C., Elite Women’s Care, P.C. and Robert M. Selden, Jr. D.D.S. signed renewal leases. Additionally, Atlantic Orthopaedic Specialists and Ear, Nose & Throat, Ltd. signed renewals and
The RMR Group Announces Execution of Renewal Lease for 97,295 Square Feet at 10451 Clay Road in Houston, TX
NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group Inc. (Nasdaq: RMR) today announced that TGS-NOPEC Geophysical Company recently renewed its full-building lease of 97,295 square feet at 10451 Clay Road in Houston, Texas. The ENERGY STAR-rated property is a three-story, Class A office building located approximately 17 miles northwest of Houston’s central business district. Conveniently situated near numerous dining, retail and hotel options, 10451 Clay Road is in close proximity to the Sam Houston P