The following is a summary of the The RMR Group Inc. (RMR) Q4 2024 Earnings Call Transcript:

Financial Performance:

• RMR Group reported adjusted earnings per share of $0.34, distributable earnings per share of $0.51, and adjusted EBITDA of $21.8 million.

• Recurring service revenues totaled $48 million this quarter, reflecting a decrease of approximately $900,000 sequentially.

• The company foresees adjusted earnings per share between $0.34 to $0.36 and distributable earnings between $0.46 to $0.48 per share in the upcoming quarter.

Business Progress:

• RMR Group is increasing its focus on private capital business and expanding its RMR Residential platform, having recently acquired a 240-unit garden-style community in Denver.

• The company has strategic initiatives for private debt vehicles, targeting $100 million in middle market and transitional bridge loans with $67 million already committed.

• They are actively managing public REITs, arranging significant leasing deals and optimizing real estate portfolios for sustainability and growth.

Opportunities:

• The U.S. multifamily market presents significant growth opportunities due to housing shortages and high home ownership costs.

• The company sees potential for increased adjusted EBITDA contributions from new investments and strategic partnerships in the coming year.

Risks:

• Continued elongated fundraising cycle in the industry may affect the speed and effectiveness of capital raising efforts.

More details: The RMR Group IR

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