The RMR Group’s stock rose 3.1% following earnings, driven by better-than-expected distributable earnings and adjusted EBITDA, alongside continued progress in deleveraging and leasing activity at key managed REITs.
- Distributable earnings reached $0.44 per share, with adjusted EBITDA totaling $18.5 million, both at the high end of expectations.
- DHC reported normalized FFO of $33 million ($0.14 per share) and adjusted EBITDA of $74 million, supported by 13.5% same-property NOI growth and a 110 basis point increase in occupancy.
- ILPT delivered normalized FFO of $0.33 per share and adjusted EBITDA of $87 million, alongside leasing gains with rental rates increasing 26% on 862k square feet leased.
- SVC advanced its balance sheet via a $575 million equity offering, eliminating unsecured debt maturities until 2028 and positioning for an earnings recovery.
- Seven Hills saw record loan commitments of $776 million and originations at the highest net interest margins in four years, reflecting targeted middle market lending.
Community Discussion