The RMR Group Inc. Class A Common Stock (RMR)

FairStock Score: 81/100 — HIGH CONVICTION

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I see RMR Group as a fee-based real estate asset manager tied to several publicly traded REITs and private vehicles rather than an owner of hard assets. The business has been shrinking. In fiscal 2025, the year ended 2025-09-30, revenue was $182.7M and net income was $17.6M, down from $193.9M and $23.1M in fiscal 2024 and $236.2M and $57.1M in fiscal 2023. FairStock calls it a slow grower that is shrinking, with profit falling 9.4% a year and revenue falling 20.9% over five years. Recent quarters remain uneven: in fiscal Q3 2026, the quarter ended 2026-06-30, revenue was $45.5M and net income was $3.2M, versus revenue of $44.1M and net income of $4.2M in fiscal Q3 2025. The moat looks limited because revenue depends on a small set of affiliated vehicles, and the long-term record is contraction, not pricing power. Financial health is mixed: the given metrics show D/E 0.46, Altman Z 1.84, ROE 10.86%, and ROCE 6.33%. Piotroski 7/9 is a positive accounting signal. At the close on 2026-10-13, the price was $18.32; FairStock calculations show P/E 15.93, P/B 1.40, EV/EBITDA 5.38, and a Graham Number of $18.42, leaving only 0.54% margin of safety. The 30.1% FCF yield and 9.61% dividend yield are striking, but with revenue and profit declining, I would question sustainability. Price looks fair at best, not a bargain, until the contraction stops.

In plain English: RMR Group manages real estate assets for several public and private property companies. Its sales and profits have shrunk over the past few years, but it still produces a lot of cash and pays a large dividend. At $18.32, the stock looks roughly fairly priced compared with its earnings and accounting value, not clearly cheap or expensive.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q3 2026 10-Q (period ended 2026-06-30) · fiscal Q2 2026 10-Q (period ended 2026-03-31) · fiscal Q1 2026 10-Q (period ended 2025-12-31) · fiscal Q3 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-09-30) · FY2024 10-K (period ended 2024-09-30) · FY2023 10-K (period ended 2023-09-30)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer