RMR集团股份有限公司-2025年季度报告

Indicate by check mark whether the registrant:(1)has filed all reports required to be filed by Section13 or 15(d)of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company.See the definitions of “large accelerated filer,” “accelerated filer,” “smaller If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided in Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes☐No☒ As of April30, 2025, there were15,877,246shares of Class A common stock, par value $0.001 per share,1,000,000shares ofClass B-1 common stock, par value $0.001 per share, and15,000,000shares of Class B-2 common stock, par value $0.001 per share FORM 10-Q March31, 2025 PART I.Financial Information Condensed Consolidated Balance Sheets — March 31, 2025 and September 30, 2024 3Condensed Consolidated Statements of Income — Three and Six Months Ended March 31, 2025 and 20244 Table of Contents See accompanying notes. The RMR Group Inc.Notes to Condensed Consolidated Financial Statements Note 1.Organization The RMR Group Inc., or RMR Inc., is a holding company and substantially all of its business is conducted by its majority ownedsubsidiary, The RMR Group LLC, or RMR LLC. RMR Inc. is a Maryland corporation and RMR LLC is a Maryland limited liabilitycompany. RMR Inc. serves as the sole managing member of RMR LLC and, in that capacity, operates and controls the business andaffairs of RMR LLC. In these condensed consolidated financial statements, unless otherwise indicated, “we”, “us” and “our” refer to As of March31, 2025, RMR Inc. owned15,879,239class A membership units of RMR LLC, or Class A Units, and1,000,000class B membership units of RMR LLC, or Class B Units. The aggregate RMR LLC membership units RMR Inc. owns represented52.9% of the economic interest of RMR LLC as of March31, 2025. We refer to economic interest as the right of a holder of a Class AUnit or Class B Unit to share in distributions made by RMR LLC and, upon liquidation, dissolution or winding up of RMR LLC, toshare in the assets of RMR LLC after payments to creditors. A wholly owned subsidiary of ABP Trust, a Maryland statutory trust,owns15,000,000redeemable Class A Units, representing47.1% of the economic interest of RMR LLC as of March31, 2025, which is RMR LLC provides management services tofourpublicly traded equity real estate investment trusts, or REITs: DiversifiedHealthcare Trust, or DHC, which owns medical office and life science properties, senior living communities and other healthcarerelated properties; Industrial Logistics Properties Trust, or ILPT, which owns and leases industrial and logistics properties; OfficeProperties Income Trust, or OPI, which owns and leases office properties primarily to single tenants and those with high credit quality RMR LLC’s wholly owned subsidiary, Tremont Realty Capital LLC, or Tremont, an investment adviser registered with theSecurities and Exchange Commission, or SEC, provides advisory services for Seven Hills Realty Trust, or SEVN. SEVN is apublicly traded mortgage REIT that focuses on originating and investing in first mortgage loans secured by middle market and RMR LLC provides management services to AlerisLife Inc., or AlerisLife, an operator of senior living communities, many ofwhich are owned by DHC, and Sonesta International Hotels Corporation, or Sonesta, a privately owned franchisor and operator ofhotels, resorts and cruise ships in the United States, Canada, Latin America, the Caribbean and the Middle East, and many of the RMR LLC provides management services through certain of its subsidiaries to multiple private funds, joint ventures and theunderlying residential real estate assets of the funds, as well as property management services to third party owners. The In addition, RMR LLC provides management services to other private capital vehicles including ABP Trust and other privateentities that own commercial real estate, of which certain of our Managed Equity REITs own minority equity interests. These Note 2.Basis of Presentation The accompanying condensed consolidated financial statements are unaudited. Certain information and disclosures required byU.S. generally accepted accounting principles, or GAAP, for complete financial statement