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THE RMR GROUP Two Newton Place 255 Washington Street , Suite 300 Newton , Massachusetts 02458 617-796-8390 rmrgroup.com FOR IMMEDIATE RELEASE The RMR Group Inc. Announces Third Quarter Fiscal 2021 Results Net Income of $ 19.0 Million , or $ 0.50 Per Diluted Share Adjusted Net Income of $ 0.47 Per Diluted Share , a 27 % Sequential Quarter Increase and a 24 % Increase from Last Year Adjusted EBITDA of $ 24.4 Million , a 16 % Sequential Quarter Increase and a 25 % Increase from Last Year Newton , MA ( August 5 , 2021 ) . The RMR Group Inc. ( Nasdaq : RMR ) today announced its financial results for the fiscal quarter ended June 30 , 2021 . Adam Portnoy , President and Chief Executive Officer , made the following statement regarding the third quarter fiscal 2021 results : " This quarter , management and advisory services revenues were $ 45.5 million , an increase of 16 % from the same time last year , when the pandemic was having its most severe impacts on our clients . This quarter's results , which also saw significant increases in earnings per share , cash flows and EBITDA margins , reflect post pandemic tailwinds across many of the sectors we operate in . More specifically , this quarter saw meaningful increases in the enterprise values at our Managed Equity REITs , solid operating results at Sonesta , as travel volumes increased across the country , and a strong quarter from both fuel and non - fuel revenues at TravelCenters of America . Additionally , Adjusted EBITDA Margin was 51.1 % this quarter , a sequential quarter increase of 300 basis points , which we believe showcases RMR's operating leverage and earnings potential amidst the ongoing economic recovery . We remain optimistic that we may begin earning incentive fees this calendar year , as Office Properties Income Trust's potential 2021 incentive fee increased by $ 1.4 million to $ 22.2 million , based on its total return per share out - performance relative to its peers through June . With almost $ 400 million of cash and no debt , we remain well positioned to pursue numerous capital allocation strategies , including the potential return of shareholder capital . " Third Quarter Fiscal 2021 Highlights : As of June 30 , 2021 , The RMR Group LLC had $ 32.4 billion of assets under management , or AUM , compared to $ 32.1 billion as of June 30 , 2020 . Total management and advisory services revenues for the quarter ended June 30 , 2021 , were $ 45.5 million , compared to $ 39.3 million for the quarter ended June 30 , 2020 .