The RMR Group Inc (RMR) released its second quarter results on Monday, May 10, 2021. The company reported net earnings of $0.30 per share for the second quarter ending March 31, 2021. Earnings for this past quarter declined 23 percent compared to the same period a year ago.
The RMR Group Inc. was founded in 1986 and is headquartered in Newton, Massachusetts. The RMR Group Inc., through its subsidiary, The RMR Group LLC, provides business and property management services in the United States. It provides management services to its four publicly traded real estate investment trusts (REITs) and three real estate operating companies.
RMR Group's revenue decreased 5 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins increased to 42.84% for the second quarter compared to the same period in the previous year, and operating margins decreased to 9.85% over the same period. Net earnings for past trailing twelve months were $26.5 million, down 11% from the prior year.
Moving on to the balance sheet, RMR Group's cash levels dropped 0% for the second quarter over the same period last year. The company increased shares outstanding by 0.61%.
Shares of RMR are currently trading around $39.22. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 24.65 and price to book ratio of 4.09.