RMR discloses Q2 revenue decline, AI investment roadmap, and valuation analysis claiming 116% upside

Filed June 1, 2026 · Period ending June 1, 2026 · ~1 min read

Key Changes

• high

  Q2 FY2026 management revenues fell to $42.0M from $66.7M in Q1, with net income dropping to $1.0M from $12.2M sequentially, reflecting lower incentive fees.

  Exhibit 99.1 verify on EDGAR →
• high

  Company presents sum-of-the-parts analysis claiming its management fee stream trades at 5.7x EBITDA vs. peer average of 17.5x, implying $44.14 share price (116% upside from $20.40).

  Exhibit 99.1 verify on EDGAR →
• high

  Managed REITs completed $1.5B+ in asset sales and refinancings in 2025-2026, including ILPT's $1.62B refi unlocking $20M annual cash flow and SVC's sale of 112 hotels for $859M.

  Exhibit 99.1 verify on EDGAR →