RMR net income falls 72% on higher below-the-line costs as OPI bankruptcy caps fees, AlerisLife exits

Filed May 6, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 6, 2025 · ~2 min read

Key Changes

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  Net income dropped 72% to $1.0M (from $3.6M) while operating income fell only 7%, indicating the earnings decline came from below-the-line items (taxes, interest, or non-operating expenses) rather than core operations—driver not disclosed in filing.

  MD&A: Financial Results verify on EDGAR →
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  OPI filed chapter 11 bankruptcy in October 2025; RMR agreed to new five-year management contracts capping business management fees at $14M annually for two years (replacing percentage-of-assets formula), reducing upside from any OPI recovery.

  MD&A: OPI Restructuring verify on EDGAR →
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  AlerisLife completed sale of all assets in January 2026 and is winding down operations; RMR will provide services through wind-down but this client will no longer generate ongoing revenue once concluded.

  MD&A: Other Clients verify on EDGAR →