Related Party & Nonrelated Party was Rmr’s largest revenue line in fiscal 2025, bringing in $193.42M of $693.32M (28%).
| Related and Nonrelated Parties | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|
| Opi | $350.34M | $372.37M | $29.90M | $24.04M |
| Related Party & Nonrelated Party | — | — | — | $193.42M |
| Managed Public Real Estate Capital | — | — | — | $128.98M |
| Total Managed Equity Reits | — | — | — | $123.77M |
| Dhc | $188.11M | $179.90M | $24.52M | $22.97M |
| Svc | $112.04M | $157.96M | $43.76M | $39.82M |
| Ilpt | $64.95M | $77.27M | $36.70M | $36.94M |
| Private Capital: | — | — | — | $53.73M |
| Other Private Entities | $74.42M | $90.41M | $21.34M | $21.17M |
| Ta | $17.99M | $58.69M | — | — |
| Rmr Residential | — | — | $16.94M | $17.52M |
| Total Revenues From Unrelated Parties | — | — | — | $10.72M |
| Sonesta | $9.12M | $10.02M | $9.36M | $9.31M |
| Sevn | $10.22M | $10.05M | $5.77M | $5.21M |
| Alerislife | $5.22M | $5.51M | $5.63M | $5.72M |
| Total | $832.40M | $962.19M | $193.92M | $693.32M |
Rmr brought in $693.32M from its 14 revenue lines in fiscal 2025, the year ended September 30, 2025. Rmr regrouped these revenue lines after fiscal 2024, so the total does not compare directly with that year's $193.92M. Related Party & Nonrelated Party was the largest at $193.42M (27.9%), ahead of Managed Public Real Estate Capital at $128.98M (18.6%) and Total Managed Equity Reits at $123.77M (17.9%). The other 11 revenue lines brought in $247.15M combined.
Compared with fiscal 2024, Rmr Residential grew fastest, up 3.5% to $17.52M, while Opi fell the most, down 19.6% to $24.04M.
Rmr began breaking out Related Party & Nonrelated Party in fiscal 2025, Managed Public Real Estate Capital in fiscal 2025, Total Managed Equity Reits in fiscal 2025 and Private Capital: in fiscal 2025. Rmr stopped reporting Ta as a separate revenue line after fiscal 2023, when it brought in $58.69M.
Management Services was Rmr’s largest product and service line in fiscal 2024, bringing in $188.20M of $193.92M (97%).
| Product and Service | FY 2016 | FY 2016 | FY 2017 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2024 |
|---|---|---|---|---|---|---|---|---|
| Other Reimbursable Expenses | — | |||||||
| Management Services | $188.20M | |||||||
| Total Management & Advisory Services Revenues | — | |||||||
| Termination & Incentive Fees | $1.21M | |||||||
| Incentive Business Management Fees | — | |||||||
| Reimbursable Compensation & Benefits | — | |||||||
| Total Reimbursable Costs | — | |||||||
| Reimbursable Payroll Related & Other Costs | — | |||||||
| Reimbursable Equity Based Compensation | — | |||||||
| Advisory Services | $4.51M | |||||||
| Total | $193.92M |
Rmr brought in $193.92M from its three product and service lines in fiscal 2024, the year ended September 30, 2024. Management Services was the largest at $188.20M (97.1%), ahead of Advisory Services at $4.51M (2.3%) and Termination & Incentive Fees at $1.21M (0.6%).
Rmr Llc was Rmr’s largest segment in fiscal 2021, bringing in $600.16M of $607.24M (99%).
| Statement Business Segments | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 |
|---|---|---|---|---|---|---|---|---|
| Rmr Llc | $346.42M | $354.54M | $584.17M | $600.16M | ||||
| All Other Operations | $9.76M | $6.53M | $5.34M | $7.08M | ||||
| Total | $356.18M | $361.07M | $589.51M | $607.24M |
Rmr brought in $607.24M from its two segments in fiscal 2021, the year ended September 30, 2021. That was up 3.0% from $589.51M in fiscal 2020. Rmr Llc was the largest at $600.16M (98.8%), ahead of All Other Operations at $7.08M (1.2%).
From fiscal 2018 to 2021, combined revenue from these segments grew from $356.18M to $607.24M, a compound annual growth rate of 19.5%. Rmr Llc's share of the total rose from 97.3% to 98.8%.
Rmr (RMR) reports its revenue by related and nonrelated parties, by product and service and by statement business segments. In fiscal 2025, Related Party & Nonrelated Party was its largest revenue line, bringing in $193.42M (27.9% of the total), followed by Managed Public Real Estate Capital at $128.98M (18.6%).
Related Party & Nonrelated Party was Rmr's largest revenue line in fiscal 2025, bringing in $193.42M, or 27.9% of the $693.32M total across its 14 revenue lines.
Management Services was Rmr's largest product and service line in fiscal 2024, bringing in $188.20M, or 97.1% of the $193.92M total across its three product and service lines.
Rmr Llc was Rmr's largest segment in fiscal 2021, bringing in $600.16M, or 98.8% of the $607.24M total across its two segments.
Every figure comes from Rmr's annual financial filings, as reported. Each line keeps the name Rmr gives it, and years follow its fiscal calendar.
Rmr's revenue by related and nonrelated parties goes back to fiscal 2022, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.