v3.26.1
Shareholders’ Equity
 9 Months Ended
Jun. 30, 2026
Stockholders' Equity Note [Abstract]  
Shareholders’ Equity Shareholders’ Equity
On March 26, 2026, we awarded 6,426 of our Class A Common Shares, valued at $15.56 per share, the closing price of our Class A Common Shares on The Nasdaq Stock Market LLC, or Nasdaq, on that day, to each of our six Directors as part of his or her annual compensation for serving as a Director. For the nine months ended June 30, 2026, we recognized general and administrative expense of $600 for these awards.
Equity based compensation expense related to shares awarded to certain officers and employees was $487 and $454 for the three months ended June 30, 2026 and 2025, respectively, and $1,730 and $1,484 for the nine months ended June 30, 2026 and 2025.
The aggregate value of 1,396 and 8,710 Class A Common Shares repurchased during the three months ended June 30, 2026 and 2025 was $27 and $134, respectively. The aggregate value of 6,659 and 10,381 Class A Common Shares repurchased during the nine months ended June 30, 2026 and 2025 was $108 and $163, respectively. We recognize the repurchase of Class A Common Shares as a decrease to additional paid in capital included in shareholders’ equity in our condensed consolidated balance sheets.
Distributions
During the nine months ended June 30, 2026 and 2025, we declared and paid dividends on our Class A Common Shares and Class B-1 common stock, or Class B-1 Common Shares, as follows:
DeclarationRecordPaidDistributionsTotal
DateDateDatePer Common ShareDistributions
Nine Months Ended June 30, 2026
10/9/202510/27/202511/13/2025$0.45 $7,678 
1/15/20261/26/20262/19/20260.45 7,676 
4/9/20264/21/20265/14/20260.45 7,692 
$1.35 $23,046 
Nine Months Ended June 30, 2025
10/16/202410/28/202411/14/2024$0.45 $7,581 
1/16/20251/27/20252/20/20250.45 7,580 
4/10/20254/22/20255/15/20250.45 7,595 
$1.35 $22,756 
These dividends were funded by cash accumulated at RMR Inc. and by distributions from RMR LLC to holders of its membership units as follows:
Distributions PerTotalRMR LLCRMR LLC
DeclarationRecordPaidRMR LLCRMR LLCDistributionsDistributions
DateDateDateMembership UnitDistributionsto RMR Inc.to ABP Trust
Nine Months Ended June 30, 2026
10/9/202510/27/202511/13/2025$0.32 $10,260 $5,460 $4,800 
1/15/20261/26/20262/19/20260.32 10,259 5,459 4,800 
4/9/20264/21/20265/14/20260.32 10,270 5,470 4,800 
$0.96 $30,789 $16,389 $14,400 
Nine Months Ended June 30, 2025
10/16/202410/28/202411/14/2024$0.32 $10,191 $5,391 $4,800 
1/16/20251/27/20252/20/20250.32 10,190 5,390 4,800 
4/10/20254/22/20255/15/20250.32 10,201 5,401 4,800 
$0.96 $30,582 $16,182 $14,400 
As of June 30, 2026 and September 30, 2025, we had cash and cash equivalents of $58,203 and $62,297, respectively, of which $15,386 and $19,478, respectively, was held by RMR Inc., and $42,817 and $42,819, respectively, was held by RMR LLC and its subsidiaries.
On July 9, 2026, we declared a quarterly dividend on our Class A Common Shares and Class B-1 Common Shares to our shareholders of record as of July 20, 2026, in the amount of $0.45 per Class A Common Share and Class B-1 Common Share, or $7,692. This dividend will be partially funded by a distribution from RMR LLC to holders of its membership units in the amount of $0.32 per unit, or $10,270, of which $5,470 will be distributed to us based on our aggregate ownership of 17,092,402 membership units of RMR LLC and $4,800 will be distributed to ABP Trust based on its ownership of 15,000,000 membership units of RMR LLC. The remainder of this dividend will be funded with cash held by RMR Inc. We expect to pay this dividend on or about August 13, 2026.