v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows from Operating Activities:    
Net income $ 36,285 $ 31,097
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 13,548 7,810
Amortization expense related to other assets 6,946 7,062
(Reversal of) provision for deferred income taxes (720) 1,526
Loss on impairment of other assets 19,066 0
Gain on sale of real estate 0 (445)
Change in fair value of Earnout liability (3,639) (5,850)
Operating expenses paid in The RMR Group Inc. common shares 2,851 2,500
Distributions from investments 3,458 1,793
(Gain) loss on investments (17,389) 1,995
Other, net 563 (371)
Changes in assets and liabilities:    
Due from related parties (4,299) 45,570
Prepaid and other current assets (949) (5,957)
Reimbursable accounts payable and accrued expenses 5,336 (43,766)
Accounts payable and accrued expenses 21,880 17,154
Net cash provided by operating activities 82,937 60,118
Cash Flows from Investing Activities:    
Rental property acquisitions 0 (21,509)
Proceeds from sale of loan investments 61,733 0
Additional funding of loan investments 0 (7,430)
Purchase of property and equipment (4,836) (2,574)
Investment in joint ventures (6,425) (11,134)
Proceeds from sale of property 0 4,198
Net cash used in investing activities (25,342) (39,217)
Cash Flows from Financing Activities:    
Proceeds from secured financing facility 0 5,573
Repayments of secured financing facility (45,070) 0
Borrowings on revolving credit facility 50,000 0
Repayments of revolving credit facility (25,000) 0
Proceeds from mortgage notes payable 1,793 0
Payment of deferred financing fees 0 (172)
Distributions to noncontrolling interests (20,397) (23,289)
Distributions to common shareholders (23,046) (22,756)
Capital contributions from noncontrolling interests 139 0
Member distributions upon sale of 260 Woodstock 0 (409)
Repurchase of common shares (108) (163)
Net cash used in financing activities (61,689) (41,216)
Decrease in cash and cash equivalents (4,094) (20,315)
Cash and cash equivalents at beginning of period 62,297 141,599
Cash and cash equivalents at end of period 58,203 121,284
Supplemental Disclosures:    
Income taxes paid 4,034 4,240
Interest paid 7,123 4,488
Non-cash investing and financing activities:    
Recognition of right of use assets and related lease liabilities 567 1,352
Property and equipment accrued, not paid 30 160
Residential Fund    
Cash Flows from Investing Activities:    
Investment in residential fund (990) (768)
SEVN    
Adjustments to reconcile net income to net cash provided by operating activities:    
Distributions from investments 3,042 1,793
(Gain) loss on investments 801 1,110
Cash Flows from Investing Activities:    
Investment in residential fund (24,824) 0
SVC    
Adjustments to reconcile net income to net cash provided by operating activities:    
Distributions from investments 416  
(Gain) loss on investments (20,833)  
Cash Flows from Investing Activities:    
Investment in residential fund $ (50,000) $ 0