9/30/2019 | By Nareit Staff
The RMR Group Inc. (Nasdaq: RMR) was recently ranked 75th on Fortune Magazine’s 100 Fastest-Growing Companies list for 2019.
The ranking, applied to U.S. publicly traded companies, is based on the combination of revenue growth, earnings growth, and the three-year annualized total return for the period that ended June 28, 2019.
Adam Portnoy, president and CEO of RMR, said the award reflected RMR’s “careful stewardship of our client companies and commitment to growing our business.”
He added that RMR is “unique as an alternative asset manager because we are a vertically integrated real estate organization. We believe that a steady focus on property level operations can translate into strong long-term financial performance. With $377 million in cash and no debt on our balance sheet, we believe we are well-positioned for continued growth.”
RMR’s managed REITs include: Service Properties Trust (Nasdaq: SVC); Senior Housing Properties Trust (Nasdaq: SNH); Office Properties Income Trust; Industrial Logistics Properties Trust (Nasdaq: ILPT); and Tremont Mortgage Trust (Nasdaq: TRMT).