NEWTON, Mass.--(BUSINESS WIRE)--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 ended June 28, 2019. RMR is one of only three real estate related companies to rank on this list.
This ranking follows several recent honors from industry and government organizations achieved by RMR and the client companies it manages. Between January and June 2019, four properties managed by The RMR Group LLC achieved BOMA 360 designation and four properties earned LEED certifications. In June 2019, RMR client company Office Properties Income Trust (Nasdaq: OPI) was named a 2019 Green Lease Leader. In April, both RMR and OPI received 2019 ENERGY STAR® Partner of the Year Award from the U.S. Environmental Protection Agency and the U.S. Department of Energy.
“This recognition from Fortune Magazine is the result of RMR’s careful stewardship of our client companies and commitment to growing our business,” said Adam Portnoy, President and Chief Executive Officer of RMR. “We are 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.”
To learn more about Fortune's 2019 list of the 100 Fastest-Growing Companies, visit https://fortune.com/100-fastest-growing-companies/2019.
About The RMR Group Inc.
The RMR Group Inc. is a holding company and substantially all of its business is conducted by its majority owned operating subsidiary, The RMR Group LLC. The RMR Group LLC is an alternative asset management company that primarily provides management services to publicly traded REITs and real estate related operating companies. As of June 30, 2019, The RMR Group LLC had approximately $30.6 billion of total assets under management, including more than 1,500 properties, and employed nearly 600 real estate professionals in more than 30 offices throughout the United States; the companies managed by The RMR Group LLC collectively had over 50,000 employees. The RMR Group Inc. is headquartered in Newton, Massachusetts.
