Shareholders’ Equity (Tables)

12 Months Ended

Sep. 30, 2020

Equity [Abstract]

Schedule of unvested restricted stock awards

A summary of shares granted and vested, including shares withheld, repurchased or forfeited, under the terms of the 2016 Plan for the fiscal years ended September 30, 2020, 2019 and 2018 is as follows:

	2020			2019			2018
		Weighted			Weighted			Weighted
	Number	Average		Number	Average		Number	Average
	of	Grant Date		of	Grant Date		of	Grant Date
	Shares	Fair Value		Shares	Fair Value		Shares	Fair Value
Unvested shares, beginning of year	126,160	$	59.38	110,240	$	69.11	104,020	$	45.57
Shares granted	111,700	$	30.04	90,400	$	48.31	77,500	$	90.83
Vested shares withheld and repurchased	(17,539)	$	29.83	(17,167)	$	48.18	(11,369)	$	86.92
Shares vested	(75,101)	$	39.18	(56,833)	$	51.46	(59,671)	$	64.90
Shares forfeited	(1,230)	$	40.08	(480)	$	68.95	(240)	$	84.90
Unvested shares, end of year	143,990	$	44.10	126,160	$	59.38	110,240	$	69.11

Schedule of distributions

During the fiscal years ended September 30, 2020, 2019 and 2018, we declared and paid distributions on our Class A Common Shares and Class B-1 Common Shares as follows:

Declaration	Record	Paid	Distributions		Total
Date	Date	Date	Per Common Share		Distributions
Fiscal Year Ended September 30, 2020
10/17/2019	10/28/2019	11/14/2019	$	0.38	$	6,195
1/16/2020	1/27/2020	2/20/2020	0.38		6,194
4/16/2020	4/27/2020	5/21/2020	0.38		6,200
7/16/2020	7/27/2020	8/20/2020	0.38		6,200
			$	1.52	$	24,789
Fiscal Year Ended September 30, 2019
10/18/2018	10/29/2018	11/15/2018	$	0.35	$	5,680
1/18/2019	1/28/2019	2/21/2019	0.35		5,680
4/18/2019	4/29/2019	5/16/2019	0.35		5,684
7/18/2019	7/29/2019	8/15/2019	0.35		5,683
			$	1.40	$	22,727
Fiscal Year Ended September 30, 2018
10/12/2017	10/23/2017	11/16/2017	$	0.25	$	4,041
1/19/2018	1/29/2018	2/22/2018	0.25		4,040
4/19/2018	4/30/2018	5/17/2018	0.25		4,044
7/19/2018	7/30/2018	8/16/2018	0.25		4,044
			$	1.00	$	16,169

These distributions were funded in part by distributions from RMR LLC to holders of its membership units as follows:

			Distributions Per		Total		RMR LLC		RMR LLC
Declaration	Record	Paid	RMR LLC		RMR LLC		Distributions		Distributions
Date	Date	Date	Membership Unit		Distributions		to RMR Inc.		to ABP Trust
Fiscal Year Ended September 30, 2020
10/17/2019	10/28/2019	11/14/2019	$	0.30	$	9,391	$	4,891	$	4,500
1/16/2020	1/27/2020	2/20/2020	0.30		9,390		4,890		4,500
4/16/2020	4/27/2020	5/21/2020	0.30		9,394		4,894		4,500
7/16/2020	7/27/2020	8/20/2020	0.30		9,395		4,895		4,500
			$	1.20	$	37,570	$	19,570	$	18,000
Fiscal Year Ended September 30, 2019
10/18/2018	10/29/2018	11/15/2018	$	0.30	$	9,369	$	4,869	$	4,500
1/18/2019	1/28/2019	2/21/2019	0.30		9,369		4,869		4,500
4/18/2019	4/29/2019	5/16/2019	0.30		9,372		4,872		4,500
7/18/2019	7/29/2019	8/15/2019	0.30		9,371		4,871		4,500
			$	1.20	$	37,481	$	19,481	$	18,000
Fiscal Year Ended September 30, 2018
10/12/2017	10/23/2017	11/16/2017	$	0.25	$	7,791	$	4,041	$	3,750
1/19/2018	1/29/2018	2/22/2018	0.25		7,790		4,040		3,750
4/19/2018	4/30/2018	5/17/2018	0.25		7,794		4,044		3,750
7/19/2018	7/30/2018	8/16/2018	0.25		7,794		4,044		3,750
			$	1.00	$	31,169	$	16,169	$	15,000