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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2018
Revenues:      
Revenues, net $ 589,505 $ 713,368 $ 404,979
Expenses:      
Compensation and benefits 121,386 114,529 108,763
Equity based compensation 7,828 9,040 10,423
Separation costs 1,881 7,050 3,730
Total compensation and benefits expense 131,095 130,619 122,916
General and administrative 26,514 28,706 27,149
Other client company reimbursable expenses 360,572 354,540 0
Transaction and acquisition related costs 1,618 698 1,697
Depreciation and amortization 968 1,017 1,248
Total expenses 520,767 515,580 153,010
Operating income 68,738 197,788 251,969
Interest and other income 4,451 8,770 4,546
Tax receivable agreement remeasurement 0 0 24,710
Impairment loss on Tremont Mortgage Trust investment 0 (6,213) (4,359)
Equity in earnings (losses) of investees 1,545 719 (578)
Unrealized gain (loss) on equity method investment accounted for under the fair value option 3,151 (4,700) 0
Income (loss) before income tax expense 77,885 196,364 276,288
Income tax expense (11,552) (27,320) (58,862)
Net income 66,333 169,044 217,426
Net income attributable to noncontrolling interest (37,541) (94,464) (121,385)
Net income attributable to The RMR Group Inc. $ 28,792 $ 74,580 $ 96,041
Weighted average number of shares outstanding, basic (in shares) 16,194 16,132 16,077
Weighted average common shares outstanding - diluted (in shares) 31,194 16,143 16,120
Net income attributable to RMR Inc. per common share - basic (in dollars per share) $ 1.77 $ 4.59 $ 5.94
Net income attributable to The RMR Group Inc. per common share - diluted (in dollars per share) $ 1.75 $ 4.59 $ 5.92
Total management and advisory services revenues      
Revenues:      
Revenues $ 171,677 $ 301,338 $ 351,827
Management services      
Revenues:      
Revenues 168,766 178,075 191,594
Incentive business management fees      
Revenues:      
Revenues 0 120,094 155,881
Advisory services      
Revenues:      
Revenues 2,911 3,169 4,352
Total reimbursable costs      
Revenues:      
Revenues 417,828 412,030 53,152
Reimbursable compensation and benefits      
Revenues:      
Revenues 57,256 57,490 53,152
Other client company reimbursable expenses      
Revenues:      
Revenues $ 360,572 $ 354,540 $ 0