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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Revenues:        
Total revenues $ 197,654 $ 131,564 $ 379,222 $ 288,510
Expenses:        
Compensation and benefits 31,710 30,586 63,501 60,080
Equity based compensation 1,988 1,752 4,207 5,313
Separation costs 217 0 217 4,159
Total compensation and benefits expense 33,915 32,338 67,925 69,552
General and administrative 8,470 7,104 16,141 13,364
Other reimbursable expenses 133,493 75,208 253,051 174,593
Transaction and acquisition related costs 0 296 0 413
Depreciation and amortization 242 251 478 489
Total expenses 176,120 115,197 337,595 258,411
Operating income 21,534 16,367 41,627 30,099
Interest and other income 66 204 123 435
Equity in earnings of investees 0 303 0 727
Unrealized (loss) gain on equity method investments accounted for under the fair value option (4,560) (3,402) (3,364) 4,720
Income before income tax expense 17,040 13,472 38,386 35,981
Income tax expense (2,451) (1,992) (5,505) (4,748)
Net income 14,589 11,480 32,881 31,233
Net income attributable to noncontrolling interest (8,197) (6,539) (18,447) (17,395)
Net income attributable to The RMR Group Inc. $ 6,392 $ 4,941 $ 14,434 $ 13,838
Weighted average common shares outstanding - basic (in shares) 16,329 16,256 16,327 16,254
Weighted average common shares outstanding - diluted (in shares) 31,331 31,280 31,328 31,254
Net income attributable to The RMR Group Inc. per common share - basic (in dollars per share) $ 0.39 $ 0.30 $ 0.88 $ 0.84
Net income attributable to The RMR Group Inc. per common share - diluted (in dollars per share) $ 0.39 $ 0.30 $ 0.88 $ 0.81
Total management and advisory services revenues        
Revenues:        
Total revenues $ 49,288 $ 41,991 $ 95,303 $ 83,324
Management services        
Revenues:        
Total revenues 48,151 40,242 93,048 80,989
Incentive business management fees        
Revenues:        
Total revenues 0 620 0 620
Advisory services        
Revenues:        
Total revenues 1,137 1,129 2,255 1,715
Total reimbursable costs        
Revenues:        
Total revenues 148,366 89,573 283,919 205,186
Reimbursable compensation and benefits        
Revenues:        
Total revenues 13,506 13,159 27,903 26,384
Reimbursable equity based compensation        
Revenues:        
Total revenues 1,367 1,206 2,965 4,209
Other reimbursable expenses        
Revenues:        
Total revenues $ 133,493 $ 75,208 $ 253,051 $ 174,593