RMR

$3M Per Year Recurring Revenue Expected from a Single Client Upon Full Deployment by AITX’s Subsidiary Robotic Assistance Devices

Retrieved on: 
Tuesday, November 28, 2023

As of November 28, 2023, this single client has placed orders totaling 140 devices.

Key Points: 
  • As of November 28, 2023, this single client has placed orders totaling 140 devices.
  • Currently, RAD’s factory (the ‘REX’) can produce up to 40 RIO devices per month alongside the required ROSAs.
  • Upon full deployment to this client, the Company contracts indicate that over $250K in recurring monthly revenue (RMR) will be generated and should total over $3 million per year.
  • RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream.

The RMR Group Completes Acquisition of CARROLL Multifamily Platform

Retrieved on: 
Tuesday, December 19, 2023

The RMR Group (Nasdaq: RMR) today announced that it has completed its acquisition of MPC Partnership Holdings, LLC, doing business as CARROLL (“CARROLL”), a vertically integrated multifamily platform.

Key Points: 
  • The RMR Group (Nasdaq: RMR) today announced that it has completed its acquisition of MPC Partnership Holdings, LLC, doing business as CARROLL (“CARROLL”), a vertically integrated multifamily platform.
  • Adam Portnoy , President and Chief Executive Officer of RMR, made the following statement:
    “With the CARROLL acquisition, RMR was able to implement our growth strategy of leveraging our strong balance sheet to make strategic acquisitions.
  • I welcome the experienced and talented CARROLL team to RMR and look forward to working with them to further expand our multifamily platform.
  • The CenterCap Group, LLC served as exclusive financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to RMR on this transaction.

The RMR Group Named a Top Place to Work by The Boston Globe for the Fourth Consecutive Year

Retrieved on: 
Thursday, November 30, 2023

The RMR Group (Nasdaq: RMR) today announced that for the fourth consecutive year it has been named as one of the Top Places to Work in Massachusetts by The Boston Globe.

Key Points: 
  • The RMR Group (Nasdaq: RMR) today announced that for the fourth consecutive year it has been named as one of the Top Places to Work in Massachusetts by The Boston Globe.
  • Adam Portnoy, President and Chief Executive Officer , made the following statement:
    “I want to thank our employees, whose efforts have made possible RMR’s recognition as a Top Place to Work for four consecutive years.
  • In March 2023, RMR ranked among Boston Business Journal’s Middle Market Leaders for the third time.
  • In May 2023, RMR client, Service Properties Trust (Nasdaq: SVC) , was named an Influencer in Retail Real Estate by GlobeSt.

Diversified Healthcare Trust Appoints Christopher Bilotto as President and Chief Executive Officer Effective January 1, 2024

Retrieved on: 
Friday, November 17, 2023

Diversified Healthcare Trust (Nasdaq: DHC) today announced that Christopher Bilotto has been appointed President and Chief Executive Officer, effective January 1, 2024.

Key Points: 
  • Diversified Healthcare Trust (Nasdaq: DHC) today announced that Christopher Bilotto has been appointed President and Chief Executive Officer, effective January 1, 2024.
  • Prior to joining RMR in 2011, Mr. Bilotto worked at General Growth Properties in various management roles.
  • Mr. Bilotto succeeds Jennifer Francis who is retiring from RMR on July 1, 2024 and therefore resigning from her executive officer positions at DHC and RMR, effective December 31, 2023.
  • Ms. Francis has been a member of DHC senior management since 2018 and a Managing Trustee of DHC since 2021.

Office Properties Income Trust Appoints Yael Duffy as President and Chief Operating Officer Effective January 1, 2024

Retrieved on: 
Friday, November 17, 2023

Office Properties Income Trust (Nasdaq: OPI) today announced that Yael Duffy has been appointed President and Chief Operating Officer, effective January 1, 2024.

Key Points: 
  • Office Properties Income Trust (Nasdaq: OPI) today announced that Yael Duffy has been appointed President and Chief Operating Officer, effective January 1, 2024.
  • Ms. Duffy will continue to serve as President and Chief Operating Officer of Industrial Logistics Properties Trust (Nasdaq: ILPT) .
  • She is also a Senior Vice President of The RMR Group (Nasdaq: RMR) , overseeing asset management, leasing and property management for all office, industrial and retail properties managed by RMR.
  • Ms. Duffy succeeds Christopher Bilotto who has been elected President and Chief Executive Officer of Diversified Healthcare Trust (Nasdaq: DHC) , effective January 1, 2024.

The RMR Group Announces Retirement of Executive Vice President Jennifer Francis

Retrieved on: 
Friday, November 17, 2023

The RMR Group (Nasdaq: RMR) today announced that Jennifer Francis , an Executive Vice President, will be retiring from RMR on July 1, 2024 and that she will be resigning as an executive officer of RMR and Diversified Healthcare Trust (Nasdaq: DHC) effective December 31, 2023.

Key Points: 
  • The RMR Group (Nasdaq: RMR) today announced that Jennifer Francis , an Executive Vice President, will be retiring from RMR on July 1, 2024 and that she will be resigning as an executive officer of RMR and Diversified Healthcare Trust (Nasdaq: DHC) effective December 31, 2023.
  • Ms. Francis’ roles and responsibilities at RMR and DHC will be assumed by other RMR personnel.
  • To ensure a smooth transition, Ms. Francis will remain a non-executive employee of RMR until her retirement on July 1, 2024.
  • Adam Portnoy , President and Chief Executive Officer of The RMR Group, made the following statement:
    “We congratulate Jennifer on her retirement and thank her for 17 years of dedicated service to RMR and its managed companies.

The RMR Group Inc. Announces Fourth Quarter Fiscal 2023 Results

Retrieved on: 
Wednesday, November 15, 2023

The RMR Group Inc. (Nasdaq: RMR) today announced its financial results for the fiscal quarter ended September 30, 2023, which can be found at the Quarterly Results section of RMR’s website at https://www.rmrgroup.com/investors-and-media/financial-information/defau... .

Key Points: 
  • The RMR Group Inc. (Nasdaq: RMR) today announced its financial results for the fiscal quarter ended September 30, 2023, which can be found at the Quarterly Results section of RMR’s website at https://www.rmrgroup.com/investors-and-media/financial-information/defau... .
  • View the full release here: https://www.businesswire.com/news/home/20231115924893/en/
    A conference call to discuss RMR’s fiscal fourth quarter results will be held on Thursday, November 16, 2023 at 10:00 a.m. Eastern Time.
  • A live audio webcast of the conference call will also be available in a listen-only mode on RMR’s website, at www.rmrgroup.com .
  • The transcription, recording and retransmission in any way are strictly prohibited without the prior written consent of RMR.

AITX’s Subsidiary Robotic Assistance Devices Poised to Add Over $100K in Recurring Monthly Revenue

Retrieved on: 
Thursday, November 9, 2023

Revenue numbers will be further increased by one-time installation and training fees, as well as ongoing monthly monitoring pass-through charges.

Key Points: 
  • Revenue numbers will be further increased by one-time installation and training fees, as well as ongoing monthly monitoring pass-through charges.
  • The Company earns a percentage of remote monitoring pass-through revenue, and the actual monitoring work is done by a contracted third party.
  • AITX, through its subsidiary, Robotic Assistance Devices , Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model.
  • RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream.

ADT Reports Third Quarter 2023 Results

Retrieved on: 
Thursday, November 2, 2023

BOCA RATON, Fla., Nov. 02, 2023 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE: ADT), the most trusted brand in smart home and small business security, today reported results for the third quarter of 2023.

Key Points: 
  • BOCA RATON, Fla., Nov. 02, 2023 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE: ADT), the most trusted brand in smart home and small business security, today reported results for the third quarter of 2023.
  • “In October, ADT closed on the previously announced divestiture of the commercial business with all net proceeds allocated to debt reduction.
  • ADT+ professional installation – The Company expects to begin a phased rollout of the ADT+ app to pro-install customers in the fourth quarter.
  • Virtual Assistance Wifi Fix – In addition to the ADT Virtual Assistance program, the Company rolled out the ADT Wifi Fix app.

The RMR Group Fiscal Fourth Quarter 2023 Conference Call Scheduled for Thursday, November 16th

Retrieved on: 
Wednesday, October 18, 2023

The RMR Group (Nasdaq: RMR) today announced that it will issue a press release containing its fiscal fourth quarter 2023 financial results after the Nasdaq closes on Wednesday, November 15, 2023.

Key Points: 
  • The RMR Group (Nasdaq: RMR) today announced that it will issue a press release containing its fiscal fourth quarter 2023 financial results after the Nasdaq closes on Wednesday, November 15, 2023.
  • On Thursday, November 16, 2023 at 10:00 a.m. Eastern Time, President and Chief Executive Officer Adam Portnoy and Chief Financial Officer Matt Jordan will host a conference call to discuss these results.
  • A replay of the conference call will be available through 11:59 p.m. Eastern Time on Thursday, November 23, 2023.
  • The archived webcast will be available for replay on the company’s website after the call.