Net Income Attributable to RMR Inc.

12 Months Ended

Sep. 30, 2016

Net income attributable to RMR Inc. for the years ended September 30, 2016 and 2015, is derived as follows:



	Year Ended September 30,
	2016			2015
Income before income tax expense and equity in earnings of investee	$	146,934		$	82,154
Add: RMR Inc. franchise tax expense and interest income	589			147
Add: equity in earnings of investee	—			115
Less: incentive fee allocable to ABP Trust	(26,611		)	—
Less: net income attributable to ABP Trust before June 5, 2015	—			(58,580		)
Net income before non-controlling interest	120,912			23,836
Less: non-controlling interest	(58,510		)	(11,538		)
Net income attributable to RMR Inc. before income tax expense	62,402			12,298
Less: income tax expense attributable to RMR Inc.	(24,573		)	(4,848		)
Less: RMR Inc. franchise tax expense and interest income	(589		)	(147		)
Net income attributable to RMR Inc.	$	37,240		$	7,303

Net income attributable to the non-controlling interest includes 100.0% of the income earned by RMR LLC prior to the Up-C Transaction, when RMR LLC was 100.0% owned by ABP Trust.