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Shareholders’ Equity (Tables)

12 Months Ended

Sep. 30, 2024

Equity [Abstract]

Schedule of unvested restricted stock awards

A summary of shares awarded and vested, including shares withheld, repurchased or forfeited, under the terms of the 2016 Plan for the fiscal years ended September 30, 2024, 2023 and 2022 is as follows:

						2024												2023												2022
												Weighted												Weighted												Weighted
						Number						Average						Number						Average						Number						Average
						of						Award Date						of						Award Date						of						Award Date
						Shares						Fair Value						Shares						Fair Value						Shares						Fair Value
Unvested shares, beginning of year						204,620						$	26.90					202,740						$	30.14					160,310						$	37.36
Shares awarded						181,727						$	24.38					139,200						$	24.92					143,700						$	26.82
Vested shares withheld and repurchased						(45,489)						$	24.98					(29,628)						$	24.76					(20,911)						$	26.15
Shares vested						(105,292)						$	24.66					(104,012)						$	24.82					(78,449)						$	26.85
Shares forfeited						(2,220)						$	24.41					(3,680)						$	25.40					(1,910)						$	28.96
Unvested shares, end of year						233,346						$	25.31					204,620						$	26.90					202,740						$	30.14

Schedule of distributions

During the fiscal years ended September 30, 2024, 2023 and 2022, we declared and paid dividends 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, 2024
10/12/2023						10/23/2023						11/16/2023						$	0.40					$	6,684
1/11/2024						1/22/2024						2/15/2024						0.40						6,684
4/11/2024						4/22/2024						5/16/2024						0.45						7,529
7/11/2024						7/22/2024						8/15/2024						0.45						7,526
																		$	1.70					$	28,423
Fiscal Year Ended September 30, 2023
10/13/2022						10/24/2022						11/17/2022						$	0.40					$	6,642
1/12/2023						1/23/2023						2/16/2023						0.40						6,641
4/13/2023						4/24/2023						5/18/2023						0.40						6,648
7/13/2023						7/24/2023						8/17/2023						0.40						6,645
																		$	1.60					$	26,576
Fiscal Year Ended September 30, 2022
10/14/2021						10/25/2021						11/18/2021						$	0.38					$	6,264
1/13/2022						1/24/2022						2/17/2022						0.38						6,265
4/14/2022						4/25/2022						5/19/2022						0.40						6,601
7/14/2022						7/25/2022						8/18/2022						0.40						6,600
																		$	1.56					$	25,730

These dividends 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, 2024
10/12/2023						10/23/2023						11/16/2023			$	0.32					$	10,148					$	5,348					$	4,800
1/11/2024						1/22/2024						2/15/2024			0.32						10,147						5,347						4,800
4/11/2024						4/22/2024						5/16/2024			0.32						10,154						5,354						4,800
7/11/2024						7/22/2024						8/15/2024			0.32						10,152						5,352						4,800
															$	1.28					$	40,601					$	21,401					$	19,200
Fiscal Year Ended September 30, 2023
10/13/2022						10/24/2022						11/17/2022			$	0.32					$	10,114					$	5,314					$	4,800
1/12/2023						1/23/2023						2/16/2023			0.32						10,113						5,313						4,800
4/13/2023						4/24/2023						5/18/2023			0.32						10,118						5,318						4,800
7/13/2023						7/24/2023						8/17/2023			0.32						10,116						5,316						4,800
															$	1.28					$	40,461					$	21,261					$	19,200
Fiscal Year Ended September 30, 2022
10/14/2021						10/25/2021						11/18/2021			$	0.30					$	9,446					$	4,946					$	4,500
1/13/2022						1/24/2022						2/17/2022			0.30						9,446						4,946						4,500
4/14/2022						4/25/2022						5/19/2022			0.32						10,080						5,280						4,800
7/14/2022						7/25/2022						8/18/2022			0.32						10,080						5,280						4,800
															$	1.24					$	39,052					$	20,452					$	18,600

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Tabular disclosure of the changes in outstanding nonvested restricted stock shares.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Subparagraph (c)
-Paragraph 2
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

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