AMEX:RIF

Stock Analysis Report

Executive Summary

RMR Real Estate Income Fund is a closed-ended equity mutual fund launched and managed by RMR Advisors Inc.

Rewards


Snowflake Analysis

Share Price & News

How has RMR Real Estate Income Fund's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: RIF has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-2.8%

RIF

-8.0%

US Capital Markets

-7.4%

US Market


1 Year Return

19.8%

RIF

8.3%

US Capital Markets

10.5%

US Market

Return vs Industry: RIF exceeded the US Capital Markets industry which returned 8.3% over the past year.

Return vs Market: RIF exceeded the US Market which returned 10.5% over the past year.


Shareholder returns

RIFIndustryMarket
7 Day-2.8%-8.0%-7.4%
30 Day2.6%-4.0%-3.6%
90 Day5.4%-2.1%-0.6%
1 Year28.2%19.8%10.4%8.3%12.8%10.5%
3 Year23.1%-0.2%27.5%20.4%37.4%28.6%
5 Year44.2%2.2%70.2%54.4%61.3%43.6%

Price Volatility Vs. Market

How volatile is RMR Real Estate Income Fund's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is RMR Real Estate Income Fund undervalued compared to its fair value and its price relative to the market?

11.11x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: RIF ($21.63) is trading above our estimate of fair value ($3.75)

Significantly Below Fair Value: RIF is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: RIF is good value based on its PE Ratio (11.1x) compared to the Capital Markets industry average (32.3x).

PE vs Market: RIF is good value based on its PE Ratio (11.1x) compared to the US market (17.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate RIF's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: RIF is good value based on its PB Ratio (0.9x) compared to the US Capital Markets industry average (6.6x).

Future Growth

How is RMR Real Estate Income Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.5%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as RMR Real Estate Income Fund has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has RMR Real Estate Income Fund performed over the past 5 years?

-42.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RIF has a large one-off gain of $14.6M impacting its June 30 2019 financial results.

Growing Profit Margin: RIF's current net profit margins are higher than last year (9.2%).


Past Earnings Growth Analysis

Earnings Trend: RIF's earnings have declined by -42.5% per year over the past 5 years.

Accelerating Growth: RIF's earnings growth over the past year (1527.9%) exceeds its 5-year average (-42.5% per year).

Earnings vs Industry: RIF earnings growth over the past year (1527.9%) exceeded the Capital Markets industry 8.4%.


Return on Equity

High ROE: RIF's Return on Equity (8.1%) is considered low.

Financial Health

How is RMR Real Estate Income Fund's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: RIF has a low level of unsold assets or inventory.

Debt Coverage by Assets: RIF's debt is not covered by short term assets (assets are 0x debt).


Financial Institutions Analysis

Asset Level: RIF's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if RIF has a sufficient allowance for bad loans.

Low Risk Liabilities: RIF reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if RIF has an acceptable proportion of non-loan assets held.

Low Risk Deposits: RIF has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if RIF has an appropriate level of bad loans.

Dividend

What is RMR Real Estate Income Fund's current dividend yield, its reliability and sustainability?

6.10%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: RIF's dividend (6.1%) is higher than the bottom 25% of dividend payers in the US market (1.52%).

High Dividend: RIF's dividend (6.1%) is in the top 25% of dividend payers in the US market (3.9%)


Stability and Growth of Payments

Stable Dividend: RIF's dividend payments have been volatile in the past 10 years.

Growing Dividend: RIF's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (67.8%), RIF's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Management

How experienced are the management team and are they aligned to shareholders interests?

14.1yrs

Average board tenure


CEO

RMR Real Estate Income Fund has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Adam Portnoy
Co-Portfolio Manager & Managing Trustee11.1yrsno data1.59% $3.5m
Arthur Koumantzelis
Independent Trustee17.1yrsUS$5.25kno data
John Harrington
Independent Trustee17.1yrsUS$5.25k0.090% $199.6k
Jeffrey Somers
Independent Trustee11yrsno data0.014% $31.2k

14.1yrs

Average Tenure

79.5yo

Average Age

Experienced Board: RIF's board of directors are seasoned and experienced ( 14.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

RMR Real Estate Income Fund's company bio, employee growth, exchange listings and data sources


Key Information


Location

  • RMR Real Estate Income Fund
  • Two Newton Place
  • 255 Washington Street
  • Newton
  • Massachusetts
  • 2458
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RIFAMEX (NYSE MKT LLC)YesCommon SharesUSUSDJun 2009

Biography

RMR Real Estate Income Fund is a closed-ended equity mutual fund launched and managed by RMR Advisors Inc. It is co-managed by MacArthurCook Ltd. The fund invests in the public equity markets of Asia Pacific countries. It seeks to invest in stocks of companies operating in real estate sector as well as securities issued by REITs. The fund benchmarks the performance of its portfolio against the FTSE EPRA/NAREIT Asia Index. It was formerly known as RMR Asia Pacific Real Estate Fund. RMR Real Estate Income Fund was formed on December 18, 2003 and is domiciled in United States. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/26 01:48
End of Day Share Price2020/02/25 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.