Seven Hills Realty Trust

Seven Hills Realty Trust is a real estate finance company that originates and invests in first mortgage loans secured by middle market and transitional commercial real estate. The company was founded in 2003 and is headquartered in Newton, MA.

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Seven Hills Realty Trust excels in Q4 2022, anticipates growth

Seven Hills Realty Trust delivered a strong performance in Q4 2022, marked by significant dividend growth, doubled distributable earnings, and successful loan origination.
While facing challenges related to CECL implementation and market uncertainties, the company's proactive approach and strategic outlook position them well for future opportunities.
With a focus on financial management, growth projections, and capitalizing on rising interest rates, Seven Hills Realty Trust aims to sustain its momentum and drive shareholder value.

Seven Hills Realty Trust posts strong Q1 earnings, eyes growth

Seven Hills Realty Trust delivered robust Q1 performance with strong earnings and distributable earnings exceeding dividend requirements.
Despite potential challenges from loan repayments and market dynamics, the company remains optimistic about future growth opportunities.
Strategic focus on active lending, risk management, and market trends underpins the company's pursuit of strong risk-adjusted returns.

Seven Hills Realty Trust (SEVN) reports strong Q2 earnings and navigates asset management challenges

Seven Hills Realty Trust (SEVN) delivered strong Q2 results, with robust loan production and solid financial performance. While facing challenges with loan refinancing and asset management transitions, SEVN's focus on market opportunities and dividend coverage positions it for growth. Management's guidance for Q3 2023 indicates a positive outlook for the company.

Seven Hills Realty Trust excels in Q3 earnings amid market opportunities

Seven Hills Realty Trust demonstrated robust performance in Q3 2023, with strong distributable earnings, efficient loan production, and prudent financial management.
While facing challenges such as market uncertainties and regulatory scrutiny, the company's solid fundamentals and strategic guidance position it for continued success.
By leveraging market opportunities, maintaining a conservative balance sheet, and addressing potential risks, Seven Hills aims to sustain growth and deliver value to shareholders.

Seven Hills Realty Trust (SEVN) excels in Q4 earnings, eyes growth opportunities

Seven Hills Realty Trust (SEVN) delivered impressive Q4 2023 results, exceeding expectations in distributable earnings and loan production. While maintaining a healthy portfolio, SEVN faces challenges in evaluating specific loan types and diversifying geographically. However, the company is well-positioned to leverage opportunities for growth through strategic loan origination and market entry.

Seven Hills Realty Trust (SEVN) surpasses Q1 earnings expectations, eyes loan book expansion

Seven Hills Realty Trust (SEVN) delivered robust Q1 results, exceeding expectations and maintaining a strong credit profile. While facing challenges in loan activity, the company's conservative leverage and focus on multifamily properties position it well for future growth amidst favorable economic conditions.

Seven Hills Realty Trust exceeds Q2 earnings expectations, eyes growth

Seven Hills Realty Trust showcased robust financial performance in Q2, driven by strong distributable earnings and a stable loan portfolio. Despite challenges like increased CECL reserves, the company maintains a positive outlook with a healthy liquidity position and a promising deal pipeline.

Seven Hills Realty Trust reports stable Q3 earnings and eyes market opportunities

SEVN's Q3 performance reflects stability with distributable earnings per share meeting expectations and a strong liquidity position.
Despite challenges such as upcoming loan maturities and interest rate impacts, SEVN remains well-positioned to capitalize on market opportunities.
The company's strategic focus on portfolio diversification, yield opportunities, and prudent financial management underpins its future growth potential.

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NEWTON, Mass.--(BUSINESS WIRE)--Seven Hills Realty Trust (Nasdaq: SEVN), today announced that it will issue a press release containing its first quarter 2022 financial results after the Nasdaq closes on Wednesday, April 27, 2022. On Thursday, April 28, 2022 at 11:00 a.m. Eastern Time, President Tom Lorenzini and Chief Financial Officer Doug Lanois will host a conference call to discuss these results. The conference call telephone number is (877) 270-2148. Participants calling from outside the U

Seven Hills Realty Trust First Quarter 2022 Conference Call Scheduled for Thursday, April 28th

NEWTON, Mass.--(BUSINESS WIRE)--Seven Hills Realty Trust (Nasdaq: SEVN) today announced the closing of two first mortgage bridge loans in an aggregate principal amount of $53.3 million with aggregate initial advances of $49.2 million. SEVN closed a $37.3 million first mortgage floating-rate bridge loan to finance the acquisition of Aspen Heights, a 958-bed student housing property located in Starkville, Mississippi, near the Mississippi State University campus. The loan is structured with a thr

Seven Hills Realty Trust Closes $53.3 Million of New First Mortgage Bridge Loans

NEWTON, Mass.--(BUSINESS WIRE)--Seven Hills Realty Trust (Nasdaq: SEVN) today announced that it has elected Phyllis M. Hollis to the Company's Board of Trustees as an Independent Trustee, effective immediately. With the addition of Ms. Hollis, SEVN's Board now has seven Trustees, consisting of approximately 71% Independent Trustees, 29% women and 14% members of underrepresented communities. Ms. Hollis has served as the Chief Executive Officer of Hollis Advisory LLC, a digital marketing agency,

Seven Hills Realty Trust Elects Phyllis Hollis to Board of Trustees

NEWTON, Mass.--(BUSINESS WIRE)--Seven Hills Realty Trust (Nasdaq: SEVN) today announced that it has entered into an agreement for a $125 million master repurchase facility with Wells Fargo Bank, National Association (“Wells Fargo”), which SEVN may use to leverage its commercial mortgage loan investments, subject to customary requirements. The facility has a three-year term, provides for advances of up to 80% of a whole loan investment and has an accordion feature to increase the facility to $25

Seven Hills Realty Trust Enters into a $125 Million Master Repurchase Facility with Wells Fargo Bank, N.A.

Seven Hills Realty Trust (SEVN) on Q4 2021 Results - Earnings Call Transcript

NEWTON, Mass.--(BUSINESS WIRE)--Seven Hills Realty Trust (Nasdaq: SEVN) today announced financial results for the quarter and year ended December 31, 2021. Tom Lorenzini, President of SEVN, made the following statement: "Our fourth quarter results reflect sustained momentum highlighted by record quarterly loan originations and sequential growth in investment income as we scale SEVN's investment portfolio. Based on our strong operating performance and our positive outlook on the long-term growth

Seven Hills Realty Trust Announces Fourth Quarter 2021 Results

NEWTON, Mass.--(BUSINESS WIRE)--Seven Hills Realty Trust (Nasdaq: SEVN), today announced that it will issue a press release containing its fourth quarter 2021 financial results after the Nasdaq closes on Thursday, February 17, 2022. On Friday, February 18, 2022 at 10:00 a.m. Eastern Time, President Tom Lorenzini and Chief Financial Officer Doug Lanois will host a conference call to discuss these results. The conference call telephone number is (877) 270-2148. Participants calling from outside t

Seven Hills Realty Trust Fourth Quarter 2021 Conference Call Scheduled for Friday, February 18th

NEWTON, Mass.--(BUSINESS WIRE)--Seven Hills Realty Trust (Nasdaq: SEVN) today announced that the characterization of dividends for 2021 income tax reporting purposes for both SEVN and Tremont Mortgage Trust (“TRMT”), prior to TRMT's merger with and into SEVN, is as follows: SEVN Common Shares   Dividend Allocation Per Share                     Section       Total   Unrecaptured     Declaration   Record   Paid/Payable   Dividends   Ordinary   199A   Qualified   Capital   Section 1250   Return of

Seven Hills Realty Trust Announces 2021 Dividend Allocations for Seven Hills Realty Trust and Tremont Mortgage Trust

NEWTON, Mass.--(BUSINESS WIRE)--Seven Hills Realty Trust (Nasdaq: SEVN) today announced it has raised its quarterly cash distribution on its common shares by $0.10 per share, or 67%, to $0.25 per share ($1.00 per share per year). The distribution declared today will be paid to SEVN's common shareholders of record as of the close of business on January 24, 2022 and distributed on or about February 17, 2022. Seven Hills Realty Trust (Nasdaq: SEVN) is a real estate finance company that originates

Seven Hills Realty Trust Raises Quarterly Dividend on Common Shares by 67% to $0.25 Per Share or $1.00 Per Share Per Year

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In the January 2022 REIT Outlook, we assess 2021's historical calendar year total return as compared to our initial 2021 forecast, as well as provide our 2022 forecast. We were too conservative on our growth and multiple assumptions for 2021, though our bullish top end of the forecast at +19% was the highest we observed among our peers. For 2022, we expect total returns to be positive, though muted compared to 2021.

2022 Chilton REIT Forecast

NEWTON, Mass.--(BUSINESS WIRE)--Seven Hills Realty Trust (Nasdaq:SEVN) today announced the closing of a $35.0 million first mortgage floating-rate bridge loan to finance the acquisition of Charleston Trade Center, a 431,000 square foot industrial warehouse building located at 574 Trade Center Parkway in Summerville, South Carolina. The loan is structured with a three-year initial term with two one-year extension options, subject to the borrower meeting certain requirements. SEVN's manager, Trem

Seven Hills Realty Trust Closes $35.0 Million Bridge Loan to Finance the Acquisition of an Industrial Property in Summerville, SC

NEWTON, Mass.--(BUSINESS WIRE)--Seven Hills Realty Trust (Nasdaq:SEVN) today announced the closing of a $42.5 million first mortgage floating-rate bridge loan to refinance and reposition The Gateway Center, a 272,000 square foot, grocery-anchored retail shopping center located at 7230-7380 Orchard Lake Road in West Bloomfield, Michigan. An initial advance of $37.4 million was funded at closing with future advances of approximately $5.1 million available for tenant improvements and capital expen

Seven Hills Realty Trust Closes $42.5 Million Bridge Loan to Refinance a Retail Shopping Center in West Bloomfield, MI

NEWTON, Mass.--(BUSINESS WIRE)--Seven Hills Realty Trust (Nasdaq: SEVN) today announced the closing of a $23.5 million first mortgage floating-rate bridge loan to refinance Woodland Corporate Tower, a 185,000 square foot, multi-tenant office property located at 1333 Butterfield Road in Downers Grove, Illinois. The loan is structured with a three-year initial term and two one-year extension options, subject to the borrower meeting certain requirements. SEVN's manager, Tremont Realty Capital, was

Seven Hills Realty Trust Closes $23.5 Million Bridge Loan to Refinance an Office Building in Downers Grove, IL

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Farewell - or perhaps good riddance - to the Prison REIT sector. GEO Group announced last week that it's joining CoreCivic in abandoning the REIT structure, concluding a tumultuous 8-year run as REITs. Prison REITs were the worst-performing property sector since their REIT conversions in 2013 and consistently ranked at the bottom across performance metrics - particularly after their once-lucrative dividends were eliminated.

Prison REITs: The Verdict Is In

NEWTON, Mass.--(BUSINESS WIRE)--Seven Hills Realty Trust (Nasdaq:SEVN) today announced the closing of an $18.0 million first mortgage floating-rate bridge loan to finance the acquisition of Aspen Ames, a 422 bed student housing property located at 3306 Lincoln Way in Ames, Iowa, near the Iowa State University campus. An initial advance of approximately $17.7 million was funded at closing with future advances of approximately $300,000 available for capital expenditures. The loan is structured wi

Seven Hills Realty Trust Closes $18.0 Million Bridge Loan to Finance the Acquisition of a Student Housing Property at Iowa State University

NEWTON, Mass.--(BUSINESS WIRE)--Seven Hills Realty Trust (Nasdaq: SEVN) today announced that it has entered into an agreement for a $100 million note on note financing facility with BMO Harris Bank, which it may use to leverage its commercial mortgage loan investments. Loans issued under the financing facility will be co-terminus with the pledged mortgage loan investments, are not subject to margin calls and allow for up to an 80% advance rate, subject to certain loan to cost and loan to value

Seven Hills Realty Trust Enters Into a $100 Million Financing Facility With BMO Harris Bank

NEWTON, Mass.--(BUSINESS WIRE)--Seven Hills Realty Trust (Nasdaq: SEVN) today announced the closing of a $21.0 million first mortgage floating-rate bridge loan to finance the acquisition of Bellevue Terrace, a 72,000 square foot multi-tenant office property located at 3633 136th Place SE in Bellevue, Washington. An initial advance of approximately $20.0 million was funded at closing with future advances of up to $1.0 million available for tenant improvements and leasing commissions. The loan is

Seven Hills Realty Trust Closes $21.0 Million First Mortgage Bridge Loan to Finance the Acquisition of an Office Building in Bellevue, WA

Seven Hills Realty Trust (SEVN) on Q3 2021 Results - Earnings Call Transcript

NEWTON, Mass.--(BUSINESS WIRE)--Seven Hills Realty Trust (Nasdaq: SEVN) today announced financial results for the quarter and nine months ended September 30, 2021. On September 30, 2021, SEVN (formerly RMR Mortgage Trust, or RMRM) completed its previously announced merger with Tremont Mortgage Trust, or TRMT, whereby TRMT merged with and into RMRM, with RMRM as the surviving entity, or the Merger. Tom Lorenzini, President of SEVN, made the following statement: "We are pleased to have successful

Seven Hills Realty Trust Announces Third Quarter 2021 Results

NEWTON, Mass.--(BUSINESS WIRE)--Seven Hills Realty Trust (Nasdaq: SEVN) today announced the closing of a $24.8 million first mortgage floating-rate bridge loan to refinance Centerpoint Plaza, a 98,000 square foot multi-tenant office property located at 5910 Priestly Drive in Carlsbad, California. An initial advance of approximately $23.7 million was funded at closing with future advances of approximately $1.1 million available for tenant improvements, leasing commissions and capital expenditure

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