Seven Hills Realty Trust Stock Price, News & Analysis

Seven Hills Realty Trust (SEVN) has appointed Matthew Brown as Chief Financial Officer and Treasurer, effective March 10, 2025. Brown, currently a Senior Vice President at The RMR Group (RMR), will succeed Fernando Diaz, who is resigning effective March 9, 2025.

Brown brings extensive experience from his tenure at RMR since 2007, where he oversees accounting, finance, and tax operations. As a certified public accountant, he also serves as CFO of Diversified Healthcare Trust (DHC). The company noted that Diaz's departure was not due to any disputes with SEVN, Tremont Realty Capital, or RMR.

Seven Hills Realty Trust (SEVN) has announced its financial results for Q4 and full-year 2024. The company will host a conference call to discuss these results on Wednesday, February 19, 2025, at 11:00 a.m. Eastern Time.

Investors can access the call via telephone at (866) 739-7850 for US/Canada or (412) 317-6592 for international callers, with no passcode required. A replay will be available until February 26, 2025, at (877) 344-7529 using passcode 4260494.

Additionally, a live audio webcast will be available on SEVN's website, with an archived version accessible after the call.

Seven Hills Realty Trust (SEVN) has disclosed its dividend allocations for 2024, announcing quarterly dividend payments of $0.35 per share. The dividends will be distributed on February 15, May 16, August 15, and November 14, 2024, totaling $1.40 per share for the year. The company confirmed that 100% of the dividends are classified as Ordinary Income and qualify as Section 199A dividends. There are no allocations to qualified dividends, capital gains, unrecaptured Section 1250 gains, or return of capital.

Seven Hills Realty Trust (Nasdaq: SEVN) announced that it will release its fourth quarter 2024 financial results after the Nasdaq closes on Tuesday, February 18, 2025. A conference call to discuss these results will be held on Wednesday, February 19, 2025 at 11:00 a.m. Eastern Time, hosted by President and Chief Investment Officer Tom Lorenzini, Chief Financial Officer and Treasurer Fernando Diaz, and Vice President Jared Lewis. The call can be accessed by dialing (866) 739-7850 within the United States and Canada or (412) 317-6592 internationally. No pass code is required. Participants should dial in 15 minutes before the scheduled start time.

A replay of the call will be available until 11:59 p.m. on February 26, 2025, by dialing (877) 344-7529 with pass code 4260494. Additionally, a live audio webcast will be available on the company’s website at www.sevnreit.com, with the archived webcast accessible for replay after the call.

Seven Hills Realty Trust (SEVN) has declared a quarterly cash dividend of $0.35 per share, equivalent to an annual rate of $1.40 per share. The dividend will be paid to shareholders of record as of January 27, 2025, with distribution scheduled for February 20, 2025.

Seven Hills Realty Trust (SEVN) has closed a $31.2 million first mortgage floating rate bridge loan to finance the acquisition of The Lodge, a student housing property near Texas State University. The property features 696 beds across 258 units and is located near the 40,000-student campus in San Marcos, Texas.

The loan structure includes a three-year initial term with two one-year extension options, subject to borrower requirements. The transaction was facilitated by Walker & Dunlop, which advised the sponsor, Palladius Capital Management. SEVN's manager, Tremont Realty Capital, continues to focus on expanding its presence across key asset classes while seeking attractive risk-adjusted returns for shareholders.

Seven Hills Realty Trust (SEVN) has announced the closing of a $45.0 million first mortgage floating rate bridge loan to finance the acquisition of Club Quarters Hotel in Boston, Massachusetts. The 178-room hotel is located at 161 Devonshire Street, near major attractions including the Massachusetts State House, Faneuil Hall, and Boston Common.

The loan features a three-year initial term with two one-year extension options, subject to borrower requirements. The transaction was facilitated by JLL, who advised the borrower, Arch & Devonshire The deal showcases SEVN's commitment to identifying and executing strategic loan investment opportunities to generate attractive risk-adjusted returns for shareholders.

Seven Hills Realty Trust (SEVN) has elected Ann M. Danner as an Independent Trustee to its Board of Trustees, effective immediately. This appointment expands the board to seven members, with 71% being independent trustees. Danner, who founded RHA Advisors in 2018, brings over 40 years of real estate industry experience, particularly in residential and multifamily development. She previously served as CEO of Residential Homes of America, Inc., which she founded in 1986. The appointment aims to leverage her expertise in creating value for SEVN's shareholders. Korn Ferry assisted in the trustee placement process.

Seven Hills Realty Trust (Nasdaq: SEVN) has closed a $42.0 million first mortgage floating rate bridge loan to refinance The Domain at Oxford, a 642-bed student housing property near the University of Mississippi. The loan has a three-year initial term with two one-year extension options, contingent on the borrower meeting specific requirements. SEVN’s manager, Tremont Realty Capital, was introduced to the transaction by Newmark, which advised the sponsor, Shore to Shore Properties. Tom Lorenzini, President and Chief Investment Officer of SEVN, highlighted the growing demand for quality student housing due to rising enrollment at the university, emphasizing the loan's potential to generate attractive risk-adjusted returns for shareholders.