Welcome to our dedicated page for Seven Hills Realty Trust news (Ticker: SEVN), a resource for investors and traders seeking the latest updates and insights on Seven Hills Realty Trust stock.
Seven Hills Realty Trust (Nasdaq: SEVN) is a mortgage-focused real estate investment trust that originates and invests in first mortgage loans secured by middle market transitional commercial real estate. The SEVN news feed highlights company announcements that explain how this lending strategy is implemented across specific properties and capital markets activities.
News items for SEVN commonly include details on new loan investments, such as first mortgage loans secured by student housing, hotel, industrial, and mixed-use retail and medical office properties in established markets. These releases often describe property characteristics, tenant profiles and sponsorship, providing context for SEVN’s credit-oriented approach to real estate finance.
Investors can also find updates on SEVN’s capital raising efforts, including a fully backstopped transferable rights offering conducted under an effective shelf registration statement on Form S-3. Related announcements and Form 8-K filings describe the terms of the rights, the role of Tremont Realty Capital as backstop provider, and the intended use of proceeds to expand the company’s loan portfolio.
Regular communications about quarterly cash distributions on SEVN’s common shares appear in the news flow as well. These releases outline declared distribution rates and record and payment dates, and they summarize the factors the Board of Trustees considers when adjusting the distribution level.
In addition, SEVN issues press releases and corresponding Form 8-K filings to report quarterly financial results and to announce conference calls and earnings presentations. Following SEVN news allows readers to track loan originations and acquisitions, distribution decisions, rights offering milestones and periodic financial reporting in one place.
Seven Hills Realty Trust (Nasdaq: SEVN) has secured a $24.4 million first mortgage floating-rate bridge loan to purchase an 83,000 square foot industrial warehouse in Fontana, California. An initial advance of $22.0 million was funded at closing, with an additional $2.4 million for future improvements. The loan has a two-year term with extension options. President Tom Lorenzini emphasized SEVN's commitment to finding attractive investments amid a competitive lending market, highlighting the quality of the asset and the strength of their network.
Seven Hills Realty Trust (Nasdaq: SEVN) reported strong financial results for Q3 2022, with a net income per share of $0.35, reflecting a 13% sequential increase. Adjusted distributable earnings also rose 13% to $0.27 per share. Total loan commitments reached $763 million, supported by a solid loan portfolio and rising interest rates. The company emphasized its cautious approach to new loan originations while maintaining strong portfolio credit quality, with all loans current on debt service and a weighted average risk rating below three.
Seven Hills Realty Trust (Nasdaq: SEVN) announced a quarterly cash distribution of $0.25 per share, totaling $1.00 annually. The payment will be directed to shareholders on record as of October 24, 2022, with distribution expected around November 17, 2022. SEVN focuses on first mortgage loans secured by commercial real estate and is managed by Tremont Realty Capital, part of The RMR Group, which oversees over $37 billion in assets. The continuation of dividends is subject to their Board's discretion and various financial considerations.
Seven Hills Realty Trust (Nasdaq: SEVN) will release its Q3 2022 financial results on October 26, 2022, post-market. A call led by President Tom Lorenzini and CFO Tiffany Sy is scheduled for October 27, 2022, at 11:00 a.m. ET. Call-in numbers are (866) 739-7850 for U.S. and (412) 317-6592 for international participants. A replay will be available until November 3, 2022. The company specializes in first mortgage loans for middle-market and transitional commercial real estate and is managed by Tremont Realty Capital, affiliated with The RMR Group.
Seven Hills Realty Trust (Nasdaq: SEVN) announced the appointment of Tiffany Sy as Chief Financial Officer and Treasurer, effective October 1, 2022. Sy, a certified public accountant, has been with The RMR Group since 2020 and will succeed Douglas Lanois, who is resigning from his positions effective September 30, 2022. Lanois has played a significant role since joining SEVN in 2021. The transition aims to maintain operational continuity, as Lanois will stay on as a non-executive employee until the end of December 2022.
Seven Hills Realty Trust (Nasdaq: SEVN) has secured a $47.0 million first mortgage floating-rate bridge loan aimed at financing the acquisition and renovation of a 330,000 square foot industrial warehouse in Passaic, New Jersey. An initial $38.4 million was funded at closing, with potential future advances of $8.6 million. This transaction marks SEVN's sixth loan closing this year, increasing its committed capital to over $760 million. The loan is set for a three-year term with two one-year extensions, emphasizing SEVN's strategy to grow and diversify its portfolio.
Seven Hills Realty Trust (Nasdaq: SEVN) reported strong financial results for Q2 2022, highlighting a net income per share of $0.31 and adjusted distributable earnings per share of $0.24. The company achieved $60 million in loan originations, increasing total loan commitments to $735 million, a threefold rise year-over-year. With a portfolio of 100% floating-rate loans, SEVN anticipates higher income as interest rates rise. The company declared a quarterly distribution of $0.25 per common share, totaling $3.6 million for shareholders.
Seven Hills Realty Trust (Nasdaq: SEVN) has announced a quarterly cash distribution of $0.25 per share, totaling $1.00 annually. This distribution will be paid to shareholders of record by
Seven Hills Realty Trust (Nasdaq: SEVN) will release its Q2 2022 financial results after Nasdaq closes on July 27, 2022. A conference call hosted by President Tom Lorenzini and CFO Doug Lanois will take place on July 28, 2022, at 11:00 a.m. ET. Participants may join the call by dialing (866) 739-7850 (US) or (412) 317-6592 (international). Replay available until August 4, 2022. The call will also be accessible via live audio webcast on the company’s website.
Seven Hills Realty Trust (Nasdaq: SEVN) has closed a $29.0 million floating-rate bridge loan to acquire Sunridge Apartment Homes, a 216-unit multifamily property in Las Vegas, Nevada. The initial funding of $23.1 million was provided at closing, with additional advances of approximately $5.9 million available for capital expenditures. This loan marks SEVN's fifth closing this year, raising its total committed capital to over $730 million. The loan has a three-year term with two one-year extension options, dependent on certain requirements.
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