Seven Hills Realty Trust

Listed Company

SEVNCIK 0001452477NasdaqNon-AcceleratedSmaller ReportingReal Estate Investment TrustsMarylandFY ends Dec 31

Period

FY 2025

Revenue

$29.38M

Net Income

$15.43M

Total Assets

$820.86M

Equity

$328.65M

Shares Out

22.60M

Op. Cash Flow

$15.04M

Business

Seven Hills Realty Trust is a Maryland real estate investment trust that originates and invests primarily in floating rate first mortgage loans secured by middle-market transitional commercial real estate. It offers bridge financing in the form of floating-rate first mortgage loans, and may originate or acquire subordinated and mezzanine loans, participate in takeout mortgage financings, and earn origination, exit and other loan-related fees. The company operates with an external manager (Tremont/RMR) and may utilize direct and structural leverage including repurchase and secured financing facilities. It targets investment opportunities across the United States through institutional financing channels and capital markets.

Summary from filing dated 2025-02-18

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Interest and related income	56	65	66	45	17
Less: interest and related expenses	−29	−32	−34	—	—
Income from loan investments, net	27	33	37	38	33
Revenue from real estate owned	3	2	1	0	—
Total revenue	29	35	38	38	—
Base management fees	4	4	4	4	3
Incentive fees	625,000	974,000	968,000	0	—
General and administrative expenses	4	4	4	4	3
Reimbursement of shared services expenses	2	3	3	2	—
Provision for credit losses	203,000	3	−799,000	0	—
Expenses from real estate owned	2	2	1	0	—
Total other expenses	14	17	12	11	8
Income before income taxes	15	18	26	28	25
Income tax expense	−14,000	−33,000	38,000	−113,000	−338,000
Net income	15	18	26	28	25
Weighted average common shares outstanding- basic (in shares)	15	15	15	15	11
Weighted average common shares outstanding - diluted (in shares)	15	15	15	15	11
Net income per common share, basic (in dollars per share)	1	1.2	1.76	1.89	2.18
Net income per common share, diluted (in dollars per share)	1	1.2	1.76	1.89	2.18

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	123	71	88	71	26
Loans held for investment	686	610	626	670	—
Allowance for credit losses	−9	−8	−4	0	—
Loans held for investment, net	677	602	622	670	571
Real estate owned, net	11	11	11	0	—
Acquired real estate leases, net	3	3	4	0	—
Accrued interest receivable	3	3	4	3	—
Prepaid expenses and other assets, net	4	3	3	2	3
Total assets	821	693	732	747	600
Accounts payable, accrued liabilities and other liabilities	3	4	4	2	2
Secured financing facilities, net	488	418	454	472	340
Due to related persons	1	2	2	2	—
Total liabilities	492	424	460	475	342
Commitments and contingencies	—	—	—	—	—
Common shares of beneficial interest, $0.001 par value per share; 25,000,000 shares authorized; 22,584,285 and 14,902,773 shares issued and outstanding, respectively	23,000	15,000	15,000	15,000	15,000
Additional paid in capital	303	240	239	239	238
Cumulative net income	105	89	72	52	25
Cumulative distributions	−79	−61	−40	−19	−5
Total shareholders' equity	329	269	271	272	258
Total liabilities and shareholders' equity	821	693	732	747	600

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Accretion of purchase discount	−37,000	−2	—	—	—
Amortization of loan origination and exit fees	−2	−3	−3	−4	−2
Amortization of deferred financing costs	2	1	1	1	211,000
Deferred interest capitalized to loans held for investment	−1	0	—	—	—
Straight line rental income	−117,000	−447,000	−647,000	0	—
Depreciation and amortization	1	1	604,000	0	—
Share based compensation	2	1	1	1	627,000
Accrued interest receivable	−232,000	678,000	−498,000	−2	−1
Prepaid expenses and other assets	−799,000	188,000	630,000	−2	−2
Accounts payable, accrued liabilities and other liabilities	−220,000	57,000	−253,000	342,000	−2
Due to related persons	−509,000	−295,000	203,000	733,000	283,000
Net cash provided by operating activities	15	20	20	13	792,000
Origination and acquisition of loans held for investment	−209	−132	—	—	—
Additional funding of loans held for investment	−7	−12	−5	−17	−4
Repayment of loans held for investment	143	166	172	134	—
Real estate owned improvements	−263,000	−329,000	−1	0	—
Net cash (used in) provided by investing activities	−73	21	36	−84	−284
Proceeds from secured financing facilities	178	101	123	285	250
Repayments under secured financing facilities	−110	−138	−141	−152	−38
Payments of deferred financing costs	−325,000	−1	−703,000	−2	−1
Proceeds from issuance of common shares, net	62	0	—	—	—
Repurchase of common shares	−383,000	−377,000	−183,000	−137,000	−57,000
Distributions	−19	−21	−21	−15	−5
Net cash provided by (used in) financing activities	111	−58	−39	116	206
Increase (decrease) in cash and cash equivalents	53	−17	17	45	−77
Interest paid	28	31	32	16	2
Income taxes refunded	−14,000	−35,000	135,000	134,000	—

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro