Seven Hills Realty Trust
Business
Seven Hills Realty Trust is a Maryland REIT that originates and invests in floating-rate first mortgage loans secured by middle-market transitional commercial real estate properties. The company focuses on bridge financing for properties undergoing redevelopment or repositioning, targeting loans with conservative loan-to-value ratios and near-term maturities. Seven Hills operates across the United States, funded through repurchase facilities, secured financing arrangements, and equity issuances, with portfolio management and operations conducted by a subsidiary of RMR.
Summary from 10-K filed 2026-02-18
Financials
Consolidated Statement of Income
| Concept | Trend | 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
| Concept | Trend | 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
| Concept | Trend | 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
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Seven Hills Realty Trust's CIK number?
Seven Hills Realty Trust's SEC CIK number is 0001452477 (1452477). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Seven Hills Realty Trust's SEC filings?
All of Seven Hills Realty Trust's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Seven Hills Realty Trust last report earnings?
Seven Hills Realty Trust (SEVN) most recently filed an earnings 8-K with the SEC on Apr 28, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001452477-26-000020). This is Seven Hills Realty Trust's most recent earnings filing of record — not a forecast of its next earnings date.
What is Seven Hills Realty Trust's most recent earnings 8-K?
Seven Hills Realty Trust's latest earnings 8-K (Item 2.02) was filed Apr 28, 2026 under accession 0001452477-26-000020. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Seven Hills Realty Trust's latest earnings 8-K →
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