Headquartered in Newton, MA Fiscal year ends December NASDAQ: SEVN sevnreit.com
Seven Hills Realty Trust (Nasdaq: SEVN) is a real estate investment trust (REIT) that originates and invests in first mortgage loans secured by middle market transitional commercial real estate. The company maintains a portfolio of 26 floating rate first mortgage loans with total commitments of approximately $745 million, diversified across property types including multifamily, industrial, office, hotel, student housing, retail, medical office, and self-storage. All loans are floating rate and nearly all contain interest rate floor provisions. SEVN is externally managed by Tremont Realty Capital, a wholly owned subsidiary of The RMR Group (Nasdaq: RMR), an alternative asset management company with approximately $37 billion in assets under management and 40 years of institutional experience in commercial real estate. The RMR platform provides SEVN with access to an extensive network of real estate owners, operators, sponsors, and financial institutions. SEVN finances its lending activities through master repurchase facilities with UBS, Citibank, BMO, and Wells Fargo, with a combined maximum facility size of $865 million. Updated
WD-40 leads today's payouts, sending about $13.7 million to shareholders at $1.02 a share on October 30. RMR, Industrial Logistics Properties, Service Properties and Seven Hills Realty follow with payments on November 12.
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Seven Hills Realty Trust (Nasdaq: SEVN) is a real estate investment trust (REIT) that originates and invests in first mortgage loans secured by middle market transitional commercial real estate.
The Wall Street consensus 12-month price target for SEVN is $9.00.
