Seven Hills Realty Trust missed on both earnings and revenue as a $4.9 million credit loss provision ballooned from $912,000 a year ago, offsetting capital deployment momentum from its December rights offering. The dividend payout ratio has climbed to 122% of distributable earnings, creating a coverage gap management expects to close through fresh loan originations by year-end.
Seven Hills Realty Trust :
SEVN
SEVN
Stock Data
$7.66
$0.08 (1.06%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
REAL ESTATE
Industry
REIT - MORTGAGE
Seven Hills Realty Trust specializes in providing first mortgage loans for commercial real estate across the U.S., focusing on middle market and transitional properties. Operating as a real estate investment trust (REIT), it benefits from not paying corporate income tax on earnings distributed to shareholders. Originally known as RMR Mortgage Trust, it was founded in 2008 and is based in Newton, Massachusetts.
Latest Activity
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- 4SEVNSeven Hills Realty Trust Common Stock$0.28/sh$6.3M
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The RMR Group is paying out $7.2 million in dividends today as five stocks go ex-dividend, meaning new buyers won't receive the upcoming payouts.
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