Seven Hills Realty Trust SEVN
Our Company. Seven Hills Realty Trust is a Maryland REIT that focuses primarily on originating and investing in floating rate first mortgage loans that range from $15.0 million to $75.0 million, secured by middle market transitional CRE properties that have values up to $100.0 million. We define transitional CRE as commercial properties subject to redevelopment or repositioning activities that are expected to increase the value of the properties.
As of December 31, 2025, we had a portfolio of 24 floating rate first mortgage loans with aggregate loan commitments of $724.5 million with a weighted average maximum maturity of 2.6 years, a weighted average coupon rate and a weighted average all in yield of 7.52% and 7.92%, respectively, and a weighted average interest rate floor of 2.81%.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $29.4M | $35.3M | $38.2M | $38.4M | — | — | — |
| SG&A | $4.4M | $3.9M | $3.9M | $3.8M | $3.1M | — | — |
| Total operating expenses | $13.9M | $17.4M | $12.3M | $10.6M | $8.5M | — | — |
| Interest expense | — | — | $33.5M | $17.6M | $2.3M | $1.2M | — |
| Pre-tax income | $15.4M | $17.9M | $25.9M | $27.8M | $25.0M | — | — |
| Income tax | $14.0K | $33.0K | $38.0K | $113.0K | $338.0K | $2.4M | — |
| Net income | $15.4M | $17.8M | $26.0M | $27.6M | $24.6M | — | — |
| EPS, basic | 1.00 | 1.20 | 1.76 | 1.89 | 2.18 | — | — |
| EPS, diluted | 1.00 | 1.20 | 1.76 | 1.89 | 2.18 | — | — |
| Shares, diluted (wtd. avg.) | $15.2M | $14.7M | $14.6M | $14.5M | $11.3M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $123.5M | $70.8M | $87.9M | $71.1M | $26.3M | $103.6M | $4.7M |
| Total assets | $820.9M | $692.8M | $731.5M | $746.8M | $600.0M | $196.1M | — |
| Total liabilities | $492.2M | $423.5M | $460.3M | $475.3M | $342.3M | $3.2M | — |
| Retained earnings | $104.9M | $89.5M | $71.7M | $52.3M | $24.6M | — | — |
| Total equity | $328.7M | $269.3M | $271.2M | $271.6M | $257.7M | $192.9M | — |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $15.0M | $20.1M | $20.3M | $12.8M | $792.0K | $210.3M | — |
| Depreciation and amortisation | $1.1M | $1.3M | $604.0K | $0 | — | — | — |
| Stock-based compensation | $1.7M | $1.4M | $1.1M | $1.0M | $627.0K | — | — |
| Investing cash flow | -$73.0M | $21.3M | $35.8M | -$84.1M | -$283.9M | — | — |
| Financing cash flow | $110.6M | -$58.5M | -$39.3M | $116.1M | $205.8M | -$111.4M | — |
| Dividends paid | $18.8M | $20.8M | $20.6M | $14.6M | $4.6M | $6.4M | — |
| Buybacks | $383.0K | $377.0K | $183.0K | $137.0K | $57.0K | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001452477-26-000010.
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