Seven Hills Realty Trust Announces Quarterly Dividend on Common Shares

Rhea-AI Summary

Seven Hills Realty Trust (Nasdaq: SEVN) announced a quarterly cash distribution of $0.25 per share, totaling $1.00 annually. The payment will be directed to shareholders on record as of October 24, 2022, with distribution expected around November 17, 2022. SEVN focuses on first mortgage loans secured by commercial real estate and is managed by Tremont Realty Capital, part of The RMR Group, which oversees over $37 billion in assets. The continuation of dividends is subject to their Board's discretion and various financial considerations.

Positive

• Quarterly cash distribution of $0.25 per share ($1.00 annually) enhances shareholder value.
• Managed by Tremont Realty Capital, a part of The RMR Group, with significant industry experience.

Negative

• Future dividends are not guaranteed and may be adjusted or suspended based on several factors.

NEWTON, Mass.--(BUSINESS WIRE)-- Seven Hills Realty Trust (Nasdaq: SEVN) today announced a regular quarterly cash distribution on its common shares of $0.25 per share ($1.00 per share per year). The distribution will be paid to SEVN’s common shareholders of record as of the close of business on October 24, 2022 and distributed on or about November 17, 2022.

About Seven Hills Realty Trust

Seven Hills Realty Trust (Nasdaq: SEVN) is a real estate finance company that originates and invests in first mortgage loans secured by middle market and transitional commercial real estate. SEVN is managed by Tremont Realty Capital, an affiliate of The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with over $37 billion in assets under management and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. For more information about SEVN, please visit www.sevnreit.com.

WARNING CONCERNING FORWARD-LOOKING STATEMENTS

This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. These forward-looking statements are based upon SEVN’s present beliefs and expectations, but these statements and the implications of these statements are not guaranteed to occur and may not occur for various reasons, some of which are beyond SEVN’s control. For example:

This press release states that SEVN’s dividend rate will be $0.25 per common share ($1.00 per share per year). A possible implication of this statement is that SEVN will continuously pay quarterly dividends of $0.25 per share ($1.00 per share per year) in the future. The SEVN Board of Trustees considers many factors when determining whether to declare dividends, including SEVN’s historical and projected income, Distributable Earnings, Distributable Earnings per common share, Adjusted Distributable Earnings, Adjusted Distributable Earnings per common share, the then current and expected needs and availability of cash to pay SEVN's obligations and fund its investments, distributions which may be required to be paid by SEVN to maintain SEVN’s qualification for taxation as a real estate investment trust, limitations on distributions contained in SEVN’s financing arrangements and other factors deemed relevant by SEVN's Board of Trustees in its discretion. Accordingly, any future dividends may be increased, decreased, suspended or discontinued, and there is no assurance as to the rate at which future dividends, if any, will be paid.

The information contained in SEVN’s filings with the Securities and Exchange Commission, or SEC, including under “Risk Factors” in SEVN’s periodic reports, or incorporated therein, identifies other important factors that could cause SEVN’s actual results to differ materially from those stated in or implied by SEVN’s forward-looking statements. SEVN’s filings with the SEC are available on the SEC’s website at www.sec.gov.

You should not place undue reliance upon forward-looking statements.

Except as required by law, SEVN does not intend to update or change any forward-looking statements as a result of new information, future events or otherwise.

A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.
No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221012006095/en/

Kevin Barry, Director, Investor Relations

(617) 658-0776

www.sevnreit.com

Source: Seven Hills Realty Trust

FAQ

What is the dividend payment amount for Seven Hills Realty Trust (SEVN) in 2022?

The dividend payment amount is $0.25 per share.

When is the dividend payment date for SEVN?

The dividend payment date is scheduled for on or about November 17, 2022.

What factors influence dividend payments for Seven Hills Realty Trust (SEVN)?

Dividend payments are influenced by historical income, cash needs, and financial obligations.

Who manages Seven Hills Realty Trust (SEVN)?

Seven Hills Realty Trust is managed by Tremont Realty Capital, affiliated with The RMR Group.