Seven Hills Realty Trust Announces Quarterly Dividend on Common Shares

Rhea-AI Summary

Seven Hills Realty Trust (Nasdaq: SEVN) has declared a regular quarterly cash dividend of $0.35 per common share, totaling $1.40 annually. The dividend will be paid to shareholders who are on record as of July 22, 2024, with the payment expected around August 15, 2024.

This announcement reflects the company's ongoing commitment to providing returns to its shareholders.

Positive

• Declared quarterly dividend of $0.35 per share, totaling $1.40 annually.
• Dividend payment date set for August 15, 2024.

Negative

• None.

NEWTON, Mass.--(BUSINESS WIRE)-- Seven Hills Realty Trust (Nasdaq: SEVN) today announced a regular cash distribution on its common shares of $0.35 per share ($1.40 per share per year). The distribution declared today will be paid to SEVN’s common shareholders of record as of the close of business on July 22, 2024 and distributed on or about August 15, 2024.

About Seven Hills Realty Trust

Seven Hills Realty Trust (Nasdaq: SEVN) is a real estate finance company focused on originating and investing 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 $41 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 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 intent, 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 quarterly cash distribution rate is $0.35 per share per quarter or $1.40 per share per year. A possible implication of this statement is that SEVN will continue to pay quarterly distributions of $0.35 per share or $1.40 per share per year in the future. SEVN’s Board of Trustees considers many factors when setting or resetting SEVN’s distribution rate, including SEVN’s historical and projected income, Distributable Earnings, Distributable Earnings per 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 and other factors deemed relevant by SEVN's Board of Trustees in its discretion. Accordingly, any future distributions to SEVN’s shareholders may be increased, decreased, suspended or discontinued, and SEVN cannot be sure as to the rate at which future distributions, if any, will be paid.

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/20240710380455/en/

Stephen Colbert, Director, Investor Relations

(617) 796-8253

Source: Seven Hills Realty Trust

FAQ

What is the dividend amount announced by Seven Hills Realty Trust (SEVN) for this quarter?

Seven Hills Realty Trust announced a quarterly dividend of $0.35 per common share.

When will Seven Hills Realty Trust (SEVN) pay the declared dividend?

The dividend will be paid on or about August 15, 2024.

What is the annual dividend per share for Seven Hills Realty Trust (SEVN)?

The annual dividend per share for Seven Hills Realty Trust is $1.40.

Who is eligible to receive the dividend from Seven Hills Realty Trust (SEVN)?

Shareholders on record as of the close of business on July 22, 2024, are eligible to receive the dividend.