Seven Hills Realty Trust Announces Quarterly Dividend on Common Shares

Rhea-AI Summary

Seven Hills Realty Trust (NASDAQ: SEVN) has declared a $0.25 quarterly cash distribution per common share, amounting to $1.00 annually. This distribution is scheduled for shareholders of record as of April 25, 2022, to be paid on or about May 19, 2022. Managed by Tremont Realty Capital, SEVN specializes in originating and investing in first mortgage loans secured by middle market and transitional commercial real estate. The company is under the umbrella of The RMR Group, boasting approximately $37 billion in assets under management.

Positive

• Quarterly cash distribution of $0.25 per share ($1.00 annually) supports shareholder income.
• Stable management structure under Tremont Realty Capital and The RMR Group enhances operational confidence.

Negative

• Future dividend payments are not guaranteed and may be adjusted based on various financial 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 April 25, 2022 and distributed on or about May 19, 2022.

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 approximately $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, Adjusted Distributable Earnings, 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 qualify for taxation as a real estate investment trust and other factors deemed relevant by SEVN's Board of Trustees in its discretion. Accordingly, future dividends may be increased or decreased and there is no assurance as to the rate at which future dividends will be paid, and they could decline in amount or be suspended or discontinued.

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/20220413006083/en/

Kevin Barry, Director, Investor Relations

(617) 658-0776

www.sevnreit.com

 

Source: Seven Hills Realty Trust

FAQ

What is the dividend amount declared by Seven Hills Realty Trust for April 2022?

The declared dividend amount is $0.25 per common share.

When will Seven Hills Realty Trust's dividend be paid?

The dividend will be paid on or about May 19, 2022.

Who manages Seven Hills Realty Trust?

Seven Hills Realty Trust is managed by Tremont Realty Capital, an affiliate of The RMR Group.

What factors influence Seven Hills Realty Trust's dividend payments?

The dividend payments are influenced by SEVN's historical and projected income, cash availability, and other financial obligations.