secwatch.observer — SEC 8-K summary
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Issuer:     Seven Hills Realty Trust (SEVN)
CIK:        0001452477
Form:       8-K
Filed at:   2021-11-02T23:59:59+00:00
Accession:  0001452477-21-000057
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Seven Hills Realty Trust Q3 net income $2.5M ($0.24/shr); completes merger with Tremont Mortgage Trust
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- Net income $2.484M ($0.24 diluted), up 114% from $1.16M in Q2 2021; distributable earnings also $0.24 per share.
- Completed merger with Tremont Mortgage Trust on Sept 30, 2021; acquired 10 loans with $218.2M commitments; combined portfolio $525.9M.
- Funded $76.1M in new first mortgage loans during Q3; combined pro forma Q3 originations $139.5M.
- Paid $0.15/share quarterly distribution; adjusted book value $18.83, down 0.4% from Q2 due to $36.4M purchase discount to be accreted.
- Pro forma Q3 net income $1.02/share, distributable earnings $0.22/share; all loans current on debt service.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1452477/000145247721000057/0001452477-21-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1452477/000145247721000057/rmrm-20211102.htm
  HTML page:      https://secwatch.observer/filing/0001452477-21-000057

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