earnings
confidence high
sentiment neutral
materiality 0.65
SEVN Q1 net income $0.76/sh, adj. distributable EPS $0.37 (+76% QoQ); loan commitments reach $685M
Seven Hills Realty Trust
2022-Q1 EPS reported
$0.76
- Net income of $11.1M ($0.76 diluted EPS), down 46% QoQ from $20.7M.
- Adjusted distributable earnings $5.3M ($0.37/sh), up 76% QoQ from $0.21.
- Originated $95.8M in new loans; total loan commitments grew to $684.5M.
- Quarterly dividend maintained at $0.25/sh; paid Feb 2022, declared for May 2022.
- Expanded borrowing capacity >$800M via new Wells Fargo facility ($125M) and upsized BMO Harris ($150M).