earnings
confidence high
sentiment positive
materiality 0.70
Seven Hills Realty Trust Q2 net income $0.31/sh, adjusted distributable earnings $0.24; loan commitments reach $735M
Seven Hills Realty Trust
2022-Q2 EPS reported
$1.08
revenue$21,275,000
- Net income per share $0.31 (up from $0.11 YoY); adjusted distributable earnings per share $0.24 (up from $0.13).
- Aggregate loan commitments reached $735M, threefold increase from $250.7M a year ago; originated $60.5M in new loans.
- All loans current, no defaults; weighted average coupon 5.14%, all-in yield 5.64%.
- Increased credit facility from $100M to $150M; declared $0.25 quarterly distribution.
- Estimates a 75bps rate increase would add $0.07 annual net income per share.