earnings
confidence medium
sentiment positive
materiality 0.50
SEVN Q1 distributable earnings beat guidance; declares $0.35 dividend
Seven Hills Realty Trust
2024-Q1 EPS reported
$0.35
revenue$9,362,000
- Distributable earnings per share exceeded guidance and more than covered the quarterly dividend.
- Received more than $40M in loan repayments during the quarter.
- Office sector exposure reduced from 40% at Q1 2023 to 28% currently.
- Declared quarterly distribution of $0.35 per common share, payable May 16, 2024.