Seven Hills Realty Trust · NASDAQ:SEVN
Seven Hills Realty Trust — Q3 2026 Earnings Presentation
23 slides from Seven Hills Realty Trust's earnings presentation, Oct 27, 2026
Slide 1: Financial Results and Supplemental Information
Financial Results and Supplemental Information THIRD QUARTER 2026 October 27, 2026
Slide 2: Seven Hills Realty Trust Announces Third Quarter 2026 Results
Seven Hills Realty Trust Announces Third Quarter 2026 Results “Seven Hills had a strong overall quarter, Newton, MA (October 27, 2026). Seven Hills Realty Trust (Nasdaq: SEVN) today announced its financial generating Distributable Earnings of $0.24 per results for the quarter and nine months ended S
Slide 3: Company Snapshot
Company Snapshot (As of September 30, 2026, unless otherwise noted) Strong Loan Portfolio Conservative Leverage Integrated with RMR Real Estate Platform $745 million 1.4x ~20% 26 floating rate Debt to equity ratio Ownership of SEVN first mortgage loan commitments $29 million $865 million ~$37 billio
Slide 4: Third Quarter 2026 Highlights
Third Quarter 2026 Highlights (As of and for the three months ended September 30, 2026, unless otherwise noted) • Generated net income of $8.1 million, or $0.36 per diluted share. Financial • Generated Distributable Earnings of $3.8 million, or $0.17 per diluted share. Results • Generated Distributa
Slide 5: New Loan Investment Activity
New Loan Investment Activity Collateral Type Retail Retail Multifamily Location Park City, UT Charlotte, NC Chattanooga, TN Origination July 2026 September 2026 September 2026 Date Commitment $24.3 million $30.0 million $68.0 million Initial July 2029 September 2029 September 2029 Maturity Date Coup
Slide 6: Third Quarter 2026 Financial Summary
Third Quarter 2026 Financial Summary (amounts in thousands, except per share data) Income Statement Balance Sheet Three Months Ended September 30, 2026 September 30, 2026 Income from loan investments, net $ 7,675 Loans held for investment, net $ 694,421 Revenue from real estate owned 596 Real estate
Slide 7: Income from Loan Investments, Net - Interest Rate Trends
Income from Loan Investments, Net - Interest Rate Trends Driving Net Interest Margin through selective originations. 10.00% 3.00% 9.00% 9.00% 8.84% 2.50% 8.00% 1.77% 1.63% 7.86% 7.36% 2.00% 7.00% 1.74% 1.56% 7.23% 7.21% 1.52% 6.12% Coupon Rate - Secured Financing (left axis) (1) 6.00% 6.30% 1.65% 1.
Slide 8: Loan Portfolio Summary
Loan Portfolio Summary As of Third Quarter 2026 Loan Portfolio Activity Third Quarter September 30, (dollars in millions) (dollars in thousands) Originations 2026 ($2.6) $0.2 $3.3 Number of loans 3 26 $765.3 $122.1 ($139.0) $744.5 Total Loan Commitments Average loan commitment $40,750 $28,636 $43.0
Slide 9: Loan Portfolio Investment Activity and Diversity
Loan Portfolio Investment Activity and Diversity Loan Originations by Quarter (dollars in millions) Geographic Region (1) $122.3 Total Loan Commitments $0.2 Unfunded Commitments Midwest 4% $101.3 West South 23% 39% $11.9 $75.0 $3.0 East $67.5 34% $9.4 Principal Balance $122.1 Property Type (1) Retai
Slide 10: Loan Portfolio Credit Quality
Loan Portfolio Credit Quality Loan to Value (1) % of Portfolio Weighted Average LTV: 67% 24% 24% 20% 18% 14% 30% - 60% 61% - 65% 66% - 70% 71% - 75% 76% - 80% Loan Count 6 4 5 6 5 Risk Rating Distribution (1) Weighted Average % of Portfolio Risk Rating: 3.2 68% 19% 9% 4% —% Lower Risk (1) Average Ri
Slide 11: Office Loan Portfolio Update
Office Loan Portfolio Update Reducing Office Exposure (% of principal balance) Unlocking Loan Investment Capacity (in millions) $92.9 $46.8 27% 24% $28.2 $26.7 13% Before Repayment After Repayment Q3 2025 Q4 2025 Q3 2026 Equity Invested Loan Capacity Retail Illustrates increased loan origination cap
Slide 12: Secured Financing Facilities
Secured Financing Facilities (As of September 30, 2026) Total/Weighted UBS Citibank (1) BMO Wells Fargo Average (dollars in thousands) Maximum facility size $ 250,000 $ 215,000 $ 150,000 $ 250,000 $ 865,000 Principal balance $ 111,492 $ 81,691 $ 102,232 $ 143,857 $ 439,272 Unused capacity $ 138,508
Slide 13: Appendix
SEVEN HILLS REALTY TRUST Appendix a eo Ph ... ) —— .
Slide 14: Company Profile, Governance and Research Coverage
Company Profile, Governance and Research Coverage Management Our manager, Tremont, is registered with the Securities and Exchange Commission, or SEC, as an Board of Trustees investment adviser and is owned by The RMR Group. The RMR Group is a leading U.S. alternative Ann M. Danner Barbara D. Gilmore
Slide 15: Loan Investment Details
Loan Investment Details (dollars in thousands) First mortgage loans as of September 30, 2026: Committed Maximum Origination Principal Principal Coupon All in Maturity Maturity Risk # Location Property Type Date Amount Balance Rate Yield Date Date LTV Rating 1 Chattanooga, TN Multifamily 9/30/2026 $
Slide 16: Loan Investment Details (Continued)
Loan Investment Details (Continued) (dollars in thousands) First mortgage loans as of September 30, 2026: Committed Maximum Origination Principal Principal Coupon All in Maturity Maturity Risk # Location Property Type Date Amount Balance Rate Yield Date Date LTV Rating 15 Park City, UT Retail 7/23/2
Slide 17: Interest Rate Sensitivity
Interest Rate Sensitivity (As of September 30, 2026) Annualized Impact to Net Interest Income per Share $0.12 $0.10 $0.10 $0.08 $0.07 $0.06 $0.04 $0.04 $0.02 $0.02 $— $0.00 $(0.02) $(0.02) $(0.02) $(0.04) $(0.03) $(0.04) $(0.06) -100 bps -75 bps -50 bps -25 bps 0 bps +25 bps +50 bps +75 bps +100 bps
Slide 18: Financial Summary
Condensed Consolidated Balance Sheets (dollars in thousands, except per share data) September 30, December 31, 2026 2025 ASSETS Cash and cash equivalents $ 51,468 $ 123,471 Loans held for investment 703,765 685,707 Allowance for credit losses (9,344) (8,799) Loans held for investment, net 694,421 67
Slide 19: Condensed Consolidated Statements of Operations
Condensed Consolidated Statements of Operations (amounts in thousands, except per share data) Three Months Ended September 30, Nine Months Ended September 30, 2026 2025 2026 2025 INCOME FROM INVESTMENTS: Interest and related income $ 14,676 $ 13,442 $ 44,193 $ 42,123 Less: interest and related expen
Slide 20: Non-GAAP Financial Measures
Non-GAAP Financial Measures (amounts in thousands, except per share data) Three Months Ended September 30, June 30, March 31, December 31, September 30, 2026 2026 2026 2025 2025 Net income (loss) $ 8,052 $ (867) $ 4,385 $ 4,794 $ 3,430 Non-cash equity compensation expense 585 891 207 216 487 Non-cas
Slide 21: Non-GAAP Financial Measures (Continued)
Non-GAAP Financial Measures (Continued) We present Distributable Earnings, Distributable Earnings per common share, Adjusted Book Value and Adjusted Book Value per common share, which are considered “non-GAAP financial measures” within the meaning of the applicable SEC rules. These non-GAAP financia
Slide 22: Other Measures and Definitions
Other Measures and Definitions All In Yield: All In Yield represents the yield on a loan, including amortization of deferred fees over the initial term of the loan and excluding any purchase discount accretion. BMO Facility: Amounts advanced under the facility loan agreement and security agreement w
Slide 23: Warning Concerning Forward-Looking Statements
Warning Concerning Forward-Looking Statements This presentation contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. These statements include words such as “believe”, “could”, “expect”, “a
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