Seven Hills Realty Trust · NASDAQ:SEVN
Seven Hills Realty Trust — Q2 2026 Earnings Presentation
23 slides from Seven Hills Realty Trust's earnings presentation, Jul 28, 2026
Slide 1: Financial Results and Supplemental Information
Financial Results and Supplemental Information SECOND QUARTER 2026 July 28, 2026
Slide 2: Seven Hills Realty Trust Announces Second Quarter 2026 Results
Seven Hills Realty Trust Announces Second Quarter 2026 Results “Seven Hills generated Distributable Earnings Newton, MA (July 28, 2026). Seven Hills Realty Trust (Nasdaq: SEVN) today announced its financial results of $0.23 per share during the quarter while for the quarter and six months ended June
Slide 3: Company Snapshot
Company Snapshot (As of June 30, 2026, unless otherwise noted) Strong Loan Portfolio Conservative Leverage Integrated with RMR Real Estate Platform $765 million 1.5x ~20% 27 floating rate Debt to equity ratio Ownership of SEVN first mortgage loan commitments $28 million $865 million ~$37 billion Ave
Slide 4: Second Quarter 2026 Highlights
Second Quarter 2026 Highlights (As of and for the three months ended June 30, 2026, unless otherwise noted) Financial • Generated a net loss of $0.9 million, or $0.04 per diluted share. Results • Generated Distributable Earnings of $5.1 million, or $0.23 per diluted share. • Originated three loans w
Slide 5: New Loan Investment Activity
New Loan Investment Activity Collateral Type Self Storage Multifamily Medical Office Retail Location Philadelphia, PA Roswell, GA Sugar Land, TX Park City, UT Origination May 2026 May 2026 June 2026 July 2026 Date Commitment $16.0 million $36.3 million $22.7 million $24.3 million Initial May 2029 Ma
Slide 6: Second Quarter 2026 Financial Summary
Second Quarter 2026 Financial Summary (amounts in thousands, except per share data) Income Statement Balance Sheet Three Months Ended June 30, 2026 June 30, 2026 Income from loan investments, net $ 7,507 Loans held for investment, net $ 705,230 Revenue from real estate owned 618 Real estate owned, n
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% 7.37% 2.00% 7.00% 1.74% 1.56% 7.23% 7.21% 1.56% 1.86% 6.12% Coupon Rate - Secured Financing (left axis) (1) 6.00% 6.30% 1.
Slide 8: Loan Portfolio Summary
Loan Portfolio Summary Second Quarter 2026 Loan Portfolio Activity Second Quarter As of (dollars in millions) (dollars in thousands) Originations June 30, 2026 Number of loans 3 27 $3.0 $3.5 ($0.5) $776.0 $765.3 Total Loan Commitments $72.0 ($85.2) $44.0 $43.0 Unfunded Commitments Average loan commi
Slide 9: Loan Portfolio Investment Activity and Diversity
Loan Portfolio Investment Activity and Diversity Loan Originations by Quarter (dollars in millions) Geographic Region (1) Midwest $101.3 3% $11.9 West 24% South 40% $75.0 Total Loan Commitments $3.0 Unfunded Commitments $67.5 $9.4 East 33% $46.0 Property Type (1) Retail $5.2 $89.4 $34.5 Principal Ba
Slide 10: Loan Portfolio Credit Quality
Loan Portfolio Credit Quality Loan to Value (1) % of Portfolio Weighted Average LTV: 67% 29% 24% 20% 13% 14% 30% - 60% 61% - 65% 66% - 70% 71% - 75% 76% - 80% Loan Count 6 4 5 8 4 Risk Rating Distribution (1) Weighted Average % of Portfolio Risk Rating: 2.9 59% 22% 10% 9% —% Lower Risk (1) Average R
Slide 11: Office Loans
Office Loans (1) • No office loans in urban or CBD markets in our portfolio. • As of June 30, 2026, all of our borrowers had paid their debt service obligations owed and due to us. Office Risk Rating Distribution Total Loan Portfolio Risk Rating $23.5 million principal balance / Class B / Downers Gr
Slide 12: Secured Financing Facilities
Secured Financing Facilities (As of June 30, 2026) Total/Weighted UBS Citibank BMO Wells Fargo Average (dollars in thousands) Maximum facility size $ 250,000 $ 215,000 $ 150,000 $ 250,000 $ 865,000 Principal balance $ 134,692 $ 135,715 $ 85,032 $ 116,305 $ 471,744 Unused capacity $ 115,308 $ 79,285
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 June 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 Passaic, NJ Industrial 09/08/2022 $ 47,000 $
Slide 16: Loan Investment Details (Continued)
Loan Investment Details (Continued) (dollars in thousands) First mortgage loans as of June 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 Fayetteville, GA Self Storage 10
Slide 17: Interest Rate Sensitivity
Interest Rate Sensitivity (As of June 30, 2026) Annualized Impact to Net Interest Income per Share $0.10 $0.08 $0.08 $0.06 $0.06 $0.05 $0.04 $0.03 $0.02 $0.02 $0.01 $— $— $0.00 $(0.02) $(0.01) -100 bps -75 bps -50 bps -25 bps 0 bps +25 bps +50 bps +75 bps +100 bps Interest Rate Changes Number of Loa
Slide 18: Financial Summary
Condensed Consolidated Balance Sheets (dollars in thousands, except per share data) June 30, December 31, 2026 2025 ASSETS Cash and cash equivalents $ 69,975 $ 123,471 Loans held for investment 719,634 685,707 Allowance for credit losses (14,404) (8,799) Loans held for investment, net 705,230 676,90
Slide 19: Condensed Consolidated Statements of Operations
Condensed Consolidated Statements of Operations (amounts in thousands, except per share data) Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 INCOME FROM INVESTMENTS: Interest and related income $ 14,678 $ 14,359 $ 29,517 $ 28,681 Less: interest and related expenses (7,171)
Slide 20: Non-GAAP Financial Measures
Non-GAAP Financial Measures (amounts in thousands, except per share data) Three Months Ended June 30, March 31, December 31, September 30, June 30, 2026 2026 2025 2025 2025 Net (loss) income $ (867) $ 4,385 $ 4,794 $ 3,430 $ 2,678 Non-cash equity compensation expense 891 207 216 487 677 Non-cash acc
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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