Seven Hills Realty Trust · NASDAQ:SEVN
Seven Hills Realty Trust — Q4 2025 Earnings Presentation
24 slides from Seven Hills Realty Trust's earnings presentation, Feb 19, 2026
Slide 1: Financial Results and Supplemental Information
Financial Results and Supplemental Information FOURTH QUARTER 2025 February 18, 2026
Slide 2: Seven Hills Realty Trust Announces Fourth Quarter 2025 Results
Seven Hills Realty Trust Announces Fourth Quarter 2025 Results “Seven Hills delivered a strong fourth Newton, MA (February 18, 2026). Seven Hills Realty Trust (Nasdaq: SEVN) today announced its financial results for the quarter and year ended December 31, 2025. quarter, reflecting the strength of ou
Slide 3: Company Snapshot
Company Snapshot (As of December 31, 2025, unless otherwise noted) Strong Loan Portfolio Conservative Leverage Integrated with RMR Real Estate Platform $724 million 1.5x ~20% Floating rate Debt to equity ratio Ownership of SEVN first mortgage loan commitments $30 million $740 million ~$37 billion Av
Slide 4: Fourth Quarter 2025 Highlights
Fourth Quarter 2025 Highlights (As of and for the three months ended December 31, 2025, unless otherwise noted) Financial • Generated net income of $4.8 million, or $0.29 per diluted share. Results • Generated Distributable Earnings of $4.6 million, or $0.28 per diluted share. • Originated one loan
Slide 5: Fourth Quarter 2025 Financial Summary
Fourth Quarter 2025 Financial Summary (amounts in thousands, except per share data) Income Statement Balance Sheet Three Months Ended December 31, 2025 December 31, 2025 Income from loan investments, net $ 6,691 Loans held for investment, net $ 676,908 Revenue from real estate owned 613 Real estate
Slide 6: Distributable Earnings Bridge
Distributable Earnings Bridge (1) 4 .3 $0 2 .3 ($0.01) $0 $0.03 $0.31 0 .3 ($0.03) $0 $0.29 $0.29 8 $0.28 $0.28 .2 $0 6 .2 $0 4 .2 $0 2 Share dilution (3) .2 Q3 2025 Distributable Earnings Net interest income - Net interest income - Q4 2025 Distributable Earnings $0 loan originations (2) loan repaym
Slide 7: Income from Loan Investments, Net - Interest Rate Trends
Income from Loan Investments, Net - Interest Rate Trends 10.00% 9.00% 9.00% 8.84% 8.00% 1.77% 1.63% 7.86% 1.56% 7.00% 7.23% 7.21% 6.12% (1) 6.00% 6.30% Coupon Rate - Secured Financing (left axis) (2) Coupon Rate - Investments (left axis) 1.76% 5.00% 4.00% 4.36% 3.00% 2.00% 2022 2023 2024 2025 Averag
Slide 8: Loan Portfolio Summary
Loan Portfolio Summary As of Fourth Quarter 2025 Loan Portfolio Activity Fourth Quarter December 31, (dollars in millions) (dollars in thousands) Originations (1) 2025 $11.9 $1.4 $724.5 Total Loan Commitments Number of loans 3 24 ($17.5) $36.9 Unfunded Commitments (3) $641.9 $89.4 Average loan commi
Slide 9: New Loan Investment Activity
New Loan Investment Activity Collateral Type Student Housing Hotel Industrial Medical Office Location College Park, MD Revere, MA Wayne, PA Atlanta, GA Origination/ Acquisition November 2025 November 2025 (1) November 2025 (1) February 2026 Date Commitment $37.3 million $37.0 million $27.0 million $
Slide 10: Loan Portfolio Investment Activity and Diversity
Loan Portfolio Investment Activity and Diversity Geographic Region (1) Loan Originations by Quarter Midwest (dollars in millions) 15% $101.3 Total Loan Commitments East $11.9 Unfunded Commitments 33% $87.0 West $5.2 20% South $54.3 32% $- $49.7 $3.2 $46.0 Property Type (1) Retail $41.6 $5.2 $89.4 Pr
Slide 11: Loan Portfolio Credit Quality
Loan Portfolio Credit Quality Loan to Value (1) % of Portfolio Weighted Average LTV: 66% 29% 21% 19% 21% 10% 30% - 60% 61% - 65% 66% - 70% 71% - 75% 76% - 80% Loan Count 5 4 5 7 3 Risk Rating Distribution (1) % of Portfolio Weighted Average Risk Rating: 2.8 59% 16% 17% 8% —% Lower Risk (1) Average R
Slide 12: Office Loans
Office Loans (1) • No office loans in urban or CBD markets in our portfolio. • As of December 31, 2025, all of our borrowers had paid their debt service obligations owed and due to us. Total Loan Portfolio Office Risk Rating Distribution $26.5 million principal balance / Class B / Downers Grove, IL
Slide 13: Secured Financing Facilities
Secured Financing Facilities (As of December 31, 2025) Total/Weighted UBS (1) Citibank BMO Wells Fargo (2) Average (dollars in thousands) Maximum facility size $ 250,000 $ 215,000 $ 150,000 $ 125,000 $ 740,000 Principal balance $ 194,948 $ 135,715 $ 64,632 $ 92,980 $ 488,275 Unused capacity $ 55,052
Slide 14: Appendix
SEVEN HILLS REALTY TRUST Appendix a eo Ph ... ) = “4
Slide 15: Company Profile, Governance and Research Coverage
Company Profile, Governance and Research Coverage Management Equity Research Coverage Our manager, Tremont, is registered with the Securities and Exchange Commission, or SEC, as an JMP Securities Compass Point Research & Trading, LLC investment adviser and is owned by RMR. As of December 31, 2025, R
Slide 16: Loan Investment Details
Loan Investment Details (dollars in thousands) First mortgage loans as of December 31, 2025: Committed Maximum Origination Principal Principal Coupon All in Maturity Maturity Risk # Location Property Type Date Amount Balance Rate Yield Date Date LTV Rating 1 Olmsted Falls, OH (1) Multifamily 01/28/2
Slide 17: Loan Investment Details (Continued)
Loan Investment Details (Continued) (dollars in thousands) First mortgage loans as of December 31, 2025: Committed Maximum Origination Principal Principal Coupon All in Maturity Maturity Risk # Location Property Type Date Amount Balance Rate Yield Date Date LTV Rating 14 Wayne, PA Industrial 07/18/2
Slide 18: Interest Rate Sensitivity
Interest Rate Sensitivity (As of December 31, 2025) 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 $0.01 $— $— $0.00 -100 bps -75 bps -50 bps -25 bps 0 bps +25 bps +50 bps +75 bps +100 bps Interest Rate Changes Number of Loans Sub
Slide 19: Consolidated Balance Sheets
Consolidated Balance Sheets (dollars in thousands, except per share data) December 31, December 31, 2025 2024 ASSETS Cash and cash equivalents $ 123,471 $ 70,750 Loans held for investment 685,707 609,916 Allowance for credit losses (8,799) (8,074) Loans held for investment, net 676,908 601,842 Real
Slide 20: Consolidated Statements of Operations
Consolidated Statements of Operations (amounts in thousands, except per share data) Three Months Ended December 31, Year Ended December 31, 2025 2024 2025 2024 INCOME FROM INVESTMENTS: Interest and related income $ 14,217 $ 13,948 $ 56,340 $ 64,762 Less: interest and related expenses (7,526) (6,836)
Slide 21: Non-GAAP Financial Measures
Non-GAAP Financial Measures (amounts in thousands, except per share data) Three Months Ended December 31, September 30, June 30, March 31, December 31, 2025 2025 2025 2025 2024 Net income $ 4,794 $ 3,430 $ 2,678 $ 4,532 $ 4,879 Non-cash equity compensation expense 216 487 677 356 159 Non-cash accret
Slide 22: 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 23: 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 24: 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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