Seven Hills Realty Trust · NASDAQ:SEVN
Seven Hills Realty Trust — Q1 2026 Earnings Presentation
23 slides from Seven Hills Realty Trust's earnings presentation, Apr 29, 2026
Slide 1: Financial Results and Supplemental Information
Financial Results and Supplemental Information FIRST QUARTER 2026 April 28, 2026
Slide 2: Seven Hills Realty Trust Announces First Quarter 2026 Results
Seven Hills Realty Trust Announces First Quarter 2026 Results “Seven Hills delivered solid first quarter Newton, MA (April 28, 2026). Seven Hills Realty Trust (Nasdaq: SEVN) today announced its financial results results, generating Distributable Earnings of for the quarter ended March 31, 2026. $0.2
Slide 3: Company Snapshot
Company Snapshot (As of March 31, 2026, unless otherwise noted) Strong Loan Portfolio Conservative Leverage Integrated with RMR Real Estate Platform $776 million 1.4x ~20% 26 floating rate Debt to equity ratio Ownership of SEVN first mortgage loan commitments $30 million $865 million ~$37 billion Av
Slide 4: First Quarter 2026 Highlights
First Quarter 2026 Highlights (As of and for the three months ended March 31, 2026, unless otherwise noted) Financial • Generated net income of $4.4 million, or $0.19 per diluted share. Results • Generated Distributable Earnings of $5.3 million, or $0.24 per diluted share. • Originated three loans w
Slide 5: First Quarter 2026 Financial Summary
First Quarter 2026 Financial Summary (amounts in thousands, except per share data) Income Statement Balance Sheet Three Months Ended March 31, 2026 March 31, 2026 Income from loan investments, net $ 7,657 Loans held for investment, net $ 720,601 Revenue from real estate owned 682 Real estate owned,
Slide 6: 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% 7.44% 2.00% 7.00% 1.74% 1.56% 7.23% 7.21% 1.60% 1.95% 6.12% Coupon Rate - Secured Financing (left axis) (1) 6.00% 6.30% 1.
Slide 7: Loan Portfolio Summary
Loan Portfolio Summary First Quarter 2026 Loan Portfolio Activity First Quarter As of (dollars in millions) (dollars in thousands) Originations March 31, 2026 $776.0 Total Loan Commitments $9.4 $2.3 $44.0 Unfunded Commitments Number of loans 3 26 $724.5 ($16.0) $36.9 $58.1 Average loan commitment $2
Slide 8: New Loan Investment Activity
New Loan Investment Activity Collateral Type Medical Office Retail Hotel Location Atlanta, GA Palm Desert, CA Scottsdale, AZ Origination February 2026 February 2026 March 2026 Date Commitment $30.5 million $19.5 million $17.5 million Initial February 2029 February 2029 March 2029 Maturity Date Coupo
Slide 9: Loan Portfolio Investment Activity and Diversity
Loan Portfolio Investment Activity and Diversity Geographic Region (1) Loan Originations by Quarter Midwest (dollars in millions) 14% $101.3 South $11.9 32% West 23% $67.5 Total Loan Commitments $9.4 Unfunded Commitments East 31% $49.7 $3.2 $46.0 Property Type (1) Retail $5.2 $89.4 $34.5 Other $- 10
Slide 10: Loan Portfolio Credit Quality
Loan Portfolio Credit Quality Loan to Value (1) % of Portfolio Weighted Average LTV: 66% 30% 20% 20% 21% 9% 30% - 60% 61% - 65% 66% - 70% 71% - 75% 76% - 80% Loan Count 5 5 5 8 3 Risk Rating Distribution (1) % of Portfolio Weighted Average Risk Rating: 2.8 52% 22% 13% 13% —% 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 March 31, 2026, all of our borrowers had paid their debt service obligations owed and due to us. Office Risk Rating Distribution Total Loan Portfolio $26.5 million principal balance / Class B / Downers Grove, IL Ris
Slide 12: Secured Financing Facilities
Secured Financing Facilities (As of March 31, 2026) Total/Weighted UBS (1) Citibank BMO Wells Fargo (2) Average (dollars in thousands) Maximum facility size $ 250,000 $ 215,000 $ 150,000 $ 250,000 $ 865,000 Principal balance $ 142,417 $ 135,715 $ 85,032 $ 104,305 $ 467,469 Unused capacity $ 107,583
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 Equity Research Coverage Our manager, Tremont, is registered with the Securities and Exchange Commission, or SEC, as an investment adviser and is owned by RMR. RMR is a leading U.S. alternative asset management Citizens Ladenburg Thalmann
Slide 15: Loan Investment Details
Loan Investment Details (dollars in thousands) First mortgage loans as of March 31, 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 Olmsted Falls, OH (1) Multifamily 01/28/2021
Slide 16: Loan Investment Details (Continued)
Loan Investment Details (Continued) (dollars in thousands) First mortgage loans as of March 31, 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 Wayne, PA Industrial 07/18/2024
Slide 17: Interest Rate Sensitivity
Interest Rate Sensitivity (As of March 31, 2026) Annualized Impact to Net Interest Income per Share $0.10 $0.08 $0.08 $0.06 $0.05 $0.04 $0.04 $0.03 $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 Subject t
Slide 18: Financial Summary
Condensed Consolidated Balance Sheets (dollars in thousands, except per share data) March 31, December 31, 2026 2025 ASSETS Cash and cash equivalents $ 56,606 $ 123,471 Loans held for investment 730,096 685,707 Allowance for credit losses (9,495) (8,799) Loans held for investment, net 720,601 676,90
Slide 19: Condensed Consolidated Statements of Operations
Condensed Consolidated Statements of Operations (amounts in thousands, except per share data) Three Months Ended March 31, 2026 2025 INCOME FROM INVESTMENTS: Interest and related income $ 14,839 $ 14,322 Less: interest and related expenses (7,182) (7,437) Income from loan investments, net 7,657 6,88
Slide 20: Non-GAAP Financial Measures
Non-GAAP Financial Measures (amounts in thousands, except per share data) Three Months Ended March 31, December 31, September 30, June 30, March 31, 2026 2025 2025 2025 2025 Net income $ 4,385 $ 4,794 $ 3,430 $ 2,678 $ 4,532 Non-cash equity compensation expense 207 216 487 677 356 Non-cash accretion
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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