SEVN on Nasdaq
Seven Hills Realty Trust
American real estate investment trust based in Baltimore, active since 2017. Summary from the record
Price unavailable
Last updated Oct 19, 2026.
Overview
Compare with FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC., Franklin BSP Realty Trust, Inc. or Cedar Realty Trust, or pick any stock.
- TickerSEVN on Nasdaq2
- IndustryReal Estate Investment Trusts2
- HeadquartersBaltimore, United States2
- Incorporated inMD3
- Business addressTwo Newton Place, 255 Washington Street, Suite 300, Newton, Ma 024583
- Filer categoryNon-accelerated filer, Smaller reporting company3
- Legal formTrust2
- Kind of organizationFund2
- LEI549300ESBDZ3SA3OEX382
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered addressc/o CSC-Lawyers Incorporating Service Company, 7 Saint Paul Street, Suite 820, 21202 Baltimore, United States2
- Registered withBusiness Services (Maryland Department of Assessments and Taxation), B179336562
See how the biggest companies compare on our leaderboards
Our Company. Seven Hills Realty Trust is a Maryland REIT that focuses primarily on originating and investing in floating rate first mortgage loans that range from $15.0 million to $75.0 million, secured by middle market transitional CRE properties that have values up to $100.0 million. We define transitional CRE as commercial properties subject to redevelopment or repositioning activities that are expected to increase the value of the properties.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs47¢$13.9M
- Income tax0¢$14.0K
- Profit53¢$15.4M
Out of $29.4M in revenue.5
Where each dollar of operating cash went, fiscal 2025
- Dividends paid98¢$18.8M
- Share buybacks2¢$383.0K
Out of $15.0M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.5
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Interest and related income | $56.3M | $64.8M |
| Less: interest and related expenses | -$29.5M | -$31.8M |
| Income from loan investments, net | $26.9M | $33.0M |
| Revenue from real estate owned | $2.5M | $2.3M |
| Total revenue | $29.4M | $35.3M |
| Base management fees | $4.4M | $4.3M |
| Incentive fees | $625.0K | $974.0K |
| General and administrative expenses | $4.4M | $3.9M |
| Reimbursement of shared services expenses | $2.0M | $2.6M |
| Provision for credit losses | $203.0K | $3.1M |
| Expenses from real estate owned | $2.3M | $2.5M |
| Total other expenses | $13.9M | $17.4M |
| Income before income taxes | $15.4M | $17.9M |
| Income tax expense | -$14.0K | -$33.0K |
| Net income | $15.4M | $17.8M |
| Weighted average common shares outstanding- basic (in shares) | 15.2M shares | 14.7M shares |
| Weighted average common shares outstanding - diluted (in shares) | 15.2M shares | 14.7M shares |
| Net income per common share, basic (in dollars per share) | $1.00 | $1.20 |
| Net income per common share, diluted (in dollars per share) | $1.00 | $1.20 |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $123.5M | $70.8M | |
| Loans held for investment | $685.7M | $609.9M | |
| Allowance for credit losses | -$8.8M | -$8.1M | |
| Loans held for investment, net | $676.9M | $601.8M | |
| Real estate owned, net | $11.0M | $11.2M | |
| Acquired real estate leases, net | $2.8M | $3.4M | |
| Accrued interest receivable | $3.2M | $3.0M | |
| Prepaid expenses and other assets, net | $3.5M | $2.7M | |
| Total assets | $820.9M | $692.8M | |
| Accounts payable, accrued liabilities and other liabilities | $3.3M | $4.0M | |
| Secured financing facilities, net | $487.7M | $417.8M | |
| Due to related persons | $1.2M | $1.8M | |
| Total liabilities | $492.2M | $423.5M | |
| Common shares of beneficial interest, $0.001 par value per share; 25,000,000 shares authorized; 22,584,285 and 14,902,773 shares issued and outstanding, respectively | $23.0K | $15.0K | |
| Additional paid in capital | $303.2M | $240.4M | |
| Cumulative net income | $104.9M | $89.5M | |
| Cumulative distributions | -$79.5M | -$60.6M | |
| Total shareholders' equity | $328.7M | $269.3M | $271.2M |
| Total liabilities and shareholders' equity | $820.9M | $692.8M | |
| Common shares, par value (in dollars per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in shares) | 25.0M shares | 25.0M shares | |
| Common shares issued (in shares) | 22.6M shares | 14.9M shares | |
| Common shares outstanding (in shares) | 22.6M shares | 14.9M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $123.5M | $70.8M | |
| Loans held for investment | $685.7M | $609.9M | |
| Allowance for credit losses | -$8.8M | -$8.1M | |
| Loans held for investment, net | $676.9M | $601.8M | |
| Real estate owned, net | $11.0M | $11.2M | |
| Acquired real estate leases, net | $2.8M | $3.4M | |
| Accrued interest receivable | $3.2M | $3.0M | |
| Prepaid expenses and other assets, net | $3.5M | $2.7M | |
| Total assets | $820.9M | $692.8M | |
| Accounts payable, accrued liabilities and other liabilities | $3.3M | $4.0M | |
| Secured financing facilities, net | $487.7M | $417.8M | |
| Due to related persons | $1.2M | $1.8M | |
| Total liabilities | $492.2M | $423.5M | |
| Common shares of beneficial interest, $0.001 par value per share; 25,000,000 shares authorized; 22,584,285 and 14,902,773 shares issued and outstanding, respectively | $23.0K | $15.0K | |
| Additional paid in capital | $303.2M | $240.4M | |
| Cumulative net income | $104.9M | $89.5M | |
| Cumulative distributions | -$79.5M | -$60.6M | |
| Total shareholders' equity | $328.7M | $269.3M | $271.2M |
| Total liabilities and shareholders' equity | $820.9M | $692.8M | |
| Common shares, par value (in dollars per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in shares) | 25.0M shares | 25.0M shares | |
| Common shares issued (in shares) | 22.6M shares | 14.9M shares | |
| Common shares outstanding (in shares) | 22.6M shares | 14.9M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income | $15.4M | $17.8M |
| Accretion of purchase discount | -$37.0K | -$2.3M |
| Provision for credit losses | $203.0K | $3.1M |
| Amortization of loan origination and exit fees | -$2.1M | -$2.7M |
| Amortization of deferred financing costs | $1.5M | $1.4M |
| Deferred interest capitalized to loans held for investment | -$1.0M | $0 |
| Straight line rental income | -$117.0K | -$447.0K |
| Depreciation and amortization | $1.1M | $1.3M |
| Share based compensation | $1.7M | $1.4M |
| Accrued interest receivable | -$232.0K | $678.0K |
| Prepaid expenses and other assets | -$799.0K | $188.0K |
| Accounts payable, accrued liabilities and other liabilities | -$220.0K | $57.0K |
| Due to related persons | -$509.0K | -$295.0K |
| Net cash provided by operating activities | $15.0M | $20.1M |
| Origination and acquisition of loans held for investment | -$208.8M | -$132.1M |
| Additional funding of loans held for investment | -$6.6M | -$12.3M |
| Repayment of loans held for investment | $142.7M | $166.0M |
| Real estate owned improvements | -$263.0K | -$329.0K |
| Net cash (used in) provided by investing activities | -$73.0M | $21.3M |
| Proceeds from secured financing facilities | $178.4M | $101.3M |
| Repayments under secured financing facilities | -$109.8M | -$137.5M |
| Payments of deferred financing costs | -$325.0K | -$1.1M |
| Proceeds from issuance of common shares, net | $61.5M | $0 |
| Repurchase of common shares | -$383.0K | -$377.0K |
| Distributions | -$18.8M | -$20.8M |
| Net cash provided by (used in) financing activities | $110.6M | -$58.5M |
| Increase (decrease) in cash and cash equivalents | $52.7M | -$17.1M |
| Interest paid | $27.8M | $30.6M |
| Income taxes refunded | -$14.0K | -$35.0K |
No quarter-by-quarter statement was filed.
Leadership
Who has led Seven Hills Realty Trust, and when. Pick a name to see everywhere that person has worked.
Chief financial officer
- PresidentThomas J. Lorenzini Jan 6, 2021 to now13
- PresidentAdam Portnoy Jun 17, 2009 to Jan 24, 201214
- Chief financial officerFernando Diaz Oct 2, 2023 to Oct 3, 202415
- Chief financial officerTiffany R. Sy Oct 3, 2022 to Sep 15, 202316
- Chief financial officerGerald Douglas Lanois Jan 6, 2021 to Sep 21, 202217
- Chief financial officerBrian E. Donley Jan 2, 2019 to Jan 2, 201918
- Chief financial officerMark Lawrence Kleifges Sep 14, 2017 to Sep 14, 201719
Board members and other officers (12)
- Board memberMark A. Talley Jun 10, 2026 to now20
- Board memberAnn Marie Danner Dec 12, 2024 to now21
- Board memberPhyllis M. Hollis Mar 25, 2022 to May 23, 202322
- Board memberMatthew P. Jordan Jan 6, 2021 to now23
- Board memberWilliam A. Lamkin Oct 4, 2021 to now24
- Board memberBarbara D. Gilmore May 22, 2020 to now25
- Board memberJoseph Morea Jun 30, 2016 to now26
- Board memberAdam Portnoy Jun 17, 2009 to now14
- Board memberArthur G. Koumantzelis Jun 17, 2009 to Jan 24, 201227
- Board memberBarry M. Portnoy Jun 17, 2009 to Jun 17, 200928
- Board memberJeffrey P. Somers Jun 17, 2009 to now29
- Board memberJohn L. Harrington Jun 17, 2009 to May 28, 202130
Former names
Timeline
- Apr 13, 2017Founded Seven Hills Realty Trust is founded2
Filings
233 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 50 major events, 119 insider forms, 17 large holders, 27 other. The latest 20:
- Oct 5, 20268-K EDGAR
- Sep 18, 20264 OWNERSHIP DOCUMENT EDGAR
- Sep 18, 20264 OWNERSHIP DOCUMENT EDGAR
- Sep 18, 20264 OWNERSHIP DOCUMENT EDGAR
- Sep 18, 20264 OWNERSHIP DOCUMENT EDGAR
- Sep 14, 20264 OWNERSHIP DOCUMENT EDGAR
- Sep 14, 20264 OWNERSHIP DOCUMENT EDGAR
- Sep 14, 20264 OWNERSHIP DOCUMENT EDGAR
- Sep 14, 20264 OWNERSHIP DOCUMENT EDGAR
- Jul 31, 2026SCHEDULE 13G/A EDGAR
- Jul 30, 2026SCHEDULE 13G/A EDGAR
- Jul 28, 202610-Q EDGAR
- Jul 28, 20268-K EDGAR
- Jun 10, 20264 OWNERSHIP DOCUMENT EDGAR
- Jun 10, 20264 OWNERSHIP DOCUMENT EDGAR
- Jun 10, 20264 OWNERSHIP DOCUMENT EDGAR
- Jun 10, 20264 OWNERSHIP DOCUMENT EDGAR
- Jun 10, 20264 OWNERSHIP DOCUMENT EDGAR
- Jun 10, 20264 OWNERSHIP DOCUMENT EDGAR
- Jun 10, 20264 OWNERSHIP DOCUMENT EDGAR
The 233 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
10 open-market trades by officers, directors and large owners since October 2021: 10 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Dec 11, 2025 | RMR GROUP INC.10% owner | Buy | 2,015,748 | $8.65 | $17.4M | Form 4 |
| Dec 11, 2025 | PORTNOY ADAM D.Director | Buy | 2,015,748 | $8.65 | $17.4M | Form 4 |
| May 30, 2025 | Morea JosephDirector | Buy | 3,800 | $11.88 | $45.1K | Form 4 |
| Aug 25, 2023 | GILMORE BARBARA D.Director | Buy | 4,000 | $10.87 | $43.5K | Form 4 |
| Apr 27, 2023 | Sy Tiffany RCFO and Treasurer | Buy | 1,000 | $9.86 | $9.9K | Form 4 |
| Nov 29, 2022 | Sy Tiffany RCFO and Treasurer | Buy | 1,000 | $9.53 | $9.5K | Form 4 |
| Nov 29, 2022 | Lorenzini Thomas J.President and CIO | Buy | 1,000 | $9.57 | $9.6K | Form 4 |
| May 11, 2022 | PORTNOY ADAM D.Director | Buy | 882,407 | $9,469,109.52 | $8.4T | Form 4 |
| Nov 16, 2021 | Jordan Matthew P.Director | Buy | 5,000 | $10.56 | $52.8K | Form 4 |
| Nov 12, 2021 | Lorenzini Thomas J.President and CIO | Buy | 1,000 | $10.50 | $10.5K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G/A, 2 filings Apr 30, 2026 to Jul 31, 202631
- BlackRockSCHEDULE 13G/A, 5 filings Oct 22, 2024 to Jul 30, 202632
- Morgan StanleySCHEDULE 13G/A, 2 filings Nov 8, 2024 to May 12, 202633
- VANGUARD GROUP INCSCHEDULE 13G/A, 3 filings Nov 4, 2024 to Mar 27, 202634
- Tremont Realty Capital LLCSCHEDULE 13D/A, 3 filings May 12, 2022 to Dec 8, 202535
- Diane PortnoySC 13G/A, 1 filing May 12, 202236
- The RMR GroupSC 13D, 1 filing Oct 5, 202137
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 92. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 2,050,312 | $17.3M | 0.0% | +434,823 |
| Morgan Stanley | 889,511 | $7.5M | 0.0% | −4,030 |
| Vanguard Capital Management LLC | 875,101 | $7.4M | 0.0% | −128,240 |
| Geode Capital Management, LLC | 600,686 | $5.1M | 0.0% | −26,406 |
| State Street Corp | 366,873 | $3.1M | 0.0% | +11,126 |
| Independent Advisor Alliance | 336,118 | $2.8M | 0.1% | −40,716 |
| Riverbridge Partners LLC | 243,649 | $2.1M | 0.1% | +2,068 |
| Northern Trust Corp | 189,205 | $1.6M | 0.0% | +10,728 |
| Goldman Sachs Group Inc | 180,657 | $1.5M | 0.0% | +8,733 |
| Hotchkis & Wiley Capital Management LLC | 163,500 | $1.4M | 0.0% | +1,300 |
| Vanguard Fiduciary Trust Co | 150,236 | $1.3M | 0.0% | +7,668 |
| Vanguard Portfolio Management LLC | 149,032 | $1.3M | 0.0% | +21,213 |
| UBS Group AG | 90,982 | $767.0K | 0.0% | +34,626 |
| Renaissance Technologies LLC | 87,034 | $733.7K | 0.0% | −10,200 |
| Lido Advisors, LLC | 86,106 | $725.9K | 0.0% | −36,932 |
| Flat Footed LLC | 83,043 | $700.1K | 0.1% | −350,149 |
| Aqr Capital Management LLC | 77,199 | $650.8K | 0.0% | +61,218 |
| Qube Research & Technologies Ltd | 70,028 | $590.3K | 0.0% | +46,309 |
| Charles Schwab Investment Management Inc | 69,920 | $589.4K | 0.0% | +4,783 |
| Cerity Partners LLC | 60,139 | $507.0K | 0.0% | +2,878 |
| Bank of New York Mellon Corp | 55,681 | $469.4K | 0.0% | +5,298 |
| Nuveen, LLC | 44,026 | $371.1K | 0.0% | +7,746 |
| Odyssean, LLC | 41,973 | $353.8K | 0.1% | +31,189 |
| Fmr LLC | 39,765 | $335.2K | 0.0% | +38,508 |
| Abel Hall, LLC | 37,849 | $319.1K | 0.1% | New |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13SEC EDGARThomas J. Lorenzini, President
- 14SEC EDGARAdam Portnoy, President
- 15
- 16
- 17
- 18
- 19
- 20SEC EDGARMark A. Talley, Board member
- 21SEC EDGARAnn Marie Danner, Board member
- 22SEC EDGARPhyllis M. Hollis, Board member
- 23SEC EDGARMatthew P. Jordan, Board member
- 24SEC EDGARWilliam A. Lamkin, Board member
- 25SEC EDGARBarbara D. Gilmore, Board member
- 26SEC EDGARJoseph Morea, Board member
- 27SEC EDGARArthur G. Koumantzelis, Board member
- 28SEC EDGARBarry M. Portnoy, Board member
- 29SEC EDGARJeffrey P. Somers, Board member
- 30SEC EDGARJohn L. Harrington, Board member
- 31
- 32
- 33
- 34
- 35
- 36
- 37