Outperformance of Benchmark Index
Seven Hills Realty Trust outperformed the REIT Mortgage Commercial Financing Index by more than 20% for the second consecutive year, highlighting the quality of borrowers and asset management.
Increased Loan Commitments
Total loan commitments increased to $641 million from $594 million at the end of Q3, with an average loan commitment also increasing from $30 million to $31 million.
Strong Portfolio Performance
The loan portfolio has a weighted average risk rating of 3.1, with no five-rated loans, no loans in default, and no non-accrual loans.
Ample Liquidity and Supportive Lending Partners
The company ended the quarter with $70 million in cash and extended repurchase agreements with UBS and Wells Fargo, increasing borrowing capacity.
Robust Pipeline and Market Opportunities
An increase in loan request activity with over $1.2 billion of monthly loan registrations and a significant amount of upcoming loan maturities offer growth opportunities.
Dividend and Earnings
Declared a quarterly dividend of $0.35 per share, with a yield of approximately 10.6%, supported by full-year distributable earnings of $1.45 per share.