What factors drove the changes in Seven Hills Realty's revenue and profit?

What is the market's earnings forecast for Seven Hills Realty next quarter?

What guidance did Seven Hills Realty's management provide for the next earnings period?

What does Seven Hills Realty do and what are its main business segments?

What is Seven Hills Realty's gross profit margin?

What were the key takeaways from Seven Hills Realty’s earnings call?

What is Seven Hills Realty's latest dividend and current dividend yield?

What is the revenue and EPS growth rate for Seven Hills Realty year over year?

- **Q3 Earnings Beat Expectations**: $0.29 distributable EPS, meeting high-end guidance. 
- **Strong Portfolio Growth**: $642M portfolio with 8.2% yield, 67% LTV. 
- **Dividend Yield**: 11% annualized on $0.28 quarterly dividend. 
- **2026 Outlook**: $100M+ net portfolio growth, with repayments front-loaded in Q3/Q4. 
- **Competitive Position**: Winning deals via execution track record, selective origination strategy.

**【Management Opening Remarks】**
- Seven Hills Realty Trust reported third-quarter 2025 distributable earnings of $4.2 million ($0.29 per share), meeting the high end of guidance. The Board declared a $0.28 quarterly dividend, yielding 11% annually.

**【CEO (Tom Lorenzini) Commentary】**
- Q3 performance highlighted a $34.5M Manhattan mixed-use loan and a $37.3M student housing loan under application. The portfolio totals $642M with an 8.2% weighted average yield and 67% LTV. Near-term repayments of $53.8M are expected, with $15.3M potentially closing by year-end.

**【CFO (Matt Brown) Commentary】**
- Distributable earnings of $0.29-$0.31 per share are projected for Q4, driven by loan originations and SOFR trends. The CECL reserve remains at 1.5% of loan commitments, unchanged from Q2. The portfolio's all-in yield is SOFR + 397bps, with a borrowing rate of SOFR + 215bps.

**【Q&A Highlights】**
- **Repayment Outlook**: Only $15.3M in potential year-end repayments; bulk of 2026 repayments (~$100M) expected in Q3/Q4. 
- **Competitive Edge**: Wins loans via reputation for execution, higher-yielding deals,80% sourced through brokers, 20% direct. 
- **Market Dynamics**: Multifamily debt demand driven by 2021-22 loan maturities; equity capital also rising. Large banks are active, while smaller regional banks are cautious.


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