Seven Hills Realty Reports Q3 2026 Results with Increased Loan Originations and Reduced Office Exposure
Seven Hills Realty (SEVN) reported third-quarter distributable earnings of $0.17 per share, which included a $1.5 million realized loss from the repayment of a Dallas office loan. Excluding this one-time event, adjusted distributable earnings stood at $0.24 per share. The company saw its highest quarterly loan origination volume since late 2021, totaling $122 million across multifamily and retail sectors. Management is actively reducing office portfolio exposure, which dropped from 19% to 13% this quarter, with a target of high single digits in the coming months. Despite a slight increase in weighted average risk rating to 3.2, all borrowers remained current on payments. The company maintains a strong liquidity position with $51.5 million in cash and significant unused financing capacity, supporting a long-term portfolio growth target of up to $1.1 billion for 2027.
Tickers: $SEVN
Topics: distributable earnings loan originations multifamily investment office portfolio exposure portfolio yield
Read the full article at Motley Fool
Part of the story Seven Hills Realty Trust Reduces Office Exposure and Targets Dividend Coverage by 2027 (6 articles)