Seven Hills Realty Trust (SEVN)
Originates and invests in first mortgage loans for transitional commercial real estate.
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Originates and invests in floating-rate first mortgage loans secured by transitional commercial real estate. The REIT runs through one reportable segment, has no employees, and relies on Tremont/RMR for sourcing, underwriting, and shared services.
Originates and invests in floating-rate first mortgage loans secured by middle market transitional commercial real estate. Borrowers use the loans for properties undergoing redevelopment or repositioning, and the collateral spans office, hotel, student housing, industrial, multifamily, self-storage, mixed-use, medical-office, and retail properties.
Operates as a Maryland REIT with a single reportable segment and a portfolio concentrated in U.S. commercial real estate. The current public identity began with the 2021 merger of RMR Mortgage Trust and Tremont Mortgage Trust, followed by Nasdaq trading under SEVN.
Runs through an external-management model rather than an employee base. Tremont Realty Capital manages the company within The RMR Group platform, so loan sourcing, underwriting, shared services, funding conditions, CRE collateral performance, REIT rules, and manager-conflict controls shape the business.
Company facts
Categories
Target rangeAs of Sep 2, 2026
Latest analyst notes
| Date | Firm | Action | Target |
|---|---|---|---|
| Jun 2, 2026 | UBS | Target | $10 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $70.0M · Total debt $470.3M · Total assets $795.1M · Shareholders' equity $320.7M
- Revenue
- $15.3M
- Operating income
- $6.3M
- Net income
- −$867.0K
Last raised to $0.28 from $0.2763 in Jan 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 20, 2026 | Jul 20 | Aug 13 | $0.28 | |
| Apr 21, 2026 | Apr 21 | May 14 | $0.28 | |
| Jan 26, 2026 | Jan 26 | Feb 19 | $0.28 | raised from $0.2763 |
| Oct 27, 2025 | Oct 27 | Nov 13 | $0.2763 | cut from $0.28 |
| Jul 21, 2025 | Jul 21 | Aug 14 | $0.28 | cut from $0.35 |
| Apr 22, 2025 | Apr 22 | May 15 | $0.35 | |
| Jan 27, 2025 | Jan 27 | Feb 20 | $0.35 | |
| Oct 28, 2024 | Oct 28 | Nov 14 | $0.35 |
| Institutions93 holders · as of Mar 31, 2026 | 33.48% | 7.58M shares | |
| Insiders11 holders · as of Jun 10, 2026 | 33.14% | 7.51M shares | |
| Otherremainder | 33.38% | 7.56M shares |
22.66M company shares as of Sep 3, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing
Two share counts disagree (22.66M in the company's Sep 3, 2026 report, 19.06M elsewhere); stakes use the report.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Adam D. Portnoy1Insiderdirector, 10 percent owner | 31.39% | 5.09M | 13Dfiled Jun 10, 2026 ↗ |
BlackRock, Inc.Institution | 7.13% | 1.62M | 13Fas of Mar 31, 2026 |
Vanguard Capital Management LLCInstitution | 4.43% | 1.00M | 13Fas of Mar 31, 2026 |
Morgan StanleyInstitution | 3.94% | 893,541 | 13Fas of Mar 31, 2026 |
Geode Capital Management, LLCInstitution | 2.77% | 627,092 | 13Fas of Mar 31, 2026 |
| See all 25 → | |||
- Adam D. Portnoy's transaction reports restate only vehicles that traded; the 2025 ownership statement (5.09M) plus the 2.03M net shares acquired since is used instead.
13F — a manager's quarterly holdings · 13D/13G — an ownership statement filed at 5% or more
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Dec 11, 2025 | Adam D. Portnoy | director, 10 percent owner: | +2,015,748 | $8.65 |
| Dec 11, 2025 | Tremont Realty Capital LLC | 10 percent owner | +2,015,748 | $8.65 |
| Dec 1, 2025 | Jeffrey P. Somers | director | −1,441 | $8.65 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Seven Hills Realty Trust | $7.42 | −0.80% | $141.5M | 11.1 | 7.0 | 2.4 | +9.9% |
| Blackstone Mortgage Trust | $14.03 | +0.07% | $2.36B | 175.3 | 11.2 | 1.6 | +18.1% |
| Starwood Property Trust | $15.86 | +0.27% | $5.87B | 23.2 | 9.4 | 2.9 | +7.9% |
| KKR Real Estate Finance Trust | $7.59 | −0.13% | $488.0M | — | — | 1.2 | −82.3% |
| Ladder Capital | $9.81 | 0.00% | $1.24B | 23.4 | 9.0 | 3.3 | −40.9% |
| BrightSpire Capital | $4.62 | −1.49% | $593.4M | — | 7.7 | 1.8 | −0.9% |
| Franklin BSP Realty Trust | $8.49 | −0.12% | $706.7M | 19.3 | 8.0 | 1.3 | −45.4% |
| Ares Commercial Real Estate | $4.55 | 0.00% | $252.4M | — | 49.3 | 2.6 | — |
| Ready Capital | $1.75 | 0.00% | $289.1M | — | — | 0.7 | −107.6% |
| Median | 23.3 | 9.2 | 1.7 | −40.9% |