Seven Hills Realty Trust (NASDAQ: SEVN) is the small, quiet one in the RMR stable: a middle-market CRE bridge lender writing floating-rate first mortgages on transitional properties, running lower leverage than most mortgage REIT peers with a dividend the loan book has covered.
| Seven Hills Realty Trust (SEVN) Snapshot | |
|---|---|
| Share Price (delayed) | $8.48 +0.24% |
| Market Cap | $191M |
| Annualized Dividend | $1.12 (Quarterly) |
| Dividend Yield | 13.24% |
| Sector | Mortgage |
Market data updates automatically several times daily. Last price refresh: Jul 14, 2026.
Business Model
SEVN originates $15-75 million bridge loans on multifamily, industrial, and select other assets mid-repositioning, floating-rate paper that benefited from the rate cycle, financed with moderate repo leverage. The book has stayed comparatively clean through the CRE credit cycle that wounded larger transitional lenders.
The Honest Risk Section
External management by RMR applies our standard structural discount (fees on equity, related-party ecosystem), middle-market borrowers are the first squeezed when credit tightens, office exposure within the book requires watching, and micro-cap scale limits diversification per loan. Solid execution inside a discounted wrapper.
Frequently Asked Questions
What does Seven Hills lend against?
Middle-market transitional CRE, multifamily and industrial repositioning above all, via floating-rate first-mortgage bridge loans of roughly $15-75 million.
Is SEVN’s dividend covered?
Distributable earnings have covered the payout through the recent cycle; RMR external management and micro-cap scale are the structural discounts.
Analysis reflects disclosures through Q1 2026. Live market data updates automatically. Independent research, not investment advice.
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