Seven Hills Realty Trust (Nasdaq: SEVN) has announced a quarterly dividend of $0.35 per common share, equating to $1.40 per share per year. The dividend will be paid to SEVN’s common shareholders of record as of January 22, 2024, with distribution taking place on or around February 15, 2024.
As a real estate investment trust (REIT), Seven Hills Realty Trust specializes in originating and investing in first mortgage loans secured by middle market and transitional commercial real estate. Managed by Tremont Realty Capital, an affiliate of The RMR Group, SEVN operates with the support of a leading U.S. alternative asset management company with over 35 years of experience in commercial real estate.
While this distribution announcement indicates a quarterly cash distribution of $0.35 per share or $1.40 per share per year, the Board of Trustees considers various factors when establishing SEVN’s distribution rate. These factors include historical and projected income, Distributable Earnings, Distributable Earnings per share, Adjusted Distributable Earnings, Adjusted Distributable Earnings per share, cash availability, tax obligations, and other relevant considerations. Future distributions may fluctuate or be suspended altogether based on these factors.
SEVN urges caution when interpreting forward-looking statements, as they cannot guarantee future distribution rates. The company is not liable for any act or obligation of the Trust, and any future distributions may vary from the current rate.
Seven Hills Realty Trust operates as a Maryland Real Estate Investment Trust, with transferable shares of beneficial interest listed on the Nasdaq. As a responsible news agency, it’s important to disclose that SEVN’s forward-looking statements are subject to potential factors beyond the company’s control. SEVN does not intend to update or modify these statements unless required by law.
SEVN’s announcement of its regular cash distribution on common shares provides valuable information for investors and industry professionals in the real estate and finance sectors. As the distribution is a key aspect of SEVN’s financial management, shareholders and potential investors will be keen to stay updated on the company’s distribution practices.
For more information about Seven Hills Realty Trust and its operations, visit www.sevnreit.com.
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