Seven Hills Realty Trust announced its financial results for the fourth quarter and full year ended December 31, 2024. The company reported a reduction in its office loan exposure to 26% by year-end 2024, down from 30% in the third quarter.
The weighted average risk rating for the loan portfolio stood at 3.10 as of December 31, 2024. During the fourth quarter, SEVN originated $87 million in new loans, including a student housing refinance and a hotel acquisition loan, demonstrating continued investment activity.
The purchase discount accretion, a non-recurring benefit from the Tremont Mortgage Trust merger, fully accreted during 2024. This marks a shift in the company's financial reporting as this benefit will no longer contribute to interest income in future periods.
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