Seven Hills Realty Trust (SEVN) Proxy Filing summary

Executive summary

• Focused on disciplined portfolio management, closing eight new first mortgage loans totaling $230 million and receiving $142 million in repayments in 2025.

• Net income for 2025 was $15.4 million ($1.00 per share) and distributable earnings were $18.3 million ($1.22 per share).

• Portfolio consists of 24 floating-rate first mortgage loans with $724 million in commitments, diversified by geography and property type.

• Completed a fully backstopped equity rights offering, raising $65 million and increasing shareholder equity to $329 million.

• Maintained conservative leverage below 2.0x and ended 2025 with $123 million in cash and $250 million in unused financing capacity.

Voting matters and shareholder proposals

• Shareholders will vote to elect three trustee nominees (two Independent Trustees and one Managing Trustee) to serve until 2029.

• Ratification of Deloitte & Touche LLP as independent auditors for the 2026 fiscal year is on the agenda.

• Shareholder proposals for the 2027 meeting must be submitted by November 18, 2026, for inclusion in proxy materials.

Board of directors and corporate governance

• Board consists of seven members: five Independent Trustees and two Managing Trustees.

• Board regularly evaluates composition and uses Korn Ferry for trustee candidate searches.

• Lead Independent Trustee has robust responsibilities, including presiding over meetings and acting as liaison with management.

• All board committees (Audit, Compensation, Nominating and Governance) are composed entirely of Independent Trustees.

• Trustees are expected to retain at least 30,000 shares, aligning interests with shareholders.