$SEVN
Seven Hills Realty Trust

2021 Q2 Form 10-Q Financial Statement

#000145247721000040 Filed on August 03, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $2.863M
YoY Change
Cost Of Revenue $913.0K
YoY Change
Gross Profit $2.142M
YoY Change
Gross Profit Margin 74.82%
Selling, General & Admin $714.0K
YoY Change
% of Gross Profit 33.33%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $989.0K
YoY Change
Operating Profit $1.153M
YoY Change
Interest Expense $192.0K $297.0K
YoY Change -35.35%
% of Operating Profit 16.65%
Other Income/Expense, Net $51.00K
YoY Change
Pretax Income $1.153M
YoY Change
Income Tax -$7.000K
% Of Pretax Income -0.61%
Net Earnings $1.160M
YoY Change
Net Earnings / Revenue 40.52%
Basic Earnings Per Share $0.11
Diluted Earnings Per Share $0.11
COMMON SHARES
Basic Shares Outstanding 10.21M shares
Diluted Shares Outstanding 10.21M shares

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $30.40M
YoY Change
Cash & Equivalents $30.40M $7.000K
Short-Term Investments
Other Short-Term Assets $2.505M
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $32.91M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $210.7M
YoY Change
Other Assets $205.0K
YoY Change
Total Long-Term Assets $211.6M
YoY Change
TOTAL ASSETS
Total Short-Term Assets $32.91M
Total Long-Term Assets $211.6M
Total Assets $244.5M
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.638M
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.644M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $48.78M
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $48.78M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $2.644M
Total Long-Term Liabilities $48.78M
Total Liabilities $51.42M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings $1.510M
YoY Change
Common Stock $193.1M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $193.1M
YoY Change
Total Liabilities & Shareholders Equity $244.5M
YoY Change

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $1.160M
YoY Change
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$708.0K
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$63.03M
YoY Change
Cash From Investing Activities -$63.03M
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 47.29M
YoY Change
NET CHANGE
Cash From Operating Activities -708.0K
Cash From Investing Activities -63.03M
Cash From Financing Activities 47.29M
Net Change In Cash -16.45M
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$708.0K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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dei Document Fiscal Period Focus
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dei Document Type
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dei Document Quarterly Report
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true
dei Document Period End Date
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2021-06-30
dei Document Transition Report
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dei Entity File Number
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dei Entity Registrant Name
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RMR Mortgage Trust
dei Entity Incorporation State Country Code
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MD
dei Entity Tax Identification Number
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dei Entity Address Address Line1
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Two Newton Place
dei Entity Address Address Line2
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255 Washington Street
dei Entity Address Address Line3
EntityAddressAddressLine3
Suite 300
dei Entity Address City Or Town
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Newton
dei Entity Address State Or Province
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MA
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dei City Area Code
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dei Local Phone Number
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dei Security12b Title
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940000 USD
CY2020Q4 rmrm Other Assets Excluding Investment Owned
OtherAssetsExcludingInvestmentOwned
101015000 USD
CY2020Q4 us-gaap Investment Owned Percent Of Net Assets
InvestmentOwnedPercentOfNetAssets
1.000
CY2020Q4 us-gaap Assets Net
AssetsNet
192894000 USD
us-gaap Use Of Estimates
UseOfEstimates
The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect reported amounts. Actual results could differ from those estimates. Significant estimates in the accompanying condensed consolidated financial statements include the fair value of financial instruments.
us-gaap Subsidiary Or Equity Method Investee Cumulative Percentage Ownership After All Transactions
SubsidiaryOrEquityMethodInvesteeCumulativePercentageOwnershipAfterAllTransactions
1
CY2021Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
397000 USD
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
srt Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
9 loan
CY2021Q2 rmrm Loans Held For Investment Commitments
LoansHeldForInvestmentCommitments
250710000 USD
CY2020 srt Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
5 loan
CY2020Q4 rmrm Loans Held For Investment Commitments
LoansHeldForInvestmentCommitments
111720000 USD
CY2021Q2 rmrm Financing Receivable Unfunded Loan Commitments
FinancingReceivableUnfundedLoanCommitments
38291000 USD
CY2020Q4 rmrm Financing Receivable Unfunded Loan Commitments
FinancingReceivableUnfundedLoanCommitments
18857000 USD
CY2021Q2 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
212515000 USD
CY2020Q4 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
92863000 USD
CY2021Q2 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
1773000 USD
CY2020Q4 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
984000 USD
CY2021Q2 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
210742000 USD
CY2020Q4 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
91879000 USD
CY2021Q2 rmrm Loans Receivable Weighted Average Coupon Rate Percentage
LoansReceivableWeightedAverageCouponRatePercentage
0.0498
CY2020Q4 rmrm Loans Receivable Weighted Average Coupon Rate Percentage
LoansReceivableWeightedAverageCouponRatePercentage
0.0508
CY2021Q2 rmrm Loans Receivable Average All In Yield Percentage
LoansReceivableAverageAllInYieldPercentage
0.0562
CY2020Q4 rmrm Loans Receivable Average All In Yield Percentage
LoansReceivableAverageAllInYieldPercentage
0.0571
CY2021Q2 rmrm Loans Receivable Weighted Average Libor Floor Percentage
LoansReceivableWeightedAverageLIBORFloorPercentage
0.0076
CY2020Q4 rmrm Loans Receivable Weighted Average Libor Floor Percentage
LoansReceivableWeightedAverageLIBORFloorPercentage
0.0078
CY2020Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
91879000 USD
CY2020Q4 rmrm Mortgage Loans On Real Estate Percentage Of Value Of Portfolio
MortgageLoansOnRealEstatePercentageOfValueOfPortfolio
1
rmrm Loans Receivable Weighted Average Term Of Maturity
LoansReceivableWeightedAverageTermOfMaturity
P4Y2M12D
CY2020 rmrm Loans Receivable Weighted Average Term Of Maturity
LoansReceivableWeightedAverageTermOfMaturity
P4Y2M12D
CY2021Q2 rmrm Mortgage Loans On Real Estate Weighted Average Risk Rating Of Portfolio
MortgageLoansOnRealEstateWeightedAverageRiskRatingOfPortfolio
2.9
CY2020Q4 rmrm Mortgage Loans On Real Estate Weighted Average Risk Rating Of Portfolio
MortgageLoansOnRealEstateWeightedAverageRiskRatingOfPortfolio
3.0
CY2021Q2 rmrm Loan Receivable Loan To Value Ratio Percentage
LoanReceivableLoanToValueRatioPercentage
0.68
CY2020Q4 rmrm Loan Receivable Loan To Value Ratio Percentage
LoanReceivableLoanToValueRatioPercentage
0.68
CY2021Q2 rmrm Financing Receivable Capitalized Interest
FinancingReceivableCapitalizedInterest
96000 USD
CY2020Q4 rmrm Financing Receivable Capitalized Interest
FinancingReceivableCapitalizedInterest
96000 USD
CY2021Q1 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
148652000 USD
CY2021Q1 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
1405000 USD
CY2021Q1 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
147247000 USD
CY2021Q2 us-gaap Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
693000 USD
CY2021Q2 us-gaap Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
693000 USD
CY2021Q2 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
63170000 USD
CY2021Q2 us-gaap Mortgage Loans On Real Estate Other Deductions
MortgageLoansOnRealEstateOtherDeductions
755000 USD
CY2021Q2 us-gaap Mortgage Loans On Real Estate Period Increase Decrease
MortgageLoansOnRealEstatePeriodIncreaseDecrease
62415000 USD
CY2021Q2 rmrm Amortization Of Deferred Loan Origination Fees Excluding Repayments Net
AmortizationOfDeferredLoanOriginationFeesExcludingRepaymentsNet
387000 USD
CY2021Q2 rmrm Amortization Of Deferred Loan Origination Fees Excluding Repayments Net
AmortizationOfDeferredLoanOriginationFeesExcludingRepaymentsNet
387000 USD
CY2021Q2 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
212515000 USD
CY2021Q2 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
1773000 USD
CY2020Q4 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
92863000 USD
CY2021Q2 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
210742000 USD
CY2020Q4 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
984000 USD
CY2020Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
91879000 USD
us-gaap Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
967000 USD
us-gaap Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
967000 USD
us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
118685000 USD
us-gaap Mortgage Loans On Real Estate Other Deductions
MortgageLoansOnRealEstateOtherDeductions
1430000 USD
us-gaap Mortgage Loans On Real Estate Period Increase Decrease
MortgageLoansOnRealEstatePeriodIncreaseDecrease
117255000 USD
rmrm Amortization Of Deferred Loan Origination Fees Excluding Repayments Net
AmortizationOfDeferredLoanOriginationFeesExcludingRepaymentsNet
641000 USD
rmrm Amortization Of Deferred Loan Origination Fees Excluding Repayments Net
AmortizationOfDeferredLoanOriginationFeesExcludingRepaymentsNet
641000 USD
CY2021Q2 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
212515000 USD
CY2021Q2 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
1773000 USD
CY2021Q2 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
210742000 USD
srt Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
9 loan
CY2021Q2 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
210742000 USD
CY2021Q2 rmrm Mortgage Loans On Real Estate Percentage Of Value Of Portfolio
MortgageLoansOnRealEstatePercentageOfValueOfPortfolio
1
CY2020 srt Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
5 loan
srt Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
9 loan
CY2021Q2 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
210742000 USD
CY2021Q2 rmrm Mortgage Loans On Real Estate Percentage Of Value Of Portfolio
MortgageLoansOnRealEstatePercentageOfValueOfPortfolio
1
CY2020 srt Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
5 loan
CY2020Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
91879000 USD
CY2020Q4 rmrm Mortgage Loans On Real Estate Percentage Of Value Of Portfolio
MortgageLoansOnRealEstatePercentageOfValueOfPortfolio
1
srt Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
9 loan
CY2021Q2 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
210742000 USD
CY2020 srt Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
5 loan
CY2020Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
91879000 USD
CY2021Q2 rmrm Mortgage Loans On Real Estate Weighted Average Risk Rating Of Portfolio
MortgageLoansOnRealEstateWeightedAverageRiskRatingOfPortfolio
2.9
CY2020Q4 rmrm Mortgage Loans On Real Estate Weighted Average Risk Rating Of Portfolio
MortgageLoansOnRealEstateWeightedAverageRiskRatingOfPortfolio
3.0
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
193055000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
49172000 USD
CY2020Q2 us-gaap Interest Expense
InterestExpense
297000 USD
us-gaap Interest Expense
InterestExpense
851000 USD
CY2021Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.15
CY2021Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1530000 USD
CY2021Q2 dei Entity Number Of Employees
EntityNumberOfEmployees
0 employee
CY2020Q2 us-gaap Administrative Fees Expense
AdministrativeFeesExpense
24000 USD
us-gaap Administrative Fees Expense
AdministrativeFeesExpense
48000 USD
CY2021Q1 us-gaap Administrative Fees Expense
AdministrativeFeesExpense
15000 USD
CY2021Q1 rmrm Investment Advisory Agreement Annual Fee Rate Percent Of Average Daily Managed Assets
InvestmentAdvisoryAgreementAnnualFeeRatePercentOfAverageDailyManagedAssets
0.0085
CY2020Q2 us-gaap Investment Company General Partner Advisory Service
InvestmentCompanyGeneralPartnerAdvisoryService
547000 USD
us-gaap Investment Company General Partner Advisory Service
InvestmentCompanyGeneralPartnerAdvisoryService
1252000 USD
CY2021Q1 us-gaap Investment Company General Partner Advisory Service
InvestmentCompanyGeneralPartnerAdvisoryService
22000 USD
CY2020Q2 rmrm Compliance And Internal Audit Cost
ComplianceAndInternalAuditCost
34000 USD
rmrm Compliance And Internal Audit Cost
ComplianceAndInternalAuditCost
68000 USD
CY2021Q2 rmrm Financing Receivable Unfunded Loan Commitments
FinancingReceivableUnfundedLoanCommitments
38291000 USD

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