2022 Q1 Form 10-Q Financial Statement
#000145247722000022 Filed on April 27, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $13.78M | $2.001M |
| YoY Change | 588.51% | |
| Cost Of Revenue | $2.800M | $715.0K |
| YoY Change | 291.61% | |
| Gross Profit | $12.71M | $1.286M |
| YoY Change | 888.65% | |
| Gross Profit Margin | 92.28% | 64.27% |
| Selling, General & Admin | $946.0K | $592.0K |
| YoY Change | 59.8% | |
| % of Gross Profit | 7.44% | 46.03% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | ||
| YoY Change | ||
| % of Gross Profit | ||
| Operating Expenses | $1.506M | $918.0K |
| YoY Change | 64.05% | |
| Operating Profit | $11.21M | $368.0K |
| YoY Change | 2945.65% | |
| Interest Expense | $1.737M | $0.00 |
| YoY Change | -100.0% | |
| % of Operating Profit | 15.5% | 0.0% |
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | $11.17M | $368.0K |
| YoY Change | 2935.6% | |
| Income Tax | $45.00K | $18.00K |
| % Of Pretax Income | 0.4% | 4.89% |
| Net Earnings | $11.13M | $350.0K |
| YoY Change | 3078.86% | |
| Net Earnings / Revenue | 80.76% | 17.49% |
| Basic Earnings Per Share | $0.76 | $0.03 |
| Diluted Earnings Per Share | $0.76 | $0.03 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 14.51M shares | 10.20M shares |
| Diluted Shares Outstanding | 14.52M shares | 10.20M shares |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $8.953M | $46.84M |
| YoY Change | -80.89% | |
| Cash & Equivalents | $8.953M | $46.84M |
| Short-Term Investments | ||
| Other Short-Term Assets | $3.353M | $305.0K |
| YoY Change | 999.34% | |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | $12.31M | $47.14M |
| YoY Change | -73.9% | |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | ||
| YoY Change | ||
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $622.7M | $147.2M |
| YoY Change | 322.9% | |
| Other Assets | $9.000K | $220.0K |
| YoY Change | -95.91% | |
| Total Long-Term Assets | $622.7M | $147.9M |
| YoY Change | 320.98% | |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $12.31M | $47.14M |
| Total Long-Term Assets | $622.7M | $147.9M |
| Total Assets | $635.0M | $195.1M |
| YoY Change | 225.54% | |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $967.0K | $1.121M |
| YoY Change | -13.74% | |
| Accrued Expenses | ||
| YoY Change | ||
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $2.093M | $1.823M |
| YoY Change | 14.81% | |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $367.7M | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | ||
| YoY Change | ||
| Total Long-Term Liabilities | $367.7M | $0.00 |
| YoY Change | ||
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $2.093M | $1.823M |
| Total Long-Term Liabilities | $367.7M | $0.00 |
| Total Liabilities | $369.8M | $1.823M |
| YoY Change | 20183.71% | |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $35.78M | $350.0K |
| YoY Change | 10121.71% | |
| Common Stock | $237.7M | $192.9M |
| YoY Change | 23.24% | |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $265.3M | $193.2M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $635.0M | $195.1M |
| YoY Change | 225.54% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $11.13M | $350.0K |
| YoY Change | 3078.86% | |
| Depreciation, Depletion And Amortization | ||
| YoY Change | ||
| Cash From Operating Activities | $3.085M | -$1.385M |
| YoY Change | -322.74% | -139.12% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | ||
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$44.61M | -$55.04M |
| YoY Change | -18.95% | |
| Cash From Investing Activities | -$44.61M | -$55.04M |
| YoY Change | -18.95% | |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | $3.649M | $0.00 |
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | $24.19M | -$76.00K |
| YoY Change | -31934.21% | -97.83% |
| NET CHANGE | ||
| Cash From Operating Activities | $3.085M | -$1.385M |
| Cash From Investing Activities | -$44.61M | -$55.04M |
| Cash From Financing Activities | $24.19M | -$76.00K |
| Net Change In Cash | -$17.33M | -$56.51M |
| YoY Change | -69.32% | -131506.98% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $3.085M | -$1.385M |
| Capital Expenditures | ||
| Free Cash Flow | ||
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001452477 | |
| CY2022Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
| CY2022Q1 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
| CY2022Q1 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2022 | |
| CY2022Q1 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
| CY2022Q1 | dei |
Document Type
DocumentType
|
10-Q | |
| CY2022Q1 | dei |
Document Quarterly Report
DocumentQuarterlyReport
|
true | |
| CY2022Q1 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2022-03-31 | |
| CY2022Q1 | dei |
Document Transition Report
DocumentTransitionReport
|
false | |
| CY2022Q1 | dei |
Entity File Number
EntityFileNumber
|
001-34383 | |
| CY2022Q1 | dei |
Entity Registrant Name
EntityRegistrantName
|
Seven Hills Realty Trust | |
| CY2022Q1 | dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
MD | |
| CY2022Q1 | sevn |
Other Transaction Related Costs
OtherTransactionRelatedCosts
|
37000 | USD |
| CY2021Q1 | sevn |
Other Transaction Related Costs
OtherTransactionRelatedCosts
|
0 | USD |
| CY2022Q1 | dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
20-4649929 | |
| CY2022Q1 | dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
Two Newton Place | |
| CY2022Q1 | dei |
Entity Address Address Line2
EntityAddressAddressLine2
|
255 Washington Street | |
| CY2022Q1 | dei |
Entity Address Address Line3
EntityAddressAddressLine3
|
Suite 300 | |
| CY2022Q1 | dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
Newton | |
| CY2022Q1 | dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
MA | |
| CY2022Q1 | dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
02458-1634 | |
| CY2022Q1 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
2606000 | USD |
| CY2021Q4 | us-gaap |
Cumulative Dividends
CumulativeDividends
|
4595000 | USD |
| CY2022Q1 | dei |
City Area Code
CityAreaCode
|
617 | |
| CY2022Q1 | dei |
Local Phone Number
LocalPhoneNumber
|
332-9530 | |
| CY2022Q1 | dei |
Security12b Title
Security12bTitle
|
Common Shares of Beneficial Interest | |
| CY2022Q1 | dei |
Trading Symbol
TradingSymbol
|
SEVN | |
| CY2022Q1 | dei |
Security Exchange Name
SecurityExchangeName
|
NASDAQ | |
| CY2022Q1 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
| CY2022Q1 | dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
Yes | |
| CY2022Q1 | dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | |
| CY2022Q1 | dei |
Entity Small Business
EntitySmallBusiness
|
true | |
| CY2022Q1 | dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
false | |
| CY2022Q1 | dei |
Entity Shell Company
EntityShellCompany
|
false | |
| CY2022Q2 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
14597079 | shares |
| CY2022Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
8953000 | USD |
| CY2021Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
26197000 | USD |
| CY2022Q1 | us-gaap |
Restricted Cash
RestrictedCash
|
9000 | USD |
| CY2021Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
98000 | USD |
| CY2022Q1 | us-gaap |
Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
|
622710000 | USD |
| CY2021Q4 | us-gaap |
Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
|
570780000 | USD |
| CY2022Q1 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
3353000 | USD |
| CY2021Q4 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
2918000 | USD |
| CY2022Q1 | us-gaap |
Assets
Assets
|
635025000 | USD |
| CY2021Q4 | us-gaap |
Assets
Assets
|
599993000 | USD |
| CY2022Q1 | us-gaap |
Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
967000 | USD |
| CY2021Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
1561000 | USD |
| CY2022Q1 | us-gaap |
Secured Debt Repurchase Agreements
SecuredDebtRepurchaseAgreements
|
367679000 | USD |
| CY2021Q4 | us-gaap |
Secured Debt Repurchase Agreements
SecuredDebtRepurchaseAgreements
|
339627000 | USD |
| CY2022Q1 | us-gaap |
Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
|
1126000 | USD |
| CY2021Q4 | us-gaap |
Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
|
1111000 | USD |
| CY2022Q1 | us-gaap |
Liabilities
Liabilities
|
369772000 | USD |
| CY2021Q4 | us-gaap |
Liabilities
Liabilities
|
342299000 | USD |
| CY2022Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2021Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2021Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
| CY2022Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
| CY2022Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
25000000 | shares |
| CY2021Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
25000000 | shares |
| CY2021Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
14597079 | shares |
| CY2022Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
14597079 | shares |
| CY2022Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
14597079 | shares |
| CY2021Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
14597079 | shares |
| CY2022Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
15000 | USD |
| CY2021Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
15000 | USD |
| CY2022Q1 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
237706000 | USD |
| CY2021Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
237624000 | USD |
| CY2022Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
35776000 | USD |
| CY2021Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
24650000 | USD |
| CY2022Q1 | us-gaap |
Cumulative Dividends
CumulativeDividends
|
8244000 | USD |
| CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
265253000 | USD |
| CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
257694000 | USD |
| CY2022Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
635025000 | USD |
| CY2021Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
599993000 | USD |
| CY2022Q1 | us-gaap |
Interest Income Operating
InterestIncomeOperating
|
9579000 | USD |
| CY2021Q1 | us-gaap |
Interest Income Operating
InterestIncomeOperating
|
2001000 | USD |
| CY2022Q1 | us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
5935000 | USD |
| CY2021Q1 | us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
0 | USD |
| CY2022Q1 | us-gaap |
Interest Expense
InterestExpense
|
1737000 | USD |
| CY2021Q1 | us-gaap |
Interest Expense
InterestExpense
|
0 | USD |
| CY2022Q1 | us-gaap |
Net Investment Income
NetInvestmentIncome
|
13777000 | USD |
| CY2021Q1 | us-gaap |
Net Investment Income
NetInvestmentIncome
|
2001000 | USD |
| CY2022Q1 | sevn |
Base Management Fee
BaseManagementFee
|
1063000 | USD |
| CY2021Q1 | sevn |
Base Management Fee
BaseManagementFee
|
715000 | USD |
| CY2022Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
946000 | USD |
| CY2021Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
592000 | USD |
| CY2022Q1 | sevn |
Reimbursement Of Shared Services Expenses
ReimbursementOfSharedServicesExpenses
|
560000 | USD |
| CY2021Q1 | sevn |
Reimbursement Of Shared Services Expenses
ReimbursementOfSharedServicesExpenses
|
326000 | USD |
| CY2021Q1 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
1633000 | USD |
| CY2022Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
11171000 | USD |
| CY2021Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
368000 | USD |
| CY2022Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
45000 | USD |
| CY2021Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
18000 | USD |
| CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
11126000 | USD |
| CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
350000 | USD |
| CY2022Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
14505000 | shares |
| CY2021Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
10202000 | shares |
| CY2022Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
14519000 | shares |
| CY2021Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
10202000 | shares |
| CY2022Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.76 | |
| CY2022Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.76 | |
| CY2021Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.03 | |
| CY2021Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.03 | |
| CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
257694000 | USD |
| CY2022Q1 | us-gaap |
Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
|
82000 | USD |
| CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
11126000 | USD |
| CY2022Q1 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
3649000 | USD |
| CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
265253000 | USD |
| CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
192894000 | USD |
| CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
350000 | USD |
| CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
193244000 | USD |
| CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
11126000 | USD |
| CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
350000 | USD |
| CY2022Q1 | us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
5935000 | USD |
| CY2021Q1 | us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
0 | USD |
| CY2022Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
82000 | USD |
| CY2021Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
0 | USD |
| CY2022Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
209000 | USD |
| CY2021Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
0 | USD |
| CY2022Q1 | us-gaap |
Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
|
1298000 | USD |
| CY2021Q1 | us-gaap |
Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
|
254000 | USD |
| CY2022Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
520000 | USD |
| CY2021Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
219000 | USD |
| CY2022Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-594000 | USD |
| CY2021Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-1815000 | USD |
| CY2022Q1 | us-gaap |
Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
|
-15000 | USD |
| CY2021Q1 | us-gaap |
Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
|
-553000 | USD |
| CY2022Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
3085000 | USD |
| CY2021Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1385000 | USD |
| CY2022Q1 | sevn |
Payments For Originations Of Mortgage Loans Held For Investments
PaymentsForOriginationsOfMortgageLoansHeldForInvestments
|
90036000 | USD |
| CY2021Q1 | sevn |
Payments For Originations Of Mortgage Loans Held For Investments
PaymentsForOriginationsOfMortgageLoansHeldForInvestments
|
54840000 | USD |
| CY2022Q1 | sevn |
Payments For Additional Originations Of Mortgage Loans Held For Investments
PaymentsForAdditionalOriginationsOfMortgageLoansHeldForInvestments
|
3219000 | USD |
| CY2021Q1 | sevn |
Payments For Additional Originations Of Mortgage Loans Held For Investments
PaymentsForAdditionalOriginationsOfMortgageLoansHeldForInvestments
|
204000 | USD |
| CY2022Q1 | sevn |
Repayment Of Loan Held For Investment
RepaymentOfLoanHeldForInvestment
|
48643000 | USD |
| CY2021Q1 | sevn |
Repayment Of Loan Held For Investment
RepaymentOfLoanHeldForInvestment
|
0 | USD |
| CY2022Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-44612000 | USD |
| CY2021Q4 | srt |
Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
|
590590000 | USD |
| CY2021Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-55044000 | USD |
| CY2022Q1 | us-gaap |
Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
|
130160000 | USD |
| CY2021Q1 | us-gaap |
Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
|
0 | USD |
| CY2022Q1 | sevn |
Repayments For Securities Sold Under Agreements To Repurchase
RepaymentsForSecuritiesSoldUnderAgreementsToRepurchase
|
101597000 | USD |
| CY2021Q1 | sevn |
Repayments For Securities Sold Under Agreements To Repurchase
RepaymentsForSecuritiesSoldUnderAgreementsToRepurchase
|
0 | USD |
| CY2022Q1 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
720000 | USD |
| CY2021Q1 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
76000 | USD |
| CY2022Q1 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
3649000 | USD |
| CY2021Q1 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
0 | USD |
| CY2022Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
24194000 | USD |
| CY2021Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-76000 | USD |
| CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-17333000 | USD |
| CY2021Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-56505000 | USD |
| CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
26295000 | USD |
| CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
103564000 | USD |
| CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
8962000 | USD |
| CY2021Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
47059000 | USD |
| CY2022Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
1584000 | USD |
| CY2021Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
0 | USD |
| CY2022Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
47000 | USD |
| CY2021Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
1830000 | USD |
| CY2022Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
8953000 | USD |
| CY2021Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
46839000 | USD |
| CY2022Q1 | us-gaap |
Restricted Cash
RestrictedCash
|
9000 | USD |
| CY2021Q1 | us-gaap |
Restricted Cash
RestrictedCash
|
220000 | USD |
| CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
8962000 | USD |
| CY2021Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
47059000 | USD |
| CY2022Q1 | srt |
Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
|
27 | loan |
| CY2021 | srt |
Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
|
26 | loan |
| CY2022Q1 | sevn |
Loans Held For Investment Commitments
LoansHeldForInvestmentCommitments
|
684547000 | USD |
| CY2021Q4 | sevn |
Loans Held For Investment Commitments
LoansHeldForInvestmentCommitments
|
648266000 | USD |
| CY2022Q1 | sevn |
Financing Receivable Unfunded Loan Commitments
FinancingReceivableUnfundedLoanCommitments
|
47812000 | USD |
| CY2021Q4 | sevn |
Financing Receivable Unfunded Loan Commitments
FinancingReceivableUnfundedLoanCommitments
|
57772000 | USD |
| CY2022Q1 | srt |
Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
|
636831000 | USD |
| CY2021Q4 | srt |
Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
|
590590000 | USD |
| CY2022Q1 | us-gaap |
Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
|
622710000 | USD |
| CY2021Q4 | us-gaap |
Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
|
570780000 | USD |
| CY2022Q1 | sevn |
Loans Receivable Weighted Average Coupon Rate Percentage
LoansReceivableWeightedAverageCouponRatePercentage
|
0.0457 | |
| CY2021Q4 | sevn |
Loans Receivable Weighted Average Coupon Rate Percentage
LoansReceivableWeightedAverageCouponRatePercentage
|
0.0454 | |
| CY2022Q1 | sevn |
Loans Receivable Average All In Yield Percentage
LoansReceivableAverageAllInYieldPercentage
|
0.0510 | |
| CY2021Q4 | sevn |
Loans Receivable Average All In Yield Percentage
LoansReceivableAverageAllInYieldPercentage
|
0.0508 | |
| CY2022Q1 | sevn |
Loans Receivable Weighted Average Libor Floor Percentage
LoansReceivableWeightedAverageLIBORFloorPercentage
|
0.0061 | |
| CY2021Q4 | sevn |
Loans Receivable Weighted Average Libor Floor Percentage
LoansReceivableWeightedAverageLIBORFloorPercentage
|
0.0068 | |
| CY2022Q1 | sevn |
Loans Receivable Weighted Average Term Of Maturity
LoansReceivableWeightedAverageTermOfMaturity
|
P3Y8M12D | |
| CY2021 | sevn |
Loans Receivable Weighted Average Term Of Maturity
LoansReceivableWeightedAverageTermOfMaturity
|
P3Y9M18D | |
| CY2022Q1 | sevn |
Mortgage Loans On Real Estate Weighted Average Risk Rating Of Portfolio
MortgageLoansOnRealEstateWeightedAverageRiskRatingOfPortfolio
|
2.8 | |
| CY2021Q4 | sevn |
Mortgage Loans On Real Estate Weighted Average Risk Rating Of Portfolio
MortgageLoansOnRealEstateWeightedAverageRiskRatingOfPortfolio
|
2.9 | |
| CY2021Q4 | us-gaap |
Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
|
19810000 | USD |
| CY2021Q4 | us-gaap |
Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
|
570780000 | USD |
| CY2022Q1 | us-gaap |
Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
|
3304000 | USD |
| CY2022Q1 | us-gaap |
Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
|
3304000 | USD |
| CY2022Q1 | us-gaap |
Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
|
91184000 | USD |
| CY2022Q1 | us-gaap |
Mortgage Loans On Real Estate Other Deductions
MortgageLoansOnRealEstateOtherDeductions
|
1148000 | USD |
| CY2022Q1 | us-gaap |
Mortgage Loans On Real Estate Period Increase Decrease
MortgageLoansOnRealEstatePeriodIncreaseDecrease
|
90036000 | USD |
| CY2022Q1 | sevn |
Mortgage Loan Repayments Gross
MortgageLoanRepaymentsGross
|
48247000 | USD |
| CY2022Q1 | srt |
Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
|
48247000 | USD |
| CY2022Q1 | sevn |
Amortization Of Deferred Loan Origination Fees Excluding Repayments Net
AmortizationOfDeferredLoanOriginationFeesExcludingRepaymentsNet
|
902000 | USD |
| CY2022Q1 | sevn |
Amortization Of Deferred Loan Origination Fees Excluding Repayments Net
AmortizationOfDeferredLoanOriginationFeesExcludingRepaymentsNet
|
902000 | USD |
| CY2022Q1 | sevn |
Sec Schedule1229 Real Estate Companies Investment In Mortgage Loans On Real Estate Purchase Discount Accretion
SECSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstatePurchaseDiscountAccretion
|
5935000 | USD |
| CY2022Q1 | sevn |
Sec Schedule1229 Real Estate Companies Investment In Mortgage Loans On Real Estate Purchase Discount Accretion
SECSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstatePurchaseDiscountAccretion
|
5935000 | USD |
| CY2022Q1 | srt |
Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
|
636831000 | USD |
| CY2022Q1 | us-gaap |
Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
|
14121000 | USD |
| CY2022Q1 | us-gaap |
Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
|
622710000 | USD |
| CY2020Q4 | srt |
Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
|
92863000 | 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 |
| CY2021Q1 | us-gaap |
Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
|
274000 | USD |
| CY2021Q1 | us-gaap |
Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
|
274000 | USD |
| CY2021Q1 | us-gaap |
Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
|
55515000 | USD |
| CY2021Q1 | us-gaap |
Mortgage Loans On Real Estate Other Deductions
MortgageLoansOnRealEstateOtherDeductions
|
675000 | USD |
| CY2021Q1 | us-gaap |
Mortgage Loans On Real Estate Period Increase Decrease
MortgageLoansOnRealEstatePeriodIncreaseDecrease
|
54840000 | USD |
| CY2021Q1 | sevn |
Amortization Of Deferred Loan Origination Fees Excluding Repayments Net
AmortizationOfDeferredLoanOriginationFeesExcludingRepaymentsNet
|
254000 | USD |
| CY2021Q1 | sevn |
Amortization Of Deferred Loan Origination Fees Excluding Repayments Net
AmortizationOfDeferredLoanOriginationFeesExcludingRepaymentsNet
|
254000 | 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 |
| CY2022Q1 | srt |
Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
|
27 | loan |
| CY2022Q1 | us-gaap |
Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
|
622710000 | USD |
| CY2022Q1 | sevn |
Mortgage Loans On Real Estate Percentage Of Value Of Portfolio
MortgageLoansOnRealEstatePercentageOfValueOfPortfolio
|
1 | |
| CY2021 | srt |
Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
|
26 | loan |
| CY2021Q4 | us-gaap |
Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
|
570780000 | USD |
| CY2021Q4 | sevn |
Mortgage Loans On Real Estate Percentage Of Value Of Portfolio
MortgageLoansOnRealEstatePercentageOfValueOfPortfolio
|
1 | |
| CY2022Q1 | srt |
Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
|
27 | loan |
| CY2022Q1 | us-gaap |
Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
|
622710000 | USD |
| CY2022Q1 | sevn |
Mortgage Loans On Real Estate Percentage Of Value Of Portfolio
MortgageLoansOnRealEstatePercentageOfValueOfPortfolio
|
1 | |
| CY2021 | srt |
Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
|
26 | loan |
| CY2021Q4 | us-gaap |
Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
|
570780000 | USD |
| CY2021Q4 | sevn |
Mortgage Loans On Real Estate Percentage Of Value Of Portfolio
MortgageLoansOnRealEstatePercentageOfValueOfPortfolio
|
1 | |
| CY2022Q1 | srt |
Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
|
27 | loan |
| CY2022Q1 | us-gaap |
Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
|
622710000 | USD |
| CY2021 | srt |
Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
|
26 | loan |
| CY2021Q4 | us-gaap |
Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
|
570780000 | USD |
| CY2022Q1 | sevn |
Mortgage Loans On Real Estate Weighted Average Risk Rating Of Portfolio
MortgageLoansOnRealEstateWeightedAverageRiskRatingOfPortfolio
|
2.8 | |
| CY2021Q4 | sevn |
Mortgage Loans On Real Estate Weighted Average Risk Rating Of Portfolio
MortgageLoansOnRealEstateWeightedAverageRiskRatingOfPortfolio
|
2.9 | |
| CY2022Q1 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
369432000 | USD |
| CY2022Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.25 | |
| CY2022Q1 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.25 | |
| CY2022Q1 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
3649000 | USD |
| CY2022Q1 | dei |
Entity Number Of Employees
EntityNumberOfEmployees
|
0 | employee |
| CY2022Q1 | sevn |
Base Management Fee Percent Fee Quarterly
BaseManagementFeePercentFeeQuarterly
|
0.00375 | |
| CY2022Q1 | sevn |
Base Management Fee Percent Fee Annualized
BaseManagementFeePercentFeeAnnualized
|
0.015 | |
| CY2022Q1 | sevn |
Base Management Fee
BaseManagementFee
|
1063000 | USD |
| CY2022Q1 | sevn |
Advisory Fee Payable
AdvisoryFeePayable
|
737000 | USD |
| CY2022Q1 | sevn |
Management Incentive Fee
ManagementIncentiveFee
|
0 | USD |
| CY2022Q1 | sevn |
Shared Service Costs
SharedServiceCosts
|
634000 | USD |
| CY2021Q1 | sevn |
Shared Service Costs
SharedServiceCosts
|
352000 | USD |
| CY2022Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
14505000 | shares |
| CY2021Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
10202000 | shares |
| CY2022Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
14000 | shares |
| CY2021Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
0 | shares |
| CY2022Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
14519000 | shares |
| CY2021Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
10202000 | shares |
| CY2022Q1 | sevn |
Financing Receivable Unfunded Loan Commitments
FinancingReceivableUnfundedLoanCommitments
|
47812000 | USD |
