2023 Q1 Form 10-K Financial Statement
#000145247723000011 Filed on February 13, 2023
Income Statement
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
Revenue | $9.347M | $16.73M | $38.36M |
YoY Change | -32.16% | -36.01% | 14.67% |
Cost Of Revenue | $8.766M | $8.509M | $21.89M |
YoY Change | 213.07% | 223.91% | 299.89% |
Gross Profit | $8.275M | $8.218M | $34.10M |
YoY Change | -34.91% | -65.05% | 12.8% |
Gross Profit Margin | 88.53% | 49.13% | 88.9% |
Selling, General & Admin | $796.0K | $740.0K | $4.080M |
YoY Change | -15.86% | -45.27% | 32.0% |
% of Gross Profit | 9.62% | 9.0% | 11.96% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $0.00 | $0.00 | |
YoY Change | |||
% of Gross Profit | 0.0% | 0.0% | |
Operating Expenses | $452.0K | $1.452M | $6.312M |
YoY Change | -69.99% | -26.18% | 35.57% |
Operating Profit | $7.823M | $6.766M | $27.79M |
YoY Change | -30.2% | -68.6% | 8.65% |
Interest Expense | $7.694M | $17.63M | |
YoY Change | 342.95% | 682.51% | |
% of Operating Profit | 98.35% | 63.44% | |
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | $7.823M | $6.766M | $27.75M |
YoY Change | -29.97% | -67.72% | 11.07% |
Income Tax | $20.00K | $6.000K | $113.0K |
% Of Pretax Income | 0.26% | 0.09% | 0.41% |
Net Earnings | $7.803M | $6.760M | $27.64M |
YoY Change | -29.87% | -67.27% | 12.13% |
Net Earnings / Revenue | 83.48% | 40.41% | 72.05% |
Basic Earnings Per Share | $0.53 | $1.89 | |
Diluted Earnings Per Share | $0.53 | $0.46 | $1.89 |
COMMON SHARES | |||
Basic Shares Outstanding | 14.71M shares | 14.71M shares | 14.54M shares |
Diluted Shares Outstanding | 14.58M shares | 14.54M shares |
Balance Sheet
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $84.30M | $71.06M | $71.06M |
YoY Change | 841.58% | 171.24% | 171.24% |
Cash & Equivalents | $84.30M | $71.06M | $71.06M |
Short-Term Investments | |||
Other Short-Term Assets | $1.176M | $5.851M | $5.851M |
YoY Change | -64.93% | 294.01% | 294.01% |
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $85.48M | $76.91M | $76.91M |
YoY Change | 594.59% | 177.83% | 177.83% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $669.9M | $669.9M | |
YoY Change | 17.37% | 17.37% | |
Other Assets | $8.000K | $10.00K | $10.00K |
YoY Change | -11.11% | -89.8% | -89.8% |
Total Long-Term Assets | $621.3M | $669.9M | $669.9M |
YoY Change | -0.23% | 17.06% | 17.06% |
TOTAL ASSETS | |||
Total Short-Term Assets | $85.48M | $76.91M | $76.91M |
Total Long-Term Assets | $621.3M | $669.9M | $669.9M |
Total Assets | $706.8M | $746.8M | $746.8M |
YoY Change | 11.3% | 24.48% | 24.48% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $3.262M | $1.903M | $1.903M |
YoY Change | 237.33% | 21.91% | 21.91% |
Accrued Expenses | |||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $5.633M | $3.747M | $3.747M |
YoY Change | 169.14% | 40.23% | 40.23% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $433.4M | $471.5M | $471.5M |
YoY Change | 17.87% | 38.83% | 38.83% |
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $433.4M | $471.5M | $471.5M |
YoY Change | 17.87% | 38.83% | 38.83% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $5.633M | $3.747M | $3.747M |
Total Long-Term Liabilities | $433.4M | $471.5M | $471.5M |
Total Liabilities | $439.0M | $475.3M | $475.3M |
YoY Change | 18.73% | 38.85% | 38.85% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $53.50M | $52.29M | |
YoY Change | 49.54% | 112.13% | |
Common Stock | $238.6M | $238.5M | |
YoY Change | 0.38% | 0.37% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $267.7M | $271.6M | $271.6M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $706.8M | $746.8M | $746.8M |
YoY Change | 11.3% | 24.48% | 24.48% |
Cashflow Statement
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $7.803M | $6.760M | $27.64M |
YoY Change | -29.87% | -67.27% | 12.13% |
Depreciation, Depletion And Amortization | $0.00 | $0.00 | |
YoY Change | |||
Cash From Operating Activities | $6.577M | $2.788M | $12.75M |
YoY Change | 113.19% | -652.08% | 1509.97% |
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $50.27M | $27.80M | -$84.07M |
YoY Change | -212.68% | -123.81% | -70.38% |
Cash From Investing Activities | $50.27M | $27.80M | -$84.07M |
YoY Change | -212.68% | -123.81% | -70.38% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | $5.147M | $14.64M | |
YoY Change | 41.05% | 218.52% | |
Common Stock Issuance & Retirement, Net | $137.0K | ||
YoY Change | 140.35% | ||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -$43.60M | -35.96M | $116.1M |
YoY Change | -280.22% | -129.07% | -43.59% |
NET CHANGE | |||
Cash From Operating Activities | $6.577M | 2.788M | $12.75M |
Cash From Investing Activities | $50.27M | 27.80M | -$84.07M |
Cash From Financing Activities | -$43.60M | -35.96M | $116.1M |
Net Change In Cash | $13.24M | -5.370M | $44.77M |
YoY Change | -176.39% | -183.28% | -157.94% |
FREE CASH FLOW | |||
Cash From Operating Activities | $6.577M | $2.788M | $12.75M |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
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|
-283000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
12751000 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
792000 | usd |
CY2022 | sevn |
Payments For Originations Of Mortgage Loans Held For Investments
PaymentsForOriginationsOfMortgageLoansHeldForInvestments
|
200938000 | usd |
CY2021 | sevn |
Payments For Originations Of Mortgage Loans Held For Investments
PaymentsForOriginationsOfMortgageLoansHeldForInvestments
|
343471000 | usd |
CY2022 | sevn |
Payments For Additional Originations Of Mortgage Loans Held For Investments
PaymentsForAdditionalOriginationsOfMortgageLoansHeldForInvestments
|
16697000 | usd |
CY2021 | sevn |
Payments For Additional Originations Of Mortgage Loans Held For Investments
PaymentsForAdditionalOriginationsOfMortgageLoansHeldForInvestments
|
4343000 | usd |
CY2022 | sevn |
Principal Repayment On Loan Held For Investment
PrincipalRepaymentOnLoanHeldForInvestment
|
133568000 | usd |
CY2021 | sevn |
Principal Repayment On Loan Held For Investment
PrincipalRepaymentOnLoanHeldForInvestment
|
59041000 | usd |
CY2022 | sevn |
Payment Of Asset Acquisition Transaction Costs
PaymentOfAssetAcquisitionTransactionCosts
|
0 | usd |
CY2021 | sevn |
Payment Of Asset Acquisition Transaction Costs
PaymentOfAssetAcquisitionTransactionCosts
|
6160000 | usd |
CY2022 | us-gaap |
Cash Acquired From Acquisition
CashAcquiredFromAcquisition
|
0 | usd |
CY2021 | us-gaap |
Cash Acquired From Acquisition
CashAcquiredFromAcquisition
|
11070000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-84067000 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-283863000 | usd |
CY2022 | sevn |
Proceeds From Securities Sold Under Agreements To Repurchase
ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase
|
284867000 | usd |
CY2021 | sevn |
Proceeds From Securities Sold Under Agreements To Repurchase
ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase
|
249804000 | usd |
CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
15710000 | usd |
CY2022 | sevn |
Repayments For Securities Sold Under Agreements To Repurchase
RepaymentsForSecuritiesSoldUnderAgreementsToRepurchase
|
152121000 | usd |
CY2021 | sevn |
Repayments For Securities Sold Under Agreements To Repurchase
RepaymentsForSecuritiesSoldUnderAgreementsToRepurchase
|
37897000 | usd |
CY2022 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
1885000 | usd |
CY2021 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
1453000 | usd |
CY2022 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
137000 | usd |
CY2021 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
57000 | usd |
CY2022 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
14636000 | usd |
CY2021 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
4595000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
116088000 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
205802000 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
44772000 | usd |
CY2021 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-77269000 | 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 |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
71067000 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
26295000 | usd |
CY2021 | us-gaap |
Interest Paid Net
InterestPaidNet
|
1718000 | usd |
CY2022 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
134000 | usd |
CY2021 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
2681000 | usd |
CY2022 | sevn |
Dividends Declared But Not Yet Paid
DividendsDeclaredButNotYetPaid
|
0 | usd |
CY2021 | sevn |
Dividends Declared But Not Yet Paid
DividendsDeclaredButNotYetPaid
|
162990000 | usd |
CY2022 | sevn |
Working Capital Net Liabilities Assumed
WorkingCapitalNetLiabilitiesAssumed
|
0 | usd |
CY2021 | sevn |
Working Capital Net Liabilities Assumed
WorkingCapitalNetLiabilitiesAssumed
|
924000 | usd |
CY2022 | sevn |
Assumption Of Master Repurchase Facility
AssumptionOfMasterRepurchaseFacility
|
0 | usd |
CY2021 | sevn |
Assumption Of Master Repurchase Facility
AssumptionOfMasterRepurchaseFacility
|
128962000 | usd |
CY2022 | sevn |
Issuance Of Common Shares
IssuanceOfCommonShares
|
0 | usd |
CY2021 | sevn |
Issuance Of Common Shares
IssuanceOfCommonShares
|
44175000 | usd |
CY2022Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
71057000 | usd |
CY2021Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
26197000 | usd |
CY2022Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
10000 | usd |
CY2021Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
98000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
71067000 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
26295000 | usd |
CY2022 | us-gaap |
Use Of Estimates
UseOfEstimates
|
Actual results could differ from those estimates. Significant estimates in the accompanying consolidated financial statements include the fair value of financial instruments. | |
CY2022 | us-gaap |
Subsidiary Or Equity Method Investee Cumulative Percentage Ownership After All Transactions
SubsidiaryOrEquityMethodInvesteeCumulativePercentageOwnershipAfterAllTransactions
|
1 | |
CY2022 | 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 |
CY2022Q4 | sevn |
Loans Held For Investment Commitments
LoansHeldForInvestmentCommitments
|
727562000 | usd |
CY2021Q4 | sevn |
Loans Held For Investment Commitments
LoansHeldForInvestmentCommitments
|
648266000 | usd |
CY2022Q4 | sevn |
Financing Receivable Unfunded Loan Commitments
FinancingReceivableUnfundedLoanCommitments
|
49007000 | usd |
CY2021Q4 | sevn |
Financing Receivable Unfunded Loan Commitments
FinancingReceivableUnfundedLoanCommitments
|
57772000 | usd |
CY2022Q4 | srt |
Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
|
678555000 | usd |
CY2021Q4 | srt |
Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
|
590590000 | usd |
CY2022Q4 | us-gaap |
Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
|
669929000 | usd |
CY2021Q4 | us-gaap |
Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
|
570780000 | usd |
CY2022Q4 | sevn |
Loans Receivable Weighted Average Coupon Rate Percentage
LoansReceivableWeightedAverageCouponRatePercentage
|
0.0807 | |
CY2021Q4 | sevn |
Loans Receivable Weighted Average Coupon Rate Percentage
LoansReceivableWeightedAverageCouponRatePercentage
|
0.0454 | |
CY2022Q4 | sevn |
Loans Receivable Average All In Yield Percentage
LoansReceivableAverageAllInYieldPercentage
|
0.0857 | |
CY2021Q4 | sevn |
Loans Receivable Average All In Yield Percentage
LoansReceivableAverageAllInYieldPercentage
|
0.0508 | |
CY2022Q4 | sevn |
Loans Receivable Weighted Average Libor Floor Percentage
LoansReceivableWeightedAverageLIBORFloorPercentage
|
0.0062 | |
CY2021Q4 | sevn |
Loans Receivable Weighted Average Libor Floor Percentage
LoansReceivableWeightedAverageLIBORFloorPercentage
|
0.0068 | |
CY2022 | sevn |
Loans Receivable Weighted Average Term Of Maturity
LoansReceivableWeightedAverageTermOfMaturity
|
P3Y3M18D | |
CY2021 | sevn |
Loans Receivable Weighted Average Term Of Maturity
LoansReceivableWeightedAverageTermOfMaturity
|
P3Y9M18D | |
CY2021Q4 | sevn |
Mortgage Loans On Real Estate Weighted Average Risk Rating Of Portfolio
MortgageLoansOnRealEstateWeightedAverageRiskRatingOfPortfolio
|
2.9 | |
CY2021Q4 | sevn |
Mortgage Loans On Real Estate Weighted Average Risk Rating Of Portfolio
MortgageLoansOnRealEstateWeightedAverageRiskRatingOfPortfolio
|
2.9 | |
CY2020Q4 | srt |
Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
|
92863000 | usd |
CY2020Q4 | sevn |
Real Estate Companies Investment In Mortgage Loans On Real Estate Deferred Fees And Other Items
RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateDeferredFeesAndOtherItems
|
984000 | usd |
CY2020Q4 | us-gaap |
Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
|
91879000 | usd |
CY2021 | us-gaap |
Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
|
4710000 | usd |
CY2021 | us-gaap |
Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
|
4710000 | usd |
CY2021 | us-gaap |
Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
|
347366000 | usd |
CY2021 | us-gaap |
Mortgage Loans On Real Estate Other Deductions
MortgageLoansOnRealEstateOtherDeductions
|
3895000 | usd |
CY2021 | us-gaap |
Mortgage Loans On Real Estate Period Increase Decrease
MortgageLoansOnRealEstatePeriodIncreaseDecrease
|
343471000 | usd |
CY2021 | sevn |
Mortgage Loan Repayments Gross
MortgageLoanRepaymentsGross
|
59041000 | usd |
CY2021 | sevn |
Mortgage Loan Repayments Deferred Fees And Other Items
MortgageLoanRepaymentsDeferredFeesAndOtherItems
|
156000 | usd |
CY2021 | srt |
Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
|
59197000 | usd |
CY2021 | sevn |
Amortization Of Deferred Loan Origination Fees Excluding Repayments Net
AmortizationOfDeferredLoanOriginationFeesExcludingRepaymentsNet
|
1835000 | usd |
CY2021 | sevn |
Amortization Of Deferred Loan Origination Fees Excluding Repayments Net
AmortizationOfDeferredLoanOriginationFeesExcludingRepaymentsNet
|
1835000 | usd |
CY2021 | sevn |
Mortgage Loans Acquired Gross
MortgageLoansAcquiredGross
|
204692000 | usd |
CY2021 | sevn |
Mortgage Loans Acquired Deferred Fees
MortgageLoansAcquiredDeferredFees
|
901000 | usd |
CY2021 | sevn |
Mortgage Loans Acquired Net
MortgageLoansAcquiredNet
|
205593000 | usd |
CY2021 | sevn |
Purchase Discount On Mortgage Loans Acquired Deferred Fees
PurchaseDiscountOnMortgageLoansAcquiredDeferredFees
|
36443000 | usd |
CY2021 | sevn |
Purchase Discount On Mortgage Loans Acquired Net
PurchaseDiscountOnMortgageLoansAcquiredNet
|
36443000 | usd |
CY2021 | sevn |
Sec Schedule1229 Real Estate Companies Investment In Mortgage Loans On Real Estate Purchase Discount Accretion
SECSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstatePurchaseDiscountAccretion
|
18932000 | usd |
CY2021 | sevn |
Sec Schedule1229 Real Estate Companies Investment In Mortgage Loans On Real Estate Purchase Discount Accretion
SECSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstatePurchaseDiscountAccretion
|
18932000 | usd |
CY2021Q4 | srt |
Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
|
590590000 | usd |
CY2021Q4 | sevn |
Real Estate Companies Investment In Mortgage Loans On Real Estate Deferred Fees And Other Items
RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateDeferredFeesAndOtherItems
|
19810000 | usd |
CY2021Q4 | us-gaap |
Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
|
570780000 | usd |
CY2022 | us-gaap |
Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
|
17310000 | usd |
CY2022 | us-gaap |
Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
|
17310000 | usd |
CY2022 | us-gaap |
Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
|
203244000 | usd |
CY2022 | us-gaap |
Mortgage Loans On Real Estate Other Deductions
MortgageLoansOnRealEstateOtherDeductions
|
2306000 | usd |
CY2022 | us-gaap |
Mortgage Loans On Real Estate Period Increase Decrease
MortgageLoansOnRealEstatePeriodIncreaseDecrease
|
200938000 | usd |
CY2022 | sevn |
Mortgage Loan Repayments Gross
MortgageLoanRepaymentsGross
|
132589000 | usd |
CY2022 | sevn |
Mortgage Loan Repayments Deferred Fees And Other Items
MortgageLoanRepaymentsDeferredFeesAndOtherItems
|
979000 | usd |
CY2022 | srt |
Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
|
133568000 | usd |
CY2022 | sevn |
Amortization Of Deferred Loan Origination Fees Excluding Repayments Net
AmortizationOfDeferredLoanOriginationFeesExcludingRepaymentsNet
|
3780000 | usd |
CY2022 | sevn |
Amortization Of Deferred Loan Origination Fees Excluding Repayments Net
AmortizationOfDeferredLoanOriginationFeesExcludingRepaymentsNet
|
3780000 | usd |
CY2022 | sevn |
Sec Schedule1229 Real Estate Companies Investment In Mortgage Loans On Real Estate Purchase Discount Accretion
SECSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstatePurchaseDiscountAccretion
|
10689000 | usd |
CY2022 | sevn |
Sec Schedule1229 Real Estate Companies Investment In Mortgage Loans On Real Estate Purchase Discount Accretion
SECSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstatePurchaseDiscountAccretion
|
10689000 | usd |
CY2022Q4 | srt |
Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
|
678555000 | usd |
CY2022Q4 | sevn |
Real Estate Companies Investment In Mortgage Loans On Real Estate Deferred Fees And Other Items
RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateDeferredFeesAndOtherItems
|
8626000 | usd |
CY2022Q4 | us-gaap |
Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
|
669929000 | usd |
CY2022Q4 | sevn |
Financing Receivable Origination And Exit Fees Net
FinancingReceivableOriginationAndExitFeesNet
|
120000 | usd |
CY2022 | srt |
Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
|
27 | loan |
CY2022Q4 | us-gaap |
Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
|
669929000 | usd |
CY2022Q4 | 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 | |
CY2022 | srt |
Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
|
27 | loan |
CY2022Q4 | us-gaap |
Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
|
669929000 | usd |
CY2022Q4 | 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 | |
CY2022 | srt |
Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
|
27 | loan |
CY2022Q4 | us-gaap |
Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
|
669929000 | 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 |
CY2022Q4 | sevn |
Mortgage Loans On Real Estate Weighted Average Risk Rating Of Portfolio
MortgageLoansOnRealEstateWeightedAverageRiskRatingOfPortfolio
|
2.9 | |
CY2021Q4 | sevn |
Mortgage Loans On Real Estate Weighted Average Risk Rating Of Portfolio
MortgageLoansOnRealEstateWeightedAverageRiskRatingOfPortfolio
|
2.9 | |
CY2022Q4 | sevn |
Secured Debt Repurchase Agreements Gross
SecuredDebtRepurchaseAgreementsGross
|
473615000 | usd |
CY2022Q4 | dei |
Entity Number Of Employees
EntityNumberOfEmployees
|
0 | employee |
CY2021Q1 | sevn |
Base Management Fee Percent Fee Annualized
BaseManagementFeePercentFeeAnnualized
|
0.015 | |
CY2022 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
13898 | shares |
CY2021 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
5530 | shares |
CY2022 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
137000 | usd |
CY2021 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
57000 | usd |
CY2022 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
1.00 | |
CY2022 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
14636000 | usd |
CY2022 | sevn |
Common Stock Dividends Return Of Capital Percentage
CommonStockDividendsReturnOfCapitalPercentage
|
0 | |
CY2022 | sevn |
Common Stock Dividends Ordinary Income Distribution Percentage
CommonStockDividendsOrdinaryIncomeDistributionPercentage
|
1 | |
CY2022 | sevn |
Common Stock Dividends Qualified Dividend Percentage
CommonStockDividendsQualifiedDividendPercentage
|
0 | |
CY2021 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.45 | |
CY2021 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
4595000 | usd |
CY2021 | sevn |
Common Stock Dividends Return Of Capital Percentage
CommonStockDividendsReturnOfCapitalPercentage
|
0.21 | |
CY2021 | sevn |
Common Stock Dividends Ordinary Income Distribution Percentage
CommonStockDividendsOrdinaryIncomeDistributionPercentage
|
0.79 | |
CY2021 | sevn |
Common Stock Dividends Qualified Dividend Percentage
CommonStockDividendsQualifiedDividendPercentage
|
0 | |
CY2021Q1 | sevn |
Base Management Fee Percent Fee Quarterly
BaseManagementFeePercentFeeQuarterly
|
0.00375 | |
CY2021Q1 | sevn |
Management Fee Incentive Fee Percentage
ManagementFeeIncentiveFeePercentage
|
0.20 | |
CY2021Q1 | sevn |
Management Fee Incentive Fee Percentage Annual
ManagementFeeIncentiveFeePercentageAnnual
|
0.07 | |
CY2022 | sevn |
Base Management Fee
BaseManagementFee
|
4260000 | usd |
CY2021 | sevn |
Base Management Fee
BaseManagementFee
|
3221000 | usd |
CY2022 | sevn |
Management Agreement Term
ManagementAgreementTerm
|
P1Y | |
CY2022 | sevn |
Management Agreement Termination Upon Written Notice Delivery Term
ManagementAgreementTerminationUponWrittenNoticeDeliveryTerm
|
P180D | |
CY2022 | sevn |
Management Agreement Termination Upon Written Notice Delivery Term
ManagementAgreementTerminationUponWrittenNoticeDeliveryTerm
|
P180D | |
CY2022 | sevn |
Management Agreement Termination Upon Written Notice Cause Event Term
ManagementAgreementTerminationUponWrittenNoticeCauseEventTerm
|
P30D | |
CY2022 | sevn |
Management Agreement Termination Fee Multiplier
ManagementAgreementTerminationFeeMultiplier
|
3 | |
CY2022 | sevn |
Management Agreement Termination Fee Calculation Period
ManagementAgreementTerminationFeeCalculationPeriod
|
P24M | |
CY2022 | sevn |
Management Agreement Termination Fee Calculation Period
ManagementAgreementTerminationFeeCalculationPeriod
|
P24M | |
CY2022 | sevn |
Management Agreement Termination Fee Calculation Annualized Period
ManagementAgreementTerminationFeeCalculationAnnualizedPeriod
|
P2Y | |
CY2022 | sevn |
Management Agreement Termination Fee
ManagementAgreementTerminationFee
|
1600000 | usd |
CY2022 | sevn |
Management Agreement Formation Costs Included In Termination Fee
ManagementAgreementFormationCostsIncludedInTerminationFee
|
6680000 | usd |
CY2022 | us-gaap |
Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
|
2232000 | usd |
CY2021 | us-gaap |
Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
|
1565000 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
27640000 | usd |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
24650000 | usd |
CY2022 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
193000 | usd |
CY2021 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
0 | usd |
CY2022 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
27447000 | usd |
CY2022 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
27447000 | usd |
CY2021 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
24650000 | usd |
CY2021 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
24650000 | usd |
CY2022 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
14540000 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
14540000 | shares |
CY2021 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
11304000 | shares |
CY2021 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
11304000 | shares |
CY2022 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.89 | |
CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.89 | |
CY2021 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.18 | |
CY2021 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.18 | |
CY2022Q4 | sevn |
Financing Receivable Unfunded Loan Commitments
FinancingReceivableUnfundedLoanCommitments
|
49007000 | usd |
CY2020Q4 | us-gaap |
Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
|
91879000 | usd |
CY2021 | us-gaap |
Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
|
347366000 | usd |
CY2021 | sevn |
Mortgage Loans Acquired Net
MortgageLoansAcquiredNet
|
205593000 | usd |
CY2021 | us-gaap |
Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
|
4710000 | usd |
CY2021 | sevn |
Sec Schedule1229 Real Estate Companies Investment In Mortgage Loans On Real Estate Purchase Discount Accretion
SECSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstatePurchaseDiscountAccretion
|
18932000 | usd |
CY2021 | sevn |
Sec Schedule1229 Real Estate Companies Investment In Mortgage Loans On Real Estate Amortization Of Deferred Fees
SECSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateAmortizationOfDeferredFees
|
1835000 | usd |
CY2021 | srt |
Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
|
59197000 | usd |
CY2021 | us-gaap |
Mortgage Loans On Real Estate Other Deductions
MortgageLoansOnRealEstateOtherDeductions
|
3895000 | usd |
CY2021 | sevn |
Purchase Discount On Mortgage Loans Acquired Net
PurchaseDiscountOnMortgageLoansAcquiredNet
|
36443000 | usd |
CY2021Q4 | us-gaap |
Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
|
570780000 | usd |
CY2022 | us-gaap |
Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
|
203244000 | usd |
CY2022 | us-gaap |
Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
|
17310000 | usd |
CY2022 | sevn |
Sec Schedule1229 Real Estate Companies Investment In Mortgage Loans On Real Estate Purchase Discount Accretion
SECSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstatePurchaseDiscountAccretion
|
10689000 | usd |
CY2022 | sevn |
Sec Schedule1229 Real Estate Companies Investment In Mortgage Loans On Real Estate Amortization Of Deferred Fees
SECSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateAmortizationOfDeferredFees
|
3780000 | usd |
CY2022 | srt |
Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
|
133568000 | usd |
CY2022 | us-gaap |
Mortgage Loans On Real Estate Other Deductions
MortgageLoansOnRealEstateOtherDeductions
|
2306000 | usd |
CY2022Q4 | us-gaap |
Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
|
669929000 | usd |