2024 Q2 Form 10-Q Financial Statement
#000145247724000020 Filed on April 29, 2024
Income Statement
| Concept | 2024 Q2 | 2024 Q1 | 2023 Q1 |
|---|---|---|---|
| Revenue | $9.380M | $9.362M | $9.347M |
| YoY Change | 3.19% | 0.16% | -32.16% |
| Cost Of Revenue | $9.467M | $9.753M | $8.766M |
| YoY Change | 5.19% | 11.26% | 213.07% |
| Gross Profit | $8.298M | $8.282M | $8.275M |
| YoY Change | 3.47% | 0.08% | -34.91% |
| Gross Profit Margin | 88.46% | 88.46% | 88.53% |
| Selling, General & Admin | $1.451M | $1.013M | $796.0K |
| YoY Change | -1.29% | 27.26% | -15.86% |
| % of Gross Profit | 17.49% | 12.23% | 9.62% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $315.0K | $368.0K | $0.00 |
| YoY Change | |||
| % of Gross Profit | 3.8% | 4.44% | 0.0% |
| Operating Expenses | $3.457M | $2.401M | $452.0K |
| YoY Change | 10.45% | 431.19% | -69.99% |
| Operating Profit | $4.841M | $5.881M | $7.823M |
| YoY Change | -1.0% | -24.82% | -30.2% |
| Interest Expense | $8.673M | $7.694M | |
| YoY Change | 12.72% | 342.95% | |
| % of Operating Profit | 147.47% | 98.35% | |
| Other Income/Expense, Net | |||
| YoY Change | |||
| Pretax Income | $4.242M | $5.236M | $7.823M |
| YoY Change | -9.18% | -33.07% | -29.97% |
| Income Tax | $13.00K | $3.000K | $20.00K |
| % Of Pretax Income | 0.31% | 0.06% | 0.26% |
| Net Earnings | $4.229M | $5.233M | $7.803M |
| YoY Change | -8.94% | -32.94% | -29.87% |
| Net Earnings / Revenue | 45.09% | 55.9% | 83.48% |
| Basic Earnings Per Share | $0.28 | $0.35 | $0.53 |
| Diluted Earnings Per Share | $0.28 | $0.35 | $0.53 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 14.81M shares | 14.81M shares | 14.71M shares |
| Diluted Shares Outstanding | 14.69M shares | 14.68M shares | 14.58M shares |
Balance Sheet
| Concept | 2024 Q2 | 2024 Q1 | 2023 Q1 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $69.60M | $93.30M | $84.30M |
| YoY Change | -14.91% | 10.67% | 841.58% |
| Cash & Equivalents | $69.60M | $93.30M | $84.30M |
| Short-Term Investments | |||
| Other Short-Term Assets | $3.565M | $2.459M | $1.176M |
| YoY Change | 137.67% | 109.1% | -64.93% |
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | |||
| Other Receivables | |||
| Total Short-Term Assets | $73.17M | $95.76M | $85.48M |
| YoY Change | -12.16% | 12.03% | 594.59% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | |||
| YoY Change | |||
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $8.000K | ||
| YoY Change | -11.11% | ||
| Total Long-Term Assets | $621.7M | $602.0M | $621.3M |
| YoY Change | -3.56% | -3.11% | -0.23% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $73.17M | $95.76M | $85.48M |
| Total Long-Term Assets | $621.7M | $602.0M | $621.3M |
| Total Assets | $694.9M | $697.7M | $706.8M |
| YoY Change | -4.54% | -1.28% | 11.3% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $4.350M | $3.734M | $3.262M |
| YoY Change | 1.16% | 14.47% | 237.33% |
| Accrued Expenses | |||
| YoY Change | |||
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $157.1M | $157.1M | |
| YoY Change | |||
| Total Short-Term Liabilities | $162.9M | $162.0M | $5.633M |
| YoY Change | 2101.31% | 2776.67% | 169.14% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $260.9M | $264.1M | $433.4M |
| YoY Change | -42.37% | -39.06% | 17.87% |
| Other Long-Term Liabilities | |||
| YoY Change | |||
| Total Long-Term Liabilities | $260.9M | $264.1M | $433.4M |
| YoY Change | -42.37% | -39.06% | 17.87% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $162.9M | $162.0M | $5.633M |
| Total Long-Term Liabilities | $260.9M | $264.1M | $433.4M |
| Total Liabilities | $423.8M | $426.2M | $439.0M |
| YoY Change | -7.9% | -2.93% | 18.73% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | $81.12M | $76.89M | $53.50M |
| YoY Change | 39.52% | 43.73% | 49.54% |
| Common Stock | $240.2M | $239.7M | $238.6M |
| YoY Change | 0.43% | 0.46% | 0.38% |
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $271.1M | $271.6M | $267.7M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $694.9M | $697.7M | $706.8M |
| YoY Change | -4.54% | -1.28% | 11.3% |
Cashflow Statement
| Concept | 2024 Q2 | 2024 Q1 | 2023 Q1 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $4.229M | $5.233M | $7.803M |
| YoY Change | -8.94% | -32.94% | -29.87% |
| Depreciation, Depletion And Amortization | $315.0K | $368.0K | $0.00 |
| YoY Change | |||
| Cash From Operating Activities | $4.245M | $4.724M | $6.577M |
| YoY Change | -15.61% | -28.17% | 113.19% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | |||
| YoY Change | |||
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$19.14M | $39.55M | $50.27M |
| YoY Change | -9.25% | -21.31% | -212.68% |
| Cash From Investing Activities | -$19.14M | $39.55M | $50.27M |
| YoY Change | -9.25% | -21.31% | -212.68% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | $5.184M | $5.147M | |
| YoY Change | 0.72% | 41.05% | |
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -8.801M | -$38.84M | -$43.60M |
| YoY Change | -163.82% | -10.94% | -280.22% |
| NET CHANGE | |||
| Cash From Operating Activities | 4.245M | $4.724M | $6.577M |
| Cash From Investing Activities | -19.14M | $39.55M | $50.27M |
| Cash From Financing Activities | -8.801M | -$38.84M | -$43.60M |
| Net Change In Cash | -23.70M | $5.443M | $13.24M |
| YoY Change | 943.83% | -58.89% | -176.39% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $4.245M | $4.724M | $6.577M |
| Capital Expenditures | |||
| Free Cash Flow | |||
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022 | us-gaap |
Accounting Standards Update Extensible List
AccountingStandardsUpdateExtensibleList
|
http://fasb.org/us-gaap/2023#AccountingStandardsUpdate201613Member | |
| CY2024Q1 | us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
1145000 | usd |
| CY2023Q1 | us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
1185000 | usd |
| CY2024Q1 | us-gaap |
Interest Expense
InterestExpense
|
8673000 | usd |
| CY2023Q1 | us-gaap |
Interest Expense
InterestExpense
|
7694000 | usd |
| CY2024Q1 | us-gaap |
Net Investment Income
NetInvestmentIncome
|
8783000 | usd |
| CY2023Q1 | us-gaap |
Net Investment Income
NetInvestmentIncome
|
9347000 | usd |
| CY2024Q1 | us-gaap |
Lease Income
LeaseIncome
|
579000 | usd |
| CY2023Q1 | us-gaap |
Lease Income
LeaseIncome
|
0 | usd |
| CY2024Q1 | us-gaap |
Revenues
Revenues
|
9362000 | usd |
| CY2023Q1 | us-gaap |
Revenues
Revenues
|
9347000 | usd |
| CY2024Q1 | sevn |
Base Management Fee
BaseManagementFee
|
1080000 | usd |
| CY2023Q1 | sevn |
Base Management Fee
BaseManagementFee
|
1072000 | usd |
| CY2024Q1 | us-gaap |
Incentive Fee Expense
IncentiveFeeExpense
|
50000 | usd |
| CY2023Q1 | us-gaap |
Incentive Fee Expense
IncentiveFeeExpense
|
0 | usd |
| CY2024Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
963000 | usd |
| CY2023Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
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796000 | usd |
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Reimbursement Of Shared Services Expenses
ReimbursementOfSharedServicesExpenses
|
691000 | usd |
| CY2023Q1 | sevn |
Reimbursement Of Shared Services Expenses
ReimbursementOfSharedServicesExpenses
|
643000 | usd |
| CY2024Q1 | us-gaap |
Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
|
697000 | usd |
| CY2023Q1 | us-gaap |
Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
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-987000 | usd |
| CY2024Q1 | sevn |
Expenses From Real Estate Owned
ExpensesFromRealEstateOwned
|
645000 | usd |
| CY2023Q1 | sevn |
Expenses From Real Estate Owned
ExpensesFromRealEstateOwned
|
0 | usd |
| CY2024Q1 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
4126000 | usd |
| CY2023Q1 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
1524000 | usd |
| CY2024Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
5236000 | usd |
| CY2023Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
7823000 | usd |
| CY2024Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
3000 | usd |
| CY2023Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
20000 | usd |
| CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
5233000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
7803000 | usd |
| CY2024Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
14675000 | shares |
| CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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14675000 | shares |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
14582000 | shares |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
14582000 | shares |
| CY2024Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.35 | |
| CY2024Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.35 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.53 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.53 | |
| CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
271248000 | usd |
| CY2024Q1 | us-gaap |
Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
|
336000 | usd |
| CY2024Q1 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
75000 | usd |
| CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
5233000 | usd |
| CY2024Q1 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
5184000 | usd |
| CY2024Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
271558000 | usd |
| CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
271579000 | usd |
| CY2023Q1 | us-gaap |
Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
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121000 | usd |
| CY2023Q1 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
13000 | usd |
| CY2023Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
|
1000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
7803000 | usd |
| CY2023Q1 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
5147000 | usd |
| CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
267747000 | usd |
| CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
5233000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
7803000 | usd |
| CY2024Q1 | us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
1145000 | usd |
| CY2023Q1 | us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
1185000 | usd |
| CY2024Q1 | us-gaap |
Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
|
697000 | usd |
| CY2023Q1 | us-gaap |
Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
|
-987000 | usd |
| CY2024Q1 | us-gaap |
Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
|
582000 | usd |
| CY2023Q1 | us-gaap |
Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
|
1004000 | usd |
| CY2024Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
325000 | usd |
| CY2023Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
307000 | usd |
| CY2024Q1 | us-gaap |
Straight Line Rent
StraightLineRent
|
278000 | usd |
| CY2023Q1 | us-gaap |
Straight Line Rent
StraightLineRent
|
0 | usd |
| CY2024Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
368000 | usd |
| CY2023Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
0 | usd |
| CY2024Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
336000 | usd |
| CY2023Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
120000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
|
-232000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
|
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| CY2024Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
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| CY2023Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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| CY2024Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
2000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
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| CY2024Q1 | us-gaap |
Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
|
800000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
|
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| CY2024Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
4724000 | usd |
| CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
6577000 | usd |
| CY2024Q1 | sevn |
Payments For Additional Originations Of Mortgage Loans Held For Investments
PaymentsForAdditionalOriginationsOfMortgageLoansHeldForInvestments
|
886000 | usd |
| CY2023Q1 | sevn |
Payments For Additional Originations Of Mortgage Loans Held For Investments
PaymentsForAdditionalOriginationsOfMortgageLoansHeldForInvestments
|
1651000 | usd |
| CY2024Q1 | sevn |
Repayment Of Loan Held For Investment
RepaymentOfLoanHeldForInvestment
|
40440000 | usd |
| CY2023Q1 | sevn |
Repayment Of Loan Held For Investment
RepaymentOfLoanHeldForInvestment
|
51918000 | usd |
| CY2024Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
39554000 | usd |
| CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
50267000 | usd |
| CY2024Q1 | sevn |
Repayments For Securities Sold Under Agreements To Repurchase
RepaymentsForSecuritiesSoldUnderAgreementsToRepurchase
|
33224000 | usd |
| CY2023Q1 | sevn |
Repayments For Securities Sold Under Agreements To Repurchase
RepaymentsForSecuritiesSoldUnderAgreementsToRepurchase
|
38125000 | usd |
| CY2024Q1 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
352000 | usd |
| CY2023Q1 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
318000 | usd |
| CY2024Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
75000 | usd |
| CY2023Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
13000 | usd |
| CY2024Q1 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
5184000 | usd |
| CY2023Q1 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
5147000 | usd |
| CY2024Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-38835000 | usd |
| CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-43603000 | usd |
| CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
5443000 | usd |
| CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
13241000 | usd |
| CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
87855000 | usd |
| CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
71067000 | usd |
| CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
93298000 | usd |
| CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
84308000 | usd |
| CY2024Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
8421000 | usd |
| CY2023Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
7408000 | usd |
| CY2024Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
-64000 | usd |
| CY2023Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
3000 | usd |
| CY2023Q4 | sevn |
Loans Receivable Average All In Yield Percentage
LoansReceivableAverageAllInYieldPercentage
|
0.0964 | |
| CY2024Q1 | sevn |
Loans Receivable Weighted Average Libor Floor Percentage
LoansReceivableWeightedAverageLIBORFloorPercentage
|
0.0141 | |
| CY2023Q4 | srt |
Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
|
629892000 | usd |
| CY2024Q1 | us-gaap |
Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
|
583486000 | usd |
| CY2023Q4 | us-gaap |
Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
|
622086000 | usd |
| CY2024Q1 | sevn |
Loans Receivable Weighted Average Coupon Rate Percentage
LoansReceivableWeightedAverageCouponRatePercentage
|
0.0914 | |
| CY2023Q4 | sevn |
Loans Receivable Weighted Average Coupon Rate Percentage
LoansReceivableWeightedAverageCouponRatePercentage
|
0.0919 | |
| CY2024Q1 | sevn |
Loans Receivable Average All In Yield Percentage
LoansReceivableAverageAllInYieldPercentage
|
0.0958 | |
| CY2024Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="margin-bottom:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 allowance for credit losses, the valuation of real estate owned and the fair value of financial instruments.</span></div> | |
| CY2024Q1 | srt |
Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
|
21 | loan |
| CY2023 | srt |
Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
|
24 | loan |
| CY2024Q1 | sevn |
Loans Held For Investment Commitments
LoansHeldForInvestmentCommitments
|
628891000 | usd |
| CY2023Q4 | sevn |
Loans Held For Investment Commitments
LoansHeldForInvestmentCommitments
|
670293000 | usd |
| CY2024Q1 | sevn |
Financing Receivable Unfunded Loan Commitments
FinancingReceivableUnfundedLoanCommitments
|
38259000 | usd |
| CY2023Q4 | sevn |
Financing Receivable Unfunded Loan Commitments
FinancingReceivableUnfundedLoanCommitments
|
40401000 | usd |
| CY2024Q1 | srt |
Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
|
590632000 | usd |
| CY2023Q4 | sevn |
Loans Receivable Weighted Average Libor Floor Percentage
LoansReceivableWeightedAverageLIBORFloorPercentage
|
0.0136 | |
| CY2024Q1 | sevn |
Loans Receivable Weighted Average Term Of Maturity
LoansReceivableWeightedAverageTermOfMaturity
|
P2Y9M18D | |
| CY2023 | sevn |
Loans Receivable Weighted Average Term Of Maturity
LoansReceivableWeightedAverageTermOfMaturity
|
P3Y | |
| CY2024Q1 | sevn |
Mortgage Loans On Real Estate Weighted Average Risk Rating Of Portfolio
MortgageLoansOnRealEstateWeightedAverageRiskRatingOfPortfolio
|
3.0 | |
| CY2023Q4 | sevn |
Mortgage Loans On Real Estate Weighted Average Risk Rating Of Portfolio
MortgageLoansOnRealEstateWeightedAverageRiskRatingOfPortfolio
|
3.0 | |
| CY2023Q4 | srt |
Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
|
629892000 | usd |
| CY2023Q4 | sevn |
Real Estate Companies Investment In Mortgage Loans On Real Estate Deferred Fees And Other Items
RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateDeferredFeesAndOtherItems
|
3430000 | usd |
| CY2023Q4 | us-gaap |
Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
|
626462000 | usd |
| CY2024Q1 | us-gaap |
Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
|
1044000 | usd |
| CY2024Q1 | sevn |
Mortgage Loan Additional Funding Deferred Fees And Other Items
MortgageLoanAdditionalFundingDeferredFeesAndOtherItems
|
-158000 | usd |
| CY2024Q1 | sevn |
Mortgage Loan Additional Funding Net
MortgageLoanAdditionalFundingNet
|
886000 | usd |
| CY2024Q1 | sevn |
Mortgage Loan Repayments Gross
MortgageLoanRepaymentsGross
|
40304000 | usd |
| CY2024Q1 | sevn |
Mortgage Loan Repayments Deferred Fees And Other Items
MortgageLoanRepaymentsDeferredFeesAndOtherItems
|
136000 | usd |
| CY2024Q1 | srt |
Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
|
40440000 | usd |
| CY2024Q1 | sevn |
Amortization Of Deferred Loan Origination Fees Excluding Repayments Net
AmortizationOfDeferredLoanOriginationFeesExcludingRepaymentsNet
|
582000 | usd |
| CY2024Q1 | sevn |
Amortization Of Deferred Loan Origination Fees Excluding Repayments Net
AmortizationOfDeferredLoanOriginationFeesExcludingRepaymentsNet
|
582000 | usd |
| CY2024Q1 | sevn |
Sec Schedule1229 Real Estate Companies Investment In Mortgage Loans On Real Estate Purchase Discount Accretion
SECSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstatePurchaseDiscountAccretion
|
1145000 | usd |
| CY2024Q1 | sevn |
Sec Schedule1229 Real Estate Companies Investment In Mortgage Loans On Real Estate Purchase Discount Accretion
SECSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstatePurchaseDiscountAccretion
|
1145000 | usd |
| CY2024Q1 | srt |
Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
|
590632000 | usd |
| CY2024Q1 | sevn |
Real Estate Companies Investment In Mortgage Loans On Real Estate Deferred Fees And Other Items
RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateDeferredFeesAndOtherItems
|
1997000 | usd |
| CY2024Q1 | us-gaap |
Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
|
588635000 | 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 |
| CY2023Q1 | us-gaap |
Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
|
1884000 | usd |
| CY2023Q1 | sevn |
Mortgage Loan Additional Funding Deferred Fees And Other Items
MortgageLoanAdditionalFundingDeferredFeesAndOtherItems
|
-14000 | usd |
| CY2023Q1 | sevn |
Mortgage Loan Additional Funding Net
MortgageLoanAdditionalFundingNet
|
1870000 | usd |
| CY2023Q1 | sevn |
Mortgage Loan Repayments Gross
MortgageLoanRepaymentsGross
|
51743000 | usd |
| CY2023Q1 | sevn |
Mortgage Loan Repayments Deferred Fees And Other Items
MortgageLoanRepaymentsDeferredFeesAndOtherItems
|
175000 | usd |
| CY2023Q1 | srt |
Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
|
51918000 | usd |
| CY2023Q1 | sevn |
Amortization Of Deferred Loan Origination Fees Excluding Repayments Net
AmortizationOfDeferredLoanOriginationFeesExcludingRepaymentsNet
|
1004000 | usd |
| CY2023Q1 | sevn |
Amortization Of Deferred Loan Origination Fees Excluding Repayments Net
AmortizationOfDeferredLoanOriginationFeesExcludingRepaymentsNet
|
1004000 | usd |
| CY2023Q1 | sevn |
Sec Schedule1229 Real Estate Companies Investment In Mortgage Loans On Real Estate Purchase Discount Accretion
SECSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstatePurchaseDiscountAccretion
|
1185000 | usd |
| CY2023Q1 | sevn |
Sec Schedule1229 Real Estate Companies Investment In Mortgage Loans On Real Estate Purchase Discount Accretion
SECSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstatePurchaseDiscountAccretion
|
1185000 | usd |
| CY2023Q1 | srt |
Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
|
628696000 | usd |
| CY2023Q1 | sevn |
Real Estate Companies Investment In Mortgage Loans On Real Estate Deferred Fees And Other Items
RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateDeferredFeesAndOtherItems
|
6626000 | usd |
| CY2023Q1 | us-gaap |
Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
|
622070000 | usd |
| CY2024Q1 | srt |
Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
|
21 | loan |
| CY2024Q1 | us-gaap |
Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
|
588635000 | usd |
| CY2024Q1 | sevn |
Mortgage Loans On Real Estate Percentage Of Value Of Portfolio
MortgageLoansOnRealEstatePercentageOfValueOfPortfolio
|
1 | |
| CY2023Q4 | us-gaap |
Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
|
626462000 | usd |
| CY2023Q4 | sevn |
Mortgage Loans On Real Estate Percentage Of Value Of Portfolio
MortgageLoansOnRealEstatePercentageOfValueOfPortfolio
|
1 | |
| CY2024Q1 | srt |
Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
|
21 | loan |
| CY2024Q1 | us-gaap |
Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
|
588635000 | usd |
| CY2024Q1 | sevn |
Mortgage Loans On Real Estate Percentage Of Value Of Portfolio
MortgageLoansOnRealEstatePercentageOfValueOfPortfolio
|
1 | |
| CY2023 | srt |
Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
|
24 | loan |
| CY2023Q4 | us-gaap |
Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
|
626462000 | usd |
| CY2023Q4 | sevn |
Mortgage Loans On Real Estate Percentage Of Value Of Portfolio
MortgageLoansOnRealEstatePercentageOfValueOfPortfolio
|
1 | |
| CY2024Q1 | srt |
Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
|
21 | loan |
| CY2024Q1 | sevn |
Mortgage Loans On Real Estate Percentage Of Value Of Portfolio
MortgageLoansOnRealEstatePercentageOfValueOfPortfolio
|
1 | |
| CY2024Q1 | us-gaap |
Financing Receivable Excluding Accrued Interest Year One Originated Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearOneOriginatedCurrentFiscalYear
|
0 | usd |
| CY2024Q1 | us-gaap |
Financing Receivable Excluding Accrued Interest Year Two Originated Fiscal Year Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYear
|
132370000 | usd |
| CY2024Q1 | us-gaap |
Financing Receivable Excluding Accrued Interest Year Three Originated Two Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYear
|
195121000 | usd |
| CY2024Q1 | us-gaap |
Financing Receivable Excluding Accrued Interest Year Four Originated Three Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFourOriginatedThreeYearsBeforeCurrentFiscalYear
|
231573000 | usd |
| CY2024Q1 | us-gaap |
Financing Receivable Excluding Accrued Interest Originated More Than Five Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestOriginatedMoreThanFiveYearsBeforeCurrentFiscalYear
|
29571000 | usd |
| CY2024Q1 | us-gaap |
Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
|
588635000 | usd |
| CY2023 | srt |
Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
|
24 | loan |
| CY2023Q4 | sevn |
Mortgage Loans On Real Estate Percentage Of Value Of Portfolio
MortgageLoansOnRealEstatePercentageOfValueOfPortfolio
|
1 | |
| CY2023Q4 | us-gaap |
Financing Receivable Excluding Accrued Interest Year One Originated Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearOneOriginatedCurrentFiscalYear
|
132204000 | usd |
| CY2023Q4 | us-gaap |
Financing Receivable Excluding Accrued Interest Year Two Originated Fiscal Year Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYear
|
209580000 | usd |
| CY2023Q4 | us-gaap |
Financing Receivable Excluding Accrued Interest Year Three Originated Two Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYear
|
246130000 | usd |
| CY2023Q4 | us-gaap |
Financing Receivable Excluding Accrued Interest Year Four Originated Three Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFourOriginatedThreeYearsBeforeCurrentFiscalYear
|
38548000 | usd |
| CY2023Q4 | us-gaap |
Financing Receivable Excluding Accrued Interest Originated More Than Five Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestOriginatedMoreThanFiveYearsBeforeCurrentFiscalYear
|
0 | usd |
| CY2023Q4 | us-gaap |
Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
|
626462000 | usd |
| CY2024Q1 | sevn |
Real Estate Owned Gross
RealEstateOwnedGross
|
11393000 | usd |
| CY2023Q4 | sevn |
Real Estate Owned Gross
RealEstateOwnedGross
|
11393000 | usd |
| CY2024Q1 | us-gaap |
Real Estate Owned Accumulated Depreciation
RealEstateOwnedAccumulatedDepreciation
|
263000 | usd |
| CY2023Q4 | us-gaap |
Real Estate Owned Accumulated Depreciation
RealEstateOwnedAccumulatedDepreciation
|
115000 | usd |
| CY2024Q1 | sevn |
Real Estate Owned Net
RealEstateOwnedNet
|
11130000 | usd |
| CY2023Q4 | sevn |
Real Estate Owned Net
RealEstateOwnedNet
|
11278000 | usd |
| CY2024Q1 | sevn |
Real Estate Investment Other Acquired Real Estate Leases Net
RealEstateInvestmentOtherAcquiredRealEstateLeasesNet
|
3937000 | usd |
| CY2023Q4 | sevn |
Real Estate Investment Other Acquired Real Estate Leases Net
RealEstateInvestmentOtherAcquiredRealEstateLeasesNet
|
4137000 | usd |
| CY2024Q1 | us-gaap |
Real Estate Investments Other
RealEstateInvestmentsOther
|
1576000 | usd |
| CY2023Q4 | us-gaap |
Real Estate Investments Other
RealEstateInvestmentsOther
|
1352000 | usd |
| CY2024Q1 | sevn |
Real Estate Owned Assets
RealEstateOwnedAssets
|
16643000 | usd |
| CY2023Q4 | sevn |
Real Estate Owned Assets
RealEstateOwnedAssets
|
16767000 | usd |
| CY2024Q1 | sevn |
Real Estate Owned Accrued Expenses And Other Liabilities
RealEstateOwnedAccruedExpensesAndOtherLiabilities
|
472000 | usd |
| CY2023Q4 | sevn |
Real Estate Owned Accrued Expenses And Other Liabilities
RealEstateOwnedAccruedExpensesAndOtherLiabilities
|
517000 | usd |
| CY2024Q1 | sevn |
Real Estate Owned Liabilities
RealEstateOwnedLiabilities
|
472000 | usd |
| CY2023Q4 | sevn |
Real Estate Owned Liabilities
RealEstateOwnedLiabilities
|
517000 | usd |
| CY2024Q1 | sevn |
Real Estate Investment Other Acquired Real Estate Leases Weighted Average Remaining Lease Term
RealEstateInvestmentOtherAcquiredRealEstateLeasesWeightedAverageRemainingLeaseTerm
|
P7Y2M12D | |
| CY2024Q1 | sevn |
Real Estate Investment Other Straight Line Rent Receivable
RealEstateInvestmentOtherStraightLineRentReceivable
|
925000 | usd |
| CY2023Q4 | sevn |
Real Estate Investment Other Straight Line Rent Receivable
RealEstateInvestmentOtherStraightLineRentReceivable
|
647000 | usd |
| CY2024Q1 | us-gaap |
Straight Line Rent Adjustments
StraightLineRentAdjustments
|
278000 | usd |
| CY2024Q1 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
5916 | shares |
| CY2024Q1 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
75000 | usd |
| CY2024Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.35 | |
| CY2024Q1 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.35 | |
| CY2024Q1 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
5184000 | usd |
| CY2024Q1 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
5182000 | usd |
| CY2024Q1 | dei |
Entity Number Of Employees
EntityNumberOfEmployees
|
0 | employee |
| CY2024Q1 | sevn |
Base Management Fee Percent Fee Quarterly
BaseManagementFeePercentFeeQuarterly
|
0.00375 | |
| CY2024Q1 | sevn |
Base Management Fee Percent Fee Annualized
BaseManagementFeePercentFeeAnnualized
|
0.015 | |
| CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
5233000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
7803000 | usd |
| CY2024Q1 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
48000 | usd |
| CY2023Q1 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
67000 | usd |
| CY2024Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
5185000 | usd |
| CY2024Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
5185000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
7736000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
7736000 | usd |
| CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
14675000 | shares |
| CY2024Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
14675000 | shares |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
14582000 | shares |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
14582000 | shares |
| CY2024Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.35 | |
| CY2024Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.35 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.53 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.53 | |
| CY2024Q1 | sevn |
Financing Receivable Unfunded Loan Commitments
FinancingReceivableUnfundedLoanCommitments
|
38259000 | usd |
| CY2024Q1 | sevn |
Unspent Leasing Related Obligation
UnspentLeasingRelatedObligation
|
361000 | usd |
