2 unchanged sentences
Based upon that evaluation, our Managing Trustees, our President and our Chief Financial Officer and Treasurer concluded that our disclosure controls and procedures are effective.
−Removed: There have been no changes in our internal control over financial reporting during the quarter ended September 30, 2024 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
+Added: There have been no changes in our internal control over financial reporting during the quarter ended March 31, 2025 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
+Added: Tab le of Contents
Warning Concerning Forward-Looking Statements
4 unchanged sentences
economic, market and industry conditions;
+Added: geopolitical uncertainty;
+Added: interest rate fluctuations;
+Added: new trade policies and tariffs;
demand for CRE debt and opportunities that may exist for alternative lenders like us;
10 unchanged sentences
• Our ability to carry out our business strategy and take advantage of opportunities for our business that we believe exist;
−Removed: • The impact of inflation, geopolitical instability, interest rate fluctuations and economic recession or downturn on the CRE industry generally and specific CRE sectors applicable to our investments and lending markets, us and our borrowers;
+Added: • The impact of inflation, geopolitical instability, interest rate fluctuations, new trade policies, tariffs and economic recession or downturn on the CRE industry generally and specific CRE sectors applicable to our investments and lending markets, us and our borrowers;
• Fluctuations in interest rates and credit spreads may reduce the returns we may receive on our investments and increase our borrowing costs;
8 unchanged sentences
• The extent to which we earn and receive origination, extension, exit, prepayment or other fees we may earn from our investments;
−Removed: • Yields that may be available to us from mortgages on middle market and transitional CRE;
+Added: • Yields that may be available to us from mortgages on middle market transitional CRE;
• The duration and other terms of our loan agreements with borrowers and our ability to match our loan investments with our repurchase lending arrangements;
+Added: Tab le of Contents
• The credit qualities of our borrowers;
23 unchanged sentences
Except as required by law, we do not intend to update or change any forward-looking statements as a result of new information, future events or otherwise.
+Added: Tab le of Contents
Statement Concerning Limited Liability
2 unchanged sentences
All persons or entities dealing with Seven Hills Realty Trust, in any way, shall look only to the assets of Seven Hills Realty Trust for the payment of any sum or the performance of any obligation.
+Added: Tab le of Contents
Other Information
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.