Seven Hills Realty Trust (NASDAQ:SEVN) Q1 2022 Earnings Conference Call April 28, 2022 11:00 AM ET

Company Participants

Kevin Barry - Director, IR

Thomas Lorenzini - President

Douglas Lanois - CFO and Treasurer

Conference Call Participants

Christopher Muller - JMP Securities

Matthew Erdner - JonesTrading Institutional Services

Operator

Good morning, and welcome to the Seven Hills Realty Trust First Quarter 2022 Earnings Conference Call. [Operator Instructions]. Please note, this event is being recorded.

I would now like to turn the call over to Kevin Barry, Director of Investor Relations. Please go ahead.

Kevin Barry

Thank you, and good morning, everyone. Thanks for joining us today. With me on the call are our President, Tom Lorenzini; the Chief Financial Officer and Treasurer, Doug Lanois. In just a moment, they will provide details about our business and our performance for the first quarter of 2022. We will then open the call to a question-and-answer session with sell-side analysts.

First, I would like to note that the recording and retransmission of today's conference call is strictly prohibited without Seven Hills Realty Trust's prior written consent. Also note that today's conference call contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. These forward-looking statements are based on Seven Hill's beliefs and expectations as of today, Thursday, April 28, 2022, and actual results may differ materially from those that we project. The company undertakes no obligation to revise or publicly release the results of any revision to the forward-looking statements made in today's conference call.

Additional information concerning factors that could cause those differences is contained in our filings with the Securities and Exchange Commission or SEC, which can be accessed from the SEC's website. Investors are cautioned not to place undue reliance upon any forward-looking statements.

In addition, we will be discussing non-GAAP numbers during this call, including distributable earnings, distributable earnings per share, adjusted distributable earnings, adjusted distributable earnings per share and adjusted book value per share. For a reconciliation of GAAP to non-GAAP financial measures, please see our quarterly earnings release, which is available on our website.

I will now turn the call over to Tom.

Thomas Lorenzini

Thank you, Kevin. Good morning, everyone, and welcome to the first quarter earnings call for Seven Hills Realty Trust. After a productive and transformative year for our company in 2021, we continue to build on our momentum and execute against our key priorities, focused on fully deploying our capital to nearly $1 billion in assets, increasing and diversifying our capital base with additional debt capacity and increasing returns to our shareholders. I'm pleased to report that we are off to a great start this year, making progress in each of these areas.