Seven Hills Realty Trust (NASDAQ:SEVN) Q4 2023 Results Conference Call February 21, 2024 11:00 AM ET

Company Participants

Kevin Barry - Senior Director of Investor Relations

Tom Lorenzini - President and Chief Investment Officer

Fernando Diaz - Chief Financial Officer and Treasurer

Conference Call Participants

Matthew Erdner - JonesTrading

Chris Muller - Citizens JMP

Operator

Good day, and welcome to the Seven Hills Realty Trust Fourth Quarter 2023 Financial Results Conference Call. All participants will be in listen-only mode. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Kevin Barry, Senior 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 President and Chief Investment Officer, Tom Lorenzini; and Chief Financial Officer and Treasurer, Fernando Diaz. In just a moment, they will provide details about our business and our performance for the fourth quarter of 2023. 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 Hills' beliefs and expectations as of today, Wednesday, February 21, 2024, 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 and distributable earnings per share. A reconciliation of GAAP to non-GAAP financial measures can be found in our earnings release presentation that we issued last night, which can be found on our website, sevnreit.com.

I will now turn the call over to Tom.

Tom Lorenzini

Thanks, Kevin, and good morning, everyone. Thank you for joining our call today. Last evening, we reported strong fourth quarter results highlighted by the highest level of distributable earnings in our three-year history as a commercial mortgage REIT. We are proud of the work that we have done over these past few years and the value we have created for our shareholders.