Seven Hills Realty Trust (NASDAQ:SEVN) Q1 2024 Earnings Conference Call April 30, 2024 11:00 AM ET

Company Participants

Stephen Colbert - Director of IR
Tom Lorenzini - President and CIO
Fernando Diaz - CFO and Treasurer

Conference Call Participants

Matthew Erdner - JonesTrading
Chris Muller - Citizens JMP

Operator

Good morning, and welcome to the Seven Hills Realty Trust First Quarter 2024 Financial Results Conference Call. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. Please note, this event is being recorded.

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

Stephen Colbert

Good morning. Joining me on today's call are Tom Lorenzini, President and Chief Investment Officer; and Fernando Diaz, Chief Financial Officer and Treasurer.

Today's call includes a presentation by management, followed by a question-and-answer session with analysts. Please note that the recording, retransmission and transcription of today's conference call is prohibited without the prior written consent of the company.

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, April 30, 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 financial 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, which can be found on our website at sevnreit.com.

And with that, I will turn the call over to Tom.

Tom Lorenzini

Thanks, Stephen. Good morning, everyone, and thank you for joining our call today.

Last night, we reported strong first quarter results highlighted by distributable earnings per share that were above the high end of our guidance range. The continued strength and stability of Seven Hills' investment portfolio once again helped to deliver positive total shareholder returns that exceeded our NAREIT industry benchmark for the quarter.