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Jonestrading reiterated coverage of Tremont Mortgage Trust with a rating of Buy and set a new price target of $8.50 from $5.50 previously
Jonestrading reiterated coverage of Tremont Mortgage Trust with a rating of Buy and set a new price target of $8.50 from $5.50 previously
JonesTrading reiterated coverage of Tremont Mortgage with a rating of Buy and set a new price target of $8.50 from $5.50 previously
The Combined Company Will Be Renamed Seven Hills Realty Trust and will Begin Trading on the Nasdaq under the Ticker Symbol "SEVN" on October 1st RMR Mortgage Trust (NASDAQ:RMRM) today announced that it has completed its merger with Tremont Mortgage Trust (NASDAQ:TRMT). In connection with the merger, the combined company changed its name to "Seven Hills Realty Trust." The company will begin trading on the Nasdaq under the ticker symbol "SEVN" on October 1, 2021. For more information about SEVN, please visit www.SEVNreit.com. Concurrent with the merger, SEVN's manager, Tremont Realty Advisors LLC, has changed its name to "Tremont Realty Capital." Tom Lorenzini, President of SEVN, made the
RMR Mortgage Trust (NASDAQ:RMRM) today announced the closing of a $16.5 million first mortgage floating-rate bridge loan to finance the acquisition of City Center Crossing, a grocery anchored retail center located at 6331 Roswell Road in the Sandy Springs submarket of Atlanta, Georgia. An initial advance of $14.8 million was funded at closing with future advances of approximately $1.7 million available for tenant improvements and leasing commissions. The loan is structured with a three-year initial term and two one-year extension options, subject to the borrower meeting certain requirements. RMRM's manager, Tremont Realty Capital, was introduced to the transaction by the sponsor, First Nat
Shareholders Approve the Merger with RMR Mortgage Trust to Form a Combined Company Named Seven Hills Realty Capital Merger Expected to Create a Diversified Commercial Mortgage REIT with Fully Invested Total Assets Expected to Approach $1 Billion Tremont Mortgage Trust (NASDAQ:TRMT) announced the results of its special meeting of shareholders held on Friday, September 17, 2021, as follows. Shareholders approved the merger of TRMT with and into RMR Mortgage Trust (NASDAQ:RMRM), or the Merger, with 59.1% of the outstanding shares voting in favor. TRMT expects the Merger to become effective on September 30, 2021, subject to the satisfaction or waiver of the closing conditions specified in th
Tremont Mortgage Trust (NASDAQ:TRMT) today announced the results of its 2021 Annual Meeting of Shareholders which was held today. Matthew P. Jordan was re-elected as a Managing Trustee. The final tabulation of the percentage of shareholders' votes cast for this Trustee is as follows: Trustee Percentage of Shares Voted – For Matthew P. Jordan 92.4% William A. Lamkin was re-elected as an Independent Trustee. The final tabulation of the percentage of shareholders' votes cast for this Trustee is as follows: Trustee Percentage of Shares Voted – For William A. Lamkin 89.2% Shareholders approved the Amended and Restated T
Cumulative Loan Originations Since September 2020 of $298 Million Second Quarter Net Income Per Common Share of $0.11 Second Quarter Distributable Earnings Per Common Share of $0.13 RMR Mortgage Trust (NASDAQ:RMRM) today announced financial results for the quarter and six months ended June 30, 2021. Tom Lorenzini, President of RMRM, made the following statement: "We continue to build momentum executing on RMR Mortgage Trust's new business plan focused on investing capital in first mortgage loans secured by middle market and transitional commercial real estate. During the second quarter, we closed two new loans totaling $73.5 million in commitments, utilized leverage to enhance portfol
Second Quarter Net Income Per Diluted Share of $0.01 Net Income Includes Merger Related Transaction Expenses of $0.22 per Diluted Share Second Quarter Adjusted Distributable Earnings Per Diluted Share of $0.25 Tremont Mortgage Trust (NASDAQ:TRMT) today announced financial results for the quarter and six months ended June 30, 2021. Tom Lorenzini, President of TRMT, made the following statement: "TRMT's portfolio continues to perform well as we execute on our business objective of investing capital in first mortgage loans secured by middle market and transitional commercial real estate. All our loans remain current on debt service and our portfolio risk ratings remain stable, which spea
Tremont Mortgage Trust (NASDAQ:TRMT) today announced a regular quarterly cash distribution on its common shares of $0.10 per common share ($0.40 per share per year). The distribution declared today will be paid to TRMT's common shareholders of record as of the close of business on July 26, 2021 and distributed on or about August 19, 2021. TRMT is a real estate finance company that originates and invests in first mortgage loans secured by middle market and transitional commercial real estate. TRMT is managed by an affiliate of The RMR Group Inc. (NASDAQ:RMR). Substantially all of RMR's business is conducted by its majority owned subsidiary, The RMR Group LLC, which is an alternative asset m
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