That’s similar to how it was explained to me too: Jesus’ physical body is seated at the right hand of the Father. His sacramental presence in the Eucharist is something else, but just as much his Body, Blood, Soul and Divinity.
But doesn’t this statement, seem to put certain “conditions” on Our Lord’s ability to be BOTH seated next to His Father in Heaven… AND truly present in the Most Blessed Sacrament, in all the Tabernacles of the world? I mean, even some of the saints were reported to have “bi-located”. And they were mere humans! Jesus is God… so He can do anything! He can certainly be truly, really present in multiple locations at one time.
The following is from Fr. John Hardon S.J.; I found this to be a really complete and well phrased explanation of the Real Presence:
"The simplest way to express what Christ asks us to believe about the Real Presence is that the Eucharist is really He. The Real Presence is the real Jesus. We are to believe that the Eucharist began in the womb of the Virgin Mary; that the flesh which the Son of God received from His Mother at the Incarnation is the same flesh into which He changed bread at the Last Supper; that the blood He received from His Mother is the same blood into which He changed wine at the Last Supper. Had she not given Him His flesh and blood there could not be a Eucharist.
We are to believe that the Eucharist is Jesus Christ - simply, without qualification. It is God become man in the fullness of His divine nature, in the fullness of His human nature, in the fullness of His body and soul, in the fullness of everything that makes Jesus Jesus. He is in the Eucharist with His human mind and will united with the Divinity, with His hands and feet, His face and features, with His eyes and lips and ears and nostrils, with His affections and emotions and, with emphasis, with His living, pulsating, physical Sacred Heart. That is what our Catholic Faith demands of us that we believe. If we believe this, we are Catholic. If we do not, we are not, no matter what people may think we are".
To read more…
therealpresence.org/eucharst/realpres/a12.html
And, here is more Papal wisdom on the subject:
Pope Pius XII, Humani generis (1950):
“Some even say that the doctrine of transubstantiation, based on an antiquated philosophic notion of substance, should be so modified that the real presence of Christ in the Holy Eucharist be reduced to a kind of symbolism, whereby the consecrated species would be merely efficacious signs of the spiritual presence of Christ and of His intimate union with the faithful members of His Mystical Body.”
Pope Paul VI, Mysterium fidei (1965):
“This presence is called “real”—by which it is not intended to exclude all other types of presence as if they could not be “real” too, but because it is presence in the fullest sense: that is to say, it is a substantial presence by which Christ, the God-Man, is wholly and entirely present”.
Pope John Paul II, Catechism of the Catholic Church (1994):
CCC 1374 The mode of Christ’s presence under the Eucharistic species is unique. It raises the Eucharist above all the sacraments as “the perfection of the spiritual life and the end to which all the sacraments tend.” In the most blessed sacrament of the Eucharist “the body and blood, together with the soul and divinity, of our Lord Jesus Christ and, therefore, the whole Christ is truly, really, and substantially contained.”
God bless.