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Sachem Capital Corp
AMEX:SACH

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Sachem Capital Corp
AMEX:SACH
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Price: 1.07 USD 2.88% Market Closed
Market Cap: 51m USD

Sachem Capital Corp
Investor Relations

Sachem Capital Corp. is a real estate finance company, which engages in the provision of real estate investment trust services. The company is headquartered in Branford, Connecticut and currently employs 19 full-time employees. The company went IPO on 2017-02-10. The firm specializes in originating, underwriting, funding, servicing and managing a portfolio of short-term loans secured by first mortgage liens on real property located primarily in Northeastern United States and Florida. The Company’s lending programs fix and flip loans, real estate loans, bridge loans, new construction loans and distressed/foreclosure loans. The Company’s primary objective is to grow its loan portfolio while protecting and preserving capital in a manner that provides for attractive risk-adjusted returns to shareholders over the long term through dividends. The firm intends to achieve the objective by continuing to focus on selectively originating, managing and servicing a portfolio of mortgage real estate loans designed to generate risk-adjusted returns across a variety of market conditions and economic cycles.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 5, 2025
AI Summary
Q3 2025

Revenue: Third quarter revenue was $12 million, up 11.4% sequentially from Q2 2025, but down from $14.8 million in Q3 2024.

Credit Costs: Provision for credit losses declined significantly to $0.8 million from $8.1 million a year ago as reserves stepped down.

Nonperforming Loans: Nonperforming loan balances fell to $104.1 million gross ($93 million net), down both quarter-over-quarter and year-over-year.

Liquidity Actions: Company repaid and delisted $56.3 million of 7.75% notes, increasing financial flexibility and extending debt maturities.

Book Value: Book value per share was $2.47, a 2.8% decrease from June 30, 2025, mainly due to dividends exceeding net income.

Naples Exposure: Naples loans represent about $50 million (13.4%) of the mortgage portfolio and remain a substantial portion of NPLs; a key mediation event is scheduled for November.

Dividend Policy: Dividends were paid in September; future dividends will continue to be reviewed quarterly by the Board.

Key Financials
Revenue
$12 million
Book Value Per Share
$2.47
Net Income
$1 million
Net Loss to Common Shares
$0.12 million or $0.00 per share
Provision for Credit Losses
$0.8 million
Operating Expenses
$12.4 million
Interest Expense
$6.6 million
Compensation and Benefits
$2.3 million
Allowance for Credit Losses on Loans
$11.1 million
Nonperforming Loans (Gross)
$104.1 million
Nonperforming Loans (Net)
$93 million
REO
$18.9 million
Cash
$11.2 million
Total Assets
$484.4 million
Liabilities
$308.8 million
Asset to Liability Coverage
1.57x
Loan Disbursements
$44.7 million
Principal Collected on Loans
$40.7 million
Principal Converted to REO via Foreclosure
$10.9 million
First Lien Loans Outstanding
119 loans, $375.2 million gross principal, $361.7 million net
Weighted Average Contractual Rate
13.21%
Weighted Average Remaining Term
6 months
Unfunded Commitments
$47 million
Shem Creek LLC Revenue
$1.1 million
Shem Creek LLC Carrying Value
$38.6 million
Dividend Per Common Share
$0.05
Dividend Per Series A Preferred Share
$0.484375
Earnings Call Recording
Other Earnings Calls

Management

Mr. John L. Villano CPA, CPA
Chairman, CEO & President
No Bio Available
Mr. Nicholas M. Marcello
Chief Financial Officer
No Bio Available
Mr. Eric O'Brien
Senior Vice President of Asset Management
No Bio Available

Contacts

Address
CONNECTICUT
Branford
698 Main St
Contacts