Sachem Capital Stock Price, News & Analysis

Sachem Capital Corp (NYSE: SACH), a real estate lender specializing in first mortgage loans, reported its Q1 2025 financial results. Total revenue declined to $11.4 million from $16.8 million in Q1 2024, primarily due to reduced loan originations and elevated nonperforming loans. The company reported a net loss of $213,000 ($0.00 per share) compared to net income of $3.6 million ($0.08 per share) in Q1 2024. Operating expenses decreased to $10.4 million from $12.5 million year-over-year. Total assets remained stable at $491.4 million, with total liabilities of $312.1 million. Book value per share decreased to $2.57 from $2.64 at year-end 2024. The company maintained its REIT status and paid dividends of $0.05 per common share and $0.484375 per Series A Preferred Share in March 2025.

Sachem Capital (NYSE American: SACH) has scheduled its first quarter 2025 financial results announcement for Thursday, May 1, 2025, before market open. The company will host a conference call and webcast on the same day at 8:00 a.m. Eastern Time to discuss the results.

Investors can access the webcast through the company's website at www.sachemcapitalcorp.com. For telephone participation, domestic callers can dial 1-877-704-4453, while international callers should use 1-201-389-0920. A playback will be available until May 15, 2025, accessible via domestic (1-844-512-2921) and international (1-412-317-6671) numbers with passcode 13752977.

Sachem Capital Corp. (NYSE American: SACH) reported its financial results for the year ended December 31, 2024, showing significant challenges. Total revenue declined to $57.5 million from $64.7 million in 2023, while interest income decreased to $43.2 million from $49.3 million.

The company reported a net loss of $43.9 million ($0.93 per share) compared to net income of $12.1 million ($0.27 per share) in 2023. Total assets decreased to $492.0 million from $620.9 million, primarily due to a $130.5 million reduction in loans held for investment. Total liabilities reduced to $310.3 million from $390.8 million.

The company maintained its dividend payments, declaring a $0.05 quarterly dividend per common share and $0.484375 per Series A Preferred Stock share for March 2025.

Sachem Capital Corp (NYSE American: SACH) has declared a quarterly dividend of $0.05 per common share. The dividend will be paid to shareholders of record as of March 17, 2025, with payment scheduled for March 31, 2025.

The company also announced it will release its fourth quarter 2024 financial results before market open on March 27, 2025, followed by a webcast and conference call at 8:00 a.m. Eastern Time to discuss the results.

Sachem Capital Corp. (NYSE American: SACH) has released its tax treatment information for 2024 distributions on common and preferred stock. For common stock, the company paid total distributions of $0.24 per share, distributed across three payments: $0.11 (April), $0.08 (August), and $0.05 (November). All common stock distributions were classified as nondividend distributions.

For preferred stock, SACH distributed a total of $1.9375 per share through four quarterly payments of $0.484375 each, all classified as nondividend distributions. The company operates as a mortgage REIT, specializing in short-term secured loans for real estate investors, focusing on properties held for resale or investment with first mortgage liens.

Sachem Capital Corp. (NYSE American: SACH) has announced the scheduled maturity and full repayment of its 6.875% unsecured, unsubordinated Notes (ticker: SACC) on December 30, 2024. The company will redeem the Notes at par value plus accrued and unpaid interest. The final trading day for these Notes is expected to be December 27, 2024, after which no Notes will remain outstanding. Note holders do not need to take any action and will be directly notified about the redemption process details.

Sachem Capital Corp. (NYSE: SACH) announced a leadership transition as CFO Nicholas Marcello resigns to pursue opportunities outside the REIT industry. Board member Jeffrey C. Walraven has been appointed as Interim CFO, effective immediately. Marcello will assist with the transition through December 31, 2024.

The company confirms no disagreements regarding financial reporting or accounting practices. Walraven, who will remain on the board but resign from various committees, brings extensive REIT experience, having served as COO of Freehold Properties and previously as EVP and CFO of MedEquities Realty Trust. He has over 20 years of public accounting experience, particularly with publicly traded REITs.

Sachem Capital reported Q3 2024 financial results with total revenue of $14.8 million, down from $17.8 million in Q3 2023. The company posted a net loss of $6.1 million ($0.13 per share), compared to net income of $5.2 million ($0.12 per share) in Q3 2023. Interest income decreased to $11.4 million from $14.3 million, while operating expenses increased to $19.6 million from $11.3 million, primarily due to an $8.1 million provision for credit losses. Total assets decreased to $555.5 million from $625.5 million at year-end 2023. The company declared a quarterly dividend of $0.05 per share.

Sachem Capital (NYSE American: SACH) has declared a quarterly dividend of $0.05 per share, payable on November 26, 2024, to shareholders of record as of November 18, 2024. The company will release its third quarter 2024 financial results before market open on November 14, 2024, followed by a webcast and conference call at 8:00 a.m. Eastern Time to discuss the results. Investors can access the webcast through the company's website and participate in the conference call through provided domestic and international dial-in numbers.