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Sachem Capital - SACH STOCK NEWS

Welcome to our dedicated page for Sachem Capital news (Ticker: SACH), a resource for investors and traders seeking the latest updates and insights on Sachem Capital stock.

Sachem Capital Corp. (SACH) is a leading real estate investment trust specializing in short-term bridge financing for opportunistic property transactions across New England. This dedicated news hub provides investors and industry professionals with timely access to official company announcements and market-relevant updates.

Our comprehensive collection of SACH news ensures you stay informed about critical developments including earnings reports, strategic acquisitions, regulatory filings, and management insights. Each update is curated to highlight operational milestones and financial positioning within the alternative lending sector.

Key content categories focus on essential business activities: quarterly financial disclosures, loan portfolio expansions, risk management practices, and executive leadership changes. This centralized resource eliminates the need to track multiple sources, providing reliable information directly from corporate communications.

Bookmark this page for streamlined access to Sachem Capital's latest press releases and verified news coverage. Regularly updated to reflect current developments, this hub serves as your primary reference for understanding SACH's evolving role in real estate finance markets.

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Sachem Capital Corp. (NYSE American: SACH), a real estate lender, reported its Q2 2024 financial results. Total revenue was $15.1 million, down from $16.3 million in Q2 2023. The company experienced a net loss of $4.1 million, or $0.09 per share, compared to a net income of $4.8 million, or $0.11 per share, in Q2 2023. This shift was primarily due to an $8.5 million provision for credit losses. Despite challenges, Sachem maintained a disciplined approach, reducing total indebtedness by $33.8 million. Total assets stood at $586.3 million, with net mortgages receivable at $485.7 million. The company paid a quarterly dividend of $0.08 per share and intends to continue operating as a REIT.

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Sachem Capital Corp (NYSE American: SACH) has announced the release date for its second quarter 2024 financial results. The company will disclose its earnings before market open on Wednesday, August 14, 2024. Following the release, Sachem Capital will host a webcast and conference call at 8:00 a.m. Eastern Time on the same day to discuss the results.

Investors can access the webcast through the company's website at www.sachemcapitalcorp.com. For those participating via telephone, the domestic dial-in number is 1-877-704-4453, while the international number is 1-201-389-0920. A playback of the conference call will be available until August 28, 2024, using the passcode 13746956.

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Sachem Capital Corp (NYSE American: SACH) has declared a quarterly dividend of $0.08 per share. The dividend will be paid to shareholders of record as of the close of trading on the NYSE American on July 29, 2024. The payment date for this dividend is set for August 6, 2024. This announcement demonstrates Sachem Capital's commitment to providing regular returns to its shareholders, maintaining its dividend distribution policy.

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Sachem Capital Corp. (NYSE American: SACH) announced the withdrawal of its planned debt offering, initially intended to be USD-denominated unsecured, unsubordinated notes due in five years.

The decision was made due to unfavorable market conditions regarding pricing, which the company deemed excessive and restrictive. CEO John Villano assured shareholders and noteholders that Sachem Capital has sufficient liquidity through its existing credit facilities and liquid mortgage portfolio. The company remains committed to its disciplined underwriting and loan origination processes to maximize risk-adjusted returns and protect capital. This move aims to safeguard the long-term interests of Sachem's business and its shareholders.

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Sachem Capital Corp. (NYSE American: SACH) has announced its intention to delist its 7.125% unsecured, unsubordinated Notes (ticker symbol: SCCB) from the NYSE American and deregister them under the Exchange Act of 1934. These Notes, due June 30, 2024, will be redeemed at par value plus accrued and unpaid interest up to the maturity date. The final trading day for the Notes will be June 28, 2024, and the final payment will be made on July 1, 2024, due to the maturity date falling on a non-trading day. Noteholders will be directly notified about the redemption process, and no further action is required on their part. Sachem Capital does not plan to list the Notes on another national securities exchange or quotation medium.

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Sachem Capital Corp. (NYSE American: SACH) announced a registered public offering of USD-denominated unsecured, unsubordinated Notes, due five years from issuance. The Notes are expected to be rated BBB+ by Egan-Jones Ratings Company, subject to market conditions. Egan-Jones is an independent rating agency recognized by the NAIC and ESMA. Oppenheimer & Co. Inc. will manage the offering as the sole-bookrunning manager. The SEC has declared the registration statement effective for this offering, which will be made only through a related prospectus supplement and accompanying base prospectus. Investors are advised to read these documents carefully before investing.

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Sachem Capital Corp. (NYSE American: SACH) has appointed Nicholas M. Marcello as Interim Chief Financial Officer, effective immediately. John Villano, CPA, will continue as CEO. Marcello, previously Vice President of Finance & Operations at Sachem, will oversee financial and capital markets activities, portfolio management, investments, foreclosures, workouts, legal, and HR. Marcello has extensive experience, having worked at Waypoint Real Estate Investments and PricewaterhouseCoopers LLP. He holds degrees from Providence College and Northeastern University. CEO John Villano expressed confidence in Marcello's financial expertise and value to the company.

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Sachem Capital Corp. reported its first-quarter results for 2024, showcasing a 17.0% revenue growth to $17.2 million. The company highlighted a focus on maintaining strong liquidity, growing borrower relationships, and protecting capital amidst economic uncertainties. Total revenue, interest income, and other income sources increased, while operating costs saw a rise primarily due to a provision for credit losses. Net income for common shareholders decreased to $3.6 million, or $0.08 per share, compared to the same period in 2023. The balance sheet remained stable, with total assets and liabilities showing consistency. Sachem Capital's strategic approach to debt repayment and shareholder equity growth was evident in the financial results.

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Sachem Capital Corp. (NYSE American: SACH) announced the first quarter 2024 financial results release on May 10, 2024, followed by a conference call at 8:00 a.m. Eastern Time. The webcast will be available on their website, and participants can dial in to join the call.

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FAQ

What is the current stock price of Sachem Capital (SACH)?

The current stock price of Sachem Capital (SACH) is $1.03 as of April 29, 2025.

What is the market cap of Sachem Capital (SACH)?

The market cap of Sachem Capital (SACH) is approximately 46.9M.
Sachem Capital

NYSE:SACH

SACH Rankings

SACH Stock Data

46.89M
45.01M
5.8%
22.48%
3.52%
REIT - Mortgage
Real Estate Investment Trusts
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United States
BRANFORD