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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) has announced the partial exercise of an overallotment option for its public offering of 1,700,000 shares of 7.75% Series A Cumulative Redeemable Preferred Stock, closing on June 29, 2021. The additional purchase of 203,000 shares will generate approximately $4.9 million in net proceeds. The total net proceeds from the offering are expected to be $45.4 million, intended for working capital, primarily new real estate loans. The Series A Preferred Stock is rated 'BBB' and will begin trading on July 6, 2021.

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Sachem Capital Corp. (NYSE American: SACH) has completed an underwritten public offering of 1,700,000 shares of its 7.75% Series A Cumulative Redeemable Preferred Stock, raising $42.5 million, with net proceeds anticipated to be around $40.5 million. The shares are priced at $25.00 each, and a 30-day underwriters' option for an additional 255,000 shares is available. The Series A Preferred Stock received a 'BBB' rating and is set to trade on NYSE American under symbol 'SACHPRA' starting July 6, 2021. Proceeds will primarily fund new real estate loans and potential acquisitions.

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Sachem Capital Corp. (SACH) has initiated an underwritten public offering of its Series A Cumulative Redeemable Preferred Stock. The specific terms, including the number of shares and dividend rate, will be determined through negotiations. The Series A Preferred Stock, rated 'BBB' by Egan-Jones Ratings, is expected to be listed on NYSE American within 30 days after issuance. A 30-day overallotment option will also be granted to underwriters. Investors are advised to review the preliminary prospectus for comprehensive details.

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Sachem Capital Corp. (SACH) reported a strong financial performance for Q1 2021, with total revenue increasing by 32.5% to approximately $5.7 million, driven by a 56% surge in interest income. Net income remained stable at approximately $2.2 million. Despite elevated operating costs linked to increased debt, the company is strategically expanding its mortgage loan portfolio beyond Connecticut. The solid loan repayment and new funding figures signal robust market demand. A quarterly dividend of $0.12 per share was declared, highlighting commitment to shareholders.

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Sachem Capital Corp. (NYSE American: SACH) has appointed William C. Haydon as Chief Investment Officer and Director of Investor Relations. Mr. Haydon brings over 25 years of experience in finance and capital markets to his new role, where he will manage the company's liquid reserves and securities portfolio. CEO John Villano emphasized Haydon's knowledge in lending and asset management, anticipating his contributions will enhance investor relations and support the company's growth.

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Sachem Capital Corp. (SACH) has declared a quarterly dividend of $0.12 per share, set to be paid on April 16, 2021, to shareholders of record as of April 12, 2021. The company highlights its strong business operations and loan pipeline amid the COVID-19 pandemic, continuing to expand in traditional and new markets like Florida. Sachem Capital focuses on mortgage loans secured by real property, primarily serving real estate investors and developers. Operating as a REIT since 2017, the firm aims for attractive risk-adjusted returns.

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Sachem Capital Corp. (SACH) reported a significant increase in financial performance for 2020, with total revenue rising by 46.5% to $18.6 million and net income up 45% to $9.0 million compared to 2019. The fourth quarter alone saw a 98% revenue increase to $5.7 million and net income increased by 150% to $2.3 million. Total assets grew by 61% to $226.7 million, largely due to a 65% increase in mortgage loans. Despite higher operating costs, the company aims to continue its growth trajectory in 2021. A conference call is scheduled for April 1, 2021, to discuss these results and outlook.

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Sachem Capital Corp. (NYSE American: SACH) has successfully completed an additional sale of $3 million in 7.75% unsecured unsubordinated notes due 2025, raising the total offering to $28 million. The notes were sold at a 1% discount, resulting in gross proceeds of $27.72 million. Combined with previous issuances, the total principal of the 2025 Notes now stands at $56.36 million. The company specializes in short-term secured loans for real estate investors, primarily in Connecticut, and has elected to be taxed as a REIT since 2017.

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Sachem Capital Corp. (NYSE American: SACH) has declared a quarterly dividend of $0.12 per share to shareholders recorded as of December 31, 2020, payable on January 8, 2021. This dividend brings the total for 2020 to $0.48 per share, showcasing the company's resilience during the COVID-19 pandemic. Additionally, Sachem completed a $25 million public offering of 7.75% notes due 2025, with an additional $3 million from overallotment, enhancing its financial capacity to meet market demand for its loan products.

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FAQ

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

The current stock price of Sachem Capital (SACH) is $1.05 as of April 28, 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