Sachem Capital

Sachem Capital Corp. is a real estate finance company, which engages in the provision of real estate investment trust services. The firm specializes in originating, underwriting, funding, servicing, and managing services for a portfolio of short-term loans. It offers short-term, secured, and non-banking loans to real estate investors to fund their acquisition, renovation, rehabilitation, or development of residential and commercial properties. The company was founded by Jeffrey C. Villano and John L. Villano in January 2016 and is headquartered in Branford, CT.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Sachem Capital reports record revenue and net income growth in 2022

Sachem Capital's 2022 performance showcased robust revenue growth and increased net income. The company navigated challenges effectively while leveraging its strengths in the mortgage market. Opportunities lie in optimizing loan portfolio and reducing REO.

Sachem Capital posts strong Q1 results, focuses on prudent lending

Sachem Capital's Q1 2023 showcased impressive revenue growth, prudent lending practices, and a focus on strengthening its balance sheet. While challenges exist with rising costs and non-accrual loans, the company's diversified portfolio and liquidity position it well for future uncertainties.

Sachem Capital reports robust Q2 earnings, eyes strategic growth opportunities

Sachem Capital delivered strong financial results in Q2 2023, driven by revenue growth and prudent financial management. With a focus on conservative loan originations and a robust balance sheet, the company remains well-positioned for long-term success. Challenges in loan delinquencies and economic uncertainties require strategic planning and risk management.

Sachem Capital reports robust Q3 earnings and strengthens loan portfolio

Sachem Capital delivered strong financial performance in Q3 2023, driven by revenue growth and effective cost management.
The company's focus on reducing nonperforming loans and maintaining liquidity positions it well for future growth.
While challenges persist, Sachem Capital's strategic strengths and opportunities position it favorably in the lending market.

Sachem Capital reports revenue growth amidst market challenges in 2023

Sachem Capital navigated market challenges to achieve revenue growth in 2023, emphasizing high-quality loan origination and effective portfolio management. Despite facing impairments and lower net income, the company maintained strong liquidity and credit quality.
With a strategic focus on residential and multifamily properties, Sachem Capital aims to capitalize on opportunities for growth and diversification while addressing challenges posed by rising interest rates and material costs.

Sachem Capital reports Q2 revenue of $15.1M, navigates market challenges

Sachem Capital faces challenges in credit losses and operating costs but maintains a strong loan portfolio.
The company's defensive strategy aims to navigate current market conditions for future growth.
Investors should monitor Sachem's liquidity management and underwriting practices closely.

Sachem Capital reports Q3 revenue decline, plans debt management

Sachem Capital faced revenue decline and increased costs in Q3 2024 but took steps to recover through mortgage loan sales and strategic investments. The company's focus on managing debt maturities and addressing analyst inquiries indicates a proactive approach to financial challenges.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Boston Properties

Kilroy Realty

MGM Growth Properties

NewLake Capital Partners, Inc.

NETSTREIT Corp

Realty Income Corp

Omega Healthcare Investors

Phillips Edison & Co Inc

Power REIT

Rithm Property Trust Inc

Simon Property Group

STORE Capital

Vici Properties

Vanguard Real Estate ETF

One of the biggest lessons I've learned during my 30-plus year real estate investing career is to maintain adequate diversification. Almost all billionaires have experienced losses before they became ultra-wealthy.

My No. 1 REIT Pick(s) In 2022 May Surprise You

Babcock & Wilcox Enterprises

DTE Energy

DTE Energy Company 6 % Debentures 2016-15.12.76 Series F

Ellington Financial

Esports Entertainment Group

Green Brick Partners

OFS Credit Company Inc

OFS Credit Company Inc - 6.875% PRF REDEEM 31/03/2024 USD 25 - Ser A

B. Riley Financial

Skylight Health Group

SuRo Capital

As December 2021 comes to a close, we look back at the new preferred stocks and ETDs introduced during the month, offering annual yields ranging from 4.375% to 10%.

New Preferred Stock IPOs, December 2021

BRANFORD, Conn., Dec. 29, 2021 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH; SCCD) has sold an additional $6.75 million original principal amount of its 6.0% unsecured, unsubordinated notes due 2026 (the “Notes”) pursuant to the exercise of the underwriters' over-allotment option from the previously announced registered public offering, bringing the total gross proceeds of the offering to $51.75 million, and net proceeds to $49.83 million after payment of underwriting discounts and commissions and estimated offering expenses payable by Sachem Capital Corp.

Sachem Capital Corp. Announces Sale of an Additional of $6.75 Million of 6.0% Notes Due 2026 from Exercise of Over Allotment Option

We're recommending over-weighting REITs in 2022. The sector is in the middle of a “renaissance,” with the industry transitioning into a survival-of-the-fittest mode of operation.

2022 REIT Renaissance: Our Top 12 Picks Revealed

BRANFORD, Conn., Dec. 20, 2021 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announces the closing of its previously announced registered public offering of $45.0 million aggregate principal amount of 6.0% unsecured, unsubordinated notes due 2026 (“Notes”). The net proceeds of the offering to Sachem Capital Corp. are expected to be approximately $43.3 million after payment of underwriting discounts and commissions and estimated offering expenses payable by Sachem Capital Corp.

Sachem Capital Corp. Announces Closing of Public Offering of $45 Million of 6.0% Notes

BRANFORD, Conn., Dec. 14, 2021 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announces the pricing of a registered public offering of $45.0 million aggregate principal amount of 6.0% unsecured, unsubordinated notes due 2026 (“Notes”). The net proceeds of the offering to Sachem Capital Corp. are expected to be approximately $43.3 million after payment of underwriting discounts and commissions and estimated offering expenses payable by Sachem Capital Corp.

Sachem Capital Corp. Prices Registered Public Offering of $45 Million of 6.0% Notes

We're introducing Sachem Capital to our coverage spectrum at iREIT on Alpha.

Sachem Capital: My Oh My, Another Strong Buy

The Company encourages all shareholders who have not yet voted on Proposal 2 to do so by  11:59 PM EST on November 23, 2021

Sachem Capital Adjourns Meeting of Shareholders Until November 24, 2021

Conference Call and Webcast to be held at 8:00 AM EDT on Friday, November 5, 2021 Conference Call and Webcast to be held at 8:00 AM EDT on Friday, November 5, 2021

Sachem Capital Reports 100% Revenue Growth and Net Income of $3.4 Million for the Third Quarter of 2021

Sachem Capital Corp. (SACH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Sachem Capital Corp. (SACH) to Report a Decline in Earnings: What to Look Out for

BRANFORD, Conn., Oct. 15, 2021 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (“Sachem”) (NYSE American: SACH), today announced that Bill Haydon, Chief Investment Officer and Director of Investor Relations of Sachem Capital Corp., will present at the Dawson James Securities Small Cap Growth Conference being held on October 21, 2021 at the Wyndham Grand Hotel in Jupiter, Florida.

Sachem Capital to Present at Dawson James Securities 6th Annual Small Cap Growth Conference on October 21, 2021

BRANFORD, Conn., Oct. 14, 2021 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announced today that its board of directors authorized and declared a quarterly dividend of $0.12 per share to be paid to shareholders of record as of the close of trading on the NYSE American on October 25, 2021. The dividend will be payable on October 29, 2021.

Sachem Capital Corp. Announces Quarterly Dividend of $0.12 Per Share

Vote on Proposal to Increase Authorized Capital Adjourned and Rescheduled for November 3, 2021

Sachem Capital Shareholders Re-elect Board

BRANFORD, CT / ACCESSWIRE / September 30, 2021 / Sachem Capital Corp. ("Sachem") (NYSE American:SACH), today announced that the Company has been invited to present at the Fall Harvest - Best Ideas from the Buy-Side conference, which is being held virtually on October 5 - 8, 2021. Bill Haydon, Chief Investment Officer and Director of Investor Relations at Sachem Capital Corp., will present at the conference.

Sachem Capital to Present at Microcap Rodeo's Fall Harvest - Best Ideas from the Buy-Side on Tuesday, October 5, 2021

SACH always has been attractive as a high-yielding REIT with an underleveraged balance sheet and an interesting and potentially very profitable business model. Recent moves by management are converting SACH into a stock that also will have the ability to grow earnings, book value, and its stock price without sacrificing its generous dividend.

Grossly Undervalued 9% Yield REIT, Set To Soar: Sachem Capital

BRANFORD, Conn., Sept. 08, 2021 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (“Sachem”) (NYSE American: SACH), today announced that Bill Haydon, CIO, CCO, and Director of Investor Relations of Sachem Capital, will be presenting at the H.C. Wainwright 23rd Annual Global Investment Conference being held virtually between September 13-15, 2021.

Sachem Capital to Present at the H.C. Wainwright 23rd Annual Global Investment Conference

The company is still not earning the dividend, despite growing the loan book.

Waiting For Godot With Sachem Capital

Sachem Capital Corp. (SACH) CEO John Villano on Q2 2021 Results - Earnings Call Transcript

Conference Call and Webcast to be held at 8:00 AM EDT on Tuesday, August 17, 2021 Conference Call and Webcast to be held at 8:00 AM EDT on Tuesday, August 17, 2021

Sachem Capital Reports Revenue Growth of 56% for Q2 2021

Provides low-cost, non-dilutive funding to support continued expansion of lending activities

Sachem Capital Announces $200 Million Master Repurchase Financing Facility with Churchill MRA Funding

BRANFORD, Conn., July 14, 2021 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) today announced that Sachem Acquisition Corp. (“SAC”), a Maryland corporation organized as a special purpose acquisition company, filed a Registration Statement on Form S-1 (the "Registration Statement") with the Securities and Exchange Commission (“SEC”) in connection with a proposed initial public offering of its units. Sachem Capital Corp. currently owns 100% of SAC through a subsidiary limited liability company. While SAC is not limited in terms of seeking acquisition targets, it intends to focus on businesses within the real estate sector, including real estate finance and real property ownership and management.

Sachem Capital Corp. Announces Filing of SPAC Registration Statement by Sachem Acquisition Corp.

BRANFORD, Conn., July 01, 2021 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) today announced that in connection with its previously disclosed public offering of 1,700,000 shares of its 7.75% Series A Cumulative Redeemable Preferred Stock (the “Series A Preferred Stock”) that closed on June 29, 2021, the underwriters of such offering have partially exercised their overallotment option to purchase an additional 203,000 shares of Series A Preferred Stock. The partial exercise of the overallotment option will generate net proceeds to the Company of approximately $4.9 million after payment of underwriting discounts and commissions. Closing on the overallotment shares is expected to occur Friday, July 2, 2021.

Sachem Capital Corp. Announces Partial Exercise of Overallotment Option From Public Offering of Preferred Stock

Atlanticus Holdings

Bank of Hawaii

Carlyle Group

Clarivate Plc

CMS Energy

Great Elm Capital

Gladstone Commercial

Gladstone Commercial Corp 7 1/2 % Cum Red Pfd Shs Series B

Harbor Custom Development, Inc.

Public Storage

Prospect Capital

Ready Capital Corp

Presidio Property Trust

TPG RE Finance Trust

As June 2021 comes to a close, we look back at the new preferred stocks and ETDs introduced during the month, offering annual yields ranging from 4% to 9.375%.

New Preferred Stock IPOs, June 2021

BRANFORD, Conn., June 29, 2021 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) today closed the underwritten public offering of 1,700,000 shares of its 7.75% Series A Cumulative Redeemable Preferred Stock (the “Series A Preferred Stock”) at a public offering price of $25.00 per share, or $42.5 million in the aggregate. Net proceeds to the company, after payment of underwriting discounts and commissions and estimated offering expenses payable by the company, are expected to be approximately $40.5 million. In addition, the company has granted the underwriters a 30-day option to purchase up to an additional 255,000 shares of Series A Preferred Stock on the same terms and conditions to cover overallotments, if any.

Sachem Capital Corp. Announces Closing of $42.5 Million Public Offering of Preferred Stock

BRANFORD, Conn., June 23, 2021 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) today announced that it has priced an underwritten public offering of 1,700,000 shares of its 7.75% Series A Cumulative Redeemable Preferred Stock (the “Series A Preferred Stock”) at a public offering price of $25.00 per share, which will result in net proceeds to the Company of approximately $40.8 million after payment of underwriting discounts and commissions and estimated offering expenses payable by the Company. The Series A Preferred Stock has a private credit rating of ‘BBB' from Egan-Jones Ratings Company, an independent unaffiliated rating agency. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 255,000 shares of Series A Preferred Stock on the same terms and conditions to cover overallotments, if any.

Sachem Capital Corp. Prices Offering of Preferred Stock

News for Sachem Capital Stock (SACH)