SACH Research | Milton Maxwell

SACH

Sachem Capital Corp.

1.0200

-0.0600-5.56%

Dec 16, 4:00:00 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

No earnings call transcript available

Key Stats

Market Cap

48.64M

P/E (TTM)

Basic EPS (TTM)

-0.78

Dividend Yield

0.19%

Recent Filings

10-K

FY2025 results

3/13/26Mar 13, 2026

Sachem Capital swung to net income of $6.3 million for FY2025 ended December 31, 2025, versus a $39.6 million loss in 2024, as credit provisions plunged 88% to $3.3 million while net interest income fell 43% to $11.7 million on average loans of $376 million (down from $469 million). Loan portfolio held steady at $377 million with rates up to 13.1%, but nonperformers swelled to 31% of balances; disbursements slowed to $153 million from $134 million. Q4 stabilized with moderated provisioning and $90 million in new senior secured notes due 2030 replacing maturing debt, trimming leverage to 61%. Yet nonaccrual resolution drags. Debt matures heavily in 2026-27. Nonperforming loans hit record highs.

8-K

Declares common, preferred dividends

3/5/26Mar 5, 2026

Sachem Capital declared a quarterly $0.05 common share dividend, payable March 30, 2026 to March 15 record holders. Preferred Series A gets $0.484375 per share, covering full accrual from December 30, 2025 to March 29, 2026. Steady payouts signal confidence. Forward-looking statements note risks per 10-K.

8-K

Sachem boosts liquidity, grabs Naples assets

2/18/26Feb 18, 2026

Sachem Capital sold its Westport office for $19.9M net proceeds and $4.0M book gain on Dec. 31, 2025, boosting liquidity. It swapped a $39.9M Naples loan for control of condos via noncash exchange on Feb. 5, 2026, handing management to Urbane Capital. Full-year 2025 net income eyes $0.01-$0.04/share; book value $2.43-$2.46/share. Portfolio sharpened.

8-K

Credit facility extended to 2028

1/22/26Jan 22, 2026

Sachem Capital extended its $50 million Needham Credit Facility maturity from March 2, 2026, to March 2, 2028, with a conditional one-year extension to 2029, via Amendment No. 2 signed January 21, 2026. All other terms unchanged; paid $150,000 extension fee. Buys two extra years of liquidity.

8-K

Declares common, preferred dividends

12/5/25Dec 5, 2025

Sachem Capital declared a quarterly $0.05 common share dividend and $0.484375 per share on 7.75% Series A Preferred Stock, both payable December 30, 2025, to holders of record December 15. The preferred payout covers full accrual from September 30 through December 29. Dividends steady. Forward-looking statements note risks per recent SEC filings.

About

Sachem Capital Corp. operates as a real estate finance company in the United States. It engages in the originating, underwriting, funding, servicing, and managing of a portfolio of short-term loans secured by first mortgage liens on real property. The company also offers non-bank loans. It serves real estate investors and developers to fund their acquisition, renovation, rehabilitation, development, and improvement of residential or commercial properties. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. The company was formerly known as HML Capital Corp. and changed its name to Sachem Capital Corp. in December 2016. The company was founded in 2010 and is headquartered in Branford, Connecticut.

CEO

Mr. John L. Villano CPA

IPO

2/10/2017

Website

https://www.sachemcapitalcorp.com

Employees

Sector

Real Estate

Industry

REIT - Mortgage