SACH
Sachem Capital Corp.1.0200
-0.0600-5.56%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
48.64MP/E (TTM)
-Basic EPS (TTM)
-0.78Dividend Yield
0.19%Recent Filings
8-K
8-K
10-Q
Q3 FY2025 results
Sachem Capital's Q3 FY2025 results showed revenue dipping 18.8% y/y to $12.0M, driven by a smaller loan portfolio and elevated nonperformers, yet operating loss narrowed sharply to $(0.4)M from $(4.8)M thanks to a 90% drop in credit provisions to $0.8M. Interest income fell 27.1% y/y to $8.3M amid $375.2M in loans (down slightly y/y), but net income swung positive at $1.0M versus a $5.1M loss last year, with diluted EPS at $0.00 (derived from 46.9M shares). Cash stood at $11.2M, free cash flow not disclosed in the 10-Q; debt mix shifted with $90M senior secured notes issued in June 2025 (9.875% due 2030) to repay $56.8M maturing notes, leaving total debt at $298.0M while maintaining covenant compliance. Non-GAAP metrics not disclosed in the 10-Q. Elevated nonperforming loans remain a key risk, comprising 27.7% of the portfolio.
8-K
Walraven promoted to permanent CFO
Sachem Capital promoted Jeffery C. Walraven to Executive Vice President and permanent Chief Financial Officer effective September 1, 2025, after his interim role since December 2024; he resigned from the board. The move secures seasoned financial leadership for the REIT's lending operations. Walraven's package includes $600,000 base salary, 50% target cash bonus, $250,000 annual equity target, plus a $50,000 cash payment and $300,000 restricted stock grant vesting in 2028. Board declared $0.05 common and $0.484375 preferred dividends, payable September 30 to September 15 record holders. Leadership stability bolsters execution, yet ties Walraven tightly to performance.
8-K
Sachem swings to Q2 profit
Sachem Capital reported Q2 2025 net income of $0.8 million, or $0.02 per share, swinging from a $4.1 million loss last year, as revenue dipped to $10.8 million from $15.1 million amid a $121.2 million drop in net loans to $364.5 million due to lower originations and elevated nonperformers. Total assets climbed to $501.8 million, bolstered by closing a $100 million senior secured notes private placement due 2030, enhancing liquidity for repayments and new lending. Yet nonperforming loans linger at $119.6 million gross, curbing growth.
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