Appoints Jeffrey C. Walraven Interim Chief Financial OfficerBRANFORD, Conn., Dec. 13, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE: SACH) (the “Company”), a mortgage REIT that specializes in originating, underwriting, funding, servicing, and managing a portfolio of loans secured by first mortgages on real property, announced today that it is appointing board of directors’ member and audit committee member Jeffrey C. Walraven, Interim Chief Financial Officer. Nicholas Marcello, the Company’s Chief Fin ...

Exhibit 99.1 SACHEM CAPITAL SACHEM CAPITAL REPORTS THIRD QUARTER 2024 RESULTS – REPORTS QUARTERLY REVENUES OF $14.8 MILLION - Company to Host Webcast and Conference Call - BRANFORD, Conn., November 14, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH), a real estate lender specializing in originating, underwriting, funding, servicing, and managing a portfolio of loans secured by first mortgages on real property, today announced its financial results for the third quarter ended September 30 ...

Sachem Capital Corp. (NYSE:SACH) Q3 2024 Earnings Conference Call November 14, 2024 8:00 AM ET Company Participants Stephen Swett - Investor Relations John Villano - Chairman, Chief Executive Officer and President Nick Marcello - Chief Financial Officer Conference Call Participants Gaurav Mehta - Alliance Global Partners Matthew Erdner - JonesTrading Jonathan Jenkins - Oppenheimer Chris Muller - Citizens JMP Christopher Nolan - Ladenburg Thalmann Operator Greetings and welcome to Sachem Capital Corp. Third ...

Sachem Capital Corp. (SACH) came out with a quarterly loss of $0.13 per share versus the Zacks Consensus Estimate of $0.09. This compares to earnings of $0.12 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -244.44%. A quarter ago, it was expected that this company would post earnings of $0.11 per share when it actually produced a loss of $0.09, delivering a surprise of -181.82%.Over the last four quarters, the company has not ...

Table of Contents As of November 13, 2024, the Issuer had a total of 49,965,306 common shares, $0.001 par value per share, outstanding. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File ...

BRANFORD, Conn., Sept. 11, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announced today it has acquired a 20% membership interest for $5 million in Shem Creek Capital, LLC, the third-party management company of the Shem Creek ("Shem") private credit funds. Sachem also has the option to acquire up to an additional 10% membership interest in Shem, by early 2027, at a set valuation. Shem, established in 2008, is a commercial real estate finance company with a focus on providing debt capi ...

BirdImages/E+ via Getty Images Sachem Capital (NYSE:SACH) last declared a quarterly cash dividend of $0.08 per share, a 27.3% dip from is prior quarter and $0.32 per share annualized for a 13.28% dividend yield. The dividend cut was coming, flagged in my last article on the mortgage R.EIT. SACH has now shed 30% of its value over the last 1-year, led by a sustained dip in book value which stood at roughly $3.76 per share at the end of the fiscal 2024 second quarter. Critically, there might be more dividend c ...

Ashi Sae Yang/iStock via Getty Images Introduction I have been keeping track of Sachem Capital (NYSE:SACH) for several years now as I like the REIT's business model: it invests in short-term loans secured by first mortgage liens on the buildings while there tends to be additional collateral provided by the borrower as well. That being said, it is abundantly clear these are tough times for the commercial real estate space and Sachem recently had to cut its dividend on the common shares. That didn't really co ...

BRANFORD, Conn., Aug. 26, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (the "Company" or "Sachem Capital"), announced today that its Board of Directors (the "Board") has appointed Jeffery C. Walraven to the Board, effective August 21, 2024. Mr. Walraven will also stand for election at the Company's 2024 Annual Meeting of Shareholders. "We are pleased to welcome Jeffery Walraven to our Board," said John L. Villano, CEO and Chairman of the Board of Sachem Capital. "Jeff's deep experience in the real estate i ...

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