Core Viewpoint - Sachem Capital Corp. reported a significant decline in financial performance for the year ended December 31, 2024, primarily due to reduced loan originations and increased credit loss provisions, while expressing confidence in future growth through disciplined capital allocation and strong industry relationships [2][3][5]. Financial Performance - Total revenue for 2024 was $57.5 million, down from $64.7 million in 2023, attributed to fewer loan originations and lower interest and fee income [3]. - Interest income decreased to $43.2 million in 2024 from $49.3 million in 2023, while income from partnership investments rose by approximately 48.8% year-over-year [3]. - Total operating costs and expenses increased to $75.3 million in 2024 from $49.7 million in 2023, mainly due to a $21.3 million rise in provisions for credit losses [4]. - The net loss attributable to common shareholders for 2024 was $43.9 million, or $0.93 per share, compared to a net income of $12.1 million, or $0.27 per share, in 2023 [5]. Balance Sheet Overview - Total assets as of December 31, 2024, were $492.0 million, down from $620.9 million in 2023, primarily due to a $130.5 million reduction in loans held for investment [6]. - Total liabilities decreased to $310.3 million in 2024 from $390.8 million in 2023, largely due to the repayment of $58.3 million in unsecured notes and a $21.8 million reduction in lines of credit [6]. - Total shareholders' equity at year-end 2024 was $181.7 million, down from $230.1 million at year-end 2023, mainly due to the operational net loss and dividends paid [8]. Dividends and Shareholder Returns - In 2024, the company paid a total of $4.3 million in dividends to Series A Preferred Stockholders and $11.4 million to common shareholders [9]. - A dividend of $0.484375 per share on Series A Preferred Stock was declared on February 24, 2025, payable on March 31, 2025 [10]. - A quarterly dividend of $0.05 per common share was also declared on March 6, 2025, expected to be paid on March 31, 2025 [10]. Company Profile - Sachem Capital Corp. operates as a mortgage REIT, focusing on originating, underwriting, funding, servicing, and managing loans secured by first mortgages on real property [15]. - The company provides short-term, secured, nonbanking loans to real estate investors for property acquisition and improvement, maintaining a conservative loan-to-value ratio [15].

"If you want have better performance than the crowd, you must do things differently than the crowd" Sir John Templeton I am a value investor and I try to look for misplaced bets, bets where the odds are heavily on my side. I make my own research, reach my own conclusions and try be an independent thinker.Analyst’s Disclosure: I/we have a beneficial long position in the shares of SACH, SCCD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opi ...

- Sets Date for Fourth Quarter 2024 Earnings Release and Conference Call -BRANFORD, Conn., March 06, 2025 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) (the “Company”) announced today that its board of directors authorized and declared a quarterly dividend of $0.05 per common share to be paid to shareholders of record as of the close of trading on the NYSE American on March 17, 2025. The dividend is payable on March 31, 2025. The Company expects to release its fourth quarter 2024 financial ...

BRANFORD, Conn., Jan. 27, 2025 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE:SACH) announced today the tax treatment for the Company's distributions on its common stock (CUSIP: 78590A109) and preferred stock (CUSIP: 78590A505) paid with respect to the calendar year ended December 31, 2024: COMMON STOCK TAX INFORMATION    Box 1aBox 1bBox 2aBox 3Box 5Record DatePayable DateRate per ShareOrdinary Dividends Per ShareQualified Dividends Per ShareTotal Capital Gain Per ShareNondividend Dist. Per ShareSection 199 ...

BRANFORD, Conn., Dec. 24, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE:SACH) reminds holders that its 6.875% unsecured, unsubordinated Notes due December 30, 2024 ("Notes"), ticker symbol "SACC," will mature on December 30, 2024, as scheduled. The company will redeem the Notes at par plus accrued and unpaid interest up to, but not including, the maturity date. Sachem expects the last trading day for the Notes will be December 27, 2024.  After the maturity date, no Notes will remain outstanding. Ticke ...

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 ...

Company Performance - Sachem Capital Corp. reported a quarterly loss of $0.13 per share, missing the Zacks Consensus Estimate of $0.09, and compared to earnings of $0.12 per share a year ago, representing an earnings surprise of -244.44% [1] - The company posted revenues of $14.79 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 1.75%, and down from $17.53 million year-over-year [2] - Over the last four quarters, Sachem Capital has not surpassed consensus EPS estimates, although it has topped consensus revenue estimates twice [2] Stock Performance - Sachem Capital shares have declined approximately 47.9% since the beginning of the year, contrasting with the S&P 500's gain of 25.5% [3] - The current consensus EPS estimate for the upcoming quarter is $0.09 on revenues of $15.44 million, and for the current fiscal year, it is $0.17 on revenues of $62.15 million [7] Industry Outlook - The Financial - Miscellaneous Services industry, to which Sachem Capital belongs, is currently in the top 28% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that industry performance can significantly impact individual stock performance [5][8]

Core Viewpoint - Sachem Capital Corp. has acquired a 20% membership interest in Shem Creek Capital, LLC for $5 million, with an option to acquire an additional 10% by early 2027, indicating a strategic investment in the private credit funds managed by Shem Creek [1][2]. Group 1: Investment Details - The acquisition amount for the 20% interest in Shem Creek Capital is $5 million [1]. - Sachem has invested approximately $47 million with Shem over the past four years, generating attractive double-digit returns with no losses to date [2]. - The investment in Shem Creek is expected to diversify Sachem's business model and expand its asset management capabilities [2]. Group 2: Company Overview - Sachem Capital Corp. operates as a mortgage REIT, focusing on originating, underwriting, funding, servicing, and managing a portfolio of loans secured by first mortgages on real property [3]. - The company provides short-term secured, nonbanking loans to real estate investors for property acquisition, renovation, and development [3]. - Sachem's primary underwriting criteria include a conservative loan-to-value ratio, with loans secured by first mortgage liens on real estate [3].

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 ...

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 ...