Sachem Capital(US:SACH) Globenewswire·2025-11-05 12:00Core Viewpoint - Sachem Capital Corp. reported its financial results for Q3 2025, highlighting a focus on disciplined portfolio management and capital preservation amid a challenging macroeconomic environment [2][3]. Financial Performance - Total revenue for Q3 2025 was $12.0 million, down from $14.8 million in Q3 2024, primarily due to lower net new origination and an increase in nonperforming loans [4]. - The effective interest rate on loans held for investment was 12.4% for Q3 2025, slightly down from 12.6% in Q3 2024 [4]. - Net loss attributable to common shareholders was $0.1 million, or $0.00 per share, compared to a net loss of $6.1 million, or $0.13 per share, in Q3 2024 [6]. Operating Costs - Total operating costs and expenses for Q3 2025 were $12.4 million, significantly lower than $19.6 million in the same quarter last year [5]. - The provision for credit losses related to loans held for investment decreased to $0.8 million in Q3 2025 from $8.1 million in Q3 2024, reflecting a reduction in non-performing loan balances [5][22]. Balance Sheet - Total assets at the end of Q3 2025 were $484.4 million, down from $492.0 million as of December 31, 2024 [7]. - Total liabilities were $308.8 million, slightly down from $310.3 million at the end of 2024 [7]. - Total shareholders' equity decreased to $175.6 million from $181.7 million as of December 31, 2024 [9]. Dividends - The company paid a dividend of $0.484375 per share to Series A Preferred Stockholders and $0.05 per share to common shareholders on September 30, 2025 [12]. - The company intends to continue qualifying as a Real Estate Investment Trust (REIT) and plans to distribute a minimum of 90% of taxable income to shareholders [11]. Future Outlook - The company aims to capitalize on high-quality lending opportunities to drive long-term shareholder value into 2026 and beyond [3].