Sachem Capital(US:SACH) Globenewswire·2026-02-12 21:15Core Viewpoint - Sachem Capital Corp. has made significant progress in its portfolio initiatives, including the sale of an office asset and the acquisition of condominium assets in Naples, Florida, aimed at strengthening liquidity and enhancing shareholder value [2][3]. Portfolio and Financing Activities - The company sold its office property in Westport, Connecticut, generating net cash proceeds of approximately $19.9 million and realizing a book gain of about $4.0 million, which bolstered its liquidity and balance sheet [3]. - The acquisition of condominium assets in Naples, Florida, involved a noncash exchange transaction valued at approximately $39.9 million, allowing the company to consolidate control over these assets while maintaining a secured lender position on a separate waterfront parcel [5][9]. - Urbane Capital, the company's subsidiary, will manage and develop the acquired condominium assets, which include three completed units and a southern parcel entitled for four additional units, with sales expected over the next 18 to 24 months [6][8]. Credit Facility Update - The company amended its $50.0 million revolving credit facility, extending its maturity from March 2, 2026, to March 2, 2028, with an option for an additional one-year extension, enhancing liquidity and balance sheet flexibility [10][11]. Preliminary Results for 2025 - Net income attributable to common shareholders for 2025 is projected to be between $0.01 and $0.04 per share, a significant improvement from a net loss of $0.93 per share in 2024 [12]. - The book value per common share is expected to range from $2.43 to $2.46, down from $2.64 in 2024, primarily due to cash dividends exceeding net income for the year [13].