Sachem Capital

Sachem Capital Corp. is a real estate finance company, which engages in the provision of real estate investment trust services. The firm specializes in originating, underwriting, funding, servicing, and managing services for a portfolio of short-term loans. It offers short-term, secured, and non-banking loans to real estate investors to fund their acquisition, renovation, rehabilitation, or development of residential and commercial properties. The company was founded by Jeffrey C. Villano and John L. Villano in January 2016 and is headquartered in Branford, CT.

Earnings data Q1 2021

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Sachem Capital reports record revenue and net income growth in 2022

Sachem Capital's 2022 performance showcased robust revenue growth and increased net income. The company navigated challenges effectively while leveraging its strengths in the mortgage market. Opportunities lie in optimizing loan portfolio and reducing REO.

Sachem Capital posts strong Q1 results, focuses on prudent lending

Sachem Capital's Q1 2023 showcased impressive revenue growth, prudent lending practices, and a focus on strengthening its balance sheet. While challenges exist with rising costs and non-accrual loans, the company's diversified portfolio and liquidity position it well for future uncertainties.

Sachem Capital reports robust Q2 earnings, eyes strategic growth opportunities

Sachem Capital delivered strong financial results in Q2 2023, driven by revenue growth and prudent financial management. With a focus on conservative loan originations and a robust balance sheet, the company remains well-positioned for long-term success. Challenges in loan delinquencies and economic uncertainties require strategic planning and risk management.

Sachem Capital reports robust Q3 earnings and strengthens loan portfolio

Sachem Capital delivered strong financial performance in Q3 2023, driven by revenue growth and effective cost management.
The company's focus on reducing nonperforming loans and maintaining liquidity positions it well for future growth.
While challenges persist, Sachem Capital's strategic strengths and opportunities position it favorably in the lending market.

Sachem Capital reports revenue growth amidst market challenges in 2023

Sachem Capital navigated market challenges to achieve revenue growth in 2023, emphasizing high-quality loan origination and effective portfolio management. Despite facing impairments and lower net income, the company maintained strong liquidity and credit quality.
With a strategic focus on residential and multifamily properties, Sachem Capital aims to capitalize on opportunities for growth and diversification while addressing challenges posed by rising interest rates and material costs.

Sachem Capital reports Q2 revenue of $15.1M, navigates market challenges

Sachem Capital faces challenges in credit losses and operating costs but maintains a strong loan portfolio.
The company's defensive strategy aims to navigate current market conditions for future growth.
Investors should monitor Sachem's liquidity management and underwriting practices closely.

Sachem Capital reports Q3 revenue decline, plans debt management

Sachem Capital faced revenue decline and increased costs in Q3 2024 but took steps to recover through mortgage loan sales and strategic investments. The company's focus on managing debt maturities and addressing analyst inquiries indicates a proactive approach to financial challenges.

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Arbor Realty Trust

It's critical to examine the “margin of safety” with the dividend, to make sure that these picks don't turn into a so-called “sucker yield”. In general, long-term investors should consider REITs with dividends that are not just safe but also have good growth prospects. Is the thrill of victory worth the agony of defeat?

Who's Chasing Yield? 2 REITs Yielding 12%+

Sachem Capital's EPS currently does not fully cover its dividend. The mREIT's book value dipped on the back of provision for credit losses and a year-over-year dip in EPS.

Sachem Capital: Avoid The 12% Common Dividend Yield For The Bonds

Sachem Capital Corp. (SACH) Q4 2023 Earnings Call Transcript

Revenues Increase, While Rising Interest Rates and Commercial Real Estate Values Impact Earnings Company to Host Webcast and Conference Call BRANFORD, Conn., April 01, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announced its financial results for the year ended December 31, 2023.

Sachem Capital Reports Full Year 2023 Results

BRANFORD, Conn., April 01, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announced today that its board of directors authorized and declared a quarterly dividend of $0.11 per share to be paid to shareholders of record as of the close of trading on the NYSE American on April 9, 2024. The dividend is payable on April 16, 2024.

Sachem Capital Corp. Announces Dividend of $0.11 Per Share

BRANFORD, Conn., March 28, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) (the “Company”) announced today that the Company will release its 2023 financial results before market open on Monday, April 1, 2024. A webcast and conference call to discuss the results will be held on Monday, April 1, 2024 at 8:00 a.m. Eastern Time.

Sachem Capital Sets Dates for 2023 Earnings Release and Conference Call

Sachem Capital's fixed income securities are attractive. Sachem's interest payments are well covered, and its balance sheet is robust, providing a cushion for debt holders. Some of the baby bonds issued by Sachem offer a yield to maturity of approximately 9%, providing excellent value for money.

Sachem Capital: I Am Sticking With The 9% Yielding Baby Bonds

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I love sharing my experience as a real estate developer and the lessons learned. Today I want to highlight a few of these missteps and what I learned. As my wealthy friend told me, the “raised nail gets hammered”.

Lesson Learned: The Raised Nail Gets Hammered

Sachem Capital is a mortgage REIT that focuses on loans secured by first mortgage liens on residential and commercial properties. The company has experienced a lot of growth since its IPO, and its solvency profile appears to be healthy. While the common shares seem attractive at current levels, investors may also be interested in its preferred shares and unsecured notes that offer high yields that are probably more sustainable.

Sachem: One Business, Multiple Exposure Options

Sachem Capital is a mortgage REIT primarily operating in Connecticut with plans to expand into other areas. The company has experienced significant growth in assets but has also seen increases in total shares and a flat dividend per share. Concerns include the company's increased leverage, rising interest rates, and a focus on growth over return on equity.

Sachem Capital: Why I Want A Better Yield

BRANFORD, Conn., Jan. 31, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: 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, 2023:

Sachem Capital Corp. Announces Tax Reporting Information

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With shares in real estate investment trusts trending higher as expectations rise that interest rates will start coming down in 2024, you may be curious as to what are the best REITs for 2024. Yet while it's been this macro factor driving the REIT run-up, you may consider REIT stocks that have more than just the specter of more favorable monetary policy on their side.

The 7 Best REITs to Buy in January 2024

BRANFORD, Conn., Dec. 14, 2023 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announced today that its board of directors authorized and declared a quarterly dividend of $0.11 per share to be paid to shareholders of record as of the close of trading on the NYSE American on December, 29, 2023. The dividend is payable on January 10, 2024.

Sachem Capital Corp. Announces Dividend of $0.11 per Share

Sachem Capital's new dividend is 109% covered by its fiscal 2023 third-quarter net income. Net income per share only grew by 1 cent from its year-ago comp on the back of the incredibly dilutive issue of new equity. The specter of another dividend cut remains as non-performing loans at 17% remain robust but could improve as the Fed stops further rate hikes.

Sachem Capital: Fed About To Pivot, Fat 12.4% Yield Not Yet In Play

Sachem Capital Corp. (NYSE:SACH ) Q3 2023 Earnings Call Transcript November 14, 2023 8:00 AM ET Company Participants Kevin Reed - IR John Villano - CEO & Interim CFO Nick Marcello - VP of Finance & Operations Conference Call Participants Christopher Nolan - Ladenburg Thalmann Tyler Batory - Oppenheimer & Co. Matthew Erdner - Jones Trading Chris Muller - JMP Securities Operator Good day and welcome to the Sachem Capital Third Quarter 2023 Earnings Conference Call. All participants will be in listen-only mode.

Sachem Capital Corp. (SACH) Q3 2023 Earnings Call Transcript

BRANFORD, Conn., Nov. 13, 2023 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announced its financial results for the third quarter ended September 30, 2023.

Sachem Capital Reports Third Quarter 2023 Results – Produces Revenue Growth of 29.5% to $17.5 Million

BRANFORD, Conn., Nov. 08, 2023 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) (the “Company”) announced today that the Company will release its third quarter 2023 financial results after market close on Monday, November 13, 2023. A webcast and conference call to discuss the results will be held on Tuesday, November 14, 2023, at 8:00 a.m. Eastern Standard Time.

Sachem Capital Sets Dates For Third Quarter 2023 Earnings Release And Conference Call

In this article, I make the case that Sachem baby bonds are very undervalued. Sachem Capital is an unusual mortgage REIT that has several baby bonds with yields up to 10.59%. However, its debt levels are much lower than those of other mREITs.

Sachem Capital: 10.5% Baby Bond Bargain Is Safer Than You Think

Sachem Capital baby bonds offer a level of comfort as they rank senior to shareholders and preferred shareholders. The article discusses the different options in the Sachem baby bond spectrum, including their coupons, prices, and maturity dates. The author recommends considering selling SCCB and reinvesting in higher-yielding securities like SCCD or SACC.

Sachem Capital: Selling Overpriced Baby Bonds To Secure A 9-11% Yield

Sachem Capital's financial results were robust in the second quarter, with a net profit of $5.7M. The company's loan loss provisions were lower than the previous year, but the dividend is not fully covered by earnings. The preferred shares offer a well-covered dividend, but the current yield is lower compared to the higher-yielding baby bonds.

Sachem Capital: I'm Still Buying The 9.75% Yielding Baby Bonds

Sachem is currently paying out a 15.5% dividend yield to its common shareholders. Fiscal 2023 second quarter EPS of $0.11 per share meant the mREIT was unable to cover its $0.13 per share dividend payment. A further rise in loans on non-accrual status, which stood at 19% as of the end of the second quarter, could derail the current payout.

Sachem: Can The 15.5% Dividend Yield Survive?

Sachem Capital Corp. (NYSE:SACH ) Q2 2023 Earnings Conference Call August 15, 2023 8:00 AM ET Company Participants Kevin Reed - ICR John Villano - CEO and Interim CFO Nick Marcello - VP, Finance and Operations Conference Call Participants Tyler Batory - Oppenheimer & Co. Christopher Nolan - Ladenburg Thalmann Matthew Erdner - Jones Trading Chris Muller - JMP Securities Operator Greetings, and welcome to the Sachem Capital Corp. Second Quarter 2023 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

Sachem Capital Corp. (SACH) Q2 2023 Earnings Call Transcript

BRANFORD, Conn., Aug. 14, 2023 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announced its financial results for the quarter ended June 30, 2023.

Sachem Capital Reports Second Quarter 2023 Results – Produces Record Revenue Growth of 31.2% to $16.5 Million

Sachem Capital offers a high dividend yield of 15% and has provided investors with total returns of 39% in the last five years. The company focuses on larger loans with short duration and plans to expand into new markets for future growth. The stock appears to be cheap based on traditional metrics as compared to its historical range.

News for Sachem Capital Stock (SACH)