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 Q4 2020

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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.

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There are thousands of penny stocks. However, when it comes to penny stock REITs (real estate investment trusts), there are only a handful.

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BRANFORD, Conn., Jan. 11, 2023 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) today announced that William C. Haydon, has resigned to pursue retirement and other opportunities. Mr. Haydon's responsibilities as Chief Investment Officer will be assumed by Chief Executive Officer John Villano. Mr. Haydon's other responsibilities will be assumed by the finance and accounting team. To ensure an orderly transition, Mr. Haydon has agreed to remain as an advisor to the company until July 31, 2023.

Sachem Capital Corp. Announces Management Transition

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I'm focusing on a niche sector in REIT-dom: housing finance. These REITs aren't landlords, they're specialty finance companies that provide capital to developers.

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Sachem is trading at a large discount to its tangible book value as investors price in the prospect of a dividend cut. The worsening macro backdrop could see financials deteriorate just as the combined common and preferred share dividends are not covered by adjusted earnings.

Sachem: How To Run From The Specter Of A Dividend Cut

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Sachem's baby bond SCCE offers a better return profile than its commons. The hard money lender recently reported fiscal 2022 third quarter earnings that saw revenue growth of just under 60%.

Sachem: I'm Out Of The Commons And Into The Baby Bonds

Sachem Capital Corp. (SACH) delivered earnings and revenue surprises of 18.18% and 3.21%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Sachem Capital Corp. (SACH) Beats Q3 Earnings and Revenue Estimates

Achieves $4.1 Million of Net Income Attributable to Common Shareholders and $5.2 Million of Non-GAAP Adjusted Earnings, Representing Earnings Per Share of $0.11 and $0.13, Respectively

Sachem Capital Revenue Increases 58.9% to $13.5 Million for the Third Quarter 2022

Expected to further enhance underwriting standards and provide new profit center Expected to further enhance underwriting standards and provide new profit center

Sachem Capital Corp. Expands Capabilities with Acquisition of Urbane New Haven LLC, a Premier Real Estate Development and Construction Firm

Income investors often allocate a sizeable portion of their portfolio to real estate investment trusts, or REITs, as these names typically pay high yields. Since REITs have to distribute at least 90% of their taxable income to shareholders via dividends, these stocks can be a good source of income.

3 REITs to Buy to Earn High Dividends

BRANFORD, Conn., Oct. 07, 2022 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) today announced that its Board of Directors (the “Board”) has authorized a stock repurchase program under which the company may repurchase up to an aggregate of $7.5 million of its outstanding common shares in the open market at prevailing market prices or in negotiated transactions off the market, in accordance with all applicable securities laws and regulations, including Rule 10b-18 and Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.

Sachem Capital Corp. Announces Stock Repurchase Plan of Up to $7.5 Million

Sachem Capital is a well-capitalized hard money lender that operates primarily in Connecticut. Although Sachem Capital does have prudent management, the weakening housing fundamentals call into question the sustainability of the dividend.

Sachem Capital: I Prefer The Preferred Shares

Sachem has a 12.9% forward dividend yield and announced an increase in 1Q22. Focused lender in Real Estate with no distractions.

Sachem Capital: Disciplined, Diligent, And Lightning Fast

BRANFORD, Conn., Aug. 29, 2022 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) has sold an additional $5.25 million original principal amount of its 8.00% unsecured, unsubordinated notes due 2027 (“Notes”) pursuant to the exercise of the underwriters' over-allotment option in full, bringing the gross proceeds of the offering of the Notes to $40.25 million and the net proceeds to approximately $38.8 million after payment of underwriting discounts and commissions and estimated offering expenses payable by the company.

Sachem Capital Corp. Announces Sale of an Additional $5.25 Million of 8.00% Notes Due 2027

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It's always fascinating to see how the allure of chasing high yielding stocks creates such an appetite for getting rich quick. I'm thankful for my 100,000 or so followers here on Seeking Alpha who have entrusted me to steer them to safety.

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BRANFORD, Conn., Aug. 23, 2022 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announces the closing of its previously announced registered public offering of $35.0 million aggregate principal amount of 8.00% unsecured, unsubordinated notes due 2027 (“Notes”). The net proceeds of the offering are estimated to be approximately $33.7 million after payment of underwriting discounts and commissions and estimated offering expenses payable by the company.

Sachem Capital Corp. Announces Closing of Public Offering of $35.0 Million of 8.00% Notes

BRANFORD, Conn., Aug. 17, 2022 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announces the pricing of a registered public offering of $35.0 million aggregate principal amount of 8.00% unsecured, unsubordinated notes due 2027 (“Notes”). The net proceeds of the offering to Sachem Capital Corp. are expected to be approximately $33.7 million after payment of underwriting discounts and commissions and estimated offering expenses payable by the company.

Sachem Capital Corp. Prices Registered Public Offering of $35.0 Million 8.00% Notes

Sachem Capital has been deploying the cash it raised at the end of last year, and this has an immediate impact on the EPS. The baby bonds offer an excellent risk/reward ratio given the strong underwriting performance and the moderate leverage ratio.

Sachem Capital: I Like The 7% Yielding Baby Bonds

Sachem Capital recently raised its quarterly dividend payout. This has maintained the dividend yield solidly over 10% and defied fears of a cut.

Sachem Capital: A Fat Yield Covered. Why I'm Buying

Sachem Capital Corp. (SACH) delivered earnings and revenue surprises of -20% and 0.38%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Sachem Capital Corp. (SACH) Q2 Earnings Lag Estimates

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Canada's national business paper, The Globe and Mail, recently interviewed a Toronto-based portfolio manager who seeks out smaller growth stocks with the potential to become large caps over the long haul. Alex Etsell invests $2.3 billion for Hillsdale Investment Management in microcap and small-cap strategies for the firm's clients.

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I am locking in high yield income offered by the market to those who look for it. Pairing a common equity and a preferred security to make a great combination.

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16% Increase Over 1st Quarter Dividend 16% Increase Over 1st Quarter Dividend

Sachem Capital Corp. Announces Dividend Increase to $0.14 Per Share

BRANFORD, Conn., June 03, 2022 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) has sold an additional $2.5 million original principal amount of its 7.125% unsecured, unsubordinated notes due 2027 (“Notes”) pursuant to the exercise, in part, of the underwriters' over-allotment option from the previously announced registered public offering, bringing the total gross proceeds of the offering to $30.0 million, and net proceeds to $28.8 million after payment of underwriting discounts and commissions and estimated offering expenses payable by the company.

Sachem Capital Corp. Announces Sale of an Additional $2.5 Million of 7.125% Notes from Exercise of Over Allotment Option

Adjusted EPS for Q1 2022 came in at $0.13 per share, meaning that the company is not just covering the dividend, but starting to gain some breathing room. 9.6% yield with earnings growth (possible future dividend growth) is more attractive to me than "busted" peer BRMK that continues to have woes.

News for Sachem Capital Stock (SACH)