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Sachem Capital Provides Fourth Quarter and Full Year 2025 Business Update

SACH
  • Sachem Capital Corp. reported preliminary results for the fourth quarter & full year ended December 31, 2025, alongside updates on portfolio & financing activities.
  • The company sold its Westport, Connecticut office asset on December 31, 2025, generating approximately $19.9 million in net cash proceeds & realizing a book gain of roughly $4.0 million.
  • Proceeds from the Westport sale strengthened liquidity & balance sheet flexibility to support portfolio optimization initiatives.
  • On February 5, 2026, the company completed a noncash exchange to acquire 100% of the condominium assets associated with its legacy Naples, Florida mortgage loan having a net book value of approximately $39.9 million.
  • The acquired Naples assets include the condominium association, three completed units expected for immediate remarketing, & a southern parcel entitled for four additional units with anticipated sales over 18 to 24 months.
  • Urbane Capital assumed active management, development, & monetization of the consolidated condominium assets, while the transaction resulted in no material gain or loss.
  • The company retained its approximate $12.3 million first mortgage on a separate waterfront parcel in Naples, acting as a senior secured lender without assuming development responsibility.
  • On January 21, 2026, Sachem extended its $50.0 million Needham credit facility maturity from March 2, 2026 to March 2, 2028, with an option to extend further to March 2, 2029.
  • Net income attributable to common shareholders for 2025 is expected to range from $0.01 to $0.04 per share, compared to a $0.93 per share loss in 2024.
  • Book value per common share for 2025 is projected between $2.43 & $2.46, a decrease from $2.64 at the end of 2024 due to dividends exceeding net income.