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Sachem Capital Reports Full Year 2025 Results

SACH
  • Sachem Capital Corp. (NYSE: SACH) announced financial results for the year ended December 31, 2025, reporting net income attributable to common shareholders of $1.8 million ($0.04 per share) compared to a net loss of $43.9 million ($0.93 per share) in 2024.
  • Net interest income decreased to $11.7 million from $20.5 million in the prior year due to lower average loan balances as originations moderated after peaking in June 2024.
  • The company issued $100.0 million of Senior Secured Notes due 2030 at 9.875% interest, with $90.0 million drawn as of year-end, to extend debt maturity profiles & diversify funding sources.
  • Total operating expenses declined to $13.1 million from $15.7 million in 2024, driven by reduced credit-related charges & improved expense discipline, despite a $0.8 million increase in compensation costs.
  • The company generated a gain on sale of investments of $4.1 million in 2025, including a $4.0 million book gain from the sale of its Westport, Connecticut office property, compared to $0.4 million in 2024.
  • Total assets decreased to $460.0 million from $492.0 million in 2024, while total liabilities fell to $285.1 million from $310.3 million, resulting in shareholders' equity of $174.9 million.
  • Book value per common share was $2.46 at year-end 2025, down from $2.64 in 2024, primarily due to $14.0 million in aggregate dividends & an increase in Series A Preferred stock liquidation preference.
  • The company paid $14.0 million in total dividends during 2025, consisting of $9.5 million to common shareholders & $4.5 million to Series A Preferred stockholders.
  • Sachem plans to host a webcast & conference call on March 13, 2026, at 8:00 a.m. Eastern Time to discuss the financial results in detail.
  • The company continues to operate as a REIT & intends to distribute at least 90% of taxable income to shareholders to maintain its tax status.