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Sachem Capital Reports Third Quarter 2025 Results

SACH
  • Sachem Capital Corp. reported financial results for the quarter ended September 30, 2025, with total revenue of $12.0 million compared to $14.8 million in the same period in 2024.
  • Net loss attributable to common shareholders for the third quarter of 2025 was $0.1 million ($0.00 per share), compared to a $6.1 million loss ($0.13 per share) in 2024.
  • The company completed a $100 million senior secured notes private placement \& used $56.3 million of proceeds to repay unsecured subordinated notes to strengthen liquidity.
  • Total operating costs \& expenses decreased to $12.4 million in Q3 2025 from $19.6 million in Q3 2024, driven by a $7.3 million reduction in the provision for credit losses.
  • Effective interest rates on loans held for investment were 12.4% in Q3 2025, down from 12.6% in Q3 2024, amid a lower average performing loan balance of $268.1 million.
  • Total assets at quarter-end were $484.4 million, while total liabilities stood at $308.8 million, resulting in total shareholders' equity of $175.6 million.
  • Book value per common share was $2.47 as of September 30, 2025, a decrease of $0.17 from $2.64 at year-end 2024 due to $10.5 million in dividends paid.
  • The company paid dividends of $0.05 per common share \& $0.484375 per Series A Preferred Stock share on September 30, 2025.
  • Sachem Capital Corp. hosted a webcast \& conference call on November 5, 2025, at 8:00 a.m. Eastern Time to discuss these results.
  • The company continues to operate as a REIT \& intends to distribute at least 90% of taxable income to shareholders to maintain its tax qualification.