Welcome to our dedicated page for Sachem Capital news (Ticker: SACH), a resource for investors and traders seeking the latest updates and insights on Sachem Capital stock.
Sachem Capital Corp. (SACH) is a leading real estate investment trust specializing in short-term bridge financing for opportunistic property transactions across New England. This dedicated news hub provides investors and industry professionals with timely access to official company announcements and market-relevant updates.
Our comprehensive collection of SACH news ensures you stay informed about critical developments including earnings reports, strategic acquisitions, regulatory filings, and management insights. Each update is curated to highlight operational milestones and financial positioning within the alternative lending sector.
Key content categories focus on essential business activities: quarterly financial disclosures, loan portfolio expansions, risk management practices, and executive leadership changes. This centralized resource eliminates the need to track multiple sources, providing reliable information directly from corporate communications.
Bookmark this page for streamlined access to Sachem Capital's latest press releases and verified news coverage. Regularly updated to reflect current developments, this hub serves as your primary reference for understanding SACH's evolving role in real estate finance markets.
Sachem Capital Corp. reported its first-quarter results for 2024, showcasing a 17.0% revenue growth to $17.2 million. The company highlighted a focus on maintaining strong liquidity, growing borrower relationships, and protecting capital amidst economic uncertainties. Total revenue, interest income, and other income sources increased, while operating costs saw a rise primarily due to a provision for credit losses. Net income for common shareholders decreased to $3.6 million, or $0.08 per share, compared to the same period in 2023. The balance sheet remained stable, with total assets and liabilities showing consistency. Sachem Capital's strategic approach to debt repayment and shareholder equity growth was evident in the financial results.
Sachem Capital Corp. (NYSE American: SACH) announced the first quarter 2024 financial results release on May 10, 2024, followed by a conference call at 8:00 a.m. Eastern Time. The webcast will be available on their website, and participants can dial in to join the call.
FAQ
What is the current stock price of Sachem Capital (SACH)?
What is the market cap of Sachem Capital (SACH)?
