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. (NYSE American: SACH) announced a quarterly dividend of $0.13 per share, payable on April 24, 2023. Shareholders must be on record as of April 17, 2023. The company specializes in underwriting and managing first mortgage loans, focusing on short-term secured loans for real estate investors in Connecticut, New York, and Florida. It operates as a real estate investment trust (REIT) for tax purposes. The company's loan portfolio is backed by actual property and personally guaranteed by borrowers.
Sachem Capital Corp. (NYSE American: SACH) announced record financial results for the year ended December 31, 2022, achieving $52.3 million in revenue, a 71.8% increase from $30.4 million in 2021. Net income attributable to common shareholders was $17.2 million, up 50.2% compared to $11.5 million in the previous year, resulting in earnings per share of $0.46. Total assets grew 35.3% to approximately $565.7 million, driven by a significant increase in the mortgage loan portfolio. The company plans to maintain its REIT status and continue dividend distributions, having declared $14.9 million in dividends.
BRANFORD, Conn., March 28, 2023 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announced it will release its 2022 financial results after market close on March 30, 2023. The company will host a conference call and webcast on March 31, 2023, at 8:00 a.m. Eastern Time to discuss these results. Investors can participate via telephone or listen to the live broadcast on the company's website. Sachem Capital specializes in providing short-term, non-banking mortgage loans primarily to real estate investors in Connecticut, New York, and Florida, and has been taxed as a real estate investment trust (REIT) since 2017.
Sachem Capital Corp. announced a $45 million revolving line of credit from Needham Bank to enhance liquidity and support its growth strategy. Chief Financial Officer, John Warch, emphasized this financing improves the company's financial flexibility to scale operations and fund new mortgage loan originations. The line of credit can potentially expand to $75 million with additional lender commitments. This development reflects Sachem's ongoing initiatives in the real estate lending market, as it provides both working capital and capacity for growth.
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