Sachem Capital Stock Price, News & Analysis

Sachem Capital Corp. (NYSE American: SACH) announced that Bill Haydon, Chief Investment Officer, will present at the Spring Into Action - Best Ideas Investor Conference from May 16-20, 2022. Haydon's presentation is scheduled for May 18 at 9:00 a.m. ET, available for live webcast and replay. The conference highlights top investment ideas recommended by qualified institutional investors. Interested parties can register for the conference and request one-on-one meetings via the provided email.

Sachem Capital Corp. has successfully closed its registered public offering of $27.5 million in 7.125% unsecured notes due 2027, with net proceeds expected to be around $26.3 million after costs. The offering includes a 30-day option for underwriters to purchase an additional $4.125 million of notes. The notes will mature on June 30, 2027, and interest will be payable quarterly, starting September 30, 2022. Funds raised will primarily support new real estate loans secured by first mortgage liens. The notes are rated BBB+ by Egan-Jones Ratings Company.

Sachem Capital Corp. (SACH) has announced a registered public offering of $27.5 million in 7.125% unsecured notes set to mature on June 30, 2027. The net proceeds are expected to be about $26.3 million after expenses. The offering is scheduled to close on May 11, 2022, with an option for underwriters to purchase an additional $4.125 million. The notes will rank pari passu with the company’s existing debt and will pay interest quarterly, starting September 30, 2022. These notes are rated BBB+ by Egan-Jones Ratings Company.

Sachem Capital Corp. (NYSE American: SACH) announced a registered public offering of unsecured, unsubordinated notes due in five years. These notes, expected to trade under the symbol “SCCF,” will have a private credit rating of BBB+ from Egan-Jones Ratings Company. The offering aims to bolster the company’s financing capabilities, as it specializes in short-term, secured loans for real estate investors. Joint book-running managers include Ladenburg Thalmann & Co. Inc. and Janney Montgomery Scott LLC, among others.

Sachem Capital Corp. (NYSE American: SACH) reported strong financial results for Q1 2022, achieving $3.4 million in net income attributable to common shareholders and $4.5 million in non-GAAP adjusted earnings. Revenue surged by 80.3% to $10.3 million, driven by increased lending operations. Total assets rose to $481.8 million, while total liabilities increased to $282.4 million. The company's total shareholders' equity improved to $199.4 million.

A conference call is scheduled for May 4, 2022, to discuss these results and future outlook.

Sachem Capital Corp. (NYSE American: SACH) has declared a quarterly dividend of $0.12 per share, payable to shareholders of record as of April 11, 2022, with the payment date set for April 18, 2022. CEO John Villano highlighted strong financial results for 2021 and expressed confidence in the company’s scalable business model, anticipating continued profitability and meaningful dividends in the future.

Sachem Capital Corp. (SACH) announced strong financial results for 2021, reporting a record net income of $11.5 million, or $0.44 per share, reflecting a 27.5% increase from the previous year. Total revenue grew 63.5% to approximately $30.4 million, driven by expanded lending operations. The company increased its total assets by 84.4% to approximately $418.0 million and maintained a robust loan pipeline despite rising interest rates. To support growth, SACH raised $101.8 million through public offerings of unsecured notes in late 2021 and early 2022.

Sachem Capital Corp. (NYSE American: SACH) has successfully closed a registered public offering of $50 million in 6.00% unsecured and unsubordinated notes due March 30, 2027. The net proceeds are expected to be approximately $48.2 million. The company has granted underwriters a 30-day option for an additional $7.5 million in notes. The notes, rated BBB+ by Egan-Jones, will mature in 2027 and be redeemable after March 9, 2024. Proceeds will primarily support working capital and fund new real estate loans secured by first mortgage liens.

Sachem Capital Corp. (NYSE American: SACH) has announced a public offering of $50 million in 6.00% unsecured notes due in five years, expecting net proceeds of approximately $48.2 million. The offering is set to close on March 9, 2022, with a potential 30-day option for underwriters to purchase an additional $7.5 million. The notes will have a private credit rating of BBB+ and will be listed under the symbol 'SCCE'. Interest will be paid quarterly starting June 30, 2022, with maturity on March 30, 2027.