Sachem Capital Stock Price, News & Analysis

Sachem Capital Corp. (NYSE American: SACH) announced that Bill Haydon, Chief Investment Officer, will participate in the Benzinga All Access event on December 16, 2021, at 9:40 A.M. Eastern Time. The interview, hosted by Spencer Israel of Benzinga TV, will be broadcast live. Viewers can access the event here. An archived recording will later be available on Sachem's investor relations site.

Sachem Capital Corp. (NYSE American: SACH) has reconvened its 2021 Annual Meeting of Shareholders to discuss Proposal 2, now rescheduled for November 24, 2021, at 10:00 a.m. EST. This proposal seeks to amend the company’s certificate to increase authorized capital shares, requiring over 50% shareholder approval. The meeting was adjourned to provide more time for shareholders who have not yet voted, with the voting deadline set for 11:59 PM EST on November 23, 2021. Additionally, the amendment for preferred shares has been modified from 10 million to 7.5 million shares.

Sachem Capital Corp. (SACH) reported a remarkable 100% revenue growth in Q3 2021, totaling approximately $8.5 million, compared to $4.3 million in Q3 2020. The net income for the third quarter was $3.4 million, or $0.12 per share. For the nine months ended September 30, 2021, total revenue was approximately $20.9 million, a 62.5% increase year-over-year. The company is bolstered by a strong loan pipeline, a healthy balance sheet, and plans for further geographic expansion. A conference call is scheduled for November 5, 2021, to discuss these results.

Sachem Capital Corp. (NYSE American: SACH) announced that Bill Haydon, Chief Investment Officer, will present at the Dawson James Securities Small Cap Growth Conference on October 21, 2021, at 9:20 AM ET. The conference will be held at the Wyndham Grand Hotel in Jupiter, Florida. Mr. Haydon will also conduct one-on-one meetings with qualified investors during the event. Interested parties can access the live webcast and archived recordings through Sachem's investor relations page.

Sachem Capital Corp. (SACH) has declared a quarterly dividend of $0.12 per share, payable on October 29, 2021, to shareholders on record by the close of trading on October 25, 2021. CEO John Villano highlighted the company's ongoing growth and stability within its loan portfolio, emphasizing a strategic diversification into larger loans and geographic expansion. The company continues to experience strong market demand for its loan products and robust cash flow, fostering a positive outlook for the remainder of 2021.

Sachem Capital Corp. (SACH) announced the adjournment of its Annual Meeting of Shareholders, originally held on October 13, 2021, concerning Proposal 2 to increase authorized capital. The meeting will resume virtually on November 3, 2021, at 10:00 a.m. EDT. The company seeks to secure shareholder approval for Proposal 2, requiring more than 50% of outstanding shares. Shareholders are encouraged to vote by November 2, 2021, at 11:59 PM EDT. Proposals 1, 3, and 4 regarding directors, auditor appointments, and executive compensation received approval during the initial meeting.

Sachem Capital Corp. (NYSE American: SACH) will present at the Fall Harvest - Best Ideas from the Buy-Side conference from October 5-8, 2021. The company's Chief Investment Officer, Bill Haydon, is set to speak on October 5 at 5:00 PM ET. Attendees can view the presentation live online and schedule one-on-one meetings with management during the event. This conference features top investment ideas from qualified institutional investors, highlighting Sachem's strength in short-term, secured loans for real estate investors.

BRANFORD, Conn., Sept. 08, 2021 - Sachem Capital Corp. (NYSE American: SACH) announces that Bill Haydon, its CIO, will present at the H.C. Wainwright 23rd Annual Global Investment Conference, held virtually from September 13-15, 2021. The presentation will be available on-demand starting September 13 at 7:00 AM ET. Additionally, management will engage in one-on-one meetings with investors during the conference. Sachem specializes in short-term, secured nonbanking loans for real estate investments and operates as a REIT for tax purposes since 2017.

Sachem Capital Corp. (NYSE American: SACH) reported strong second-quarter results for 2021, with a 56% increase in revenue to approximately $6.7 million, driven by higher interest income on its loan portfolio. The net income reached $2.5 million, and cash flow from operations exceeded $6.1 million. Total assets rose to $296.3 million, bolstered by liquidity from stock sales. Additionally, a new $200 million financing facility aims to enhance loan offerings. The company continues to see solid demand for its lending products.