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 mortgage REIT and real estate lender whose news flow centers on its lending activities, capital structure, and REIT distributions. The company specializes in originating, underwriting, funding, servicing, and managing a portfolio of short-term, secured, nonbanking loans to real estate investors, with each loan secured by a first mortgage lien on residential or commercial real estate that is typically held for resale or investment.
News about Sachem Capital frequently covers quarterly and annual financial results, where management discusses revenue trends, loan portfolio performance, nonperforming loans, real estate owned, and provisions for credit losses. These earnings releases also provide detail on interest income from loans, fee income, income from limited liability company investments, and other income, along with operating expenses and net income or loss attributable to common shareholders.
Investors following SACH news will also see regular announcements of common and preferred dividend declarations, reflecting the company’s status as a REIT and the related requirement to distribute at least 90% of taxable income each year under federal income tax rules. The board’s decisions on quarterly dividends for common shares and 7.75% Series A Cumulative Redeemable Preferred Stock are routinely disclosed via press releases and related Form 8-K filings.
Another key category of news involves capital markets and financing transactions, such as private placements of senior secured notes, the repayment and delisting of maturing unsecured notes, and at-the-market programs for preferred shares. These updates describe how the company manages its debt maturity profile, liquidity, and funding sources for new loan originations and other investments. For a consolidated view of these developments, investors can use this page to review recent SACH headlines and monitor ongoing disclosures.
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.
Sachem Capital Corp. (NYSE American: SACH) has announced a public offering of unsecured, unsubordinated notes with a five-year maturity. The notes, expected to be listed under the symbol "SCCE," will rank equally with existing unsecured debt. The offering, rated BBB+ by Egan-Jones Ratings, is managed by Ladenburg Thalmann & Co., Janney Montgomery Scott, InspereX, and William Blair. A preliminary prospectus was filed with the SEC detailing the offering. Investors are encouraged to review the risks and details before investing.
Sachem Capital Corp. (SACH) announced that its Chief Investment Officer, Bill Haydon, will present at the Aegis Capital Corp. Virtual Conference from February 23rd to 25th, 2022. The live presentation is scheduled for February 25th at 12:30 PM ET. Investors can watch the presentation via a YouTube live stream. A replay will be accessible on the company's website afterwards.
Sachem Capital Corp. (NYSE American: SACH) announced the promotion of Nicholas Marcello to Vice President, Finance and Operations, effective immediately, following the planned retirement of Peter Cuozzo as Executive Vice President and COO on January 14, 2022. Marcello, who joined in September 2020 as Director of Finance, will lead business operations while overseeing financial reporting and capital markets activities. CEO John Villano expressed confidence in Marcello's leadership and thanked Cuozzo for his decade of service in advancing the company's mission in real estate financing.