- Company to Host Webcast and Conference Call -BRANFORD, Conn., May 01, 2025 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) (the “Company”), a real estate lender specializing in originating, underwriting, funding, servicing, and managing a portfolio of loans secured by first mortgages on real property, today announced its financial results for the quarter ended March 31, 2025. John Villano, CPA, Sachem Capital’s Chief Executive Officer commented, “The first quarter was one of stability for t ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-37997 SACHEM CAPITAL CORP. (Exact name of registrant as specified in its charter) New York 81-3467779 (State ...

BRANFORD, Conn., April 17, 2025 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) (the “Company”) announced today that the Company will release its first quarter 2025 financial results before market open on Thursday, May 1, 2025. A webcast and conference call to discuss the results will be held on Thursday, May 1, 2025, at 8:00 a.m. Eastern Time. Webcast:A webcast of the conference call will be available on the Investors section of the Company’s website www.sachemcapitalcorp.com. To listen to t ...

Financial Performance - Total revenue for 2024 was $57.5 million, a decrease of 11.2% from $64.7 million in 2023[208]. - Net loss attributable to common shareholders for 2024 was $43.9 million, compared to a net income of $12.1 million in 2023, resulting in a net loss per share of $0.93[211][212]. - Total operating costs and expenses increased by 51.5% to $75.3 million in 2024, primarily due to a $21.3 million increase in provision for credit losses[209]. Assets and Liabilities - Total assets decreased by 20.8% to $492.0 million at December 31, 2024, down from $620.9 million at the end of 2023[215]. - Total liabilities decreased by 20.6% to $310.3 million at December 31, 2024, primarily due to the repayment of $58.2 million in unsecured notes[216]. - Total shareholders' equity decreased by 21.0% to $181.7 million at December 31, 2024, attributed to a $22.0 million loss on the sale of loans and $26.9 million provisions related to loans[217]. - Book value per common share decreased to $2.64 in 2024, down from $3.83 in 2023, a decrease of $1.19[214]. Cash Flow and Dividends - The company declared and paid total dividends of $11.4 million in 2024[206]. - Cash and cash equivalents increased by 30.3% to $18.1 million at December 31, 2024, compared to $12.6 million at the beginning of the year[220]. - A dividend of $0.484375 per share on the 7.75% Series A Preferred Stock was declared, payable on March 31, 2025[227]. - A quarterly dividend of $0.05 per Common Share was authorized, payable on March 31, 2025[228]. Credit Facilities and Indebtedness - The new Needham Credit Facility has a committed amount of $50 million, with a maturity date of March 2, 2026, and an option to extend for one year if covenants are met[223]. - The company repaid the entire outstanding balance of the old credit facility, amounting to $39.6 million, and drew $36.1 million on the new facility, reducing outstanding indebtedness by $3.5 million[225]. - As of March 20, 2025, the company's outstanding indebtedness is projected to be $26.2 million after a principal payment of $9.9 million due on April 1, 2025[225]. Other Obligations - The company identified an over issuance of 362,915 restricted Common Shares, which remain unvested and restricted[230]. - Total contractual obligations as of December 31, 2024, amount to $54.248 million, with $40.597 million due within one year[234].

Exhibit 10.1 Execution Copy Credit, Security and Guaranty Agreement AMONG SN Holdings, LLC, as the Borrower, SACHEM CAPITAL CORP., AS THE GUARANTOR, THE LENDERS PARTY HERETO AND Needham Bank, as Administrative Agent dated: as of March 20, 2025 TABLE OF CONTENTS | Section 1 DEFINITIONS | | 1 | | --- | --- | --- | | 1.1 | Definitions | 1 | | 1.2 | Accounting Terms | 12 | | | Section 2 REVOLVING LINE OF CREDIT FACILITY | 13 | | 2.1 | Revolving Loans | 13 | | 2.2 | Advances | 13 | | 2.3 | Interest Charges | 13 ...

Sachem Capital Corp. (NYSE:SACH) Q4 2024 Earnings Conference Call March 27, 2025 8:00 AM ET Company Participants Stephen Swett - IR John Villano - Chairman, President & CEO Jeffery Walraven - Interim CFO Conference Call Participants Gaurav Mehta - Alliance Global Partners Chris Muller - Citizens JMP Operator Greetings, and welcome to Sachem Capital Corp. Fourth Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentat ...

Sachem Capital Corp. (SACH) came out with a quarterly loss of $0.33 per share versus the Zacks Consensus Estimate of a loss of $0.43. This compares to loss of $0.05 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 23.26%. A quarter ago, it was expected that this company would post earnings of $0.09 per share when it actually produced a loss of $0.13, delivering a surprise of -244.44%.Over the last four quarters, the company has ...

Financial Data and Key Metrics Changes - Revenue totaled $57.5 million, including $43.2 million in interest income, $8.6 million in fees from loans, and $5.2 million from LLC partnership investments [30] - Operating and other costs totaled $97.1 million, resulting in a GAAP net loss of $39.6 million, and a net loss available to common shareholders of $43.9 million after preferred stock dividends [30][31] - Book value per common share at year-end 2024 was $2.64, down from $3.83 in 2023, reflecting a year-over-year change of $1.19 [33][37] Business Line Data and Key Metrics Changes - The non-performing loan book grew year-over-year by $18.3 million to $102.9 million, with $36.3 million in foreclosure status [8][57] - The company funded approximately $134 million in loans, modifications, and extensions during the year [14] - The portfolio included 157 loans with a gross principal value of $377 million and a weighted average contractual interest rate of 12.53% [13] Market Data and Key Metrics Changes - The company has diversified its portfolio across 14 states and the District of Columbia, with over 56% of the principal balance in residential real estate [14] - Multifamily investments generated approximately $5.1 million in revenues, representing a low-risk double-digit yield [20] Company Strategy and Development Direction - The company aims to stabilize its portfolio and position itself for future opportunities by removing non-performing loans and focusing on higher quality loans [9][10] - The company is pursuing a diversification strategy through partnerships, such as with Schemcrete Capital, to enhance its real estate finance capabilities [19][48] - The company plans to selectively build a pipeline of development projects to minimize completion risk and capture market rate earnings [16] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges faced in 2024 due to restrictive bank lending policies and increased construction costs, impacting borrowers' ability to refinance [7] - The company is optimistic about its financial position moving into 2025, with a focus on protecting liquidity and seeking cost-effective capital [22][49] - Management expressed confidence in resolving non-performing loans and expects to generate sufficient cash flow to meet upcoming obligations [25][50] Other Important Information - The company closed on a new credit facility with Needham Bank, providing up to $50 million of committed liquidity [21] - The board declared a quarterly common dividend of $0.05 per share, aligning future dividend declarations with preferred stock payments [46] Q&A Session Summary Question: What is the balance for the loans in non-accrual and foreclosure status as of Q4? - Non-performing loans are approximately $100 million as of December 31st, with significant progress made in resolving them [55] Question: Can you provide specifics on the loan sales? - The total UPB in the loan sale was $55.8 million, comprising 32 loans, with an average realization of around 68% [79][80] Question: What is the status of unfunded loan commitments? - Approximately $54 million in unfunded commitments exists, expected to be funded ratably over the year [72]

Core Viewpoint - Sachem Capital Corp. reported a significant decline in financial performance for the year ended December 31, 2024, primarily due to reduced loan originations and increased credit loss provisions, while expressing confidence in future growth through disciplined capital allocation and strong industry relationships [2][3][5]. Financial Performance - Total revenue for 2024 was $57.5 million, down from $64.7 million in 2023, attributed to fewer loan originations and lower interest and fee income [3]. - Interest income decreased to $43.2 million in 2024 from $49.3 million in 2023, while income from partnership investments rose by approximately 48.8% year-over-year [3]. - Total operating costs and expenses increased to $75.3 million in 2024 from $49.7 million in 2023, mainly due to a $21.3 million rise in provisions for credit losses [4]. - The net loss attributable to common shareholders for 2024 was $43.9 million, or $0.93 per share, compared to a net income of $12.1 million, or $0.27 per share, in 2023 [5]. Balance Sheet Overview - Total assets as of December 31, 2024, were $492.0 million, down from $620.9 million in 2023, primarily due to a $130.5 million reduction in loans held for investment [6]. - Total liabilities decreased to $310.3 million in 2024 from $390.8 million in 2023, largely due to the repayment of $58.3 million in unsecured notes and a $21.8 million reduction in lines of credit [6]. - Total shareholders' equity at year-end 2024 was $181.7 million, down from $230.1 million at year-end 2023, mainly due to the operational net loss and dividends paid [8]. Dividends and Shareholder Returns - In 2024, the company paid a total of $4.3 million in dividends to Series A Preferred Stockholders and $11.4 million to common shareholders [9]. - A dividend of $0.484375 per share on Series A Preferred Stock was declared on February 24, 2025, payable on March 31, 2025 [10]. - A quarterly dividend of $0.05 per common share was also declared on March 6, 2025, expected to be paid on March 31, 2025 [10]. Company Profile - Sachem Capital Corp. operates as a mortgage REIT, focusing on originating, underwriting, funding, servicing, and managing loans secured by first mortgages on real property [15]. - The company provides short-term, secured, nonbanking loans to real estate investors for property acquisition and improvement, maintaining a conservative loan-to-value ratio [15].

"If you want have better performance than the crowd, you must do things differently than the crowd" Sir John Templeton I am a value investor and I try to look for misplaced bets, bets where the odds are heavily on my side. I make my own research, reach my own conclusions and try be an independent thinker.Analyst’s Disclosure: I/we have a beneficial long position in the shares of SACH, SCCD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opi ...