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Sachem Capital Corp. Reports Financial Results for Quarter Ended March 31, 2025

Strategic Insights

— 2 min read

Sachem Capital Corp., a mortgage REIT 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. Despite facing challenges in the past year, the Company reported a stable balance sheet and a focus on effectively managing its loan portfolio.

John Villano, CPA, Sachem Capital's Chief Executive Officer, commented on the Company's financial results, stating, "The first quarter was one of stability for the Company as we put the challenges of the past year behind us. Our balance sheet showed almost no change from the prior quarter, as we remain focused on effectively managing our loan portfolio and protecting our capital." Villano added, "Our goal is to grow our balance sheet, capitalizing on quality opportunities to invest capital at attractive yields, while maintaining a prudent capital allocation approach."

Key Takeaways:

  • Total revenue for the quarter ended March 31, 2025 was $11.4 million, a decrease of $5.4 million from the same period in 2024.
  • Income from preferred membership limited liability company investments increased approximately 71.7% compared to the three months ended March 31, 2024.
  • Total operating costs and expenses for the first quarter of 2025 were $10.4 million, a decrease of $2.1 million from the same quarter last year.
  • Net loss attributable to common shareholders for the first quarter of 2025 was $213,000, or $0.00 per share, compared to net income attributable to common shareholders of $3.6 million, or $0.08 per share for the first quarter of 2024.
  • Total assets as of March 31, 2025 were $491.4 million, a slight decrease from $491.9 million as of December 31, 2024.
  • Total liabilities as of March 31, 2025 were $312.1 million, a slight increase from $310.3 million as of December 31, 2024.
  • The Company reported a dividend of $0.484375 per share to holders of its Series A Preferred Stock and a dividend of $0.05 per share to common shareholders.

Statistics:

  • Total revenue decreased by 33.4% in Q1 2025 compared to Q1 2024.
  • Income from preferred membership limited liability company investments increased by 71.7% in Q1 2025 compared to Q1 2024.
  • Total operating costs and expenses decreased by 16.8% in Q1 2025 compared to Q1 2024.
  • Net loss attributable to common shareholders was $213,000 in Q1 2025, compared to net income of $3.6 million in Q1 2024.
  • Total assets decreased by 0.1% from $491.9 million as of December 31, 2024 to $491.4 million as of March 31, 2025.
  • Total liabilities increased by 1.2% from $310.3 million as of December 31, 2024 to $312.1 million as of March 31, 2025.

Sources:

  • GlobeNewswire, Sachem Capital Corp. Reports Financial Results for Quarter Ended March 31, 2025 (May 01, 2025)
  • Sachem Capital Corp.'s Condensed Consolidated Balance Sheets (GLOBE NEWSWIRE, May 01, 2025)
  • Sachem Capital Corp.'s Condensed Consolidated Statements of Operations (GLOBE NEWSWIRE, May 01, 2025)
  • Sachem Capital Corp.'s Condensed Consolidated Statements of Cash Flows (GLOBE NEWSWIRE, May 01, 2025)

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