Sachem Capital Reports Third Quarter 2024 Results – Reports Quarterly Revenues of $14.8 Million
Sachem Capital Corp. Common Shares (SACH)
NASDAQ:AMEX Investor Relations:
sachemcapitalcorp.com
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Source: GlobeNewswire
BRANFORD, Conn., Nov. 14, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH), 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 third quarter ended September 30, 2024. "While origination activity remains muted, we continue to see significant proprietary deal flow, as traditional banks remain on the sidelines," said John Villano, CPA, Sachem Capital’s Chief Executive Officer. "During the quarter, we maintained discipline with short-term debt coming due, but executed several strategic initiatives, including diversifying our business model with an additional investment in Shem Creek Capital. Furthermore, we initiated a sale of non-performing mortgages which, we believe, will strengthen our balance sheet and enable us to redeploy capital toward more attractive opportunities in 2025. Thus, we continue to take deci
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News
- Sachem Capital Reports Third Quarter 2024 Results – Reports Quarterly Revenues of $14.8 Million [Yahoo! Finance]Yahoo! Finance
- HIVE Digital Technologies (HIVE) Reports Q2 Loss, Misses Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- Sachem Capital Announces Third Quarter 2024 Dividend and Schedules Earnings Release and Conference CallGlobeNewswire
- Sachem Capital Corp. Completes 20% Investment in Shem Creek Capital LLC to Further Diversify Business ModelGlobeNewswire
- 2 Top Picks, Yields +6% For Potential Rapid Returns And High Income [Seeking Alpha]Seeking Alpha
SACH
Earnings
- 11/14/24 - Miss
SACH
Sec Filings
- 11/21/24 - Form 4
- 11/20/24 - Form 8-K
- 11/18/24 - Form 10-Q/A
- SACH's page on the SEC website