Sachem Capital Corp (A:SACH)

Sector:  Financials Industry:  Consumer Lending
See Regulatory Filings on SEC
Company Contact
Address: 698 Main St
BRANFORD CT 06405-3615
Tel: 1-212-6711021
IR: See website
Key People
John L. Villano
Chairman of the Board, President, Chief Executive Officer, Chief Financial Officer, Treasurer
Peter Cuozzo
Chief Operating Officer, Executive Vice President
William C. Haydon
Chief Investment Officer
Business Overview
Sachem Capital Corp. is a real estate finance company. The Company specializes in originating, underwriting, funding, servicing and managing a portfolio of short-term loans secured by first mortgage liens on real property located primarily in Connecticut. The loan is also personally guaranteed by the principals of the borrower, which guaranty is typically collaterally secured by a pledge of the guarantor's interest in the borrower. Its s primary objective is to grow its loan portfolio while preserving capital in a manner that provides for risk-adjusted returns to its shareholders over the long term principally through dividends. It intends to achieve the objective by continuing to focus on selectively originating, managing and servicing a portfolio of first mortgage real estate loans designed to generate risk-adjusted returns across a variety of market conditions and economic cycles. It offers funds for acquisition, renovation, rehabilitation, development of real estate properties.
Financial Overview
For the three months ended 31 March 2021, SachemCapital Corp revenues increased 33% to $5.7M. Net incomedecreased 2% to $2.2M. Revenues reflect Interest incomefrom loans increase of 56% to $4.5M, Other income increaseof 61% to $457K, Investment income increase from $98K to$243K. Net income was offset by Compensation and relatedcosts increase of 72% to $592K (expense), Professional feesincrease of 75% to $232K (expense).
Employees: 12 as of Dec 31, 2020
Reporting Currency: U.S. Dollars
Enterprise value: $259.18M as of Mar 31, 2021
Annual revenue (TTM): $19.92M as of Mar 31, 2021
EBITDA (TTM): $9.58M as of Mar 31, 2021
Net annual income (TTM): $8.94M as of Mar 31, 2021
Free cash flow (TTM): $0.98M as of Mar 31, 2021
Net Debt Last Fiscal Year: $120.01M as of Mar 31, 2021
Shares outstanding: 25,677,662 as of Jul 1, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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