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
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 nine months ended 30 September 2020, SachemCapital Corp revenues increased 33% to $12.8M. Net incomeincreased 26% to $6.6M. Revenues reflect Interest incomefrom loans increase of 28% to $9.6M, Origination feesincrease of 29% to $1.6M, Other income increase of 39% to$904K. Net income was partially offset by Professional feesincrease of 52% to $401K (expense), Rental income decreaseof 40% to $50K (income).
Employees: 10 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $170.38M as of Sep 30, 2020
Annual revenue (TTM): $15.77M as of Sep 30, 2020
EBITDA (TTM): $8.19M as of Sep 30, 2020
Net annual income (TTM): $7.59M as of Sep 30, 2020
Free cash flow (TTM): -$2.34M as of Sep 30, 2020
Net Debt Last Fiscal Year: $77.24M as of Sep 30, 2020
Shares outstanding: 22,124,801 as of Nov 5, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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