Sachem Capital Corp. SACH
Sachem Capital Corp. functions as a specialized real estate finance entity. The company actively sources, underwrites, funds, services, and manages a portfolio of short-term loans, all secured by primary mortgage liens on real estate assets predominantly located in the Northeastern United States and Florida. It provides capital to real estate professionals and property owners, enabling them to finance the acquisition, refurbishment, development, or enhancement of residential or commercial ventures. Sachem Capital Corp. has chosen to be taxed as a Real Estate Investment Trust (REIT), granting it exemption from federal income taxes provided it distributes at least 90% of its annual taxable earnings to its shareholders. Founded in Branford, Connecticut, in 2010, this firm maintains its headquarters there.
Snapshot
Reported FFO / AFFO / leverage are from the None earnings release (filed 2026-05-18) — 8-K, EX-99.1.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $47.06M | $6.31M | $525.00K | $32.22M | $2.66M |
| 2024 | $57.50M | $-39.57M | $372.00K | $-11.35M | $12.89M |
| 2023 | $29.97M | $15.90M | $266.33K | $266.33K | $21.86M |
| 2022 | $30.62M | $20.91M | $106.41K | $106.41K | $13.15M |
| 2021 | $20.00M | $13.32M | $83.53K | $83.53K | $27.81M |
| 2020 | $13.06M | $8.99M | $61.87K | $61.87K | $9.63M |
Dividends
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-06-15 | 2026-06-15 | 2026-06-30 | 2026-06-04 | $0.01 | Quarterly |
| 2026-03-13 | 2026-03-15 | 2026-03-30 | 2026-03-04 | $0.05 | Quarterly |
| 2025-12-15 | 2025-12-15 | 2025-12-30 | 2025-12-04 | $0.05 | Quarterly |
| 2025-09-15 | 2025-09-15 | 2025-09-30 | 2025-09-04 | $0.05 | Quarterly |
| 2025-06-16 | 2025-06-16 | 2025-06-30 | 2025-06-05 | $0.05 | Quarterly |
| 2025-03-17 | 2025-03-17 | 2025-03-31 | 2025-03-06 | $0.05 | Quarterly |
| 2024-11-18 | 2024-11-18 | 2024-11-26 | 2024-11-07 | $0.05 | Quarterly |
| 2024-07-29 | 2024-07-29 | 2024-08-06 | 2024-07-19 | $0.08 | Quarterly |
| 2024-04-08 | 2024-04-09 | 2024-04-16 | 2024-03-28 | $0.11 | Quarterly |
| 2023-12-28 | 2023-12-29 | 2024-01-10 | 2023-12-14 | $0.11 | Quarterly |
| 2023-10-30 | 2023-10-31 | 2023-11-07 | 2023-10-23 | $0.11 | Quarterly |
| 2023-08-04 | 2023-08-07 | 2023-08-11 | 2023-07-26 | $0.13 | Quarterly |
| 2023-04-14 | 2023-04-17 | 2023-04-24 | 2023-04-05 | $0.13 | Quarterly |
| 2022-12-29 | 2022-12-30 | 2023-01-10 | 2022-12-14 | $0.13 | Quarterly |
| 2022-11-04 | 2022-11-07 | 2022-11-14 | 2022-10-27 | $0.13 | Quarterly |
| 2022-07-20 | 2022-07-21 | 2022-07-28 | 2022-07-11 | $0.14 | Quarterly |
| 2022-04-08 | 2022-04-11 | 2022-04-18 | 2022-04-01 | $0.12 | Quarterly |
| 2021-12-30 | 2021-12-31 | 2022-01-10 | 2021-12-22 | $0.12 | Quarterly |
| 2021-10-22 | 2021-10-25 | 2021-10-29 | 2021-10-14 | $0.12 | Quarterly |
| 2021-07-23 | 2021-07-26 | 2021-07-30 | 2021-07-15 | $0.12 | Quarterly |
| 2021-04-09 | 2021-04-12 | 2021-04-16 | 2021-04-01 | $0.12 | Quarterly |
| 2020-12-30 | 2020-12-31 | 2021-01-08 | 2020-12-23 | $0.12 | Quarterly |
| 2020-10-23 | 2020-10-26 | 2020-11-04 | 2020-10-16 | $0.12 | Quarterly |
| 2020-07-30 | 2020-07-31 | 2020-08-07 | 2020-07-21 | $0.12 | Quarterly |
Coverage (payout of operating cash flow): 70.46%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.