Sachem Capital Corp.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $38.6M
- Price
- $0.789
- % Change (Daily % change from the live per-ticker quote feed.)
- -0.66%
- Volume
- 124.2K
About
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.
Quick stats
Shares outstanding48.0M
Computed float32.1M
Float / shares66.9%
Key info
SectorReal Estate
IndustryREIT - Mortgage
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001682220
AI Summary
AI-generated1/18
majormixedearnings
Sachem Capital Reports Second Quarter 2026 Results
Sachem Capital reported a second quarter net loss of $6.5 million, or $0.14 per share, swinging from a profit of $0.8 million in the prior year, as book value per share declined to $2.11.
The decline was driven by a $2.6 million provision for credit losses concentrated in three specific loans and $2.6 million in transaction expenses related to the pending merger with Industrial Realty Group.
Despite the earnings miss, the company updated on the transformational transaction, stating the combined entity IRGT will have an implied enterprise value of $3.4 billion and signed leases representing 9.3 million square feet during the quarter.
Red flags
- Book value per share dropped 14% year-to-date to $2.11
- Provision for credit losses increased to $2.6 million from $0.9 million year-over-year
- Net loss of $6.5 million driven by transaction costs and credit issues