Sachem Capital Corp. SACH

Real estate SIC 6798 - Real Estate Investment Trusts NAICS Real Estate and Rental and Leasing › Real Estate › Lessors of Real Estate derived NYSE

We were organized as a New York corporation in January 2016 under the name HML Capital Corp. On December 15, 2016, we changed our name to Sachem Capital Corp. Prior to February 8, 2017, our business operated as a Connecticut limited liability company under the name Sachem Capital Partners, LLC ("SCP"). On February 9, 2017, we completed our initial public offering (the "IPO") in which we issued and sold 2.6 million common shares, $0.001 par value per share, ("Common Shares"). We believe that since the consummation of the IPO, we have qualified as a real estate investment trust ("REIT") and we elected to be taxed as a REIT beginning with our 2017 tax year. We believe that it is in the best interests of our shareholders that we continue to operate as a REIT. As a REIT, we are required to distribute at least 90% of our taxable income to our shareholders on an annual basis. To the extent we distribute less than 100% of our taxable income to our shareholders (but more than 90%), we will maintain our REIT status but the undistributed portion will be subject to regular corporate income taxes. As a REIT, we may also be subject to federal excise taxes and minimum state taxes. We intend to continue to operate in a manner that will permit us to maintain our exemption from registration under the Investment Company Act.

Last close 0.81 2026-10-23
Market cap $39.1M 2026-06-30 share count
52-week range 0.76 - 1.45

Valuation FY2025 figures against the last close

P/S—
P/E20.4x
P/FCF14.7x
EV/EBITDA—
Dividend yield24.3%
Diluted EPS0.04

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue —$57.5M$64.7M$52.3M$30.4M$18.6M$12.7M$11.7M$7.0M$4.1M
SG&A $6.5M$6.8M$5.0M$3.1M$2.2M$562.6K$478.5K$437.0K$222.1K$17.4K
Total operating expenses $13.1M$15.7M$49.7M$31.4M$17.1M$9.6M$6.5M$3.9M$2.1M$1.1M
Operating income —-$17.8M$15.0M———————
Interest expense $11.7M$20.5M————————
Pre-tax income $6.3M-$39.4M$15.9M$20.9M——————
Income tax $0$200.0K$0$0——————
Net income $6.3M-$39.6M$15.9M$20.9M$13.3M$9.0M$6.2M$7.8M$4.9M$3.1M
EPS, basic 0.04-0.930.270.460.440.410.320.500.380.00
EPS, diluted 0.04-0.930.270.460.440.410.320.500.380.00
Shares, diluted (wtd. avg.) 46.9M47.4M44.2M37.7M26.3M22.1M19.4M15.4M00

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $10.9M$18.1M$12.6M$23.7M$41.9M$19.4M$18.8M$158.9K$954.2K$1.6M
Short-term investments $936.0K$1.5M$37.8M$24.6M$60.6M$37.3M$15.9M$0——
Property, plant and equipment $3.2M$3.2M$3.4M$4.1M$2.2M$1.4M$1.3M$1.2M$501.8K$397.4K
Goodwill $391.0K$391.0K$391.0K$391.0K——————
Total assets $460.0M$492.0M$620.9M$565.7M$418.0M$226.7M$141.2M$86.0M$67.5M$38.4M
Long-term debt —$230.2M$288.4M$288.4M——$784.1K$291.0K$301.1K—
Total liabilities $285.1M$310.3M$390.8M$348.0M$237.9M$145.8M$58.7M$33.2M$12.9M$9.9M
Retained earnings ——-$20.1M-$8.0M-$5.0M-$2.9M-$1.3M-$405.5K$1.2M—
Total equity $174.9M$181.7M$230.1M$217.7M$180.1M$80.9M$82.6M$52.8M$54.6M$28.5M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $2.7M$12.9M$21.9M$13.1M$27.8M$9.6M$8.1M$6.2M$4.8M$3.7M
Depreciation and amortisation $525.0K$372.0K$266.0K$106.4K$83.5K$61.9K$63.6K$32.5K$28.4K$0
Stock-based compensation $840.0K$863.0K$823.0K$495.0K$191.3K$16.4K$43.1K$37.6K$0—
Capital expenditure ———$1.6M$822.3K$148.9K$241.9K$710.8K$92.8K$0
Investing cash flow $29.4M$79.9M-$72.5M-$159.5M-$166.0M-$82.8M-$37.8M-$16.8M-$28.9M-$6.9M
Financing cash flow -$39.2M-$87.3M$39.5M$128.2M$160.7M$73.8M$48.4M$9.8M$23.5M$3.0M
Dividends paid $9.5M$16.5M$21.9M$18.8M$12.3M$8.0M————
Buybacks $0$1.5M$226.0K———————

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001682220-26-000014.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -50M 0 50M 100M Revenue, FY2016: 4.1M Net income, FY2016: 3.1M Revenue, FY2017: 7M Net income, FY2017: 4.9M Revenue, FY2018: 11.7M Net income, FY2018: 7.8M Revenue, FY2019: 12.7M Net income, FY2019: 6.2M Revenue, FY2020: 18.6M Net income, FY2020: 9M Revenue, FY2021: 30.4M Net income, FY2021: 13.3M Revenue, FY2022: 52.3M Net income, FY2022: 20.9M Revenue, FY2023: 64.7M Net income, FY2023: 15.9M Revenue, FY2024: 57.5M Net income, FY2024: -39.6M Net income, FY2025: 6.3M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $4.1M $7.0M $11.7M $12.7M $18.6M $30.4M $52.3M $64.7M $57.5M —
Gross profit — — — — — — — — — —
Net income $3.1M $4.9M $7.8M $6.2M $9.0M $13.3M $20.9M $15.9M -$39.6M $6.3M

Recent filings and events

  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event Item 8.01
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Other event Item 8.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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