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Sachem Capital ( (SACH) ) has provided an announcement.
Sachem Capital Corp reported third-quarter financial results with revenues of $14.8 million, down from $17.8 million in the same period last year. Despite a significant proprietary deal flow, the company faced a net loss of $6.1 million due to increased credit loss provisions and reduced interest income. To strengthen its balance sheet, Sachem initiated a sale of non-performing mortgages and diversified its business model. The company aims to navigate market challenges, focusing on building its lending platform and enhancing shareholder value.
See more data about SACH stock on TipRanks’ Stock Analysis page.
