Sachem Capital reports Q3 EPS (13c) vs 12c last year

Reports Q3 revenue $14.785M, consensus $14.8M. “While origination activity remains muted, we continue to see significant proprietary deal flow, as traditional banks remain on the sidelines,” said John Villano, CPA, Sachem Capital’s (SACH) Chief Executive Officer. “During the quarter, we maintained discipline with short-term debt coming due, but executed several strategic initiatives, including diversifying our business model with an additional investment in Shem Creek Capital. Furthermore, we initiated a sale of non-performing mortgages which, we believe, will strengthen our balance sheet and enable us to redeploy capital toward more attractive opportunities in 2025. Thus, we continue to take decisive actions to position the Company for future growth given the ongoing macroeconomic environment challenges that we face. With our proven expertise in managing through market cycles, we are confident in our ability to navigate the current environment. Our focus moving forward will be to build our lending platform, increase our dividend and unlock value for our shareholders.”