Successful Diversification and Partnerships
Sachem Capital has successfully diversified its business model and cash flow sources through two partnerships, Urbane New Haven and Shem Creek Capital, which add stability to income and create growth opportunities.
Improved Income from Investments
Income from preferred membership in Shem Creek LLC investment earnings increased approximately 71.7% compared to the first quarter of 2024, generating approximately $2 million in revenue.
Reduction in Operating Expenses
Total operating expenses were reduced by 16.9% compared to the prior year's quarter, primarily driven by lower interest and amortization expenses.
Stable Book Value
Book value per common share at March 31st, 2025, was $2.57, demonstrating stability and effective management of delinquencies and non-performing loans.