other material
confidence high
sentiment positive
materiality 0.65
Sachem Capital expects 2025 EPS of $0.01-$0.04 vs loss of $0.93; extends credit facility
Sachem Capital Corp.
- Preliminary 2025 net income per common share expected $0.01-$0.04, vs net loss of $0.93 in 2024.
- Book value per share expected $2.43-$2.46, down from $2.64 at year-end 2024 due to dividends exceeding net income.
- Sold Westport CT office for $19.9M net proceeds, realizing ~$4.0M book gain in Q4 2025.
- Acquired Naples FL condominium assets via noncash exchange; Urbane Capital to manage development and sales over 18-24 months.
- Needham Bank credit facility extended to March 2028 with option for one more year; liquidity strengthened.