earnings
confidence high
sentiment positive
materiality 0.65
Sachem Capital swings to FY2025 net income of $1.8M vs FY2024 loss of $43.9M
Sachem Capital Corp.
- Net income attributable to common shareholders of $1.8M ($0.04/share) vs net loss of $43.9M ($(0.93)/share) in 2024.
- Net interest income fell to $11.7M from $20.5M; net interest margin compressed to 3.1% from 4.4%.
- Issued $100M Senior Secured Notes due 2030 at 9.875%; reduced near-term refinancing concentration.
- Sale of Westport, CT property generated $19.9M net proceeds and $4.0M book gain.
- Book value per common share declined to $2.46 from $2.64; total assets $460M vs $492M.