Sachem Capital Corp. reported financial results for the quarter ended March 31, 2026.
“On May 20, 2026, Sachem Capital Corp. (the “Company”) issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference, announcing its financial results for the three month period ended March 31, 2026.”
Material Agreements
Sachem Capital Corp. entered into Contribution Agreement with Industrial Realty Group Global, LLC valued at an assumed implied gross asset value of the IRG Global portfolio to be contributed of approximately (effective 2026-05-17).
“On May 17, 2026, Sachem Capital Corp., a New York corporation (“Sachem” or “Transferee Parent”), entered into a Contribution Agreement (the “Contribution Agreement”) with Industrial Realty Group Global, LLC, a Delaware limited liability company (“IRG Global”).”
Earnings Releases
Sachem Capital Corp. reported the year ended December 31, 2025 results: net income $1.8 million, or $0.04 per common share.
“Sachem Capital Corp. (the “Company”) issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference, announcing its financial results for the year ended December 31, 2025.”
Material Agreements
Sachem Capital Corp. amended Amendment No. 2 with Needham Bank (effective 2026-01-21).
“On January 21, 2026, Sachem Capital Corp. (the “Company”) entered into Amendment No. 2 (“Amendment No. 2”) to the Credit, Security and Guaranty Agreement, among the Company, as the guarantor, SN Holdings, LLC, a Connecticut limited liability company and wholly owned subsidiary of the Company, as the borrower, Needham Bank, a Massachusetts co-operative bank, as the administrative agent for the lenders party thereto with respect to the $50 million revolving credit facility (the “Needham Credit Facility”).”
Governance Changes
Sachem Capital Corp.: Increased authorized Preferred Shares from 2,903,000 to 3,332,000 and reserved Common Shares upon conversion at 83,300,000 (effective 2025-11-13).
“On November 13, 2025, the Company filed an amendment of the Certificate of Incorporation, as previously amended with the Department of State of the State of New York to increase the number of authorized Preferred Shares from 2,903,000 to 3,332,000 and to fix the number of the Common Shares reserved upon conversion of the Preferred Shares at 83,300,000 (the “Charter Amendment”).”
Debt Financings
Sachem Capital Corp. incurred senior notes of $100 million aggregate principal amount with various institutional investors at 9.875% per annum maturing June 11, 2030.
“On June 11, 2025, Sachem Capital Corporation Holdings, LLC, an indirect, wholly-owned subsidiary of Sachem Capital Corp. (the "Company"), consummated a private placement of $100 million aggregate principal amount of Senior Secured Notes due June 11, 2030 (the "Notes") to various institutional investors under the Note Purchase and Guaranty Agreement (the "Agreement").”
Auditor Changes
Sachem Capital Corp. engaged Baker Tilly US, LLP as its auditor.
“Effective November 18, 2024, Sachem Capital Corp, (the " Company ") terminated its relationship with Hoberman & Lesser CPA’s, LLP (" Hoberman ") from serving as the Company’s independent registered public accounting firm and engaged Baker Tilly US, LLP (" Baker Tilly ") as its new independent registered public accounting firm.”
Auditor Changes
Sachem Capital Corp. dismissed Hoberman & Lesser CPA’s, LLP as its auditor.
“Effective November 18, 2024, Sachem Capital Corp, (the " Company ") terminated its relationship with Hoberman & Lesser CPA’s, LLP (" Hoberman ") from serving as the Company’s independent registered public accounting firm and engaged Baker Tilly US, LLP (" Baker Tilly ") as its new independent registered public accounting firm.”
Jeffery C. Walraven was appointed as Director at Sachem Capital Corp..
“On August 21, 2024, the Board appointed Jeffery C. Walraven to the Board with a term expiring at the 2024 Annual Meeting.”
Nicholas M. Marcello changed role as Chief Financial Officer at Sachem Capital Corp..
“On August 8, 2024, the Company promoted Nicholas M. Marcello to the position of Chief Financial Officer.”
John L. Villano changed role as Chief Financial Officer at Sachem Capital Corp..
“On June 5, 2024, the Company appointed Nicholas M. Marcello as its Interim Chief Financial Officer, replacing John L. Villano in that position.”
Nicholas M. Marcello was appointed as Interim Chief Financial Officer at Sachem Capital Corp..
“On June 5, 2024, the Company appointed Nicholas M. Marcello as its Interim Chief Financial Officer, replacing John L. Villano in that position.”
Earnings Releases
Sachem Capital Corp. reported first quarter ended March 31, 2024 results: revenue $17.2 million, net income $3.6 million, EPS $0.08 per share.
“31, 2024. --- EX-99.1 (EXHIBIT 99.1) --- EX-99.1 2 tm2414164d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 SACHEM CAPITAL REPORTS FIRST QUARTER 2024 RESULTS – REVENUES GREW 17.0% TO $17.2 MILLION - Company to Host Webcast and Conference Call - BRANFORD, Conn., May 10, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announced its financial results for”
Earnings Releases
Sachem Capital Corp. reported year ended December 31, 2023 results: revenue $65.6 million, net income approximately $12.1 million, or $0.27 per share, EPS $0.27 per share.
“and will continue our efforts to protect our capital and increase shareholder value.” Results of operations for year ended December 31, 2023 Total revenue increased 25.5% to $65.6 million, compared to $52.3 million for the year ended December 31, 2022. Revenue growth was due primarily to the growth in size of the company’s mortgage portfolio and increases in rates”
Shareholder Votes
Sachem Capital Corp. shareholders approved Advisory approval of Auditors at the 2023-09-07 meeting.
“Approved, on an advisory basis, the appointment of Hoberman & Lesser, LLP as the Company’s independent auditors for the 2023 fiscal year (“Advisory approval of Auditors”)”
Shareholder Votes
Sachem Capital Corp. shareholders approved Election of Directors at the 2023-09-07 meeting.
“Elected four incumbent directors to serve until the Company’s next annual meeting of shareholders or until their respective successors have been duly elected and qualified (“Election of Directors”)”
Earnings Releases
Sachem Capital Corp. reported the quarter ended June 30, 2023 results: revenue approximately $16.5 million, net income approximately $4.8 million, EPS $0.11 per share.
“(EXHIBIT 99.1) --- EX-99.1 2 tm2323840d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 SACHEM CAPITAL REPORTS SECOND QUARTER 2023 RESULTS – PRODUCES RECORD REVENUE GROWTH OF 31.2% TO $16.5 MILLION - Company to Host Webcast and Conference Call - BRANFORD, Conn., August 14, 2023 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announced its financial results”
Earnings Releases
Sachem Capital Corp. reported the quarter ended March 31, 2023 results: revenue approximately $14.7 million, net income approximately $4.2 million, or $0.10 per share.
“three month period ended March 31, 2023. --- EX-99.1 (EXHIBIT 99.1) --- EX-99.1 2 tm2315950d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Sachem Capital Revenue Increases 42.8% to $14.7 Million for the First Quarter 2023 BRANFORD, Conn., May 15, 2023 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announced its financial results for the quarter ended”
John L. Villano was appointed as interim Chief Financial Officer at Sachem Capital Corp..
“The Board of Directors of the Company appointed John L. Villano, CPA, the company’s Chief Executive Officer, as interim Chief Financial Officer until the Company hires a new chief financial officer to replace Mr. Warch.”
John E. Warch departed as Chief Financial Officer at Sachem Capital Corp..
“On May 8, 2023, Sachem Capital Corp. (the “Company”) announced the departure of John E. Warch, its Chief Financial Officer effective as of May 4, 2023.”
Earnings Releases
Sachem Capital Corp. reported the year ended December 31, 2022 results: revenue $52.3 million, net income $17.2 million, EPS $0.46 per share.
“Sachem Capital Reports Record 2022 Annual Revenue of $52.3 Million and Net Income Attributable to Common Shareholders of $17.2 Million or $0.46 per Share”
Debt Financings
Sachem Capital Corp. incurred revolving credit of $45 million with Needham Bank at the greater of (i) the annual rate of interest equal to the 'prime rate,' as pub maturing March 2, 2026.
“On March 2, 2023, Sachem Capital Corp. (the “ Company ”) entered into Credit and Security Agreement (the “ Credit Agreement ”), with Needham Bank, a Massachusetts co-operative bank, as the administrative agent (the “ Administrative Agent ”) for the lenders party thereto (the “ Lenders ”) with respect to a $45 million revolving credit facility (the “ Credit Facility ”).”
Material Agreements
Sachem Capital Corp. entered into Credit Agreement with Needham Bank valued at $45 million (effective 2023-03-02).
“On March 2, 2023, Sachem Capital Corp. (the “ Company ”) entered into Credit and Security Agreement (the “ Credit Agreement ”), with Needham Bank, a Massachusetts co-operative bank, as the administrative agent (the “ Administrative Agent ”) for the lenders party thereto (the “ Lenders ”) with respect to a $45 million revolving credit facility (the “ Credit Facility ”).”
William C. Haydon resigned as Chief Investment Officer, Chief Credit Officer and Director Investor Relations at Sachem Capital Corp..
“On January 10, 2023, William C. Haydon, resigned from his position as the Chief Investment Officer, Chief Credit Officer and Director Investor Relations of Sachem Capital Corp.”
Earnings Releases
Sachem Capital Corp. reported three months ended September 30, 2022 results: revenue $13.5 million, net income $4.1 million, EPS $0.11.
“Sachem Capital Revenue Increases 58.9% to $13.5 Million for the Third Quarter 2022 Achieves $4.1 Million of Net Income Attributable to Common Shareholders and $5.2 Million of Non-GAAP Adjusted Earnings, Representing Earnings Per Share of $0.11 and $0.13, Respectively”
John L. Villano changed role as Chief Financial Officer at Sachem Capital Corp..
“Mr. Warch is replacing John L. Villano as the Company’s Chief Financial Officer.”
John E. Warch was appointed as Executive Vice President and Chief Financial Officer at Sachem Capital Corp..
“Effective on August 1, 2022, the Company appointed John E. Warch as the Company’s Executive Vice President and Chief Financial Officer.”
Peter J. Cuozzo retired as Executive Vice President and Chief Operating Officer at Sachem Capital Corp..
“On January 5, 2022, Peter J. Cuozzo, Executive Vice President and Chief Operating Officer of Sachem Capital Corp. (the “Company”), informed the Company of his decision to retire from all of his positions with the Company effective January 14, 2022.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.