Education
About Us
Working with TipRanks
Follow Us
Sachem Capital (SACH)
:SACH
Earnings Data
Report Date
May 09, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.06Last Year’s EPS
0.08Same Quarter Last Year
Based on 2 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Mar 27, 2025
|% Change Since: -8.70%
|Next Earnings Date:May 09, 2025
Earnings Call Sentiment|Negative
Sachem Capital's earnings call highlighted significant challenges faced in 2024, including a substantial increase in non-performing loans, a significant net loss, and a decreased book value. Despite these challenges, the company has taken strategic steps to stabilize its portfolio and diversify its business model. Successful loan sales and strategic partnerships provide some positive outlook, but the overall sentiment is clouded by financial losses and ongoing challenges.Company Guidance
During the call, Sachem Capital Corp. provided guidance on various financial metrics for the year 2024. The company reported a non-performing loan book of $102.9 million, with foreclosures accounting for $36.3 million. They also highlighted a $56 million unpaid principal balance (UPB) sale of non-performing loans, which generated $36.1 million in cash proceeds. The loan portfolio includes 157 loans with a gross principal value of $377 million and a weighted average contractual interest rate of 12.53%. Additionally, the company funded approximately $134 million in loans, modifications, and extensions throughout the year. Despite challenges, Sachem Capital remains confident in its financial position, with a book value of $2.64 per share and plans to continue resolving its real estate-owned (REO) and non-performing loans (NPLs). The company's partnership with Shem Creek Capital also generated approximately $5.1 million in revenue, reflecting a strong yield from multifamily investments. Looking ahead, Sachem Capital is focused on securing affordable capital to support future growth and maintaining a robust pipeline of potential opportunities.Diversified Business Model
Sachem Capital has diversified its business model with three verticals: everyday lending, multifamily workforce specialization through Shem Creek, and in-house construction expertise. This diversification strengthens the business as a whole, providing cash flow stability and potential growth opportunities.
Successful Loan Sales
During the fourth quarter, Sachem Capital closed on a $56 million UPB sale of non-performing loans, receiving $36.1 million in cash proceeds, which helped stabilize the portfolio and prepare for future growth.
Strategic Partnerships
The partnership with Shem Creek Capital has grown, with investments totaling $48.9 million in 28 projects. This generated approximately $5.1 million in revenue, representing an attractive low-risk double-digit yield.
New Credit Facility
Sachem Capital closed on a new credit facility with Needham Bank, providing up to $50 million of committed available liquidity, replacing the previous facility and eliminating a loan covenant matter.
---
SACH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
SACH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 27, 2025 | $1.15 | $1.04 | -9.57% |
| Nov 14, 2024 | $1.82 | $1.69 | -7.14% |
| Aug 14, 2024 | $2.18 | $2.10 | -3.67% |
| May 10, 2024 | $2.88 | $2.88 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Sachem Capital (SACH) report earnings?
Sachem Capital (SACH) is schdueled to report earning on May 09, 2025, TBA Not Confirmed.
What is Sachem Capital (SACH) earnings time?
Sachem Capital (SACH) earnings time is at May 09, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SACH EPS forecast?
SACH EPS forecast for the fiscal quarter 2025 (Q1) is -0.06.
---