Brief: Sachem Capital Corp. Q2 Revenue USD 10.8 Million

Sachem Capital

05/08/2025 12:00

Overview

Sachem Capital Q2 revenue falls to $10.8 mln from $15.1 mln year-over-year

Net income for Q2 reaches $0.8 mln, reversing a loss from last year

Operating expenses drop due to reduced credit loss provisions

Company closes $100 mln private placement of senior secured notes

Result Drivers

NONPERFORMING LOANS - Elevated nonperforming loans impacted year-over-year revenue, per CEO John Villano

LOAN ORIGINATION DECLINE - Revenue decline attributed to lower net new loan origination over the past 12 months

CREDIT LOSS PROVISION - Significant reduction in provision for credit losses helped decrease operating expenses

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
$10.80 mln
Q2 EPS
$0.02
Q2 Net Income
$800,000


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the specialized reits peer group is "buy."

Wall Street's median 12-month price target for Sachem Capital Corp is $1.88, about 37.3% above its July 31 closing price of $1.18

Press Release: ID:nGNXbCWzmQ

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)