Sachem Capital Corp.

Symbol: SACH
CIK: 1682220
Exchange: NYSE
Founded: 2010 (9 years)
HQ: Branford, CT, United States
Type of REIT: Mortgage REIT
Listing Status: Public
Market Capitalization: Micro-Cap
REIT Sector: Mortgage

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Overall Score: 5.6

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REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day December 6, 2019


Open Price: $4.33
Closing Price: $4.35
Price Change: 0.03 (0.694%)
Lowest Price: $4.323
Highest Price: $4.382

52-Week Low: $3.80
52-Week High: $5.70
52-Week Change: 10.13%

5 Day Price Change: -0.46%
1 Month Price Change: -4.85%
3 Month Price Change: -5.06%
6 Month Price Change: -16.76%
YTD Price Change: 7.46%
1 Year Price Change: 9.37%
2 Year Price Change: 9.09%
5 Year Price Change: -14.29%

Dividend of Trading Day December 6, 2019


Dividend Yield: 11.034%*
Annualized Dividend: $0.48*
Dividend Yield (TTM): 12.184%
Annualized Dividend (TTM): $0.53
Ex Dividend Date: 2019-10-10
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes.

Latest News Headlines


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Key Stats of Trading Day December 6, 2019


Total Cash: $171,676
Current Debt: $10,645
Revenue: $11,638,506
Gross Profit: $11,605,977
Total Revenue: $11,638,506
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $9,462,830
Revenue Per Share: $1
Revenue Per Employee: $1,058,046
Employee: 11
Debt to Equity Ratio (D/E): 0.52
Profit Margin: 0.67%
Enterprise Value (EV): $123,547,381
Enterprise Value to Revenue (EV/R): 10.62
Price to Sales (P/S): 8.27
Price to Book (P/B): 1.82
Peg Ratio: N/A
P/E Ratio: 10.98
P/E High: 17.27
P/E Low: 11.52
Forward P/E Ratio: N/A
Market Capitalization: $96,208,950
Beta: -0.03
Latest Volume: 39,262.00
Avg. Total Volume: 95,205
Avg. 10 Volume: 89,881.10
Avg. 30 Volume: 95,204.50
TTM EPS: 0.40
TTM Dividend Rate: 0.53
Shares Outstanding: 22,117,000
Float: 18,703,152.58
50-Day Moving Avg.: 4.50
200-Day Moving Avg.: 4.73

Latest REIT Community Comments on #SACH


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Dividend History


Below are the most recent cash dividends paid by SACH, and the Ex-Dividend Date of the dividend. The percent difference from one dividend payment to the next has also been calculated for your convenience.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date

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Financial Statements Overview

Balance Sheet (Quarterly)

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Current Cash 11,004,943 3,095,818 1,069,393 171,676
Receivables 0 0 0 0
Inventory 4,403,906 3,988,561 3,964,037 2,055,520
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 0 0 0 0
Property, Plant & Equipment Net 1,370,305 1,510,188 1,377,217 1,192,107
Goodwill 0 0 0 0
Intangible Assets 0 0 0 0
Other Assets 4,479,430 4,083,380 4,568,050 2,623,980
Net Tangible Assets 84,255,533 69,416,073 57,090,838 52,802,815
Total Assets 109,278,891 95,929,721 92,319,647 86,014,050
Accounts Payable 0 0 0 0
Liabilities (Other) 1,734,200 1,689,770 3,844,190 5,701,130
Current Liabilities (Other) 0 0 0 2,624,566
Total Current Liabilities 0 0 0 0
Current Long-term Debt 13,697 13,697 13,595 10,645
Long-term Debt 23,275,466 24,810,181 31,253,244 27,499,462
Total Liabilities 25,023,358 26,513,648 35,228,809 33,211,235
Minority Interest 0 0 0 0
Common Stock 22,088,325 18,906 15,950 15,439
Retained Earnings 445,771 739,137 1,650,721 -405,483
Treasury Stock 0 0 0 0
Capital Surplus 83,787,674 68,658,030 55,424,167 53,192,859
Shareholder Equity 84,255,533 69,416,073 57,090,838 52,802,815

Income Statement (Quarterly)

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Total Revenue 3,366,123 3,065,136 3,339,878 2,948,106
Cost of Revenue 18,618 18,164 7,503 12,227
Gross Profit 3,347,505 3,046,972 3,332,375 2,935,879
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 746,731 672,807 655,582 707,873
Operating Income 2,580,030 2,375,190 2,670,110 2,287,190
Income Expense Net (Other) -524,944 -1,232,047 -613,906 -650,020
EBIT 2,580,030 2,375,190 2,670,110 2,287,190
Interest Income 537,878 452,406 621,048 566,979
Pretax Income 2,055,086 1,143,143 2,056,204 1,637,170
Income Tax 0 0 0 0
Minority Interest 0 0 0 0
Net Income 2,055,086 1,143,143 2,056,204 1,637,170
Net Income Basic 2,055,086 1,143,143 2,056,204 1,637,170

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Net Income 2,055,086 1,143,143 2,056,204 1,637,170
Depreciation 18,619 18,164 7,503 12,227
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change 7,909,129 2,026,425 897,717 -372,227
Cash Flow 3,762,212 2,561,821 1,153,247 2,463,368
Capital Expenditures -131,959 -3,161 -504,700 -816,155
Investments 97,327 140,001 124,808 1,176,020
Investing Activity (Other) -13,647,576 -15,689,085 -12,827,043 -4,799,845
Total Investing Cash Flows -6,863,343 -2,935,442 -4,725,272 -751,541
Dividends Paid -2,348,453 -2,054,727 -2,624,566 -1,852,430
Net Borrowings -1,770,005 -8,777,939 4,866,592 -71,998
Cash Flow Financing 11,010,261 2,400,045 4,469,742 -2,084,054
Financing Cash Flows (Other) 0 0 0 -160,479
Exchange Rate Effect 0 0 0 0

About Sachem Capital Corp.


Sachem Capital Corp. (SCC), is the successor to Sachem Capital Partners, LLC (SCP) having acquired all of SCP’s assets and assumed all of SCP’s liabilities in February 2017. Immediately thereafter, SCC completed an underwritten initial public offering of its shares. (Except where otherwise stated to the contrary, SCC and SCP are, collectively, referred to as the “Company”.) The Company specializes in originating, underwriting, funding, servicing and managing a portfolio of first mortgage loans. It offers short term (i.e., three years or less) secured, non­banking loans (sometimes referred to as “hard money” loans) to real estate investors to fund their acquisition, renovation, development, rehabilitation or improvement of properties located primarily in Connecticut. The Company does not lend to owner occupants. The Company’s primary underwriting criteria is a conservative loan to value ratio. The properties securing the Company’s loans are generally classified as residential or commercial real estate and, typically, are held for resale or investment. Each loan is secured by a first mortgage lien on real estate and may also be secured with additional real estate collateral. Each loan is also personally guaranteed by the principal(s) of the borrower, which guaranty may be collaterally secured by a pledge of the guarantor’s interest in the borrower. The Company also makes opportunistic real estate purchases apart from its lending activities. SCC believes that it qualifies as a real estate investment trust (REIT) for federal income tax purposes and intends to make the election to be taxed as a REIT when it files its 2017 federal income tax return.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.2
Rating AFFO & Efficiency Section Avg. Rating
Rating Leverage Section Avg. Rating
8 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 5.0
7 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 5.7
0 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
9 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.2
9 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
10 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.8
10 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.3
Rating Properties Section Avg. Rating
5.6 Overall REITRating™ Score 6.4

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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