Sachem Capital Corp.SACH
What Sachem Capital Corp. does.
We were organized as a New York corporation in January 2016 under the name HML Capital Corp. On December 15, 2016, we changed our name to Sachem Capital Corp. Prior to February 8, 2017, our business operated as a Connecticut limited liability company under the name Sachem Capital Partners, LLC (“SCP”). On February 9, 2017, we completed our initial public offering (the “IPO”) in which we issued and sold 2.6 million common shares, $0.001 par value per share, (“Common Shares”). We believe that since the consummation of the IPO, we have qualified as a real estate investment trust (“REIT”) and we elected to be taxed as a REIT beginning with our 2017 tax year. We believe that it is in the best interests of our shareholders that we continue to operate as a REIT. As a REIT, we are required to distribute at least 90% of our taxable income to our shareholders on an annual basis. To the extent we distribute less than 100% of our taxable income to our shareholders (but more than 90%), we will maintain our REIT status but the undistributed portion will be subject to regular corporate income taxes. As a REIT, we may also be subject to federal excise taxes and minimum state taxes. We intend to continue to operate in a manner that will permit us to maintain our exemption from registration under the Investment Company Act.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $18.6M | $30.4M | $52.3M | $64.7M | $57.5M | $21.5M |
| Net income | $9.0M | $13.3M | $20.9M | $15.9M | -$39.6M | $6.3M |
| Free cash flow | $9.5M | $27.0M | $11.6M | — | — | — |
More on SACH.
- Sachem Capital Corp. summary
- Sachem Capital Corp. financial statements
- Sachem Capital Corp. key metrics
- Sachem Capital Corp. health scores and style box
- Sachem Capital Corp. earnings
- Sachem Capital Corp. dividends
- Sachem Capital Corp. valuation
- Sachem Capital Corp. ownership and insiders
- Sachem Capital Corp. peers
Figures from Sachem Capital Corp.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.