Real estate lender Sachem Capital Q3 revenue drops 19% on lower loan originations, higher bad loans

Overview

• Sachem Capital Q3 revenue falls to $12 mln, down from $14.8 mln last year

• Net loss for Q3 2025 narrows to $0.1 mln from $6.1 mln last year

• Company completes $100 mln senior secured notes placement, repays $56.3 mln in notes

Outlook

• Sachem Capital aims to capitalize on high-quality lending opportunities into 2026

Result Drivers

• REVENUE DECLINE - Revenue fell due to lower net new loan origination and elevated nonperforming loans

• DEBT MATURITY - Co completed $100 mln senior secured notes placement, repaid $56.3 mln in notes to extend debt maturity profile

• CREDIT LOSS REDUCTION - Significant decrease in credit loss provision due to prior year build-up and addressing nonperforming loans

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 5 "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 $Sachem Capital Corp(SACH-A)$ is $1.25, about 14.4% above its November 4 closing price of $1.07

• The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release: ID:nGNX7T1qb2

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(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.)