Mar. 12 at 11:15 PM
$SACH 🔥 Huge turnaround year for Sachem Capital
• EPS swung from -
$0.93 loss (2024) → +
$0.04 profit (2025)
• Credit loss provisions collapsed from
$26.9M →
$3.3M
• Net income positive again (
$6.3M) after last year’s massive loss
• Real estate asset sales produced gains (
$4.1M)
• Debt structure improved – issued
$100M senior secured notes due 2030
• Reduced short-term borrowings & refinancing risk
• Allowance for credit losses reduced ~38%
• Loan portfolio stabilized (~
$375M)
• Operating expenses dropped
$2.6M YoY
Management clearly spent 2025 cleaning up the balance sheet and legacy problem loans.
Stock still trading around ~
$1.09 vs
$2.46 book value
➡️ ~0.44x book value
➡️ ~18% dividend yield
If credit issues continue improving, this valuation gap could close fast.
Earnings call tomorrow before market opens.