Sachem Capital
Provides short-duration first-mortgage bridge and construction loans for real-estate investors.
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Profile
Makes short-duration, first-mortgage loans to real-estate investors and developers, earning interest and loan fees. In-house underwriting and servicing support flexible bridge and construction financing, while funding costs, borrower property exits, and REIT requirements shape the model.
Provides short-duration, non-bank mortgage loans to real-estate investors and developers acquiring, renovating, developing, or improving residential and commercial investment properties. Bridge, land-development, distressed-acquisition, fix-and-flip, and construction loans are normally secured by first-mortgage liens, generating income from contractual interest and loan-related fees.
Operates across the United States, with collateral weighted toward the Eastern Seaboard. Underwriting, loan servicing, construction oversight, and collateral workouts are handled in-house, including through Urbane Capital. Repayment often depends on borrowers refinancing or selling completed properties, while loan yields must exceed the cost of funding from equity, preferred stock, notes, credit facilities, and loan repayments.
Maintains REIT taxation by meeting income, asset, ownership, and distribution tests, and relies on a real-estate-interest exclusion under the Investment Company Act.
Company facts
Key statistics
Year to date −14.4% · Average volume (30d) 122.9K
Analysts
Ratings
Target range
Latest analyst notes
No analyst notes in the last 24 months.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.00 | −$0.14 | — | $11.2M | $9.4M | −16.3% | −1.80% |
| May 20, 2026Q1 FY26 | $0.02 | −$0.15 | −766.7% | $9.4M | $11.0M | +16.8% | +11.57% |
| Mar 12, 2026Q4 FY25 | $0.00 | $0.02 | — | $12.2M | $11.3M | −7.1% | −3.67% |
| Nov 5, 2025Q3 FY25 | $0.01 | $0.02 | +112.6% | $12.2M | $12.0M | −1.3% | 0.00% |
Financial highlights
| 11 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $9.3M | $11.8M | $11.9M | $10.8M | $11.2M | $9.4M | |
| Gross profit | $2.1M | $4.7M | $4.5M | $10.5M | $11.0M | $9.2M | |
| Operating income | $904.0K | $1.9M | $997.0K | $5.8M | $1.3M | $3.3M | |
| Net income | $904.0K | $1.9M | $997.0K | $2.5M | −$6.1M | −$5.4M | |
| Diluted EPS | −$0.00 | $0.02 | −$0.00 | $0.03 | −$0.15 | −$0.14 | |
| Gross margin | 22.9% | 40.1% | 38.1% | 97.1% | 98.4% | 98.7% | |
| Operating margin | 9.8% | 16.0% | 8.4% | 53.3% | 11.6% | 35.6% |
Fiscal years (4-quarter sums)FY24 −$15.9M · FY25 $43.8M
Balance sheet, Jun 30, 2026Cash & short-term investments $29.6M · Total debt $306.3M · Total assets $472.9M · Shareholders' equity $158.8M
Dividends
Last cut to $0.01 from $0.05 in Jun 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 15, 2026 | Jun 15 | Jun 30 | $0.01 | cut from $0.05 |
| Mar 13, 2026 | Mar 15 | Mar 30 | $0.05 | |
| Dec 15, 2025 | Dec 15 | Dec 30 | $0.05 | |
| Sep 15, 2025 | Sep 15 | Sep 30 | $0.05 | |
| Jun 16, 2025 | Jun 16 | Jun 30 | $0.05 | |
| Mar 17, 2025 | Mar 17 | Mar 31 | $0.05 | |
| Nov 18, 2024 | Nov 18 | Nov 26 | $0.05 | cut from $0.08 |
| Jul 29, 2024 | Jul 29 | Aug 6 | $0.08 | cut from $0.11 |
Ownership
Shares outstanding 47.96M · Float 45.28M · 94.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Panoramic Investment Advisors, LLC | 2.83M | 5.90% | 13F | May 7, 2026 |
| Melia Wealth LLC | 2.83M | 5.90% | 13F | May 8, 2026 |
| Vanguard Capital Management LLC | 2.10M | 4.37% | 13F | May 15, 2026 |
| Cox Capital MGT LLC | 1.14M | 2.38% | 13F | Apr 14, 2026 |
| Geode Capital Management, LLC | 782.8K | 1.63% | 13F | May 15, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Manhattan Bridge Capital
Closest match in short-term hard-money bridge and fix-and-flip loans.
- Ready Capital
Commercial bridge and construction credit for the same investor base.
- Arbor Realty Trust
Scale competitor in bridge credit for multifamily and rental assets.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Sachem Capital | $0.8940 | +0.45% | $42.9M | — | — | 1.0 | −13.1% |
| Manhattan Bridge Capital | $4.04 | 0.00% | $46.6M | 9.8 | 9.4 | 5.7 | −13.2% |
| Ready Capital | $1.86 | +1.36% | $302.4M | — | — | 0.7 | −107.6% |
| Arbor Realty Trust | $5.06 | 0.00% | $973.3M | 37.4 | 12.0 | 0.8 | −11.1% |
| Median | 23.6 | 10.7 | 0.8 | −13.2% |