SACH on NYSE
Sachem Capital Corp.
American real estate investment trust, incorporated in New York. Summary from the record
Price unavailable
Last updated Oct 19, 2026.
Overview
Compare with Ares Commercial Real Estate Corp, Alpine Income Property Trust, Inc. or Farmland Partners Inc., or pick any stock.
- TickerSACH on NYSE1
- IndustryReal Estate Investment Trusts1
- HeadquartersBranford, Connecticut1
- Incorporated inNY2
- Business address568 East Main Street, Branford, Ct 064052
- Filer categoryNon-accelerated filer, Smaller reporting company2
See how the biggest companies compare on our leaderboards
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 d…3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2024
-30.9%Operating margin4
-68.8%Net margin5
-11.2%Revenue growth, 20244
-21.8%Return on equity5
1.27×Debt to equity4
Where the money goes
Where each dollar of revenue went, fiscal 2024
- Other costs100¢$57.3M
- Income tax0¢$200.0K
Out of $57.5M in revenue.45 The company lost money this year.
Where each dollar of operating cash went, fiscal 2024
- Dividends paid92¢$16.5M
- Share buybacks8¢$1.5M
Out of $12.9M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.5
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Interest income from loans | $32.2M | $43.2M |
| Interest income from limited liability company investments | $4.8M | $5.1M |
| Interest expense and amortization of deferred financing costs | -$25.4M | -$27.8M |
| Net interest income | $11.7M | $20.5M |
| Provision for credit losses related to loans held for investment | -$3.3M | -$26.9M |
| Gain (loss) on sale of loans | $121.0K | -$22.0M |
| Change in valuation allowance related to loans held for sale | $1.0M | -$4.9M |
| Net interest income (loss) after provision for credit losses related to loans held for investment, gain (loss) on sale of loans, and changes in valuation allowance related to loans held for sale | $9.5M | -$33.3M |
| Fee income from loans | $6.0M | $8.6M |
| Income from limited liability company investments | $467.0K | $112.0K |
| Other investment income | $141.0K | $391.0K |
| Gain on investment securities | $1.6M | $178.0K |
| Other income | $1.7M | $122.0K |
| Total other income | $9.9M | $9.4M |
| Compensation and employee benefits | -$7.7M | -$6.8M |
| General and administrative expenses | -$6.5M | -$6.8M |
| Impairment loss on real estate owned | -$1.1M | -$492.0K |
| Gain on sale of investments in developmental real estate, real estate owned, and property and equipment, net | $4.1M | $439.0K |
| Other expenses | -$1.9M | -$2.0M |
| Total operating expenses | -$13.1M | -$15.7M |
| Net income (loss) | $6.3M | -$39.6M |
| Preferred stock dividends | -$4.5M | -$4.3M |
| Net income (loss) attributable to common shareholders | $1.8M | -$43.9M |
| Basic (loss) earnings per Common Share (in dollars per share) | $0.04 | -$0.93 |
| Diluted (loss) earnings per Common Share (in dollars per share) | $0.04 | -$0.93 |
| Basic weighted average Common Shares outstanding (in shares) | 46.9M shares | 47.4M shares |
| Diluted weighted average Common Shares outstanding (in shares) | 46.9M shares | 47.4M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $10.9M | $18.1M | |
| Investment securities (at fair value) | $936.0K | $1.5M | |
| Loans held for sale (net of valuation allowance of $- and $4,880, respectively) | $0 | $11.0M | |
| Interest and fees receivable (net of allowance of and ) | $4.1M | $3.8M | |
| Due from borrowers (net of allowance of and ) | $7.0M | $5.2M | |
| Real estate owned (net of impairment of and ) | $16.4M | $18.6M | $3.5M |
| Investments in limited liability companies | $39.1M | $53.9M | |
| Investments in developmental real estate, net | $9.7M | $14.0M | |
| Property and equipment, net | $3.2M | $3.2M | |
| Other assets | $5.0M | $6.2M | |
| Total assets | $460.0M | $492.0M | |
| Notes payable (net of deferred financing costs of $1,905 and $3,713) | $171.3M | $226.5M | |
| Senior Notes | $86.6M | $0 | |
| Repurchase agreements | $0 | $33.7M | |
| Mortgage payable | $917.0K | $1.0M | |
| Lines of credit | $19.0M | $40.0M | |
| Accounts payable and accrued liabilities | $3.3M | $4.4M | |
| Advances from borrowers | $4.0M | $4.0M | |
| Below market lease intangible | $0 | $665.0K | |
| Total liabilities | $285.1M | $310.3M | |
| Preferred shares - $0.001 par value; 5,000,000 shares authorized; 3,332,000 and 2,903,000 shares designated as Series A Preferred Stock at December 31, 2025 and 2024, respectively; 2,312,758 and 2,306,748 shares of Series A Preferred Stock issued and outstanding at December 31, 2025 and 2024, respectively | $2.0K | $2.0K | |
| Common stock - $0.001 par value; 200,000,000 shares authorized; 47,684,955 and 46,965,306 issued and outstanding at December 31, 2025 and 2024, respectively | $48.0K | $47.0K | |
| Additional paid-in capital | $257.9M | $257.0M | |
| Cumulative net earnings | $41.8M | $35.5M | |
| Cumulative dividends paid | -$124.8M | -$110.9M | |
| Total shareholders equity | $174.9M | $181.7M | $230.1M |
| Total liabilities and shareholders equity | $460.0M | $492.0M | |
| Net of deferred loan fees | $2.2M | $1.9M | |
| Valuation allowance | $15.9M | $23.7M | $9.3M |
| Impairment loss on real estate owned | $1.1M | $465.0K | |
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Preferred stock, shares authorized (in shares) | 5.0M shares | 5.0M shares | |
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Common shares, shares authorized (in shares) | 200.0M shares | 200.0M shares | |
| Common shares, shares issued (in shares) | 47.7M shares | 47.0M shares | |
| Common shares, shares outstanding (in shares) | 47.7M shares | 47.0M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $10.9M | $18.1M | |
| Investment securities (at fair value) | $936.0K | $1.5M | |
| Loans held for sale (net of valuation allowance of $- and $4,880, respectively) | $0 | $11.0M | |
| Interest and fees receivable (net of allowance of and ) | $4.1M | $3.8M | |
| Due from borrowers (net of allowance of and ) | $7.0M | $5.2M | |
| Real estate owned (net of impairment of and ) | $16.4M | $18.6M | $3.5M |
| Investments in limited liability companies | $39.1M | $53.9M | |
| Investments in developmental real estate, net | $9.7M | $14.0M | |
| Property and equipment, net | $3.2M | $3.2M | |
| Other assets | $5.0M | $6.2M | |
| Total assets | $460.0M | $492.0M | |
| Notes payable (net of deferred financing costs of $1,905 and $3,713) | $171.3M | $226.5M | |
| Senior Notes | $86.6M | $0 | |
| Repurchase agreements | $0 | $33.7M | |
| Mortgage payable | $917.0K | $1.0M | |
| Lines of credit | $19.0M | $40.0M | |
| Accounts payable and accrued liabilities | $3.3M | $4.4M | |
| Advances from borrowers | $4.0M | $4.0M | |
| Below market lease intangible | $0 | $665.0K | |
| Total liabilities | $285.1M | $310.3M | |
| Preferred shares - $0.001 par value; 5,000,000 shares authorized; 3,332,000 and 2,903,000 shares designated as Series A Preferred Stock at December 31, 2025 and 2024, respectively; 2,312,758 and 2,306,748 shares of Series A Preferred Stock issued and outstanding at December 31, 2025 and 2024, respectively | $2.0K | $2.0K | |
| Common stock - $0.001 par value; 200,000,000 shares authorized; 47,684,955 and 46,965,306 issued and outstanding at December 31, 2025 and 2024, respectively | $48.0K | $47.0K | |
| Additional paid-in capital | $257.9M | $257.0M | |
| Cumulative net earnings | $41.8M | $35.5M | |
| Cumulative dividends paid | -$124.8M | -$110.9M | |
| Total shareholders equity | $174.9M | $181.7M | $230.1M |
| Total liabilities and shareholders equity | $460.0M | $492.0M | |
| Net of deferred loan fees | $2.2M | $1.9M | |
| Valuation allowance | $15.9M | $23.7M | $9.3M |
| Impairment loss on real estate owned | $1.1M | $465.0K | |
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Preferred stock, shares authorized (in shares) | 5.0M shares | 5.0M shares | |
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Common shares, shares authorized (in shares) | 200.0M shares | 200.0M shares | |
| Common shares, shares issued (in shares) | 47.7M shares | 47.0M shares | |
| Common shares, shares outstanding (in shares) | 47.7M shares | 47.0M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income (loss) | $6.3M | -$39.6M |
| Amortization of deferred financing costs | $2.2M | $2.5M |
| Depreciation expense | $525.0K | $372.0K |
| Stock-based compensation | $840.0K | $863.0K |
| Provision for credit losses related to loans held for investment | $3.3M | $26.9M |
| Change in valuation allowance related to loans held for sale | -$1.0M | $4.9M |
| (Gain) loss on sale of loans | -$121.0K | $22.0M |
| Impairment loss on real estate owned | $1.1M | $492.0K |
| Gain on sale of investments in developmental real estate, real estate owned, and property and equipment, net | -$4.1M | -$439.0K |
| Gain on extinguishment of debt | -$140.0K | $0 |
| Gain on investment securities | -$1.6M | -$178.0K |
| Deferred loan fees revenue | $280.0K | -$2.7M |
| Interest and fees receivable, net | -$191.0K | $2.5M |
| Other assets | -$766.0K | $2.7M |
| Due from borrowers, net | -$3.7M | -$1.4M |
| Accounts payable and accrued liabilities | -$268.0K | $1.0M |
| Advances from borrowers | -$31.0K | -$7.0M |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | $2.7M | $12.9M |
| Purchase of investment securities | $0 | -$7.8M |
| Proceeds from the sale of investment securities | $2.1M | $43.9M |
| Purchase of interests in limited liability companies | -$6.4M | -$18.3M |
| Proceeds from limited liability companies returns of capital | $21.3M | $7.4M |
| Proceeds from sale of real estate owned | $7.5M | $1.6M |
| Acquisitions of and improvements to real estate owned | $0 | -$510.0K |
| Proceeds from sale of investments in developmental real estate and property and equipment | $19.9M | $9.0K |
| Purchase of property and equipment | -$162.0K | -$77.0K |
| Improvements in investment in rental real estate | -$3.2M | -$3.0M |
| Principal disbursements for loans | -$151.8M | -$134.3M |
| Principal collections on loans | $140.2M | $191.0M |
| NET CASH PROVIDED BY INVESTING ACTIVITIES | $29.4M | $79.9M |
| Proceeds from lines of credit | $75.8M | $28.0M |
| Repayments on lines of credit | -$96.8M | -$49.8M |
| Proceeds from repurchase agreements | $11.7M | $19.1M |
| Repayments of repurchase agreements | -$45.4M | -$11.8M |
| Repayment of mortgage payable | -$85.0K | -$79.0K |
| Dividends paid on Common Shares | -$9.5M | -$16.5M |
| Dividends paid on Series A Preferred Stock | -$4.5M | -$4.3M |
| Proceeds from issuance of Senior Secured Notes | $90.0M | $0 |
| Payment of deferred financing costs | -$3.7M | $0 |
| Proceeds from issuance of common shares, net of expenses | $0 | $2.0M |
| Repurchase of Common Shares | $0 | -$1.5M |
| Proceeds from issuance of Series A Preferred Stock, net of expenses | $109.0K | $5.7M |
| Repayment of notes payable | -$56.8M | -$58.2M |
| NET CASH USED IN FINANCING ACTIVITIES | -$39.2M | -$87.3M |
| NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS | -$7.1M | $5.5M |
| Cash paid during the period for interest | $22.7M | $25.3M |
| Cash paid during the period for income tax | $63.0K | $115.0K |
| Real estate acquired in connection with foreclosure of certain mortgages | $22.1M | $28.6M |
| Loans held for sale transferred to loans held for investment | $15.8M | $0 |
| Loans held for investment transferred to held for sale | $0 | $15.8M |
| Developmental real estate acquired in settlement of loan held for investment | $1.7M | $0 |
| Developmental real estate transferred from real estate owned | $6.2M | $0 |
| Loans originated from sale of real estate owned | $840.0K | $989.0K |
No quarter-by-quarter statement was filed.
Leadership
Who has led Sachem Capital Corp., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
20202025
- Chief executive officerJeffrey C. Villano Feb 15, 2017 to Feb 15, 201713
- Chief executive officerJohn L. Villano Feb 15, 2017 to now14
- ChairJohn L. Villano Feb 15, 2017 to now14
- PresidentJohn L. Villano Apr 12, 2021 to now15
- PresidentJeffrey C. Villano Feb 15, 2017 to Feb 15, 201713
- Chief financial officerJeffery C. Walraven Sep 5, 2025 to now16
- Chief financial officerJohn L. Villano Feb 15, 2017 to Apr 12, 202114
- Chief operating officerPeter J. Cuozzo Jul 9, 2020 to Apr 12, 202117
Board members and other officers (11)
- OfficerJeffery C. Walraven Mar 11, 2025 to now18
- OfficerNicholas M. Marcello Jun 7, 2024 to now19
- OfficerJohn L. Villano Apr 7, 2022 to Apr 7, 202220
- See RemarksJohn E. Warch Aug 1, 2022 to Feb 15, 202321
- OfficerWilliam C. Haydon May 14, 2021 to Aug 15, 202222
- Board memberJeffery C. Walraven Aug 26, 2024 to now23
- Board memberJohn L. Villano Apr 7, 2022 to Apr 7, 202220
- Board memberArthur L. Goldberg Feb 15, 2017 to now24
- Board memberBrian A. Prinz Feb 15, 2017 to now25
- Board memberJeffrey C. Villano Feb 15, 2017 to Feb 15, 201713
- Board memberLeslie Bernhard Feb 15, 2017 to Nov 27, 202326
Timeline
Filings
223 filings to the SEC since October 2021: 5 annual reports, 17 quarterly reports, 87 major events, 44 insider forms, 9 large holders, 61 other. The latest 20:
- Sep 11, 2026DEF 14A EDGAR
- Sep 11, 2026ARS EDGAR
- Sep 4, 20268-K EDGAR
- Aug 6, 2026DEFA14A EDGAR
- Aug 6, 20268-K EDGAR
- Aug 5, 202610-Q EDGAR
- Jun 4, 20268-K EDGAR
- May 20, 2026DEFA14A EDGAR
- May 20, 20268-K EDGAR
- May 20, 202610-Q EDGAR
- May 18, 2026DEFA14A EDGAR
- May 18, 2026NT 10-Q EDGAR
- May 18, 2026DEFA14A EDGAR
- May 18, 20268-K EDGAR
- Mar 27, 2026SCHEDULE 13G/A EDGAR
- Mar 18, 20268-K EDGAR
- Mar 13, 202610-K EDGAR
- Mar 5, 20268-K EDGAR
- Feb 18, 20268-K EDGAR
- Jan 30, 2026SCHEDULE 13G EDGAR
The 223 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
19 open-market trades by officers, directors and large owners since October 2021: 14 buys and 5 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Nov 20, 2024 | Villano John L.Chairman, CEO and President | Buy | 124,660 | $1.61 | $200.7K | Form 4 |
| Nov 22, 2023 | Bernhard LeslieDirector | Sale | 2,750 | $3.59 | $9.9K | Form 4 |
| Nov 15, 2023 | Bernhard LeslieDirector | Sale | 1,900 | $3.59 | $6.8K | Form 4 |
| May 16, 2023 | Prinz Brian ADirector | Buy | 3,175 | $3.18 | $10.1K | Form 4 |
| Nov 11, 2022 | Bernhard LeslieDirector | Sale | 1,850 | $3.74 | $6.9K | Form 4 |
| Oct 3, 2022 | Goldberg Arthur LDirector | Buy | 3,000 | $3.39 | $10.2K | Form 4 |
| Aug 15, 2022 | Haydon William CSee Remarks | Buy | 2,000 | $4.93 | $9.9K | Form 4 |
| Aug 12, 2022 | Bernhard LeslieDirector | Sale | 1,875 | $4.88 | $9.2K | Form 4 |
| Jul 15, 2022 | Haydon William CSee Remarks | Buy | 2,000 | $4.62 | $9.2K | Form 4 |
| Jun 15, 2022 | Haydon William CSee Remarks | Buy | 2,000 | $4.34 | $8.7K | Form 4 |
| May 16, 2022 | Haydon William CSee Remarks | Buy | 2,000 | $4.50 | $9.0K | Form 4 |
| Apr 18, 2022 | Haydon William CSee Remarks | Buy | 2,000 | $4.93 | $9.9K | Form 4 |
| Mar 15, 2022 | Haydon William CSee Remarks | Buy | 2,000 | $4.73 | $9.5K | Form 4 |
| Feb 15, 2022 | Haydon William CSee Remarks | Buy | 2,000 | $5.00 | $10.0K | Form 4 |
| Jan 18, 2022 | Haydon William CSee Remarks | Buy | 2,000 | $6.05 | $12.1K | Form 4 |
| Dec 15, 2021 | See Remarks | Buy | 2,000 | $5.58 | $11.2K | Form 4 |
| Dec 10, 2021 | Bernhard LeslieDirector | Sale | 4,264 | $5.69 | $24.3K | Form 4 |
| Nov 15, 2021 | Haydon William CSee Remarks | Buy | 2,000 | $5.85 | $11.7K | Form 4 |
| Oct 15, 2021 | Haydon William CSee Remarks | Buy | 2,000 | $5.75 | $11.5K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- VANGUARD GROUP INCSCHEDULE 13G/A, 5 filings Feb 13, 2024 to Mar 27, 202627
- Jeffrey C. VillanoSC 13G/A, 1 filing Feb 9, 202228
- John L. VillanoSC 13G/A, 1 filing Jan 28, 202229
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 42. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Melia Wealth LLC | 2,806,935 | $2.6M | 1.5% | −20,215 |
| Vanguard Capital Management LLC | 2,090,062 | $2.0M | 0.0% | −6,120 |
| Cox Capital Mgt LLC | 1,146,768 | $1.1M | 0.6% | +3,329 |
| BlackRock, Inc. | 581,130 | $547.0K | 0.0% | +35,110 |
| Geode Capital Management, LLC | 538,506 | $507.0K | 0.0% | −244,279 |
| Renaissance Technologies LLC | 357,676 | $336.7K | 0.0% | +207,567 |
| Vanguard Fiduciary Trust Co | 290,546 | $273.4K | 0.0% | +1,928 |
| State Street Corp | 177,685 | $167.3K | 0.0% | No change |
| GatePass Capital, LLC | 145,000 | $136.5K | 0.1% | No change |
| Northern Trust Corp | 116,513 | $109.7K | 0.0% | No change |
| LPL Financial LLC | 56,285 | $53.0K | 0.0% | +62 |
| Jane Street Group, LLC | 54,059 | $50.9K | 0.0% | New |
| XTX Topco Ltd | 50,758 | $47.8K | 0.0% | New |
| UBS Group AG | 48,376 | $45.5K | 0.0% | +41,322 |
| Napier Financial, LLC | 36,412 | $34.3K | 0.0% | No change |
| Susquehanna International Group, Llp | 36,208 | $34.1K | 0.0% | −119,621 |
| Qube Research & Technologies Ltd | 35,866 | $33.8K | 0.0% | +900 |
| Tiaa-cref Individual & Institutional Services, LLC | 35,500 | $33.4K | 0.0% | −27,468 |
| Citadel Advisors LLC | 30,996 | $29.2K | 0.0% | −28,837 |
| Conservest Capital Advisors, Inc. | 23,346 | $22.0K | 0.0% | No change |
| Private Advisor Group, LLC | 19,227 | $18.1K | 0.0% | No change |
| Woodward Diversified Capital, LLC | 13,860 | $13.0K | 0.0% | No change |
| Osaic Holdings, Inc. | 13,538 | $12.7K | 0.0% | +16 |
| JB Capital LLC | 13,470 | $12.7K | 0.0% | +140 |
| Vanguard Global Advisers, LLC | 13,455 | $12.7K | 0.0% | No change |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15SEC EDGARJohn L. Villano, President
- 16
- 17
- 18SEC EDGARJeffery C. Walraven, Officer
- 19SEC EDGARNicholas M. Marcello, Officer
- 20SEC EDGARJohn L. Villano, Officer
- 21SEC EDGARJohn E. Warch, See Remarks
- 22SEC EDGARWilliam C. Haydon, Officer
- 23SEC EDGARJeffery C. Walraven, Board member
- 24SEC EDGARArthur L. Goldberg, Board member
- 25SEC EDGARBrian A. Prinz, Board member
- 26SEC EDGARLeslie Bernhard, Board member
- 27
- 28
- 29