Sachem Capital Corp. demonstrated resilience in Q3 2025, successfully reducing nonperforming loans and repaying significant debt, while strategically enhancing its balance sheet for future growth.
- Reduced gross unpaid principal balance of nonperforming loans to approximately $104.1 million, down 15.5 million from the previous quarter.
- Fully repaid and delisted $98 million in unsecured notes, improving financial flexibility and liquidity.
- Continued progress on real estate developments, with various projects on track and a focus on transforming nonperforming assets into higher-value opportunities.
- Maintained a steady book value of $2.47 per share, reflecting a minimal decrease of 2.8% quarter-over-quarter.
- Active management of significant single borrower exposure in Southwest Florida, with a key mediation event approaching that could facilitate resolution of existing challenges.
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