Sachem Capital Corp. (SACH)
Sachem Capital Corp. operates in the REIT - Mortgage industry of the Real Estate sector, headquartered in Branford, CT, US. The stock last traded at $0.79, down 2.78% on the session, giving a market capitalisation of $37.9M. On trailing twelve-month figures it carries a trailing P/E of -3.01, a net margin of -18.4%. Its beta of 1.20 implies it has historically moved more than the broad market.
Sachem Capital Corp. functions as a specialized real estate finance entity. The company actively sources, underwrites, funds, services, and manages a portfolio of short-term loans, all secured by primary mortgage liens on real estate assets predominantly located in the Northeastern United States and Florida. It provides capital to real estate professionals and property owners, enabling them to finance the acquisition, refurbishment, development, or enhancement of residential or commercial ventures. Sachem Capital Corp. has chosen to be taxed as a Real Estate Investment Trust (REIT), granting it exemption from federal income taxes provided it distributes at least 90% of its annual taxable earnings to its shareholders. Founded in Branford, Connecticut, in 2010, this firm maintains its headquarters there.
Sachem Capital Corp. is most often compared with the following Real Estate names: