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Sachem Capital Corp. logo

Sachem Capital Corp. Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Sachem Capital Corp. holds $473.3M in total assets. Cash and equivalents total $11.6M. Based on the Q3 2025 filing.

Total Assets$473.3MTotal Stockholders Equity$165.6MCash And Equivalents$11.6M
Latest FilingQ3 2025
Report Date2025-11-05
Market Cap$48.4M
ROE-0.39%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accrued interest$525K$4.3M$625K$569K$1M$954K

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$257M$257.2M$257.4M$257.6M$257.9M$258.2M
Common stock47K47K200M200M200M200M
Common Stock Par Value Per Share$0.00—$0.00$0.00$0.00$0.00
Common Stock Shares Issued47M—47.3M47.7M47.7M48M
Convertible Preferred Stock Authorized Shares5M—5M5M5M5M
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$47K$47K$47K$48K$48K$48K
Cumulative earnings$35.5M$36.4M$38.3M$39.3M$41.8M$35.7M
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding$2K$2K$2K$2K$2K$2K
Preferred stock$2K$2K$2K$2K$2K$2K
Preferred Stock Par Value Per Share$0.00—$0.00$0.00$0.00$0.00
Distributions in excess of accumulated earnings$110.9M$114.4M$117.8M$121.3M$124.8M$128.4M
Share Repurchase Authorization Limit$5.8M—————
Total liabilities and stockholders' equity$492M$491.4M$501.8M$484.4M$460M$473.3M
Total stockholders' equity$181.7M$179.3M$177.9M$175.6M$174.9M$165.6M

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Allowance for credit losses$23.7M$23.9M$23.4M$15.8M$15.9M$15.7M
Gross loans$377M$347.5M$384.7M$375.2M$377.4M$355.8M
Loans 90+ Days Past Due$87.1M—$119.6M$104.1M$117.6M$75.4M
Deferred tax assets—————$964K
Deferred Tax Assets - Investments—————$165K
Equity method investments$53.9M$53.9M$48.7M$41.2M$39.1M$35.2M
Goodwill$391K—$391K$391K$391K$391K
Goodwill and Intangible Assets, Net—————$28K
Net Operating Loss Carryforwards—————$4.3M
Due from borrowers (net of allowance of $906 and $1,135)$5.2M$4.4M$6.5M$5.8M$7M$5.6M
Real estate owned (net of impairment of $185 and $492)$18.6M$18.9M$18.6M$18.9M$16.4M$16M
Investments in developmental real estate, net$14M$16.4M$16.7M$22.6M$9.7M$46M
Other Assets$6.2M$6M$7M$5.7M$5M$9M
Property, plant and equipment at cost$3.9M—$3.9M$3.9M$4M$4M
Real Estate Investment Property, Net$14M—$16.7M$22.6M$9.7M$46M
Other non-current assets$6.2M$6M$7M$5.7M$5M$9M
Accumulated depreciation$628K—$766K$851K$819K$891K
Property and equipment, net$3.2M$3.2M$3.1M$3.1M$3.2M$3.1M
Investment properties, at cost$14.2M—$16.9M$22.9M$9.7M$46M
Tax Credit Carryforward Valuation Allowance—————$1.2M
Total assets$492M$491.4M$501.8M$484.4M$460M$473.3M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Nonperforming Loans and Leases Percentage————$96.8M$37.3M
Cumulative Cost Basis$3.9M—$3.9M$3.9M$4M$4M
Accounts payable and accrued expenses————$1.6M$2.5M
Escrow payable for property taxes and insurance$4M$3.1M$4.1M$5.8M$4M$5.4M
Mortgages receivable$1.9M—$1.9M$300K$300K$300K
Amount of pending/pre-foreclosure loan outstanding————$37.5M$39.6M
Common stock, par value (in dollars per share)$0—$0$0$0$0
Common stock, shares authorized (in shares)$200M—$200M$200M$200M$200M
Common stock, shares issued (in shares)$47M—$47.3M$47.7M$47.7M$48M
Common Stock, Shares, Outstanding$47M—$47.3M$47.7M$47.7M$48M
Deferred Tax Liabilities, Gross—————$108K
Net of deferred loan fees$2M—$2.6M$2.4M$2.2M$2.2M
Basis in REO Assets—————$206K
Deferred Tax Assets, Gross—————$1.3M
Deferred Tax Assets, Net of Valuation Allowance—————$108K
Deferred Tax Assets, Operating Loss Carryforwards—————$964K
Deferred Tax Assets, Valuation Allowance—————$1.2M
Deferred Tax Liabilities, Net—————$0
Prepaid expenses—————$13K
Deferred Tax Liabilities, Property, Plant and Equipment—————$67K
Equity method investments (Note 11)$53.9M$53.9M$48.7M$41.2M$39.1M$35.2M
Direct reserves$13.3M—$11.9M$5.5M$6.3M$7M
Financing Receivable, Excluding Accrued Interest, Nonaccrual$87.1M—$119.6M$104.1M$117.6M$75.4M
Prior$7.5M—$10.8M$9M$8.5M$89.9M
Year one$46.8M—$50M$78.7M$88M$22.7M
Year four$148.8M—$59.7M$38.5M$43.5M$82.9M
Year five$9.9M—$133.4M$127.7M$122.5M$36.4M
Year two$83.7M—$42.6M$41.8M$31.4M$89.9M
Year three$80.4M—$88.2M$79.5M$83.4M$34.1M
% of Portfolio100.0%—100.0%100.0%100.0%100.0%
Finite Lived Trade Names Gross$130K—$130K$130K$130K$130K
Impairment loss on Real estate owned————$1.1M$798K
Amount outstanding under the credit facility$40M$36.1M$26.2M$32.7M$19M$29M
Foreclosure loan of allowance for credit loss————$4.2M$6.7M
Notes receivable$2.1M—$2.1M$2M$2.3M$6.3M
Number of loans held for investment157.00—135.00119.00115.00108.00
Operating Loss Carryforwards—————$4.3M
Other receivables$1.8M—$1.9M$927K$1.3M$1.1M
Convertible preferred stock, shares issuable upon conversion (in shares)—————83.3M
Preferred Stock, Par or Stated Value Per Share$0—$0$0$0$0
Preferred Stock, Shares Authorized$5M—$5M$5M$5M$5M
Number of additional condominium units—————4.00
Number of condominium units—————3.00
Share Repurchase Program, Authorized, Amount$5.8M—————
Unfunded partnership commitments——$2.4M$2.4M—$700K
Unrecognized tax benefits$0—$0$0—$0

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cash and cash equivalents$18.1M$24.4M$22.5M$11.2M$10.9M$11.6M
Short- term Investments$1.5M$1.4M$1M$1.4M$936K$795K
Other current assets$190K—$412K$28K$299K$404K
Impaired Financing Receivable with No Related Allowance - Unpaid Principal Balance————$96.8M$37.3M
Other Receivables$1.8M—$1.9M$927K$1.3M$1.1M
Prepaid expenses and other current assets$575K—$524K$394K$612K$559K
Short-term investments$1.5M$1.4M$1M$1.4M$936K$795K

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Long-Term Debt Amount in Default—$600K$18.9M$30.4M—$42.3M
Debt Instrument Face Amount$40M$36.1M$26.2M$32.7M$19M$29M
Deferred tax liabilities—————$108K
Accounts payable, accrued expenses, and other liabilities (includes VIE balances of $159 and $183)$4.4M$2.7M$3.5M$3.4M$3.3M$4M
Mortgage payable$1M$981K$960K$939K$917K$895K
Unsecured debt$226.5M$227M$227.5M$171M$171.3M$171.7M
Senior unsecured notes, net$0—$46.4M$86.4M$86.6M$96.7M
Total liabilities$310.3M$312.1M$323.9M$308.8M$285.1M$307.7M
Unrecognized Tax Benefits$0—$0$0—$0