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Stock impact report

Sachem Capital Reports First Quarter 2024 Results – Revenues Grew 17.0% to $17.2 Million

Sachem Capital Corp. Common Shares (SACH) 
NASDAQ:AMEX Investor Relations: sachemcapitalcorp.com
Company Research Source: GlobeNewswire
BRANFORD, Conn., May 10, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announced its financial results for the first quarter ended March 31, 2024. The Company will host a conference call on Friday, May 10, 2024 at 8:00 a.m. Eastern Time to discuss its financial and operating results. John Villano, CPA, Sachem Capital’s Chief Executive Officer, stated: “In the first quarter, we continued to navigate through an evolving and challenging macro environment marked by uncertainty regarding inflation, and the Federal Reserve’s future rate policy. We remain disciplined, and while long-term capital remains relatively unavailable to our borrowers, we are focused on maintaining strong liquidity, growing borrower relationships, and protecting our capital. Our diversified portfolio and solid balance sheet provide confidence as we patiently wait to resume building our business.” Results of operations for quarter ended March 31, 2024 Total revenue grew 17.0% to $17.2 Show less Read more
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