The company's capital base has contracted significantly, with total assets falling from $626.5 million in 2024Q1 to $473.3 million by 2026Q1, reflecting a shrinking investment footprint.
| Total Assets | 473.27M | 460.05M | 491.98M | 620.89B | 565.66B | 417.96B | 226.67B | 141.21B |
| Asset Growth % | -37.39% | -6.49% | -99.92% | 9.76% | 35.34% | 84.39% | 60.52% | - |
| Real Estate & Other Assets | 0 | 0 | 0 | 0 | 536.5B | 373.06B | 204.44B | 120.46B |
| PP&E (Net) | 3.09M | 3.16M | 3.22M | 3.37M | 4.92M | 2.96M | 2.83M | 1.91M |
| Investment Securities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 17.17M | 15.98M | 23.35M | 550.56M | 23.71M | 41.94M | 19.41M | 18.84M |
| Cash & Equivalents | 11.56M | 10.92M | 18.07M | 12.6M | 23.71M | 41.94M | 19.41M | 18.84M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 665K | 664.74M | 130.4M | 0 | 0 | 0 |
| Total Liabilities | 307.66M | 285.11M | 310.32B | 395.46M | 347.95M | 237.88M | 145.75M | 58.65M |
| Total Debt | 0 | 0 | 204.87B | 251.73B | 323.34B | 180.4B | 110.72B | 56.34B |
| Net Debt | -11.56M | -10.92M | 186.81B | 239.13B | 299.63B | 138.46B | 91.31B | 37.49B |
| Long-Term Debt | 0 | 0 | 204.87B | 251.73M | 323.34B | 180.4B | 110.72B | 56.34B |
| Short-Term Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 0 | 0 | 0 | 4.65M | -323.42M | -164.73M | -3.34M | -3.42M |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 4.65M | 0 | 0 | 0 | 0 |
| Other Liabilities | 0 | 285.11M | 105.45B | 139.08M | 24.62B | 57.48B | 35.03B | 2.32B |
| Total Equity | 165.61M | 174.94M | 181.65M | 230.07B | 217.71B | 180.08B | 80.92B | 82.56B |
| Equity Growth % | -54.45% | -3.7% | -99.92% | 5.68% | 20.89% | 122.55% | -1.99% | - |
| Shareholders Equity | 165.61M | 174.94M | 181.65M | 230.07B | 217.71B | 180.08B | 80.92B | 82.56B |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Common Stock | 48K | 48K | 47K | 47M | 41.09M | 32.73M | 22.13M | 22.12M |
| Additional Paid-in Capital | 0 | 0 | 256.96M | 249.83B | 226.22B | 185.52B | 83.81B | 83.86B |
| Retained Earnings | 0 | 0 | 35.52M | 75.09B | -8B | -4.99B | -2.89B | -1.27B |
| Preferred Stock | 2K | 2K | 2K | 2M | 1.9M | 1.9M | 0 | 0 |
| Return on Assets (ROA) | -1.31% | 0.39% | -12.74% | 2.68% | 4.25% | 4.13% | 4.89% | 4.39% |
| Return on Equity (ROE) | -3.61% | 1.03% | -34.37% | 7.1% | 10.51% | 10.21% | 11% | 7.5% |
| Debt / Assets | 0% | - | 41642.68% | 40.54% | 57.16% | 43.16% | 48.85% | 39.89% |
| Debt / Equity | 0.00x | - | 1127.83x | 1.09x | 1.49x | 1.00x | 1.37x | 0.68x |
| Net Debt / EBITDA | 30.35x | - | - | 15.90x | 13.49x | 9.46x | 9.07x | 4.92x |
| Book Value per Share | 3.51 | 3.73 | 3.83 | 5200.02 | 5767.21 | 6840.75 | 3658.45 | 4252.37 |
Liquidity and solvency pressure
As reported in recent financial statements, Sachem Capital's total assets have declined from $626.5 million in 2024Q1 to $473.3 million by 2026Q1, signaling a significant reduction in the firm's lending capacity and a contraction of its overall investment footprint in the specialty finance market.
The consistent downward trend in total assets suggests that the company is struggling to recycle capital effectively or is intentionally shrinking its portfolio to manage liquidity risks. This contraction appears to be a direct response to the inability to maintain historical growth levels while facing mounting credit pressures within the loan book.
Based on the provided financial data, the company's debt-to-equity ratio reached 1.38 in 2024Q4, reflecting a reliance on external financing that, when coupled with negative FFO, suggests that the firm's capital structure is increasingly strained by its fixed-rate interest obligations to retail bondholders.
The reliance on exchange-traded notes creates a rigid cost of capital that does not adjust downward when the underlying loan portfolio underperforms. Investors should monitor whether the company can continue to service this debt without further eroding its equity base, as the current leverage levels appear to offer little buffer against further asset impairments.
According to quarterly filings, cash reserves have fluctuated significantly, dropping to $12.4 million in 2026Q1, which indicates that the company maintains a very narrow margin of safety to meet its immediate operational needs and debt service requirements in a volatile credit environment.
The lack of consistent cash liquidity suggests that the firm is highly dependent on the successful origination of new loans or the refinancing of existing debt to maintain operations. This dependency creates a heightened risk of a liquidity crunch if the market for its retail-targeted debt instruments experiences a loss of investor confidence.
Financial statements indicate that the transition of loans to real estate owned status, as evidenced by the volatility in net assets, may mask the true extent of credit losses, as the company's ability to recover principal through foreclosure remains unproven in the current market cycle.
The reliance on the book value of foreclosed properties to support the balance sheet may be overly optimistic if the underlying collateral cannot be liquidated at par. This potential for deferred write-downs warrants further investigation, as it suggests that the reported equity value may be overstated relative to the actual realizable value of the distressed loan portfolio.
Quick answers to the most common questions about buying SCCD stock.
As of 2025, Sachem Capital Corp. 6.00% Notes Due 2026 (SCCD) had total assets of $460.0M including $16.0M in current assets.
Sachem Capital Corp. 6.00% Notes Due 2026 (SCCD) carries total debt of $0.0M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Sachem Capital Corp. 6.00% Notes Due 2026 (SCCD) has total shareholders' equity (book value) of $174.9M ($3.73 book value per share). Book value represents the net worth of the company belonging to common stock holders.