Sachem Capital reported net interest income of $11.7 million in 2025, down from $20.5 million in 2024, with an effective loan yield of 12.0% on average performing loans. Net interest margin fell to 3.1% from 4.4%, while net income attributable to common shareholders was $1.8 million ($0.04 per share) versus a $43.9 million loss in 2024.

The company issued $100.0 million of 9.875% senior secured notes due 2030, drawing $90.0 million as of year-end, to extend its weighted average debt maturity and diversify funding. It also reduced short-term borrowings and repaid maturing unsecured notes, lowering near-term refinancing needs and improving capital structure.

Sachem Capital sold its Westport, Connecticut office property for net cash proceeds of approximately $19.9 million, realizing a book gain of about $4.0 million. The transaction was executed through its Urbane Capital platform, enhancing liquidity and contributing to other income of $9.9 million for the year.

Total assets stood at $460.0 million at December 31, 2025, versus $492.0 million a year earlier, with total liabilities at $285.1 million compared to $310.3 million. Shareholders’ equity was $174.9 million and book value per common share declined to $2.46 from $2.64.