SACH - Sachem: One Business Multiple Exposure Options
2024-02-26 04:13:24 ET
Summary
- Sachem Capital is a mortgage REIT that focuses on loans secured by first mortgage liens on residential and commercial properties.
- The company has experienced a lot of growth since its IPO, and its solvency profile appears to be healthy.
- While the common shares seem attractive at current levels, investors may also be interested in its preferred shares and unsecured notes that offer high yields that are probably more sustainable.
Sachem Capital Corp. ( SACH ), founded in 2010 and headquartered in Branford, Connecticut, is a mortgage REIT that focuses on the origination, underwriting, funding, servicing, and management of loans secured by first mortgage liens on residential and commercial properties mainly located in the Northeast and Florida....
Sachem: One Business, Multiple Exposure Options