Sachem Capital Corp. (NYSE MKT:SACH) Q1 2020 Earnings Conference Call - Final Transcript

May 12, 2020 • 08:00 am ET


Sachem Capital Corp. (NYSE MKT:SACH) Q1 2020 Earnings Conference Call - Final Transcript


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Good day, ladies and gentlemen, and welcome to your Sachem Capital first quarter conference call. All lines have been placed on a listen-only mode. And a poll will be opened for your questions and comments following the presentation. [Operator Instructions]. At this time, it is my pleasure to turn the floor over to your host, David Waldman, Investor Relations. Sir, the floor is yours.

David Waldman

Good morning, everyone and thank you for joining Sachem Capital Corp.'s First Quarter 2020 Conference Call. On the call with us today is John Villano, CPA, Co-Chief Executive Officer and Chief Financial Officer of Sachem Capital. On Friday, May 8, the company announced its operating results for the quarter ended March 31, 2020, and its financial condition as of that date. The press release is posted on the company's website, In addition, the company filed its Form 10-Q with the US Securities and Exchange Commission on May 8, which can also be accessed on the company's website as well as the SEC's website at If you have any questions after the call or would like any additional information about the company, please contact Crescendo Communications at 212-671-1021. Before Mr. Villano reviews the company's operating results for the first quarter of 2020 and the company's financial condition at March 31, 2020, we would like to remind everyone that this conference call may contain forward-looking statements.

All statements other than statements of historical facts contained in this conference call including statements regarding our future results of operations and financial position, strategy and plans and our expectations for future operations are forward-looking statements. The words anticipate, estimate, expect, project, plan, seek, intend, believe, may, might, will, should, could, likely, continue, design and the negative of such terms and other words in terms of similar expressions are intended to identify forward-looking statements. These forward-looking statements are based largely on the company's current expectations and projections about future events and trends that it believes may affect its financial condition, results of operations, strategy, short-term and long-term business operations and objectives and financial needs. These forward-looking statements are subject to several risks and uncertainties and assumptions as described in the company's quarterly report on Form 10-Q for the first quarter of 2020 filed with the US Securities and Exchange Commission on May 8, 2020, as well as its annual report on Form 10-K filed on March 30, 2020.

Because of these risks, uncertainties and assumptions, the forward-looking events and circumstances discussed in this conference call may not occur, and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. You should not rely upon forward-looking statements as prediction of future events. Although the company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance or achievements. In addition, neither the company nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. The company disclaims any duty to update