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Complete financial analysis of Sachem Capital Corp. (SACH) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Sachem Capital Corp., a leading company in the REIT – Mortgage industry within the Real Estate sector.
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Sachem Capital Corp. (SACH)
About Sachem Capital Corp.
Sachem Capital Corp. operates as a real estate finance company. The company is involved in the originating, underwriting, funding, servicing, and managing a portfolio of short-term loans secured by first mortgage liens on real property located primarily in Northeastern United States and Florida. It offers loans to real estate investors and owners to fund their acquisition, renovation, rehabilitation, development, and/or improvement of residential or commercial properties. The company has elected to be taxed as a real estate investment trust (REIT) and would not be subject to federal income taxes if it distributes at least 90% of its taxable income each year to its stockholders. Sachem Capital Corp. was founded in 2010 and is based in Branford, Connecticut.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 64.77M | 30.77M | 19.84M | 13.05M | 9.71M | 10.05M | 6.33M | 3.54M | 2.56M | 1.55M | 52.28M |
| Cost of Revenue | 34.73M | 44.75K | 165.92K | 7.22K | 34.92K | 32.53K | 664.13K | 87.97K | 5.09K | 251.00 | 44.75K |
| Gross Profit | 30.04M | 30.73M | 19.67M | 13.04M | 9.67M | 10.01M | 5.67M | 3.45M | 2.55M | 1.55M | 52.23M |
| Gross Profit Ratio | 46.38% | 99.85% | 99.16% | 99.94% | 99.64% | 99.68% | 89.51% | 97.52% | 99.80% | 99.98% | 99.91% |
| Research & Development | 0.00 | 0.38 | 0.44 | 0.48 | 0.49 | 0.67 | 0.69 | 0.74 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 4.82M | 8.41M | 4.22M | 2.36M | 2.01M | 1.69M | 988.26K | 350.23K | 210.41K | 75.90K | 3.10M |
| Selling & Marketing | 6.93M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 12.22M | 8.41M | 4.22M | 2.36M | 2.01M | 1.69M | 988.26K | 350.23K | 210.41K | 75.90K | 3.10M |
| Other Expenses | 0.00 | 28.27M | -10.74M | -6.42M | -5.52M | -54.24K | 73.14K | -17.38K | -34.90K | -168.00 | 28.23M |
| Operating Expenses | 11.75M | 31.37M | -6.52M | -4.05M | -3.51M | 2.10M | 1.06M | 472.38K | 217.75K | 76.15K | 31.32M |
| Cost & Expenses | 32.00M | 31.37M | -6.52M | -4.05M | -3.51M | 2.10M | 1.73M | 1.08M | 217.75K | 76.15K | 31.37M |
| Interest Income | 49.27M | 42.62M | 22.31M | 13.82M | 9.75M | 8.96M | 5.43M | 3.65M | 2.48M | 1.42M | 0.00 |
| Interest Expense | 29.19M | 21.55M | 10.42M | 5.55M | 2.94M | 1.67M | 664.13K | 505.14K | 221.70K | 13.28K | 0.00 |
| Depreciation & Amortization | 266.33K | 11.92M | 5.80M | 3.28M | 2.75M | 3.87M | 2.14M | 994.90K | 227.17K | 13.28K | 0.00 |
| EBITDA | 0.00 | 106.41K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.14M | 2.31M | 0.00 | 20.91M |
| EBITDA Ratio | 0.00% | 0.35% | 67.56% | 69.40% | 64.48% | 94.51% | 77.20% | 102.92% | 99.00% | 95.92% | 40.00% |
| Operating Income | 18.29M | 20.91M | 13.32M | 8.99M | 6.20M | -185.44K | 4.86M | 3.05M | 2.31M | 1.47M | 20.91M |
| Operating Income Ratio | 28.24% | 67.95% | 67.14% | 68.93% | 63.83% | -1.85% | 76.75% | 86.17% | 90.13% | 95.06% | 40.00% |
| Total Other Income/Expenses | -2.39M | -1.30M | -1.32M | -1.07M | -1.43M | -79.40K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax | 15.90M | 20.91M | 13.32M | 8.99M | 6.20M | 7.77M | 4.86M | 3.05M | 2.31M | 1.47M | 20.91M |
| Income Before Tax Ratio | 24.55% | 67.95% | 67.14% | 68.93% | 63.83% | 77.35% | 76.76% | 86.17% | 90.13% | 95.06% | 40.00% |
| Income Tax Expense | 0.00 | -20.47M | -13.29M | -8.91M | -6.13M | 2.35M | -179.00 | -87.97K | -5.48K | -1.42M | 0.00 |
| Net Income | 15.90M | 20.91M | 13.32M | 8.99M | 6.20M | 7.77M | 4.86M | 3.05M | 2.31M | 1.47M | 20.91M |
| Net Income Ratio | 24.55% | 67.95% | 67.14% | 68.93% | 63.83% | 77.35% | 76.76% | 86.17% | 90.13% | 95.06% | 40.00% |
| EPS | 0.27 | 0.46 | 0.44 | 0.41 | 0.32 | 0.50 | 0.41 | 0.26 | 0.27 | 0.17 | 0.55 |
| EPS Diluted | 0.27 | 0.46 | 0.44 | 0.41 | 0.32 | 0.50 | 0.41 | 0.26 | 0.27 | 0.17 | 0.55 |
| Weighted Avg Shares Out | 44.24M | 37.74M | 26.32M | 22.12M | 19.42M | 15.43M | 11.96M | 11.10M | 8.53M | 8.53M | 37.74M |
| Weighted Avg Shares Out (Dil) | 44.24M | 37.75M | 26.32M | 22.12M | 19.42M | 15.43M | 11.96M | 11.53M | 8.53M | 8.53M | 37.75M |
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