See more : CACI International Inc (CACI) Income Statement Analysis – Financial Results
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 | 30.04M | 30.77M | 19.84M | 13.05M | 9.71M | 10.05M | 6.33M | 3.54M | 2.56M | 1.55M | 52.28M |
| Cost of Revenue | 0.00 | 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 | 100.00% | 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 | 12.22M | 8.41M | 4.22M | 2.36M | 2.01M | 1.69M | 988.26K | 350.23K | 210.41K | 75.90K | 3.10M |
| Selling & Marketing | 0.00 | 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 | 11.75M | 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 | 60.89% | 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 | 52.93% | 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 | 52.93% | 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 |
Sachem Capital Corp. (SACH) Q3 2023 Earnings Call Transcript
Sachem Capital Corp. (NYSE:SACH ) Q3 2023 Earnings Call Transcript November 14, 2023 8:00 AM ET Company Participants Kevin Reed - IR John Villano - CEO & Interim CFO Nick Marcello - VP of Finance & Operations Conference Call Participants...
Sachem Capital Reports Third Quarter 2023 Results – Produces Revenue Growth of 29.5% to $17.5 Million
BRANFORD, Conn., Nov. 13, 2023 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announced its financial results for the third quarter ended September 30, 2023.
Sachem Capital Sets Dates For Third Quarter 2023 Earnings Release And Conference Call
BRANFORD, Conn., Nov. 08, 2023 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) (the “Company”) announced today that the Company will release its third quarter 2023 financial results after market close on Monday, November 13, 2023. A webcast and...
Sachem Capital Corp. Announces Dividend of $0.11 Per Share
BRANFORD, Conn., Oct. 23, 2023 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announced today that its board of directors authorized and declared a quarterly dividend of $0.11 per share to be paid to shareholders of record as of...
Sachem Capital: 10.5% Baby Bond Bargain Is Safer Than You Think
In this article, I make the case that Sachem baby bonds are very undervalued. Sachem Capital is an unusual mortgage REIT that has several baby bonds with yields up to 10.59%. However, its debt levels are much lower than those...
Sachem Capital: Selling Overpriced Baby Bonds To Secure A 9-11% Yield
Sachem Capital baby bonds offer a level of comfort as they rank senior to shareholders and preferred shareholders. The article discusses the different options in the Sachem baby bond spectrum, including their coupons, prices, and maturity dates. The author recommends...
Sachem Capital: I'm Still Buying The 9.75% Yielding Baby Bonds
Sachem Capital's financial results were robust in the second quarter, with a net profit of $5.7M. The company's loan loss provisions were lower than the previous year, but the dividend is not fully covered by earnings. The preferred shares offer...
Sachem: Can The 15.5% Dividend Yield Survive?
Sachem is currently paying out a 15.5% dividend yield to its common shareholders. Fiscal 2023 second quarter EPS of $0.11 per share meant the mREIT was unable to cover its $0.13 per share dividend payment. A further rise in loans...
Sachem Capital Corp. (SACH) Q2 2023 Earnings Call Transcript
Sachem Capital Corp. (NYSE:SACH ) Q2 2023 Earnings Conference Call August 15, 2023 8:00 AM ET Company Participants Kevin Reed - ICR John Villano - CEO and Interim CFO Nick Marcello - VP, Finance and Operations Conference Call Participants Tyler...
Sachem Capital Reports Second Quarter 2023 Results – Produces Record Revenue Growth of 31.2% to $16.5 Million
BRANFORD, Conn., Aug. 14, 2023 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announced its financial results for the quarter ended June 30, 2023.
Source: https://incomestatements.info
Category: Stock Reports