Sachem Capital Q3 revenue up 58.9% to $13.5M; EPS $0.11, adjusted EPS $0.13

Sachem Capital Corp.

2022-Q3 EPS reported $0.32 revenue$36,390,493

Revenue $13.5M (+58.9% YoY); net income $4.1M ($0.11 EPS) vs $3.4M ($0.12 EPS) in Q3 2021.
Non-GAAP adjusted earnings $5.2M ($0.13 EPS); excludes unrealized losses on securities.
Interest income $11.5M (+89.5%); origination fees $1.7M (+31.6%).
Total assets $561.8M (+34.4% from Dec 2021); total liabilities $342.5M (+44%).
Acquired Urbane New Haven, LLC to reduce construction-loan risk and add income streams.

item 2.02 item 7.01 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Sachem Capital Corp. reported three months ended September 30, 2022 results: revenue $13.5 million, net income $4.1 million, EPS $0.11.

Period: three months ended September 30, 2022
Revenue: $13.5 million
Net income: $4.1 million
EPS: $0.11
Result: reported results

Exact text from the filing

Sachem Capital Revenue Increases 58.9% to $13.5 Million for the Third Quarter 2022 Achieves $4.1 Million of Net Income Attributable to Common Shareholders and $5.2 Million of Non-GAAP Adjusted Earnings, Representing Earnings Per Share of $0.11 and $0.13, Respectively

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Source: SEC EDGAR

accession 0001104659-22-118538

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