Sachem Capital Q1 revenue up 42.8% to $14.7M; net income $4.2M, EPS $0.10 flat YoY

Sachem Capital Corp.

2023-Q1 EPS reported $0.10 revenue$14,707,759

Total revenue $14.7M vs $10.3M YoY (+42.8%), driven by lending growth; interest income $11.0M.
Net income attributable to common $4.2M, $0.10 EPS (unchanged from Q1 2022).
Total assets $597M at March 31, 2023, up 5.5% from Dec 31, 2022; shareholders' equity $229M.
Quarterly dividend of $0.13/share paid April 24, 2023; company continues to qualify as REIT.
Interest expense rose to $6.9M from $3.9M, reflecting growth in debt financing.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Sachem Capital Corp. reported the quarter ended March 31, 2023 results: revenue approximately $14.7 million, net income approximately $4.2 million, or $0.10 per share.

Period: the quarter ended March 31, 2023
Revenue: approximately $14.7 million
Net income: approximately $4.2 million, or $0.10 per share
Result: reported results

Exact text from the filing

three month period ended March 31, 2023. --- EX-99.1 (EXHIBIT 99.1) --- EX-99.1 2 tm2315950d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Sachem Capital Revenue Increases 42.8% to $14.7 Million for the First Quarter 2023 BRANFORD, Conn., May 15, 2023 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announced its financial results for the quarter ended

View on SEC.gov

Browse all earnings releases →

Sachem Capital Corp. filing history →

Source: SEC EDGAR

accession 0001104659-23-061657

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.