Sachem Capital Corp.

SACH

US78590A1097

Specialized REITs

Market Closed - Nyse Other stock markets 04:00:00 2024-05-03 pm EDT			5-day change	1st Jan Change
3.2 ^USD	+1.91%		-1.54%	-14.44%

Apr. 01	Financials Down Amid Commercial Real-Estate Fears -- Financials Roundup	DJ
Apr. 01	Sachem Capital Keeps Quarterly Dividend at $0.11 Per Share, Payable April 16 to Shareholders of Record April 9	MT

Sachem Capital Corp. Reports Earnings Results for the Full Year Ended December 31, 2023

April 01, 2024 at 07:00 am EDT

Sachem Capital Corp. reported earnings results for the full year ended December 31, 2023. For the full year, the company reported revenue was USD 65.61 million compared to USD 52.28 million a year ago.

Net income was USD 15.9 million compared to USD 20.91 million a year ago. Basic earnings per share from continuing operations was USD 0.27 compared to USD 0.46 a year ago. Diluted earnings per share from continuing operations was USD 0.27 compared to USD 0.46 a year ago.

Latest news about Sachem Capital Corp.

Financials Down Amid Commercial Real-Estate Fears -- Financials Roundup	Apr. 01	DJ
Sachem Capital Keeps Quarterly Dividend at $0.11 Per Share, Payable April 16 to Shareholders of Record April 9	Apr. 01	MT
Transcript : Sachem Capital Corp., 2023 Earnings Call, Apr 01, 2024	Apr. 01
Sachem Capital Corp. Reports Earnings Results for the Full Year Ended December 31, 2023	Apr. 01	CI
Sachem Capital Corp. Declares Quarterly Dividend, Payable on April 16, 2024	Apr. 01	CI
Transcript : Sachem Capital Corp., Q3 2023 Earnings Call, Nov 14, 2023	Nov. 14
Tranche Update on Sachem Capital Corp.'s Equity Buyback Plan announced on October 7, 2022.	Nov. 13	CI
Earnings Flash (SACH) SACHEM CAPITAL Reports Q3 EPS $0.12, vs. Street Est of $0.12	Nov. 13	MT
Earnings Flash (SACH) SACHEM CAPITAL Reports Q3 Revenue $17.5M, vs. Street Est of $15.2M	Nov. 13	MT
Sachem Capital Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 13	CI
Sachem Capital Corp. Declares Quarterly Dividend, Payable on November 7, 2023	23-10-23	CI
European shares edge higher ahead of ECB rate decision	23-09-14	RE
Transcript : Sachem Capital Corp. - Shareholder/Analyst Call	23-09-07
Sachem Capital Corp.'s Equity Buyback Plan Extended till October 9, 2024.	23-09-06	CI
Transcript : Sachem Capital Corp., Q2 2023 Earnings Call, Aug 15, 2023	23-08-15
Tranche Update on Sachem Capital Corp.'s Equity Buyback Plan announced on October 7, 2022.	23-08-14	CI
Tranche Update on Sachem Capital Corp.'s Equity Buyback Plan announced on October 7, 2022.	23-08-14	CI
Earnings Flash (SACH) SACHEM CAPITAL Posts Q2 Revenue $16.5M, vs. Street Est of $14.1M	23-08-14	MT
Earnings Flash (SACH) SACHEM CAPITAL Reports Q2 EPS $0.11, vs. Street Est of $0.13	23-08-14	MT
Sachem Capital Corp. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-14	CI
Sachem Capital Corp. Declares Quarterly Dividend, Payable on August 11, 2023	23-07-26	CI
Oppenheimer Adjusts Sachem Capital Price Target to $5 From $6, Maintains Outperform Rating	23-05-16	MT
Sachem Capital Corp. Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-15	CI
Transcript : Sachem Capital Corp., Q1 2023 Earnings Call, May 15, 2023	23-05-15
Sachem Capital Corp. Announces CFO Changes	23-05-09	CI

Chart Sachem Capital Corp.

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Company Profile

Sachem Capital Corp. is a mortgage real estate investment trust (REIT) that specializes in originating, underwriting, funding, servicing, and managing a portfolio of loans secured by first mortgages on real property. It offers short-term secured, nonbanking loan to real estate investors to fund their acquisition, renovation, development, rehabilitation, or improvement of properties. Its typical borrower is a real estate investor or developer who uses the proceeds of the loan to fund its acquisition, renovation, rehabilitation, development and/or improvement of residential or commercial properties and that are held for investment or sale. Its primary objective is to grow its loan portfolio while protecting and preserving capital in a manner that provides for attractive risk-adjusted returns to its shareholders over the long term through dividends. The mortgaged property may or may not be income-producing. Its loans are referred to in the real estate finance industry as hard money loans.

Sector

Specialized REITs

Calendar

2024-05-12 - Q1 2024 Earnings Release (Projected)

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Ratings for Sachem Capital Corp.

Trading Rating

Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

3.2 USD

Average target price

4.417 USD

Spread / Average Target

+38.02%

Consensus

EPS Revisions

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Quarterly earnings - Rate of surprise

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Sector Mortgage REITs

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Mortgage REITs