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Jun 30, 2021
Sachem Capital Q2 2021 Earnings Report
Reported a 56% revenue increase due to growth in lending operations and net income of $2.5 million.
Key Takeaways
Sachem Capital Corp. reported a strong second quarter in 2021 with a 56% increase in revenue, driven by growth in lending operations. The company achieved a net income of $2.5 million and significantly enhanced its balance sheet with increased cash, cash equivalents, and investment securities.
Revenue increased by 56% compared to the same period last year.
Net income reached $2.5 million.
Cash, cash equivalents, and investment securities totaled approximately $106.7 million.
A $200 million master repurchase financing facility was announced to reduce the cost of capital.
Forward Guidance
Sachem Capital anticipates a favorable competitive landscape and a robust loan pipeline, positioning them to capitalize on market demand for their loan products for the remainder of 2021 and beyond.
Positive Outlook
- Well capitalized to take advantage of market demand.
- Strong balance sheet allows funding of larger loans.
- Loans secured by high quality properties owned by established developers.
- Expanding geographic footprint.
- Favorable competitive landscape.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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