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Jun 30, 2022
Sachem Capital Q2 2022 Earnings Report
Reported an 86.9% increase in revenue to $12.5 million and net income attributable to common shareholders of $4.3 million.
Key Takeaways
Sachem Capital Corp. announced its financial results for the second quarter ended June 30, 2022, with revenue increasing by 86.9% to $12.5 million. The company achieved $4.3 million of net income attributable to common shareholders and $5.8 million of non-GAAP adjusted earnings, representing earnings per share of $0.12 and $0.16, respectively.
Revenue for the second quarter of 2022 increased 86.9% to $12.5 million.
Net income attributable to common shareholders reached $4.3 million, or $0.12 per share.
Non-GAAP adjusted earnings were $5.8 million, representing $0.16 per share.
Total assets increased to approximately $525.4 million at June 30, 2022.
Forward Guidance
The company will host a conference call on Friday, August 5, 2022, at 8:00 a.m., Eastern Daylight Time, to discuss in greater detail its financial results for the second quarter ended June 30, 2022, as well as its outlook for the balance of 2022.
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