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Dec 31, 2020
Sachem Capital Q4 2020 Earnings Report
Achieved record annual revenue and increased net income.
Key Takeaways
Sachem Capital Corp. reported a strong fourth quarter and full year for 2020, with a 98% increase in Q4 revenue to $5.7 million and a 150% increase in net income to $2.3 million. The company's annual revenue reached a record $18.6 million, and net income was $9.0 million.
Q4 2020 revenue increased by 98% compared to the same period last year.
Q4 2020 net income increased by 150% compared to Q4 2019, reaching $2.3 million.
The company scaled back lending activities in Q2 2020 but reverted to standard lending criteria on July 1, 2020.
Sachem Capital diversified geographically, lending in ten states with 14% of mortgage loans outside of Connecticut.
Forward Guidance
Sachem Capital is optimistic about its continued growth in 2021, citing a favorable competitive landscape and a robust loan pipeline.
Positive Outlook
- Favorable competitive landscape
- Robust loan pipeline
- Strong balance sheet
- Cash and short-term marketable securities of approximately $56.7 million
- Geographic diversification
Challenges Ahead
- COVID-19 pandemic impact
- Increased indebtedness
- Potential risks, uncertainties and assumptions
- Events and circumstances may not occur
- Actual results could differ materially
Historical Earnings Impact
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Avg. Return Before/After Earnings
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