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Dec 31, 2021
Sachem Capital Q4 2021 Earnings Report
Reported record annual revenue and net income attributable to common shareholders for 2021.
Key Takeaways
Sachem Capital Corp. reported record annual revenue of $30.4 million and net income attributable to common shareholders of $11.5 million for the year ended December 31, 2021. The company's loan pipeline remains robust heading into 2022, supported by recent public offerings of unsecured notes.
Generated solid year-over-year revenue growth.
Achieved record net income attributable to common shareholders of $11.5 million, or $0.44 per share, for 2021.
Maintained momentum with a robust loan pipeline heading into 2022.
Expanded lending operations across the U.S. with a presence in 14 states.
Forward Guidance
Sachem Capital Corp. is encouraged by the outlook for its business and looks forward to building upon its strong historical financial performance.
Positive Outlook
- Ability to close quickly.
- Flexibility in structuring loans to suit the needs of borrowers.
- Significant market opportunity for a well-capitalized “hard money” lender.
- Originate attractively priced loans to small and mid-scale real estate developers with good collateral.
- Continued growth in lending operations.
Challenges Ahead
- Rise in interest rates.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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