NYSE$SACH
Sachem Capital Corp · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Sachem Capital reported a revenue increase of 33% for Q1 2021, with interest income up by 56% compared to the same period last year.
Sachem Capital Corp. announced a 33% increase in total revenue for Q1 2021, driven by a 56% increase in interest income on its loan portfolio. Net income remained consistent with the previous year, despite increased operating costs and expenses related to unsecured bond debt and organizational investments.
- Total revenue increased by 33% to $5.7 million compared to $4.3 million in the same quarter last year.
- Interest income increased by 56% to $4.5 million, up from $2.9 million in Q1 2020.
- Net income remained consistent at approximately $2.2 million, or $0.10 per share.
- Total assets increased to $228.4 million, compared to $226.7 million at the end of 2020.
Headline financials
Revenue & EPS history
Sachem Capital · Revenue · Quarterly
$5.71M
Forward guidance
Sachem Capital is well capitalized and encouraged by the prospects for continued growth in 2021 and beyond. They are targeting larger-value commercial loans and exploring financing alternatives to lower the cost of capital.
Tailwinds
- Maintained a robust loan pipeline.
- Opportunistically expanding and diversifying the geographic footprint of mortgage loan portfolio.
- Benefiting from liquidity and financial flexibility provided by securities and low-interest line of credit.
- Prudently deploying capital while maintaining disciplined underwriting with a conservative loan-to-value ratio.
- Targeting larger-value commercial loans with financially stable, experienced sponsors.
Headwinds
- Net income decreased slightly over the same period last year due to investments in the organization.
- Higher interest expense due to unsecured, unsubordinated five-year notes raised in 2020.
- Increase in operating costs and expenses primarily attributable to the increase in unsecured bond debt.
- Company's largest expenses were interest and amortization of deferred financing costs.
- Forward-looking statements are subject to risks, uncertainties and assumptions.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2021
+0.2%
Avg return
Earnings day
-1.4%
Avg return
5 days after
-0.1%
Avg return
30 days after
46%
17 / 37 earnings
Positive
+37.6%
Q1 2026
Best reaction
-18.8%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +37.6% | +19.8% | -7.6% | |
| Q4 2025 | +1.5% | -11.5% | -3.7% | |
| Q3 2025 | +1.0% | +0.9% | +2.8% | |
| Q2 2025 | -1.8% | -2.6% | +6.9% | |
| Q1 2025 | -3.9% | -6.5% | -4.2% | |
| Q4 2024 | -9.6% | +0.9% | -10.4% | |
| Q3 2024 | -8.2% | -15.4% | -32.8% | |
| Q2 2024 | -1.7% | -1.3% | +9.0% | |
| Q1 2024 | +0.3% | +1.6% | -6.6% | |
| Q4 2023 | -18.8% | -19.1% | -29.4% | |
| Q3 2023 | +2.6% | +3.5% | +12.5% | |
| Q2 2023 | -3.5% | -3.7% | +4.0% | |
| Q1 2023 | -7.5% | -6.3% | -0.6% | |
| Q4 2022 | +1.4% | -1.1% | -5.2% | |
| Q3 2022 | +11.7% | +7.5% | +4.5% | |
| Q2 2022 | -1.0% | +0.6% | -14.2% | |
| Q1 2022 | +1.9% | +1.9% | +7.3% | |
| Q4 2021 | +1.2% | -1.7% | -6.8% | |
| Q3 2021 | +2.1% | +1.6% | +1.2% | |
| Q2 2021 | -0.6% | -5.5% | +2.4% | |
| Q1 2021 | +0.0% | -2.3% | +0.0% | |
| Q4 2020 | +3.3% | +4.8% | -0.6% | |
| Q3 2020 | +5.0% | -0.2% | +3.9% | |
| Q2 2020 | +4.2% | +2.3% | -3.4% | |
| Q1 2020 | +24.5% | +6.1% | +39.3% | |
| Q4 2019 | -16.7% | -19.6% | +17.7% | |
| Q3 2019 | -1.6% | -1.2% | +5.4% | |
| Q2 2019 | -2.2% | -2.8% | -7.2% | |
| Q1 2019 | +3.1% | +4.9% | +17.7% | |
| Q4 2018 | -1.8% | +2.7% | +0.9% | |
| Q3 2018 | -5.4% | -4.4% | -5.6% | |
| Q2 2018 | +2.9% | +0.5% | +2.0% | |
| Q1 2018 | -2.7% | -0.5% | +10.9% | |
| Q4 2017 | -3.5% | +2.6% | +4.2% | |
| Q3 2017 | -6.7% | -10.3% | -6.7% | |
| Q2 2017 | +0.0% | +2.1% | -7.4% | |
| Q1 2017 | +1.9% | +0.8% | -3.3% |
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