NYSE$SACH
Sachem Capital Corp · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Sachem Capital's financial performance for Q1 2024 was announced, marked by a 17.0% increase in revenues, reaching $17.2 million.
Sachem Capital Corp. reported a 17.0% increase in total revenue to $17.2 million for the quarter ended March 31, 2024, compared to $14.7 million for the same period in 2023. Net income attributable to common shareholders was $3.6 million, or $0.08 per share, down from $4.2 million, or $0.10 per share, for the three months ended March 31, 2023.
- Total revenue increased by 17.0% to $17.2 million compared to the same quarter last year.
- Net income attributable to common shareholders was $3.6 million, or $0.08 per share.
- Total assets remained relatively consistent at $626.5 million.
- The company paid a quarterly dividend of $0.11 per share on April 16, 2024.
Headline financials
Revenue & EPS history
Sachem Capital · Revenue · Quarterly
$17.2M
Forward guidance
The Company remains focused on the repayment of $23.7 million principal amount of unsecured unsubordinated notes due June 30, 2024 and $34.5 million principal amount of unsecured unsubordinated notes due December 30, 2024. The Company intends to repay these notes either by refinancing them or with a combination of drawdowns on its existing credit facilities, current cash on hand and principal repayments of its mortgage loans.
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 2024
+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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