Sachem Capital Corp. (SACH) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
568 EAST MAIN STREET BRANFORD, CT 06405 |
| State of Incorp. | NY |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6798 - Real Estate Investment Trusts (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 48,290 | 102,573 | 56,702 | 34,792 | 99 | 954 | |||
| Cash and cash equivalents | 23,713 | 41,939 | 19,408 | 18,842 | 99 | 954 | |||
| Short-term investments | 24,576 | 60,634 | 37,294 | 15,950 | |||||
| Deferred costs | 264 | 73 | |||||||
| Other current assets | 477 | ||||||||
| Total current assets: | 48,767 | 102,837 | 56,775 | 34,792 | 99 | 954 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 4,122 | 2,172 | 1,433 | 1,346 | 1,180 | 502 | |||
| Intangible assets, net (including goodwill) | 521 | ||||||||
| Goodwill | 391 | ||||||||
| Intangible assets, net (excluding goodwill) | 130 | ||||||||
| Total noncurrent assets: | 4,643 | 2,172 | 1,433 | 1,346 | 1,180 | 502 | |||
| Other undisclosed assets | 512,252 | 312,953 | 168,462 | 105,073 | 84,735 | 66,038 | |||
| TOTAL ASSETS: | 565,662 | 417,962 | 226,670 | 141,211 | 86,014 | 67,495 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 27,200 | ||||||||
| Total current liabilities: | 27,200 | ||||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 347,955 | 237,879 | 145,751 | 58,650 | 6,011 | 12,928 | |||
| Total liabilities: | 347,955 | 237,879 | 145,751 | 58,650 | 33,211 | 12,928 | |||
| Equity | |||||||||
| Equity, attributable to parent | 217,707 | 180,083 | 80,920 | 82,561 | 52,803 | 54,566 | |||
| Preferred stock | 2 | 2 | |||||||
| Common stock | 41 | 33 | 22 | 22 | 15 | 15 | |||
| Additional paid in capital | 226,221 | 185,516 | 83,814 | 83,856 | 53,193 | 53,316 | |||
| Accumulated other comprehensive loss | (561) | (476) | (26) | (51) | |||||
| Retained earnings (accumulated deficit) | (7,995) | (4,992) | (2,891) | (1,267) | (405) | 1,235 | |||
| Total equity: | 217,707 | 180,083 | 80,920 | 82,561 | 52,803 | 54,566 | |||
| TOTAL LIABILITIES AND EQUITY: | 565,662 | 417,962 | 226,670 | 141,211 | 86,014 | 67,495 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 52,276 | 30,425 | 18,603 | 12,681 | 11,713 | 6,997 | ||
| Net investment income | 2,969 | 22,306 | 13,822 | 9,752 | 8,961 | 5,435 | ||
| Cost of revenue | (27,365) | (15,236) | (8,202) | (5,545) | (3,404) | (1,882) | ||
| Gross profit: | 24,911 | 15,189 | 10,401 | 7,136 | 8,310 | 5,115 | ||
| Operating expenses | (4,002) | (1,870) | (1,407) | (940) | (538) | (254) | ||
| Other operating expense, net (Other Expenses) | (545) | |||||||
| Operating income: | 20,364 | 13,319 | 8,994 | 6,196 | 7,772 | 4,861 | ||
| Nonoperating income (Investment Income, Nonoperating) | 1,100 | 485 | ||||||
| Interest and debt expense | (602) | (340) | (137) | (59) | ||||
| Income from continuing operations: | 20,364 | 14,419 | 8,877 | 5,856 | 7,635 | 4,802 | ||
| Income before gain (loss) on sale of properties: | ✕ | 14,419 | 8,877 | 5,856 | 7,635 | 4,802 | ||
| Gain on sale of properties, net of applicable income taxes | ✕ | ✕ | ✕ | ✕ | 62 | |||
| Other undisclosed net income (loss) | 545 | (1,100) | 117 | |||||
| Net income: | 20,909 | 13,319 | 8,994 | 5,918 | 7,635 | 4,802 | ||
| Other undisclosed net income attributable to parent | 278 | 137 | 59 | |||||
| Net income attributable to parent: | 20,909 | 13,319 | 8,994 | 6,196 | 7,772 | 4,861 | ||
| Other undisclosed net loss available to common stockholders, basic | (3,687) | (1,854) | ||||||
| Net income available to common stockholders, diluted: | 17,222 | 11,465 | 8,994 | 6,196 | 7,772 | 4,861 | ||
Comprehensive Income ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 20,909 | 13,319 | 8,994 | 5,918 | 7,635 | 4,802 | ||
| Other comprehensive loss | ||||||||
| Comprehensive income: | 20,909 | 13,319 | 8,994 | 5,918 | 7,635 | 4,802 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (3,773) | (2,330) | 25 | 227 | ||||
| Comprehensive income, net of tax, attributable to parent: | 17,136 | 10,989 | 9,019 | 6,145 | 7,635 | 4,802 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.