Sachem Capital Corp. (SACH) financial statements (2022 and earlier)

Company profile

Business Address 698 MAIN STREET
BRANFORD, CT 06405
State of Incorp. NY
Fiscal Year End December 31
SIC 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments102,57356,70234,79299954
Cash and cash equivalents41,93919,40818,84299954
Short-term investments60,63437,29415,950  
Deferred costs26473   
Total current assets:102,83756,77534,79299954
Noncurrent Assets
Property, plant and equipment2,1721,4331,3461,180502
Total noncurrent assets:2,1721,4331,3461,180502
Other undisclosed assets312,953168,462105,07384,73566,038
TOTAL ASSETS:417,962226,670141,21186,01467,495
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt   27,200 
Total current liabilities:   27,200 
Noncurrent Liabilities
Other undisclosed liabilities237,879145,75158,6506,01112,928
Total liabilities:237,879145,75158,65033,21112,928
Stockholders' equity
Stockholders' equity attributable to parent180,08380,92082,56152,80354,566
Preferred stock2    
Common stock3322221515
Additional paid in capital185,51683,81483,85653,19353,316
Accumulated other comprehensive loss(476)(26)(51)  
Retained earnings (accumulated deficit)(4,992)(2,891)(1,267)(405)1,235
Total stockholders' equity:180,08380,92082,56152,80354,566
TOTAL LIABILITIES AND EQUITY:417,962226,670141,21186,01467,495

Income statement (P&L) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues30,42518,60312,68111,7136,997
Net investment income22,30613,8229,7528,9615,435
Cost of revenue(15,236)(8,202)(5,545)(3,404)(1,882)
Gross profit:15,18910,4017,1368,3105,115
Operating expenses(1,870)(1,407)(940)(538)(254)
Operating income:13,3198,9946,1967,7724,861
Nonoperating income
(Investment Income, Nonoperating)
1,100485   
Interest and debt expense (602)(340)(137)(59)
Income before gain (loss) on sale of properties:14,4198,8775,8567,6354,802
Gain on sale of properties, net of applicable income taxes  62  
Other undisclosed net income (loss)(1,100)117   
Net income:13,3198,9945,9187,6354,802
Other undisclosed net income attributable to parent  27813759
Net income attributable to parent:13,3198,9946,1967,7724,861
Other undisclosed net loss available to common stockholders, basic(1,854)    
Net income available to common stockholders, diluted:11,4658,9946,1967,7724,861

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:13,3198,9945,9187,6354,802
Comprehensive income:13,3198,9945,9187,6354,802
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2,330)25227  
Comprehensive income, net of tax, attributable to parent:10,9899,0196,1457,6354,802

Statements sources

The financial statements are based on the company's filings with the 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.

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