Sachem Capital Reports FY 2023 Results
Monday, 1 April 2024, 11:02
Overview
Sachem Capital's FY 2023 results showcase a mixed performance with a lower than expected GAAP EPS but a revenue beat, highlighting the company's strategic direction.
Key Points:
- EPS Miss: The GAAP EPS for FY 2023 was $0.27, falling short by $0.20 compared to estimates.
- Revenue Beat: Sachem Capital reported revenue of $65.6M, surpassing expectations by $1.28M.
- Drivers of Growth: The company saw growth in its mortgage portfolio and benefited from increased interest rates.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.