Sachem Capital Reports FY 2023 Results

Monday, 1 April 2024, 11:02

Sachem Capital released its FY 2023 results, posting a GAAP EPS below analysts' expectations while exceeding revenue forecasts. The company's performance was influenced by the growth in its mortgage portfolio and higher interest rates.
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Sachem Capital Reports FY 2023 Results

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.


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