Earnings Call Summary | Sachem Capital Corp(SACH.US) Q4 2023 Earnings Conference
Earnings Call Summary | Sachem Capital Corp(SACH.US) Q4 2023 Earnings Conference
The following is a summary of the Sachem Capital Corp. (SACH) Q4 2023 Earnings Call Transcript:
以下是萨赫姆资本公司(SACH)2023年第四季度财报电话会议记录摘要:
Financial Performance:
财务业绩:
Sachem Capital's revenue showed significant growth in 2023, having increased by 25.5% to $65.6 million from $52.3 million in the previous year.
Non-cash impairments led to a cost of about $6.4 million, mainly arising from two office loans.
Operating costs and expenses grew to $49.7 million in 2023 due to higher interest rates, compared to $31.4 million in 2022.
A decrease in Net income was observed, falling to $12.1 million in 2023 from $17.2 million in 2022.
Earnings per share saw a decline from $0.46 in 2022 to $0.27 in 2023.
萨赫姆资本的收入在2023年实现了显著增长,从去年的5,230万美元增长了25.5%,至6,560万美元。
非现金减值导致成本约640万美元,主要来自两笔办公贷款。
由于利率的提高,运营成本和支出在2023年增长到4,970万美元,而2022年为3,140万美元。
观察到净收入有所下降,从2022年的1,720万美元降至2023年的1,210万美元。
每股收益从2022年的0.46美元下降到2023年的0.27美元。
Business Progress:
业务进展:
Sachem expanded its loan originations during 2023 to approximately $205 million.
The company secured additional revenue of approximately $4.1 million, owing to its effective strategies with loan extensions, modifications, and defaults.
The investment in partnerships marked a $12.2 million increase from the previous year due to significant participation in the multifamily and workforce housing sectors.
Despite a challenging economic scenario and rising interest rates, Sachem is planning to focus on capital protection, shareholder value growth, and liquidity maintenance.
Sachem Capital has embraced stricter lending criteria and aims to reduce loan count in the coming quarters, focusing on better quality sponsors, larger down payments, and quality properties.
萨赫姆在2023年将其贷款发放范围扩大到约2.05亿美元。
由于其有效的贷款延期、修改和违约策略,该公司获得了约410万美元的额外收入。
由于大量参与多户住宅和劳动力住房领域,对伙伴关系的投资比上年增加了1,220万美元。
尽管经济形势充满挑战且利率不断上升,但萨赫姆仍计划将重点放在资本保护、股东价值增长和流动性维护上。
Sachem Capital采用了更严格的贷款标准,目标是在未来几个季度减少贷款数量,重点关注质量更好的赞助商、更大的首付和优质的房产。
More details: Sachem Capital Corp IR
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