Sachem Capital Corp. (NYSE: SACH) stated recent earning updates to investors review

Shares of Sachem Capital Corp. (NYSE: SACH) closed the trading at a price of $5.14 with the negative change of -2.84%. In the past session approximately 245.84K shares were exchanged against the average daily trading volume of 140.47K shares. The stock touched to the maximum level of $5.29, and it reached the lower level of $5.10 in past session. The stocks market capitalization has now valued at $102.90M. The stocks low price in its 52 week is $3.80 per share while $5.70 as the 52 week high price.

Sachem Capital Corp. (NYSE: SACH) recently reported its financial results for the first quarter ended March 31, 2019.

Total revenue for the three months ended March 31, 2019 was about $3.35M contrast to about $2.72M for the three months ended March 31, 2018, a raise of about $630,000, or 23.2%. Contrast to the 2018 period, for the 2019 period interest income increased about $789,000, or 40.2%, to $2.75M from $1.96M and net origination fees increased about $16,000.

Total operating costs and expenses for three months ended March 31, 2019 were about $1.3M contrast to $744,000 for the three months ended March 31, 2018, a raise of about $547,000, reflecting a raise in lending operations and related increases in administrative expenses. Contrast to the 2018 period, in the 2019 period interest expense and amortization of deferred financing costs expense increased about $398,000, compensation expenses increased about $139,000 and administrative expenses increased about $67,000.

Net income for the three months ended March 31, 2019 was about $2.1M, or $0.13 per basic and diluted share, contrast to $2.0M, or $0.13 per basic and diluted share for the three months ended March 31, 2018.

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