Company: SACH
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001682220-25-000070
Chunk: 10

Company: Sachem Capital Corp.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 10
---
10-K for the year ended December 31, 2024, are an integral part of these financial statements.

3

SACHEM CAPITAL CORP.

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (unaudited)

(dollars in thousands, except share data)

FOR THE  THREE MONTHS ENDED SEPTEMBER 30, 2025Preferred SharesCommon SharesAdditional Paid inCapitalAccumulatedOther ComprehensiveIncome (Loss)CumulativeNet EarningsCumulativeDividends PaidTotalsSharesAmountSharesAmountBalance, July 1, 20252,306,748$2 47,310,139$47 $257,384 $— $38,309 $(117,835)$177,907 Stock-based compensation, less shares forfeited—— 380,9821 216 — — — 217 Dividends paid on Series A Preferred Stock—— —— — — — (1,117)(1,117)Dividends paid on common shares—— —— — — — (2,386)(2,386)Net income—— —— — — 997 — 997 Balance, September 30, 20252,306,748$2 47,691,121$48 $257,600 $— $39,306 $(121,338)$175,618 

FOR THE  THREE MONTHS ENDED SEPTEMBER 30, 2024Preferred SharesCommon SharesAdditional Paid inCapitalAccumulatedOther ComprehensiveIncome (Loss)CumulativeNet EarningsCumulativeDividends PaidTotalsSharesAmountSharesAmountBalance, July 1, 20242,206,128$2 47,547,051$48 $255,928 $— $76,704 $(102,514)$230,168 .Issuance of Series A Preferred Stock, net of expenses73,696— —— 1,541 — — — 1,541 Stock buyback—— (535,369)(1)(1,372)— — — (1,373)Stock-based compensation—— (333)— 213 — — — 213 Dividends paid on Series A Preferred Stock—— —— — — — (1,095)(1,