Company: SACH
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001682220-25-000070
Chunk: 108

Company: Sachem Capital Corp.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 2
Chunk 108
---
 $0.07 per common share, partially offset by net income for the three months ended September 30, 2025 of $1.0 million, or $0.02 per common share.

35

Nine months ended September 30, 2025 compared to nine months ended September 30, 2024

Nine Months Ended September 30, 20252024$ Change% Change% of 2025 Total Revenue% of 2024 Total RevenueRevenuesInterest income from loans$23,696 $35,816 $(12,120)(33.8)%69.3 %76.6 %Fee income from loans5,160 6,543 (1,383)(21.1)%15.1 %14.0 %Income from limited liability company investments4,128 3,907 221 5.7 %12.1 %8.4 %Other investment income102 388 (286)(73.7)%0.3 %0.8 %Other income1,131 81 1,050 1296.3 %3.3 %0.2 %Total revenues34,217 46,735 (12,518)(26.8)%100.0 %100.0 %Operating expensesInterest and amortization of deferred financing costs18,798 21,278 (2,480)(11.7)%54.9 %45.5 %Compensation and employee benefits5,926 5,053 873 17.3 %17.3 %10.8 %General and administrative expenses4,338 4,797 (459)(9.6)%12.7 %10.3 %Provision for credit losses related to loans held for investment2,788 17,964 (15,176)(84.5)%8.1 %38.4 %Change in valuation allowance related to loans held for sale(1,014)— (1,014)100.0 %(3.0)%— %Impairment loss on real estate owned185 397 (212)(53.4)%0.5 %0.8 %Loss (gain) on sale of real estate owned and property and equipment, net181 (294)475 (161.6)%0.5 %(0.6)%Other expenses1,287