Company: SACH
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001682220-25-000070
Chunk: 83

Company: Sachem Capital Corp.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 83
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idential - Single FamilyOld Lyme, CTMay 2025285Residential - Single FamilyOld Lyme, CTMay 2025315Commercial - OfficeTrumbull, CTJuly 2025$3,550 Commercial - OfficeBaltimore, MDJuly 2025$799 Mixed UseCumberland Center, MEJuly 2025$300 Commercial - OfficeWilton, CTSeptember 2025$1,338 Commercial - OfficeWilton, CTSeptember 2025$334 Total$18,912 

For further information, see Note 6 – Real Estate Owned (REO) — to our condensed consolidated financial statements.

33

Results of Operations

Three months ended September 30, 2025 compared to three months ended September 30, 2024

Three Months Ended September 30, 20252024$ Change% Change% of 2025 Total Revenue% of 2024 Total RevenueRevenuesInterest income from loans8,326 $11,420 $(3,094)(27.1)%69.4 %77.2 %Fee income from loans1,964 1,843 121 6.6 %16.4 %12.5 %Income from limited liability company investments1,098 1,495 (397)(26.6)%9.2 %10.1 %Other investment income85 3 82 2733.3 %0.7 %— %Other income527 24 503 2095.8 %4.4 %0.2 %Total revenues12,000 14,785 (2,785)(18.8)%100.0 %100.0 %Operating expensesInterest and amortization of deferred financing costs6,565 6,836 (271)(4.0)%54.7 %46.2 %Compensation and employee benefits2,334 1,745 589 33.8 %19.5 %11.8 %General and administrative expenses1,679 2,301 (622)(27.0)%14.0 %15.6 %Provision for credit losses related to loans held for investment812 8,096 (7,284)(90.0)%6.8 %54.8 %Change in valuation allowance related to loans held for sale33 — 33 100.0 %