Company: SACH
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001682220-25-000070
Chunk: 9

Company: Sachem Capital Corp.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 9
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 (30)181 (294)Other expenses447 339 1,287 1,205 Total operating expenses12,367 19,607 32,489 50,400 Operating (loss) income (367)(4,822)1,728 (3,665)Other income, netGain (loss) on equity securities1,364 (229)2,060 229 Total other income, net1,364 (229)2,060 229 Net income (loss)997 (5,051)3,788 (3,436)Preferred stock dividends(1,117)(1,095)(3,352)(3,187)Net (loss) income attributable to common shareholders$(120)$(6,146)$436 $(6,623)Basic and diluted (loss) earnings per common share$0.00 $(0.13)$0.01 $(0.14)Basic and diluted weighted average number of common shares outstanding46,902,151 47,339,635 46,854,457 47,390,113 

The accompanying notes, together with the notes to the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, are an integral part of these financial statements.

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Table of Contents

SACHEM CAPITAL CORP.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (unaudited)

(dollars in thousands, except share and per share data)

Three Months EndedNine Months EndedSeptember 30,September 30,2025202420252024Net income (loss)$997 $(5,051)$3,788 $(3,436)Other comprehensive income (loss):Reversal of losses from unrealized to realized— — — (65)Unrealized holding losses on available for sale (“AFS”) securities— — — (251)Comprehensive income (loss)$997 $(5,051)$3,788 $(3,752)Preferred stock dividend$(1,117)$(1,095)$(3,352)$(3,187)Total comprehensive income (loss) attributable to common shareholders$(120)$(6,146)$436 $(6,939)

The accompanying notes, together with the notes to the consolidated financial statements included in the Company’s Annual Report on Form