Company: SACH
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001682220-25-000044
Chunk: 11

Company: Sachem Capital Corp.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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 — — (1,068)(1,068)Dividends Paid on Common Shares—— —— — — — (5,219)(5,219)Net loss—— —— — — (3,056)— (3,056)Balance, June 30, 20242,206,128$2 47,547,051$48 $255,928 $— $76,704 $(102,514)$230,168 

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.

4

SACHEM CAPITAL CORP.

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

(dollars in thousands, except share data)

FOR THE SIX MONTHS ENDED JUNE 30, 2025Preferred SharesCommon SharesAdditional Paid inCapitalAccumulatedOther ComprehensiveIncome (Loss)CumulativeNet EarningsCumulativeDividends PaidTotalsSharesAmountSharesAmountBalance, January 1, 20252,306,748$2 46,965,306$47 $256,956 $— $35,518 $(110,872)$181,651 Stock-based compensation, less shares forfeited—— 344,833— 428 — — — 428 Dividends paid on Series A Preferred Stock—— —— — — — (2,235)(2,235)Dividends paid on Common Shares—— —— — — — (4,728)(4,728)Net income—— —— — — 2,791 — 2,791 Balance, June 30, 20252,306,748$2 47,310,139$47 $257,384 $— $38,309 $(117,835)$177,907 

FOR THE SIX MONTHS ENDED JUNE 30, 2024Preferred SharesCommon SharesAdditional Paid inCapitalAccumulatedOther ComprehensiveIncome (Loss)CumulativeNet EarningsCumulativeDividends PaidTotalsSharesAmountSharesAmountBalance, January 1, 20242,029,923$2 46,765,483$47