Company: SACH
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001682220-25-000044
Chunk: 9

Company: Sachem Capital Corp.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 9
---
 operating expenses9,709 18,263 20,122 30,793 Operating income (loss)1,066 (3,117)2,095 1,157 Other income, netGain on equity securities821 61 696 458 Total other income, net821 61 696 458 Net income (loss)1,887 (3,056)2,791 1,615 Preferred stock dividends(1,118)(1,068)(2,235)(2,091)Net income (loss) attributable to common shareholders$769 $(4,124)$556 $(476)Basic and diluted earnings (loss) per Common Share$0.02 $(0.09)$0.01 $(0.01)Basic and diluted weighted average number of Common Shares outstanding46,875,187 47,504,875 46,830,215 47,415,630 

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.

2

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 EndedSix Months EndedJune 30,June 30,2025202420252024Net income (loss)$1,887 $(3,056)$2,791 $1,615 Other comprehensive income (loss):Reversal of losses from unrealized to realized— (65)— (65)Unrealized holding losses on available for sale (“AFS”) securities— (126)— (251)Comprehensive income (loss)$1,887 $(3,247)$2,791 $1,299 Preferred stock dividend$(1,118)$(1,068)$(2,235)$(2,091)Total comprehensive income (loss) attributable to common shareholders$769 $(4,315)$556 $(792)

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.

3

SACHEM CAPITAL CORP.

CONDENSED