---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-061657"
form_type: "8-K"
ticker: "SACH"
cik: "0001682220"
company_name: "Sachem Capital Corp."
filed_at: "2023-05-17T23:59:59+00:00"
generated_at: "2026-06-14T22:28:25.578572+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Sachem Capital Q1 revenue up 42.8% to $14.7M; net income $4.2M, EPS $0.10 flat YoY

## Summary
- Total revenue $14.7M vs $10.3M YoY (+42.8%), driven by lending growth; interest income $11.0M.
- Net income attributable to common $4.2M, $0.10 EPS (unchanged from Q1 2022).
- Total assets $597M at March 31, 2023, up 5.5% from Dec 31, 2022; shareholders' equity $229M.
- Quarterly dividend of $0.13/share paid April 24, 2023; company continues to qualify as REIT.
- Interest expense rose to $6.9M from $3.9M, reflecting growth in debt financing.

## SEC filing metadata
- accession: 0001104659-23-061657
- form_type: 8-K
- ticker: SACH
- cik: 0001682220
- company_name: Sachem Capital Corp.
- filed_at: 2023-05-17T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1682220/000110465923061657/0001104659-23-061657-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1682220/000110465923061657/tm2315069d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-061657
- JSON: https://secwatch.observer/filing/0001104659-23-061657.json
- Plain text: https://secwatch.observer/filing/0001104659-23-061657.txt

## Key facts
- Earnings Releases
  Sachem Capital Corp. reported the quarter ended March 31, 2023 results: revenue approximately $14.7 million, net income approximately $4.2 million, or $0.10 per share.
  - Period: the quarter ended March 31, 2023
  - Revenue: approximately $14.7 million
  - Net income: approximately $4.2 million, or $0.10 per share
  - Result: reported results
  source text: three month period ended March 31, 2023. --- EX-99.1 (EXHIBIT 99.1) --- EX-99.1 2 tm2315950d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Sachem Capital Revenue Increases 42.8% to $14.7 Million for the First Quarter 2023 BRANFORD, Conn., May 15, 2023 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announced its financial results for the quarter ended
  evidence_url: https://www.sec.gov/Archives/edgar/data/1682220/000110465923061657/0001104659-23-061657-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.