secwatch.observer — SEC 8-K summary
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Issuer:     Sachem Capital Corp. (SACH)
CIK:        0001682220
Form:       8-K
Filed at:   2023-05-17T23:59:59+00:00
Accession:  0001104659-23-061657
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1682220/000110465923061657/0001104659-23-061657-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1682220/000110465923061657/tm2315069d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-061657

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