{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-042619","form_type":"8-K","ticker":"SACH","cik":"0001682220","company_name":"Sachem Capital Corp.","filed_at":"2024-04-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.569573+00:00","generated_at":"2026-06-04T03:38:03.462485+00:00","sec_items":["2.02","7.01","8.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Sachem Capital reports FY2023 revenue up 26% to $65.6M but net income falls 29% to $12.1M; declares $0.11 dividend","bullets":["Total revenue $65.6M (+25.5% YoY); interest income $49.3M vs $42.6M.","Net income attributable to common shareholders $12.1M ($0.27 EPS) vs $17.2M ($0.46 EPS), down 29.4% and 40.1%.","Provision for credit losses $6.4M (non-cash), over 70% from commercial real estate collateral decline.","Quarterly dividend of $0.11 per share declared, payable April 16, 2024 to holders of record April 9.","Total assets $625.5M (+11% YoY); notes payable $23.7M due June 2024; expects sufficient working capital."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-042619","json":"https://secwatch.observer/filing/0001104659-24-042619.json","markdown":"https://secwatch.observer/filing/0001104659-24-042619.md","text":"https://secwatch.observer/filing/0001104659-24-042619.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1682220/000110465924042619/0001104659-24-042619-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1682220/000110465924042619/tm2410333d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T03:38:03.462485+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6ddf8f16305495d89166f05bc32904878b378fb1","claim":"Sachem Capital Corp. reported year ended December 31, 2023 results: revenue $65.6 million, net income approximately $12.1 million, or $0.27 per share, EPS $0.27 per share.","evidence_excerpt":"and will continue our efforts to protect our capital and increase shareholder value.” Results of operations for year ended December 31, 2023 Total revenue increased 25.5% to $65.6 million, compared to $52.3 million for the year ended December 31, 2022. Revenue growth was due primarily to the growth in size of the company’s mortgage portfolio and increases in rates","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1682220/000110465924042619/0001104659-24-042619-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"year ended December 31, 2023"},{"label":"Revenue","value":"$65.6 million"},{"label":"Net income","value":"approximately $12.1 million, or $0.27 per share"},{"label":"EPS","value":"$0.27 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}