{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-059956","form_type":"8-K","ticker":"SACH","cik":"0001682220","company_name":"Sachem Capital Corp.","filed_at":"2024-05-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.569880+00:00","generated_at":"2026-06-02T03:53:33.560396+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Sachem Capital Q1 revenue up 17% to $17.2M; net income falls to $3.6M on higher credit loss provision","bullets":["Revenue $17.2M (+17% YoY); interest income $12.6M vs $11.0M.","Net income attributable to common $3.6M ($0.08/sh) vs $4.2M ($0.10/sh) in Q1 2023.","Non-cash provision for credit losses increased $1.2M due to collateral value reductions.","Operating costs rose to $12.5M from $9.6M, driven by higher interest expense and G&A.","Notes due in 2024: $23.7M (June) and $34.5M (Dec); intends to repay via refinancing or cash/credit."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-059956","json":"https://secwatch.observer/filing/0001104659-24-059956.json","markdown":"https://secwatch.observer/filing/0001104659-24-059956.md","text":"https://secwatch.observer/filing/0001104659-24-059956.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1682220/000110465924059956/0001104659-24-059956-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1682220/000110465924059956/tm2414164d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T03:53:33.560396+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":"ae1c5abc5a58f3111ea896694b0b36b19a818ac8","claim":"Sachem Capital Corp. reported first quarter ended March 31, 2024 results: revenue $17.2 million, net income $3.6 million, EPS $0.08 per share.","evidence_excerpt":"31, 2024. --- EX-99.1 (EXHIBIT 99.1) --- EX-99.1 2 tm2414164d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 SACHEM CAPITAL REPORTS FIRST QUARTER 2024 RESULTS – REVENUES GREW 17.0% TO $17.2 MILLION - Company to Host Webcast and Conference Call - BRANFORD, Conn., May 10, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announced its financial results for","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1682220/000110465924059956/0001104659-24-059956-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Revenue","value":"$17.2 million"},{"label":"Net income","value":"$3.6 million"},{"label":"EPS","value":"$0.08 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"}