---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-089921"
form_type: "8-K"
ticker: "SACH"
cik: "0001682220"
company_name: "Sachem Capital Corp."
filed_at: "2024-08-15T23:59:59+00:00"
generated_at: "2026-05-31T09:02:02.556688+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Sachem Capital Q2 net loss $0.09/share vs consensus $0.12; revenue $15.1M miss on $8.5M credit loss provision

## Summary
- Net loss attributable to common shares of $4.1M ($0.09 loss per share) vs net income of $4.8M ($0.11) in Q2 2023.
- Total revenue $15.1M, down from $16.3M YoY; interest income $11.8M; fee income down ~37%.
- Provision for credit losses surged to $8.5M from $94K in prior-year quarter, driving the net loss.
- Total indebtedness reduced by $33.8M in Q2; plans to refinance/repay $34.5M notes due Dec 2024.
- Quarterly dividend of $0.08/share paid Aug 6, 2024; maintained REIT distribution policy.

## SEC filing metadata
- accession: 0001104659-24-089921
- form_type: 8-K
- ticker: SACH
- cik: 0001682220
- company_name: Sachem Capital Corp.
- filed_at: 2024-08-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1682220/000110465924089921/0001104659-24-089921-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1682220/000110465924089921/tm2421742d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-089921
- JSON: https://secwatch.observer/filing/0001104659-24-089921.json
- Plain text: https://secwatch.observer/filing/0001104659-24-089921.txt

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