secwatch.observer — SEC 8-K summary
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Issuer:     Sachem Capital Corp. (SACH)
CIK:        0001682220
Form:       8-K
Filed at:   2024-08-15T23:59:59+00:00
Accession:  0001104659-24-089921
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1682220/000110465924089921/0001104659-24-089921-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1682220/000110465924089921/tm2421742d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-089921

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