Sachem Capital Q3 revenue $14.8M, net loss $0.13/share; provision for credit losses $8.1M

Sachem Capital Corp.

2024-Q3 EPS reported -$0.14 revenue$46,735,000

Total revenue $14.8M, down 17% from $17.8M in Q3 2023.
Net loss $6.1M ($0.13 loss per share) vs net income $5.2M ($0.12 EPS) in prior year.
Provision for credit losses $8.1M vs recovery of $0.1M in prior year quarter.
Total assets $555.5M, down from $625.5M at Dec 2023; notes payable $260.5M.
Declared quarterly dividend $0.05/share, payable Nov 26, 2024.

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