secwatch.observer — SEC 8-K summary
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Issuer:     Sachem Capital Corp. (SACH)
CIK:        0001682220
Form:       8-K
Filed at:   2026-03-18T23:59:59+00:00
Accession:  0001682220-26-000018
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sachem Capital swings to FY2025 net income of $1.8M vs FY2024 loss of $43.9M
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- Net income attributable to common shareholders of $1.8M ($0.04/share) vs net loss of $43.9M ($(0.93)/share) in 2024.
- Net interest income fell to $11.7M from $20.5M; net interest margin compressed to 3.1% from 4.4%.
- Issued $100M Senior Secured Notes due 2030 at 9.875%; reduced near-term refinancing concentration.
- Sale of Westport, CT property generated $19.9M net proceeds and $4.0M book gain.
- Book value per common share declined to $2.46 from $2.64; total assets $460M vs $492M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1682220/000168222026000018/0001682220-26-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1682220/000168222026000018/sach-20260312.htm
  HTML page:      https://secwatch.observer/filing/0001682220-26-000018

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer