Sachem Capital Corp.
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 31, 2025
SACH$0.82+0.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(in thousands, except share and per share data)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Years Ended | ||||||
| · · December 31, | ||||||
| · 2024 · 2023 | ||||||
| Revenues · · · | ||||||
| Interest income from loans | | $43,154 | | $49,265 | ||
| Fee income from loans | | | 8,594 | | | 10,699 |
| Income from limited liability company investments | | | 5,239 | | | 3,522 |
| Other investment income | | | 391 | | | 1,209 |
| Other income | | 122 | | 54 | ||
| Total revenues | | 57,500 | | 64,749 | ||
| | | | | | | |
| Operating expenses | | | ||||
| Interest and amortization of deferred financing costs | | 27,798 | | 29,190 | ||
| Compensation and employee benefits | | 6,824 | | 6,932 | ||
| General and administrative expenses | | | 6,841 | | | 4,955 |
| Provision for credit losses related to available-for-sale debt securities | | | — | | | 809 |
| Provision for credit losses related to loans held for investment | | | 26,928 | | | 5,588 |
| Change in valuation allowance related to loans held for sale | | | 4,880 | | | — |
| Impairment loss on real estate owned | | | 492 | | | 794 |
| (Gain) loss on sale of real estate owned and property and equipment, net | | | (439) | | | 88 |
| Other expenses | | | 1,952 | | | 1,354 |
| Total operating expenses | | 75,276 | | 49,710 | ||
| Operating (loss) income before other (loss) income | | | (17,776) | | | 15,039 |
| | | | | | | |
| Other (loss) income | | | | | | |
| Gain on equity securities | | | 178 | | | 860 |
| Loss on sale of loans | | | (21,973) | | | — |
| Total other (loss) income, net | | | (21,795) | | | 860 |
| Net (loss) income | | | (39,571) | | | 15,899 |
| Preferred stock dividend | | | (4,304) | | | (3,795) |
| Net (loss) income attributable to common shareholders | | $(43,875) | | $12,104 | ||
| | | | | | | |
| Basic (loss) earnings per Common Share | | $(0.93) | | $0.27 | ||
| Diluted (loss) earnings per Common Share | | $(0.93) | | $0.27 | ||
| Basic weighted average Common Shares outstanding | | 47,413,012 | | 44,244,988 | ||
| Diluted weighted average Common Shares outstanding | | 47,413,012 | | 44,244,988 | ||
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