Sachem Capital Corp. (NYSE:SACH) Q2 2023 Earnings Conference Call August 15, 2023 8:00 AM ET Company Participants Kevin Reed - ICR John Villano - CEO and Interim CFO Nick Marcello - VP, Finance and Operations Conference Call Participants Tyler Batory - Oppenheimer & Co. Christopher Nolan - Ladenburg Thalmann Matthew Erdner - Jones Trading Chris Muller - JMP Securities Operator Greetings, and welcome to the Sachem Capital Corp. Second Quarter 2023 Earnings Conference Call. [Operator Instructions] As a remind ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-37997 SACHEM CAPITAL CORP. (Exact name of registrant as specified in its charter) New York 81-3467779 (State o ...

Sachem Capital Corp. (NYSE:SACH) Q1 2023 Earnings Conference Call May 15, 2023 8:00 AM ET Company Participants Kevin Reed - ICR John Villano - Chief Executive Officer and Interim Chief Financial Officer Nick Marcello - Vice President, Finance and Operations Conference Call Participants Gaurav Mehta - EF Hutton Tyler Batory - Oppenheimer Christopher Nolan - Ladenburg Thalmann Matthew Erdner - JonesTrading Operator Good morning ladies and gentlemen, and welcome to the Sachem Capital Corp. First Quarter 2023 E ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-37997 SACHEM CAPITAL CORP. (Exact name of registrant as specified in its charter) New York 81-3467779 (State ...

Sachem Capital Corp. (NYSE:SACH) Q4 2022 Results Conference Call March 31, 2023 8:00 AM ET Company Participants Kevin Reed - ICR John Villano - Chief Executive Officer John Warch - Chief Financial Officer Conference Call Participants Matthew Erdner - JonesTrading Gaurav Mehta - EF Hutton Christopher Nolan - Ladenburg Thalmann Tyler Batory - Oppenheimer Chris Muller - JMP Securities Operator Greetings, and welcome to the Sachem Capital Corp. Fourth Quarter and Full Year 2022 Earnings Conference Call. At this ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-37997 SACHEM CAPITAL CORP. (Exact name of registrant as specified in its charter) New York 81-3467779 State or othe ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-37997 SACHEM CAPITAL CORP. (Exact name of registrant as specified in its charter) New York 81-3467779 (St ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-37997 SACHEM CAPITAL CORP. (Exact name of registrant as specified in its charter) New York 81-3467779 (State o ...

Revenue and Income Growth - Revenue increased by 80.3% compared to Q1 2021, with interest income rising by 87.8% and origination fees increasing by 216.5%[126] - Total revenue for Q1 2022 was approximately $10.3 million, an increase of 80.3% from $5.7 million in Q1 2021[160] - Interest income for Q1 2022 was approximately $8.5 million, up 87.8% from $4.5 million in Q1 2021[160] - Origination fees increased to approximately $1.6 million in Q1 2022, representing a 216.5% increase from approximately $517,000 in Q1 2021[160] - Net income attributable to common shareholders rose by 57.1%, while earnings per share remained unchanged at $0.10[126] - Net income attributable to common shareholders for the three months ended March 31, 2022, was $3,429,700, up from $2,183,101 in the prior year[166] - Adjusted earnings attributable to common shareholders for the period ended March 31, 2022, were $4,481,930, compared to $2,183,101 for the same period in 2021, reflecting a significant increase[166] Assets and Liabilities - Total assets increased by approximately $63.8 million, or 15.3%, to approximately $481.8 million as of March 31, 2022, primarily due to an increase in the mortgage loan portfolio[168] - Total liabilities rose by approximately $44.5 million, or 18.7%, to approximately $282.4 million as of March 31, 2022, mainly due to an increase in notes payable[169] - Total shareholders' equity increased by approximately $19.3 million to approximately $199.4 million as of March 31, 2022, driven by net proceeds from the sale of common shares[170] Cash Flow - Net cash provided by operating activities for the three months ended March 31, 2022, was approximately $7.8 million, compared to $2.8 million for the same period in 2021[171] - Net cash used for investing activities increased significantly to approximately $48.7 million for the three months ended March 31, 2022, compared to $2.1 million in the prior year[172] - Net cash provided by financing activities for the three months ended March 31, 2022, was approximately $56.8 million, a substantial increase from $1.8 million used in the comparable 2021 period[174] Loan Portfolio and Underwriting - Mortgages receivable increased by 125.6% compared to March 31, 2021, and cash and cash equivalents rose by 215.4%[126] - As of March 31, 2022, the mortgage loan portfolio included 204 loans with future funding obligations totaling approximately $115.4 million, up from 129 loans totaling approximately $23.5 million a year earlier[138] - The yield on the mortgage loan portfolio decreased from 11.73% in Q1 2021 to 11.30% in Q1 2022, indicating interest rate compression[130] - The company has implemented a new underwriting model to automate loan documentation, enhancing processing accuracy and efficiency[127] - The company is focusing on larger-value commercial loans with experienced sponsors to drive growth and operational excellence[127] Debt and Financing - Debt represented approximately 55.5% of total capital as of March 31, 2022, down from 63.0% a year prior[140] - The outstanding balance under the Churchill Facility was approximately $26.9 million as of March 31, 2022, accruing interest at an effective rate of 4.70% per annum[145] - The Wells Fargo Loan had a balance of approximately $23.3 million at March 31, 2022, with an interest rate of 1.75% below the prime rate[146] - The NHB Mortgage had an outstanding amount of $750,000 as of December 31, 2021, with an initial interest rate of 3.75% per annum[147] Shareholder Distributions - The company aims to grow its loan portfolio while maintaining a minimum distribution of 90% of taxable income to qualify as a REIT[125] - The company intends to pay regular quarterly distributions to holders of common shares of not less than 90% of its REIT taxable income[177] - The company raised approximately $15.5 million from the sale of 2,730,725 common shares during the three months ended March 31, 2022[150] - The company raised approximately $45.5 million from the sale of 1,903,000 shares of Series A Preferred Stock in June and July 2021[148] Operating Expenses - Increased operating expenses were noted, primarily due to a higher debt load, increased headcount, and loan volume[137] - Total operating costs and expenses for Q1 2022 were approximately $5.9 million, an increase of 68.6% from $3.5 million in Q1 2021[161] Contractual Obligations - As of March 31, 2022, total contractual obligations amounted to approximately $119.2 million, including unfunded loan commitments of $115.4 million[185]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ⌧ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 or ◻ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-37997 SACHEM CAPITAL CORP. (Exact name of registrant as specified in its charter) State or other jurisdiction of (I ...