Sachem Capital Corp.

Sachem Capital Corp. announced its Q2 2026 financial results, reporting a net loss of $6.5 million, or $0.14 per common share, primarily due to increased provision for credit losses and $2.6 million in transaction expenses related to the pending merger. The company provided an update on its transformational asset contribution transaction with Industrial Realty Group (IRG), which is expected to create IRG Realty Trust, Inc. (IRGT) with an implied enterprise value of approximately $3.4 billion. IRG also reported significant leasing activity, with 9.3 million square feet of new and renewal leases signed.

Sachem Capital Corp. reported a net loss of $5.38 million for the second quarter of 2026 and $11.45 million for the first half of 2026, a significant decline from the net income reported in the prior year periods. Concurrently, the company announced a transformative Contribution Agreement with Industrial Realty Group Global, LLC, under which IRG Global will contribute a portfolio of industrial real estate assets valued at approximately $2.9 billion gross to a new operating partnership. As part of this transaction, Sachem Capital will undergo a redomestication, a 20-to-1 reverse stock split, and change its name to "IRG Realty Trust, Inc.", with IRG Global expected to hold a substantial majority of the operating partnership units.

Sachem Capital Corp. provided an update on its pending asset contribution transaction with Industrial Realty Group (IRG), which will create IRG Realty Trust, Inc. (IRGT), an industrial REIT with an expected implied enterprise value of $3.4 billion. IRGT is projected to own 98 industrial properties valued at $2.9 billion, plus Sachem's $473 million in assets. For Q2 2026, Sachem reported a net loss of $6.5 million, or $0.14 per common share, primarily due to a $2.6 million provision for credit losses and $2.6 million in transaction expenses related to the IRG deal.

Sachem Capital Corp. announced it will release its second quarter 2026 financial results after market close on Wednesday, August 5, 2026. The release will also include an update on its pending asset contribution transaction with Industrial Realty Group (IRG). This transaction is valued at approximately $1.5 billion, and the resulting combined entity, to be known as IRG Realty Trust (IRGT), is projected to have an implied enterprise value of about $3.4 billion and become a top-10 publicly listed industrial REIT.

Sachem Capital Corp. announced its board of directors has authorized and declared quarterly dividends for both its common and preferred stock. The common stock dividend is set at $0.01 per share, while the Series A Cumulative Redeemable Preferred Stock will receive $0.484375 per share. Both dividends are scheduled to be paid on June 30, 2026, to shareholders of record as of June 15, 2026. The preferred stock dividend represents the full amount accrued for the period from March 30, 2026, to June 29, 2026.

Sachem Capital Corp. announced that its Board of Directors declared a quarterly dividend of $0.01 per common share. Additionally, the Board declared a quarterly dividend of $0.484375 per share for holders of its 7.75% Series A Cumulative Redeemable Preferred Stock. Both dividends are scheduled to be paid on June 30, 2026, to shareholders of record as of the close of trading on June 15, 2026.

Sachem Capital Corp. announced the passing of Arthur Goldberg, a long-serving Independent Director and member of its Audit, Compensation, and Nominating and Corporate Governance Committees. Mr. Goldberg had served on the Board for nearly ten years. Concurrently, the company appointed Leslie Bernhard as the new Audit Committee Chair and Audit Committee Financial Expert.

Sachem Capital Corp. announced its Q1 2026 financial results, reporting a net loss of $7.2 million, or $0.15 per common share, primarily due to a significant increase in provision for credit losses and transaction expenses related to a pending merger. Subsequent to quarter-end, the company announced a definitive contribution agreement with Industrial Realty Group (IRG), which will combine 98 industrial assets from IRG with Sachem's existing portfolio, forming IRG Realty Trust, Inc. (IRGT). This transformational transaction is expected to create a top-10 publicly listed industrial REIT with an implied enterprise value of approximately $3.4 billion, adding significant scale and diversification to Sachem's asset base.

Sachem Capital Corp. reported a net loss of $6.08 million for Q1 2026, a significant decline from a net income of $0.90 million in Q1 2025, resulting in a basic and diluted loss per common share of $(0.15). This was primarily driven by a substantial increase in the provision for credit losses to $5.37 million and higher operating expenses. The company also restructured a legacy Naples, Florida mortgage receivable, acquiring condominium assets valued at $35.9 million, which resulted in a $3.9 million credit loss.

Sachem Capital Corp. and Industrial Realty Group Global, LLC announced a definitive contribution agreement to combine and form IRG Realty Trust, Inc. IRG Global will contribute 98 industrial assets, creating a top-10 public industrial REIT with an implied combined enterprise value of approximately $3.4 billion. The transaction values Sachem common shares at $2.00 per share, a 90% premium to the 30-day VWAP, and is expected to be accretive to Sachem's per-share earnings in 2027. This strategic combination aims to transform Sachem into a scaled industrial platform with multiple growth levers and an improved cost of capital.