Sachem Capital Corp.

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.

Sachem Capital Corp. and Industrial Realty Group (IRG) announced a definitive agreement for IRG to contribute 98 industrial assets to Sachem, creating IRG Realty Trust, Inc. (IRGT). The combined company will have an implied enterprise value of approximately $3.4 billion and will reposition Sachem as a scaled industrial REIT. The transaction values Sachem common shares at $2.00 per share, representing a 90% premium, and is expected to deliver an immediate strategic reset and long-term growth for Sachem shareholders.

Sachem Capital Corp. announced its intention to utilize the extension period under Rule 12b-25 for filing its Form 10-Q. The company now expects to release its financial results for the quarter ended March 31, 2026, before market open on Monday, May 18, 2026. A webcast and conference call to discuss these results will also be held on the same day at 8:00 a.m. Eastern Time.

Sachem Capital Corp. announced it will release its first quarter 2026 financial results before market opens on Friday, May 15, 2026. Following the release, the company will host a webcast and conference call to discuss the results on the same day at 8:00 a.m. Eastern Time. Investors can access the webcast via the company's website or participate in the conference call using provided dial-in numbers, with a playback option available until May 29, 2026.