Sachem Capital Q1 net loss $7.2M ($0.15/sh); IRG deal to form $3.4B industrial REIT

Sachem Capital Corp.

2026-Q1 EPS reported -$0.15

Net loss attributable to common shareholders was $7.2M, or $0.15 per share, vs. net loss of $0.2M in Q1 2025.
Provision for credit losses surged to $5.4M from $1.1M YoY, including a $3.9M non-cash fair value adjustment on loan restructuring.
Net interest income was $3.6M, down marginally from $3.7M; net interest margin was 3.9% vs. 4.0% in prior year.
Book value per common share fell to $2.25 from $2.46 at year-end, impacted by the credit loss charge and $1.6M in transaction expenses.
On May 18, announced contribution agreement with IRG to contribute 98 industrial properties with $2.9B gross value; combined company IRG Realty Trust targeted enterprise value ~$3.4B.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Sachem Capital Corp. reported financial results for the quarter ended March 31, 2026.

Period: the quarter ended March 31, 2026
Result: reported results

Exact text from the filing

On May 20, 2026, Sachem Capital Corp. (the “Company”) issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference, announcing its financial results for the three month period ended March 31, 2026.

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Source: SEC EDGAR

accession 0001682220-26-000041

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