{"schema_version":"secwatch.filing_event.v1","accession":"0001682220-26-000041","form_type":"8-K","ticker":"SACH","cik":"0001682220","company_name":"Sachem Capital Corp.","filed_at":"2026-05-20T11:06:17+00:00","discovered_at":"2026-05-20T11:10:00.272140+00:00","generated_at":"2026-05-20T11:10:17.788686+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Sachem Capital Q1 net loss $7.2M ($0.15/sh); IRG deal to form $3.4B industrial REIT","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001682220-26-000041","json":"https://secwatch.observer/filing/0001682220-26-000041.json","markdown":"https://secwatch.observer/filing/0001682220-26-000041.md","text":"https://secwatch.observer/filing/0001682220-26-000041.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1682220/000168222026000041/0001682220-26-000041-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1682220/000168222026000041/sach-20260520.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-20T11:10:17.788686+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1697a2679289445fee21ad5358822a90f5584f2c","claim":"Sachem Capital Corp. reported financial results for the quarter ended March 31, 2026.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1682220/000168222026000041/0001682220-26-000041-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2026"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}