---
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"
generated_at: "2026-05-20T11:10:17.788686+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001682220-26-000041
- JSON: https://secwatch.observer/filing/0001682220-26-000041.json
- Plain text: https://secwatch.observer/filing/0001682220-26-000041.txt

## Key facts
- Earnings Releases
  Sachem Capital Corp. reported financial results for the quarter ended March 31, 2026.
  - Period: the quarter ended March 31, 2026
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1682220/000168222026000041/0001682220-26-000041-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.