secwatch.observer — SEC 8-K summary
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Issuer:     Sachem Capital Corp. (SACH)
CIK:        0001682220
Form:       8-K
Filed at:   2026-05-20T11:06:17+00:00
Accession:  0001682220-26-000041
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1682220/000168222026000041/0001682220-26-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1682220/000168222026000041/sach-20260520.htm
  HTML page:      https://secwatch.observer/filing/0001682220-26-000041

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