Sachem Capital Corp. (SACH) Form 8-K — May 20, 2026
Sachem Capital Corp. reported a first-quarter 2026 net loss attributable to common shareholders of $7.2 million, or $0.15 per share, compared to a $0.2 million loss in the prior year period. The deterioration was primarily driven by a $3.9 million non-cash provision for credit losses related to a loan restructuring in Naples, Florida, and $1.6 million in transaction expenses associated with a pending strategic combination. Simultaneously, the company highlighted a definitive contribution agreement with Industrial Realty Group (IRG) under which IRG will contribute 98 industrial assets with a gross real estate asset value of $2.9 billion.
Key figures
- Revenue
- 3553000
- Total Debt
- 298300000
- Total Assets
- 473269000
- Cash Position
- 11565000
- Deal Value Usd
- 3400000000
- Sachem Assets
- 470000000
- Book Value Per Share
- 2.25
- Net Interest Income
- 3553000
- Irg Gross Asset Value
- 2900000000
- Non Cash Charge Naples
- 3900000
- Transaction Expenses
- 1608000
- Provision For Credit Losses
- 5372000
- Effective Interest Rate Loans
- 13.5
- Industrial Assets Contributed
- 98
Price after filing
Close on the filing date to close N calendar days later (from $1.21). Historical, not a forecast.
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.