Sachem Capital Corp. (SACH)

Sachem Capital Corp. announced that its board declared quarterly dividends for both common and preferred shareholders. The company will pay $0.01 per common share and $0.484375 per share of its 7.75% Series A Cumulative Redeemable Preferred Stock. Both payments are scheduled for September 30, 2026, to shareholders of record as of the close of trading on September 15, 2026. The preferred dividend represents the full accrued amount from June 30, 2026, through September 29, 2026. Sachem Capital Corp. is a real estate lender specializing in originating, underwriting, funding, servicing, and managing a portfolio of loans secured by first mortgages on real property.

Sachem Capital Corp. reported a net loss attributable to common shareholders of $6.5 million, or $0.14 per share, for the second quarter ended June 30, 2026, compared to a net income of $0.8 million in the prior year period. The results were impacted by a $2.6 million provision for credit losses and $2.6 million in transaction expenses related to its pending contribution agreement with Industrial Realty Group (IRG). Under this strategic combination, IRG will contribute 98 industrial assets valued at approximately $2.9 billion to Sachem, creating a combined entity with an implied enterprise value of roughly $3.4 billion. The company also provided updates on portfolio management, including the full repayment of a loan following the sale of a Florida residence for $7.5 million and significant lease signings totaling 9.3 million square feet by IRG. Sachem Capital Corp. is a real estate lender specializing in originating, underwriting, funding, servicing, and managing a portfolio of loans secured by first mortgages on real property.