Recent Updates — SCCC

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.