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Sachem Capital (SACH) investor relations material
Sachem Capital Proxy filing summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Announced a pending asset contribution transaction with Industrial Realty Group (IRG), expected to create a top-10 publicly listed industrial REIT with a $3.4 billion enterprise value upon closing.
Signed 9.3 million square feet of new and renewal leases in Q2 2026, generating $44.9 million in annual base rent.
Net loss attributable to common shareholders was $6.5 million for Q2 2026, compared to net income of $0.8 million in Q2 2025, driven by higher credit loss provisions and transaction expenses.
Book value per common share declined to $2.11 as of June 30, 2026, from $2.46 at year-end 2025, impacted by net losses and dividends.
Total assets increased to $472.9 million, while total liabilities rose to $314.1 million as of June 30, 2026.
Voting matters and shareholder proposals
Shareholders will be asked to vote on the proposed transaction with IRG at a special meeting, with details to be provided in a forthcoming proxy statement.
Board of directors and corporate governance
Directors and executive officers, as well as certain IRG managers, may participate in the proxy solicitation for the transaction.
- Q2 2026 net loss of $6.5M, higher credit losses, IRG deal advances, and book value per share drops.SACH
Q2 2026 - Transformational merger with IRG to form a leading industrial REIT, despite Q1 net loss.SACH
Proxy filing - Q1 2026 net loss of $7.2M, with IRG deal to form a $3.4B industrial REIT by year-end.SACH
Q1 2026 - Sachem and IRG to merge, forming a $3.4B industrial REIT with a focus on scale and recurring cash flows.SACH
Proxy filing - IRG will contribute 98 industrial assets to form a $3.4B public REIT, with IRG holding 94.1% equity.SACH
Proxy filing - Merger creates a $3.4B industrial REIT with 98 IRG assets and a 90% equity premium.SACH
M&A announcement - Profitability returned in 2025 with $1.8M net income and improved credit quality.SACH
Q4 2025 - Q3 2024 saw a net loss, lower revenue, major loan sale, and Shem Creek investment.SACH
Q3 2024 - Net loss of $4.1M on $15.1M revenue as credit loss reserves rise and market headwinds persist.SACH
Q2 2024
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