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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 transformational combination with Industrial Realty Group, adding 98 industrial assets and creating IRG Realty Trust, Inc., with an expected enterprise value of $3.4 billion upon closing.
The combined entity will be a top-10 publicly listed industrial REIT, focusing on mission-critical industrial infrastructure and diversified income streams.
Net loss attributable to common shareholders for Q1 2026 was $7.2 million, or $0.15 per share, compared to a $0.2 million loss in Q1 2025.
Total assets at quarter end were $473.3 million, with total liabilities of $307.7 million and shareholders' equity of $165.6 million.
Book value per common share decreased to $2.25, primarily due to dividends and net loss for the quarter.
Voting matters and shareholder proposals
Shareholders will be asked to vote on the proposed transaction with Industrial Realty Group 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 be deemed participants in the proxy solicitation for the transaction.
- Q1 2026 net loss of $7.2M, with IRG deal to form a $3.4B industrial REIT by year-end.SACH
Q1 202623 May 2026 - Sachem and IRG to merge, forming a $3.4B industrial REIT with a focus on scale and recurring cash flows.SACH
Proxy filing18 May 2026 - Merger creates a $3.4B industrial REIT with 98 IRG assets and a 90% equity premium.SACH
M&A announcement18 May 2026 - IRG will contribute 98 industrial assets to form a $3.4B public REIT, with IRG holding 94.1% equity.SACH
Proxy filing18 May 2026 - Q3 2024 saw a net loss, lower revenue, major loan sale, and Shem Creek investment.SACH
Q3 202416 Apr 2026 - Profitability returned in 2025 with $1.8M net income and improved credit quality.SACH
Q4 202513 Mar 2026 - Net loss of $4.1M on $15.1M revenue as credit loss reserves rise and market headwinds persist.SACH
Q2 20241 Feb 2026 - Revenue fell 31.9% to $11.4M as NPLs rose, but liquidity and stability were maintained.SACH
Q1 202524 Dec 2025 - Net loss of $43.9M in 2024, with focus on capital protection and portfolio stabilization.SACH
Q4 202424 Dec 2025
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