Sachem Capital (SACH) Proxy filing summary

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.