Sachem Capital Corp. - 8-K Filing
Sachem Capital Corp. reported a net loss attributable to common shareholders of $7.2 million ($0.15 per share) for the first quarter ended March 31, 2026, compared to a $0.2 million ($0.00 per share) loss in Q1 2025. The company recorded a non-cash credit loss of $3.9 million due to a loan restructuring and incurred higher operating expenses of $5.7 million driven by transaction costs related to its pending merger with Industrial Realty Group, which is expected to combine Sachem's mortgage portfolio ($470M) with 98 industrial assets valued at $2.9 billion. (Items: 2.02 Results of Operations and Financial Condition, 9.01 Financial Statements and Exhibits)
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