• Sachem Capital posted a net loss attributable to common shareholders of USD 7.2 million, swinging from a loss of USD 830,400 a year earlier; basic and diluted loss per share was USD 0.15.
• Net interest income slipped 4.9% to USD 3.55 million, as interest income from loans rose 11% to USD 8.75 million while interest income from limited liability company investments fell 55.8% to USD 858,000.
• Provision for credit losses tied to loans held for investment widened to USD 5.37 million from USD 1.05 million, including a USD 3.9 million non-cash charge tied to a Naples, Florida loan restructuring.
• Total operating expenses climbed 73.1% to USD 5.66 million, driven by USD 1.61 million of transaction expenses related to a contribution transaction.
• In a key business update, it signed a Contribution Agreement with Industrial Realty Group Global on May 17, 2026, targeting a closing by end-2026 that includes a planned 20-to-1 reverse stock split, a redomestication to Delaware, and a name change to IRG Realty Trust.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sachem Capital Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001682220-26-000038), on May 20, 2026, and is solely responsible for the information contained therein.