Welcome to our dedicated page for Sachem Capital SEC filings (Ticker: SACH), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Sachem Capital Corp. filings document the regulatory disclosures of a mortgage REIT that originates and manages first-mortgage loans secured by real property. Its 8-K filings cover operating results, Regulation FD materials, conference call transcripts, business updates, and dividend declarations for common stock and 7.75% Series A Cumulative Redeemable Preferred Stock.
The filing record also includes capital-structure disclosures involving preferred stock issuance arrangements, outstanding note securities, amendments to a revolving credit facility, and exchange notices affecting a listed debt security. These documents frame SACH’s public-company reporting around mortgage loan portfolio performance, REIT distributions, financing capacity, securities terms, and material corporate events.
Sachem Capital Corp. reported a weak first quarter of 2026 while outlining a transformative merger strategy. For the quarter ended March 31, 2026, the company posted a net loss attributable to common shareholders of $7.2 million, or $0.15 per share, versus a loss of $0.2 million, or $0.00 per share, a year earlier.
Net interest income was $3.6 million compared with $3.7 million in 2025, with an effective loan yield of 13.5% and net interest margin of 3.9%. Results were heavily affected by a $5.4 million provision for credit losses, including a non‑cash $3.9 million charge tied to a Naples, Florida loan restructuring, and $1.6 million of transaction expenses.
Total assets reached $473.3 million and shareholders’ equity was $165.6 million. Book value per common share declined to $2.25 from $2.46, driven by the loss and $3.5 million of dividends. The company also highlighted a definitive contribution agreement with Industrial Realty Group, under which 98 industrial properties with gross real estate asset value of $2.9 billion plus Sachem’s approximately $470 million of assets are expected to form IRG Realty Trust, Inc. with an implied enterprise value of about $3.4 billion as a large industrial REIT.
Sachem Capital reported a weak first quarter of 2026, swinging to a net loss attributable to common shareholders of $7.2 million, or $0.15 per share, compared with near break-even a year earlier. Net interest income slipped to $3.6 million as loan interest rose but income from LLC investments fell sharply. Credit costs were the main drag: the provision for credit losses on loans jumped to $5.4 million, and a restructuring of a legacy Naples, Florida loan into condominium developmental real estate generated a $3.9 million credit loss.
Total assets increased to $473.3 million, driven by investment in developmental real estate rising to $46.0 million, while loans held for investment declined to $355.8 million. Non-performing and foreclosure loans remain elevated, and the allowance for credit losses grew to $12.4 million. The balance sheet is heavily debt-funded, with $171.7 million of unsecured notes, $96.7 million of senior secured notes and $29.0 million drawn on the Needham credit facility.
After quarter-end, Sachem announced a Contribution Agreement with Industrial Realty Group Global under which IRG will contribute an industrial real estate portfolio with an assumed $2.9 billion gross asset value into a new operating partnership. Sachem will undertake a 20‑to‑1 reverse stock split, redomesticate to Delaware and be renamed IRG Realty Trust, Inc., with IRG Global expected to hold about 94.1% of operating partnership units after closing, subject to shareholder approval and other conditions.
Sachem Capital Corp. notified the SEC it cannot file its Quarterly Report on Form 10-Q for the period ended March 31, 2026 within the prescribed time and is using Rule 12b-25 to extend the filing deadline. The company cites additional time needed to complete financial statement preparation and review of recent transactions. Management currently expects to file within the Rule 12b-25 extension period and discloses anticipated results: net loss of $6.1 million for Q1 2026 and a material weakness in internal control over financial reporting upon filing.
Sachem Capital Corp. agreed to a transformative contribution transaction with Industrial Realty Group Global that will reposition it as IRG Realty Trust, Inc., a large industrial REIT. IRG will contribute 98 industrial properties valued at about $2.9 billion of gross assets and $1.5 billion of net assets after $1.4 billion of debt, giving the combined company an implied enterprise value of approximately $3.4 billion.
IRG will receive operating partnership units representing about 94.1% of equity and non‑economic Class B shares that will control 51% of voting power, while existing Sachem shareholders retain roughly 5.9%. The deal values Sachem’s stock at $2.00 per share, a 90% premium to its 30‑day VWAP, and is paired with a 20‑to‑1 reverse split and a shift from a mortgage REIT toward a scaled, industrial-focused platform with an articulated plan to reduce leverage from the mid‑8x debt‑to‑EBITDA range to below 6.0x over time.
The Vanguard Group filed an amendment on behalf of certain Vanguard entities reporting zero beneficial ownership of Sachem Capital Corp common stock. The filing states an internal realignment on January 12, 2026 caused subsidiaries/divisions to report separately under SEC Release No. 34-39538; the statement is signed 03/27/2026.
Sachem Capital Corp. reported a return to profitability for 2025 after heavy losses in 2024. GAAP net income was $6.3 million, with $1.8 million, or $0.04 per common share, attributable to common shareholders versus a $43.9 million loss, or $(0.93) per share, a year earlier.
Results improved mainly because credit-related charges and loan sale losses dropped sharply, and the company realized $4.1 million of gains on real estate and developmental asset sales, including a $4.0 million gain on a Westport, Connecticut office property. However, core lending profitability weakened: net interest income fell to $11.7 million from $20.5 million and net interest margin compressed to 3.1% from 4.4% as average earning assets declined and nonaccrual loans increased.
At December 31, 2025, total assets were $460.0 million, total liabilities $285.1 million and shareholders’ equity $174.9 million. Book value per common share slipped to $2.46 from $2.64, as $14.0 million of cash dividends exceeded annual net income. The company issued $100 million of 9.875% senior secured notes due 2030 and reduced short-term borrowings. Nonperforming loans rose to $117.6 million of unpaid principal, though management noted that a post‑year‑end Naples, Florida transaction shifted about $40 million into development real estate and returned a $12 million loan to performing status, which they expect to support future resolutions and capital recycling.
Sachem Capital Corp. is a Connecticut-based real estate finance company and REIT that makes short-term, high-yield “hard money” loans secured by first mortgages on investment residential and commercial properties. The company focuses on one- to three-year loans with typical interest rates between 10% and 13%, strict loan-to-value limits, and extensive collateral and guarantees.
At December 31, 2025, Sachem’s loan portfolio totaled $377.4 million across 115 loans, with a weighted average contractual interest rate of 13.10% and average remaining term of eight months. Non-performing loans reached $117.6 million, and total allowance for credit losses was $11.5 million, or 3.0% of principal. The loan book is concentrated in Connecticut, Florida and New York, and 53.6% of exposure is to residential properties.
After a large net loss in 2024, Sachem reported $1.8 million in net income attributable to common shareholders for 2025, helped by lower credit-loss provisions and improved funding. Management highlights significant debt obligations, including $173.3 million of unsecured notes maturing between December 2026 and September 2027, and relies on facilities such as a $50 million Needham Bank revolver while targeting continued REIT qualification and dividend payments.
Sachem Capital Corp. announced that its board declared quarterly cash dividends on both its common and preferred shares. Common shareholders will receive $0.05 per share, while holders of the 7.75% Series A Cumulative Redeemable Preferred Stock will receive $0.484375 per share.
Both dividends are scheduled to be paid on March 30, 2026, to shareholders of record as of the close of trading on March 15, 2026. Sachem, a mortgage REIT, focuses on short-term loans secured by first mortgages on real property for real estate investors.
Sachem Capital Corp. released a business update with preliminary 2025 results and several balance sheet actions. Net income attributable to common shareholders for 2025 is expected between $0.01 and $0.04 per share, compared with a net loss of $0.93 per share in 2024.
The company sold its Westport, Connecticut office property for net cash proceeds of about $19.9 million, realizing a book gain of about $4.0 million. It also executed a noncash transaction to acquire condominium assets tied to a legacy $39.9 million Naples, Florida loan, while retaining a separate approximately $12.3 million first mortgage on a waterfront parcel. In addition, Sachem extended the maturity of its $50.0 million Needham Bank revolving credit facility to March 2, 2028, with an option to extend to March 2, 2029, and expects 2025 book value per share between $2.43 and $2.46 versus $2.64 a year earlier.
The Vanguard Group reports beneficial ownership of 2,398,255 shares of Sachem Capital Corp common stock, representing 5.02% of the class. Vanguard has shared voting power over 302,073 shares and shared dispositive power over 2,398,255 shares, with no sole voting or dispositive power.
Vanguard states that the securities are held in the ordinary course of business and not to change or influence control of Sachem Capital. The firm notes an internal realignment effective January 12, 2026, after which certain subsidiaries are expected to report beneficial ownership separately, while continuing the same investment strategies as before.