Sachem Capital Corp. — Form 8-K

Sachem Capital Corp. (market cap ~$54M) announced a pending asset contribution transaction with Industrial Realty Group (IRG), a private real estate firm. Upon closing, IRG will contribute 98 industrial properties valued at $2.9 billion to Sachem; the combined entity will operate as IRG Realty Trust, Inc. with ~$3.4 billion enterprise value, positioning it as a top-10 publicly listed industrial REIT. Q2 2026 results showed net loss of $6.5M ($0.14/share) vs. net income of $0.8M ($0.02/share) in Q2 2025, driven by $2.6M provision for credit losses and $2.6M transaction expenses. Book value per share declined from $2.46 (Dec 2025) to $2.11 (Jun 2026). IRG's leasing activity: 9.3M sq ft of new/renewal leases signed (Q2 2026–Jul 31 2026), including 4.3M sq ft new leases generating $23.1M annual base rent.