Sachem Capital posts Q2 net loss of $6.5 million as IRG deal costs and loan provisions rise
Sachem Capital reported a second-quarter 2026 net loss attributable to common shareholders of $6.5 million, or $0.14 per share, compared with net income of $0.8 million, or $0.02 per share, a year earlier. Net interest income fell to $1.7 million from $2.2 million, and the company recorded $2.6 million of transaction expenses tied to its pending contribution transaction with Industrial Realty Group, which would form IRG Realty Trust, Inc.
Key points
- Q2 2026 net loss attributable to common shareholders was $6.5 million, or $0.14 per share, versus net income of $0.8 million, or $0.02 per share, in Q2 2025.
- Net interest income was $1.7 million versus $2.2 million a year earlier; total other income fell to $1.4 million from $3.3 million.
- Provision for credit losses rose to $2.6 million from $0.9 million, concentrated in three specific loans.
- Book value per common share was $2.11 at June 30, 2026, down from $2.46 at December 31, 2025.
The filing
Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 06, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.