Every 10-Q that Sachem Capital Corp. (SACH) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow SACH and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SACH filings page.
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. filed its Q3 2025 report, showing a return to profitability year‑to‑date and tighter credit costs. Q3 revenue was $12.0 million (vs. $14.8 million a year ago). Net income was $1.0 million, aided by a $1.4 million gain on equity securities and a sharply lower provision for credit losses ($0.8 million vs. $8.1 million). After $1.1 million in preferred dividends, common shareholders recorded a small loss for the quarter. For the nine months, revenue was $34.2 million and net income was $3.8 million, translating to $0.4 million attributable to common shareholders.
Loans held for investment, net, were $361.7 million, with non‑accruals at $104.1 million. The allowance for credit losses on loans fell to $11.1 million from $18.5 million at year‑end, reflecting lower charges and recoveries. Real estate owned was $18.9 million. Liquidity remained supported by cash of $11.2 million and credit capacity. The company drew $90.0 million on new Senior Secured Notes due 2030 (fixed 9.875%), ending with $86.4 million outstanding, and repaid the 7.75% notes due September 30, 2025 ($56.3 million). Unsecured notes payable, net, were $171.0 million. Lines of credit and repurchase agreements declined to $32.7 million and $7.8 million, respectively. As of November 4, 2025, 47,691,121 common shares were outstanding.