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. 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.
Sachem Capital Corp. entered into Amendment No. 2 to its Credit, Security and Guaranty Agreement with Needham Bank relating to its $50 million revolving credit facility. The amendment extends the facility’s maturity date from March 2, 2026 to March 2, 2028 and adds an additional conditional one-year extension option to March 2, 2029. All other terms of the credit agreement remain unchanged, so the main effect is to preserve this borrowing capacity for a longer period under the existing structure.
Sachem Capital Corp. announced that its board of directors has declared regular quarterly cash dividends on both its common and preferred shares. Common shareholders will receive a dividend of $0.05 per common share, payable on December 30, 2025 to shareholders of record as of December 15, 2025. The company also declared a dividend of $0.484375 per share on its 7.75% Series A Cumulative Redeemable Preferred Stock, also payable on December 30, 2025 to holders of record on December 15, 2025. The preferred dividend covers the full accrued amount from September 30, 2025 through and including December 29, 2025, underscoring that the company is current on its scheduled distributions.
Sachem Capital Corp. established an at-the-market program to sell up to $18,450,000 of its 7.75% Series A Cumulative Redeemable Preferred Stock through Ladenburg Thalmann & Co. Inc. and Lucid Capital Markets, LLC as sales agents. The preferred shares will be issued under an effective shelf registration statement and a new prospectus supplement, with the company paying sales agents up to 2.5% in compensation on each sale and having no obligation to sell any specific amount.
To support potential future issuances and conversions, Sachem amended its certificate of incorporation to increase authorized preferred shares from 2,903,000 to 3,332,000 and fixed the number of common shares reserved for conversion of the preferred shares at 83,300,000, while leaving all other preferred terms unchanged.