Sachem Capital Stock Earnings Reports

Sachem Capital Corp. announced a definitive contribution agreement with Industrial Realty Group (IRG) to form IRG Realty Trust, Inc. (IRGT), a publicly listed industrial REIT with an implied enterprise value of $3.4 billion based on March 31, 2026 values. IRG will contribute 98 industrial properties in an UPREIT structure and is expected to own ~94.1% of IRGT via OP units; existing Sachem shareholders would own ~5.9%. Sachem's standalone common equity is being valued at $2 per share in the transaction, and a 20:1 reverse split is expected at closing (implying a post-split reference price of about $40). IRGT will be lease-driven with diversified tenants (top 10 ≈ 30% of ABR), managed by IRG Realty Advisors (IRGRA), and will pursue growth through lease-up, mark-to-market rent growth, acquisitions, and Sachem’s real estate capital solutions business. Management and governance arrangements will include a majority independent board and Stuart Lichter as expected Chairman; Sachem’s team will remain involved. The transaction targets closing by year-end 2026, is subject to customary conditions and shareholder approval, and aims to improve the company’s cost of capital and reduce leverage over time (initially targeting ~8x with a path to sub-6x). Investors should watch upcoming SEC filings (proxy) for detailed schedules, financing plans (Scotiabank expected to arrange new credit), governance specifics, and the shareholder vote timeline.