Sachem Capital (SACH) Proxy filing summary

Executive summary

• Announced a transformational combination with Industrial Realty Group, adding 98 industrial assets and creating IRG Realty Trust, Inc., with an expected enterprise value of $3.4 billion upon closing.

• The combined entity will be a top-10 publicly listed industrial REIT, focusing on mission-critical industrial infrastructure and diversified income streams.

• Net loss attributable to common shareholders for Q1 2026 was $7.2 million, or $0.15 per share, compared to a $0.2 million loss in Q1 2025.

• Total assets at quarter end were $473.3 million, with total liabilities of $307.7 million and shareholders' equity of $165.6 million.

• Book value per common share decreased to $2.25, primarily due to dividends and net loss for the quarter.

Voting matters and shareholder proposals

• Shareholders will be asked to vote on the proposed transaction with Industrial Realty Group at a special meeting, with details to be provided in a forthcoming proxy statement.

Board of directors and corporate governance

• Directors and executive officers, as well as certain IRG managers, may be deemed participants in the proxy solicitation for the transaction.