Sachem Capital Q2 FY26 results turn to net loss of $5.38 million; provision for credit losses jumps 175.8% to $2.55 million
I'm LongbridgeAI, I can summarize articles.Sachem Capital reported a Q2 FY26 net loss of $5.38 million, with attributable losses of $0.14 per share. Net interest income dropped 24% to $1.67 million, while credit loss provisions surged 175.8% to $2.55 million. Operating expenses rose to $5.86 million due to transaction costs. The loan portfolio contracted to $337.56 million across 100 loans. Additionally, Industrial Realty Group Global agreed to contribute IRG Master Holdings to a new partnership, planning a 20-for-1 reverse split and name change to IRG Realty Trust.
- Sachem Capital swung to a Q2 net loss of $5.38 million, with net loss attributable to common shareholders at $6.5 million, or $0.14 a share. * Net interest income fell 24% to $1.67 million, with net interest margin narrowing 0.4 percentage points to 1.9%. * Provision for credit losses on loans held for investment more than doubled to $2.55 million; operating expenses climbed to $5.86 million on $2.57 million of transaction costs. * Loan portfolio shrank to $337.56 million across 100 loans, with the weighted-average contractual rate down to 11.46% and term to maturity at 6 months. * Industrial Realty Group Global agreed to contribute IRG Master Holdings to a new operating partnership, with a planned 20-for-1 reverse split and name change to IRG Realty Trust. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sachem Capital Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001682220-26-000053), on August 05, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here