Sunrise Realty Trust Inc
NASDAQ:SUNS
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Sunrise Realty Trust Inc
NASDAQ:SUNS
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Sunrise Realty Trust Inc
Sunrise Realty Trust Inc is a US-based company operating in Mortgage Real Estate Investment Trusts (REITs) industry. The company is headquartered in West Palm Beach, Florida. The company went IPO on 2024-07-09. Sunrise Realty Trust, Inc. is an institutional commercial real estate lender providing flexible financing solutions for sponsors in the Southern United States. The firm focuses on transitional commercial real estate business plans with opportunities for near-term value creation, collateralized by top-tier assets in established Southern cities or ones presenting strong growth fundamentals. The company intends to create a diversified investment portfolio, targeting investments in senior mortgage loans, mezzanine loans, whole loans, B-notes, commercial mortgage-backed securities (CMBS) and debt-like preferred equity securities across commercial real estate (CRE) asset classes. The company seeks to invest in transitional CRE assets located in the Southern United States, including ground-up development and recapitalization transactions, with an emphasis on direct origination of loans with borrowers. The company intends for its investment mix to include multifamily, retail, specialty-use real estate, and others.
Sunrise Realty Trust Inc is a US-based company operating in Mortgage Real Estate Investment Trusts (REITs) industry. The company is headquartered in West Palm Beach, Florida. The company went IPO on 2024-07-09. Sunrise Realty Trust, Inc. is an institutional commercial real estate lender providing flexible financing solutions for sponsors in the Southern United States. The firm focuses on transitional commercial real estate business plans with opportunities for near-term value creation, collateralized by top-tier assets in established Southern cities or ones presenting strong growth fundamentals. The company intends to create a diversified investment portfolio, targeting investments in senior mortgage loans, mezzanine loans, whole loans, B-notes, commercial mortgage-backed securities (CMBS) and debt-like preferred equity securities across commercial real estate (CRE) asset classes. The company seeks to invest in transitional CRE assets located in the Southern United States, including ground-up development and recapitalization transactions, with an emphasis on direct origination of loans with borrowers. The company intends for its investment mix to include multifamily, retail, specialty-use real estate, and others.
Foreclosure: SUNS foreclosed on the Thompson Hotel in San Antonio in early March, placing the loan on nonaccrual in Q4 and reducing distributable earnings by approximately $0.03 per share.
Dividend: Board declared a $0.30 quarterly dividend payable April 15, 2026 (record date March 31, 2026).
Portfolio mix: Portfolio remains focused on senior-secured, floating-rate residential and transitional loans concentrated in the Southern U.S.; 97% of outstanding principal is floating-rate (weighted average floor 3.9%).
Originations & pipeline: SUNS committed $62 million year-to-date (through Feb) across two platform-originated loans and closed $56 million in Q4; the firm is being selective amid market volatility.
Liquidity: Revolving credit facility increased to $165 million with Customers Bank added ($25 million); facility expandable to $200 million and priced at $2.75 over SOFR with a 2.63% floor.
Earnings: Q4 GAAP net income was $1.6 million ($0.12 per share); fiscal 2025 GAAP net income was $12.1 million ($0.93 per share). Management also reported distributable earnings of $3.5 million ($0.27 per share) in Q4 and $15.2 million ($1.19 per share) for fiscal 2025.
