Sunrise Realty Trust Inc Earnings Reports

Sunrise Realty Trust reported Q4 2024 revenue of $3.62 million and net income of $1.85 million. Earnings per share stood at $0.27, while Distributable Earnings reached $2.05 million or $0.30 per share. The company committed $75 million in new deals during the quarter and declared a $0.30 per share dividend for Q1 2025.

Sunrise Realty Trust, Inc. reported a GAAP net income of $1.7 million, or $0.26 per basic weighted average common share, and Distributable Earnings of $1.9 million, or $0.27 per basic weighted average common share, for the third quarter of 2024. The company closed $87.4 million in deals during the quarter and strengthened its capital structure with a new $50 million revolving credit facility that can be expanded to $200 million.

Sunrise Realty Trust, Inc. announced its dividends for the third and fourth quarters of 2024 and provided a business update. The company's portfolio is composed of new vintage assets, with the first loan closed in 2024, totaling $119.6 million of commitments, of which $96.2 million has been funded as of August 5, 2024.