Sunrise Realty Trust Inc Earnings Reports

Sunrise Realty Trust Inc experienced substantial growth in the first quarter of 2025, with net income more than doubling compared to the same period last year. This was primarily due to a significant increase in interest income resulting from the expansion of its loan portfolio. The company also incurred higher general and administrative expenses and stock-based compensation due to the Spin-Off and new awards.

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.