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Dec 31, 2024
Sunrise Realty Trust Inc Q4 2024 Earnings Report
Sunrise Realty Trust reported increased revenue and stable earnings in Q4 2024.
Key Takeaways
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.
Net income reached $1.85 million, with EPS of $0.27.
Distributable earnings came in at $2.05 million or $0.30 per share.
The company committed $75 million in new deals in Q4.
Declared a $0.30 per share dividend for Q1 2025.
Sunrise Realty Trust Inc
Sunrise Realty Trust Inc
Forward Guidance
Sunrise Realty Trust expects continued expansion with increased deal activity and stable earnings in 2025.
Positive Outlook
- Strong deal pipeline with $74.8 million in new commitments post-Q4.
- Continued expansion in key Southern U.S. markets.
- Stable dividend policy with a declared Q1 2025 dividend.
- Growing investor interest in real estate-backed financing.
- Efficient cost management driving earnings stability.
Challenges Ahead
- Interest rate volatility could impact financing costs.
- Competition in real estate lending remains high.
- Potential macroeconomic uncertainty affecting commercial real estate.
- Limited liquidity reported in Q4.
- Higher stock-based compensation expenses expected.