Sunrise Realty Trust Inc Stock Price, News & Analysis

Sunrise Realty Trust (NASDAQ: SUNS) has expanded its senior secured revolving credit facility with the addition of EverBank, which committed $50 million to the facility. This expansion brings the total committed capital to $140 million, up from the original facility established with East West Bank in November 2024. The Credit Facility remains expandable to $200 million, subject to conditions and additional lender participation.

The facility will support unfunded commitments under existing loans, fund SUNS' commercial real estate loan pipeline, and provide general working capital. This marks EverBank as the third institutional bank to join the credit facility, demonstrating confidence in SUNS' lending platform.

Sunrise Realty Trust (NASDAQ: SUNS) has expanded its senior secured revolving credit facility to $90 million in total commitments. The expansion comes from a new $40 million commitment from City National Bank of Florida (CNB), which joins as Joint Lead Arranger alongside East West Bank, which provided the initial $50 million commitment in November 2024.

The Credit Facility can be further expanded to $200 million, subject to conditions and additional lender participation. The funds will be used to support SUNS' commercial real estate loan pipeline, existing commitments, and general working capital needs. The expansion demonstrates confidence in SUNS' lending approach and market opportunity.

Sunrise Realty Trust (NASDAQ:SUNS) reported its Q1 2025 financial results, achieving GAAP net income of $3.1 million ($0.27 per share) and Distributable Earnings of $3.5 million ($0.31 per share). The company paid a cash dividend of $0.30 per share for Q1 2025, distributing $4.0 million total. SUNS maintains its guidance for Q2 2025, expecting Distributable Earnings at or near $0.30 per share.

The company operates as a commercial real estate lender focusing on transitional CRE projects in the Southern United States, particularly residential and mixed-use assets. CEO Brian Sedrish highlighted SUNS's strong balance sheet and favorable market conditions, with many transitional lenders preoccupied with legacy loans and conventional lenders remaining conservative.

Sunrise Realty Trust (NASDAQ: SUNS), a commercial real estate lender, has released preliminary financial estimates for Q1 2025. The company projects distributable earnings of $0.30-$0.32 per basic weighted average common share, compared to $0.30 in Q4 2024. Expected book value per share is estimated at $13.60-$13.90.

During Q1 2025, SUNS committed $147.5 million and funded $109.8 million of new and existing loans through the TCG Real Estate platform, which originated total loans of $212.5 million. As of March 31, 2025, the SUNS portfolio had $352.1 million in commitments with $233.4 million funded. Additionally, TCG Real Estate Platform has $100 million in non-binding term sheets under documentation, with SUNS expected to receive a portion.

Sunrise Realty Trust (NASDAQ: SUNS), a lender on the Tannenbaum Capital Group Real Estate platform, has scheduled its first quarter 2025 financial results release for May 7th, 2025 before market open.

The company will host a conference call at 10:00 am ET to discuss the results. Investors can join via webcast through the company's IR website or by dialing 888-672-2415 (646-307-1952 for international) with Conference ID 6235201. A replay will be available after the event.

Sunrise Realty Trust (SUNS) has announced a significant real estate financing deal, committing $46.5 million as part of a $62.0 million senior loan for The Bohéme, a Class-A multifamily property in Dallas, Texas. The transaction closed with $44.3 million funded initially, while the remaining $15.5 million is held by a Tannenbaum Capital Group (TCG) Real Estate platform affiliate.

The Bohéme, completed in 2023, is an eight-story luxury apartment complex featuring 352 modern units. Located in the Bishop Arts District, the property offers premium amenities including a rooftop pool with skyline views, WFH lounge, game lounge, and expansive courtyards. The borrower, Kairoi Residential, is an established real estate firm that has handled $9.8 billion in transactions across 20 metro areas, developing over 69,000 multifamily units since 2003.

Sunrise Realty Trust (NASDAQ:SUNS) has reported its financial results for Q4 and full-year 2024. The company achieved Q4 GAAP net income of $1.9 million ($0.27 per share) and Distributable Earnings of $2.0 million ($0.30 per share). For the full year 2024, SUNS recorded GAAP net income of $6.9 million ($1.01 per share) and Distributable Earnings of $7.2 million ($1.07 per share).

The company has demonstrated strong deal momentum, successfully committing to $75.0 million in deals during Q4, followed by an additional $74.8 million in commitments through March 1. SUNS has declared a regular cash dividend of $0.30 per common share for Q1 2025, payable on April 15, 2025, to shareholders of record as of March 31, 2025.

Sunrise Realty Trust (SUNS), a lender on the Tannenbaum Capital Group Real Estate platform, has announced it will release its Q4 and full-year 2024 financial results on Thursday, March 6, 2025, before market open. The company will host a conference call and webcast at 10:00 am ET to discuss the results.

Investors can access the webcast through the company's Investor Relations website at ir.sunriserealtytrust.com. Conference call participation requires advance registration through a provided link. A replay will be available one hour after the event. The company distributes earnings releases through its website and email lists, with interested parties able to sign up for email updates.

Sunrise Realty Trust (SUNS) has announced a $44.0 million commitment to a $74.5 million senior loan for the construction of Shell Plaza in New Orleans. The project will serve as regional headquarters for Shell USA Inc. The remaining $30.5 million is syndicated to TCG Real Estate platform affiliates ($20.5M) and another lending partner ($10.0M).

The build-to-suit property, developed by Lauricella Land Company and Cypress Equities, will be an 8-story building featuring 117,941 square feet of Class-A office space and 6,407 square feet of retail space. Located on a 1.6-acre parcel on Convention Center Boulevard, the LEED-certified building will include amenities such as a 3,101 SF fitness center and in-building parking. The project is expected to reach substantial completion in September 2026.