Sunrise Realty Trust Inc - SUNS STOCK NEWS

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.

Sunrise Realty Trust (SUNS) has appointed Alfred Trivilino as Managing Director on the Tannenbaum Capital Group | Real Estate platform. In his new role, Trivilino will focus on sourcing, underwriting, and structuring deals to generate attractive risk-adjusted returns for the SUNS portfolio.

Trivilino brings over 30 years of experience in real estate credit and private equity. He previously served as Managing Director and Head of U.S. Real Estate Finance at CDPQ, where he led the U.S. commercial real estate financing strategy. His past experience includes senior positions at Related Fund Management, Gramercy Capital, BayNorth Capital, and Apollo Real Estate Advisors.

SUNS CEO Brian Sedrish expressed confidence that Trivilino's industry knowledge and experience will support the company's platform expansion and investment objectives.

Sunrise Realty Trust (SUNS) has committed $30.8 million to a $41.0 million note-on-note bridge loan for a mixed-use asset in Miami's suburbs. The remaining $10.3 million is held by a TCG Real Estate platform affiliate. The loan supports a property comprising a 4-story medical office building and a 10-story senior living tower.

The medical office building includes 6,411 sq ft of retail space and 25,244 sq ft of medical office condos, with 37 of 39 units pre-sold. The senior living tower features 22,097 sq ft of retail space, parking, and 163 senior housing units across 108,188 sq ft, with 36 units (~22%) pre-leased. The property includes amenities such as a 166-space garage, fitness center, pool, and various recreational facilities.

The sponsor, Dornin Investment Group, has a track record of seven successful non-performing loan deals with over $725 million in total investments. Resident move-ins are scheduled to begin in early spring 2025.

Sunrise Realty Trust (SUNS) has announced the pricing of its upsized public offering of 5,750,000 shares of common stock at $12.00 per share, expecting to raise approximately $69 million in gross proceeds. The offering includes a 30-day option for underwriters to purchase up to 862,500 additional shares.

Of the total shares, 1,000,000 will be sold to an affiliated investor at the public offering price. The company plans to use the proceeds to fund existing borrower commitments, originate new commercial real estate loans in the Southern U.S., and for working capital and debt repayment. The offering is expected to close around January 29, 2025.

Raymond James, Keefe, Bruyette & Woods, and Oppenheimer are serving as joint book-running managers, with B. Riley Securities and A.G.P./Alliance Global Partners as co-lead managers.

Sunrise Realty Trust (NASDAQ: SUNS) has announced the launch of an underwritten public offering of 5,500,000 shares of common stock, with an additional 30-day option for underwriters to purchase up to 825,000 shares. The company plans to use the proceeds to fund existing borrower commitments, originate new commercial real estate loans in the Southern United States, and for general corporate purposes including debt repayment.

The offering will be managed by multiple firms, with Raymond James, Keefe, Bruyette & Woods, BTIG, and Oppenheimer serving as joint book-running managers. B. Riley Securities and A.G.P./Alliance Global Partners are acting as co-lead managers, while Seaport Global Securities is the co-manager. A registration statement has been filed with the SEC but is not yet effective.