Sunrise Realty Trust, Inc. reports news as a Nasdaq-listed commercial real estate lender focused on flexible financing for sponsors of transitional CRE projects, primarily in the Southern United States. Updates commonly cover senior bridge loans, senior whole loans, B-notes and other CRE debt investments tied to properties with near-term value-creation plans.
Recurring SUNS developments include quarterly financial results, GAAP net income, Distributable Earnings, dividends, loan originations, portfolio activity, credit-facility capacity and financing relationships on the Tannenbaum Capital Group Real Estate platform.
Sunrise Realty Trust (Nasdaq: SUNS) completed its merger with Southern Realty Trust, combining their commercial real estate lending portfolios. Each SRT share converted into 1.45 SUNS shares plus $0.05 in cash from SUNS’ external manager. SUNS issued 8,464,975 shares, bringing outstanding shares to 21,980,826; former SRT holders own approximately 38.5% and pre-merger SUNS holders approximately 61.5%.
Pro forma as of June 30, 2026, the combined company had approximately $285 million in book value after transaction-cost adjustments, $534 million in assets and $604 million in loan commitments across 14 loans. SUNS expects lower combined operating costs and broader access to capital. The amended management agreement cuts the incentive fee from 20% to 17.5%, lowers its annual hurdle from 8.0% to 7.0%, and reduces base fees by $1.0 million across the first four full fiscal quarters after closing, starting in 2027.
Sunrise Realty Trust (Nasdaq: SUNS) will release its third-quarter financial results after market close on November 10, 2026. The results cover the quarter ended September 30, 2026. Management will review the results via webcast on November 11, 2026, at 10:00 am ET. A replay will be available one hour after the event.
Sunrise Realty Trust (Nasdaq: SUNS) stockholders approved issuing approximately 8,464,955 common shares, subject to certain adjustments, for its merger with Southern Realty Trust. Approximately 91.6% of votes cast supported the proposal, with approximately 59.5% of outstanding shares represented virtually or by proxy. Southern Realty Trust stockholders also approved the merger.
SUNS expects the merger to close on November 5, 2026, subject to remaining customary closing conditions, and anticipates greater scale, improved efficiency and better access to capital. Its board declared a prorated $0.09-per-share cash dividend covering the fourth quarter through the day before closing. The dividend is payable November 5, 2026, to holders of record November 2, 2026. SUNS common stock will continue trading on Nasdaq under its existing ticker after closing.
Sunrise Realty Trust (SUNS) authorized a common stock repurchase program of up to $20.0 million, running through December 31, 2027.
The Board approved the program on October 12, 2026. It becomes effective only when the proposed merger with Southern Realty Trust closes; no shares will be repurchased beforehand. After closing, the company intends to repurchase at least $10.0 million as soon as practicable, with the remaining $10.0 million subject to specified pricing and other parameters. SUNS expects purchases through a written Rule 10b5-1 trading plan, subject to daily volume limitations and other conditions. The authorization does not obligate SUNS to purchase a specific amount.
Sunrise Realty Trust (SUNS) announced that its joint venture with an affiliate completed the Thompson San Antonio sale for $41.0 million. The buyer, The Loren Group, provided $9.0 million of cash, including deposits and payments before closing, and received a $32.0 million senior loan originated by SUNS and its affiliate.
With a 65% ownership interest, SUNS’ gross share was approximately $26.7 million: approximately $5.9 million of purchaser cash and a $20.8 million principal interest in the loan, before its share of closing costs and other transaction expenses. SUNS’ purchase-price share is consistent with its investment’s carrying value. The joint venture took ownership in March 2026 after exercising foreclosure rights under the prior senior loan.
Sunrise Realty Trust (SUNS) declared a quarterly dividend of $0.30 per common share for the quarter ending September 30, 2026. The dividend will be paid on October 15, 2026 to shareholders of record as of September 30, 2026, and is unchanged from the second quarter dividend. Sunrise Realty Trust is an institutional commercial real estate lender focused on transitional CRE projects in the Southern United States through the Tannenbaum Capital Group real estate platform.
Sunrise Realty Trust (Nasdaq: SUNS) reported second quarter 2026 GAAP net income of $3.1 million, or $0.23 per basic weighted average common share, and Distributable Earnings of $3.9 million, or $0.29 per basic weighted average common share. According to the company, all loans remained current and its investment in Panther National was fully repaid shortly after quarter end.
For Q2 2026, SUNS paid a common stock dividend of $0.30 per share, totaling $4.1 million, compared with Distributable Earnings of $0.29 per basic share for the period. For the first six months of 2026, Distributable Earnings were $8.6 million, or $0.65 per basic share, exceeding year-to-date dividends of $0.60 per share. The company highlighted modest balance-sheet leverage and continued demand for flexible commercial real estate capital.
Sunrise Realty Trust (Nasdaq: SUNS) agreed to acquire Southern Realty Trust (SRT) via a stock-for-stock merger, consolidating two transitional commercial real estate lenders focused on the Southern U.S. Each SRT share will convert into 1.45 newly issued SUNS shares plus $0.05 per share in cash from SUNS Manager.
The combined company is expected to have approximately $289 million of book value, $534 million of total assets and $604 million of loan commitments across 14 loans as of June 30, 2026. Existing SUNS stockholders are expected to own about 62% of the combined entity and former SRT stockholders about 38%, with SUNS issuing roughly 8.4 million new shares. The SUNS management agreement will be amended to cut the incentive fee rate to 17.5% from 20%, reduce the hurdle rate to 7% from 8%, and add a $1.0 million management fee waiver over four quarters.
Sunrise Realty Trust (Nasdaq: SUNS) announced the full repayment of its investment in the $160 million Panther National credit facility, which consists of a senior term loan and a home construction revolver originated in August 2024.
SUNS received repayments of $31.6 million of the $84.2 million outstanding principal on the senior term loan and $23.8 million of the $63.5 million outstanding principal on the revolver. Affiliates of Tannenbaum Capital Group holding the remaining loan interests were also repaid in full. According to SUNS, the repayment supports its transitional commercial real estate lending strategy and returns capital that can provide additional capacity for future investments.
Sunrise Realty Trust (Nasdaq: SUNS) will release financial results for the second quarter ended June 30, 2026, on Thursday, August 6, 2026, before the market opens. Management will discuss the results on a webcast and conference call at 10:00 a.m. ET, accessible via the company’s Investor Relations website at ir.sunriserealtytrust.com, with participants invited to register in advance. A replay will be available approximately one hour after the event.
According to Sunrise Realty Trust, the company is an institutional commercial real estate lender focused on flexible financing for transitional CRE projects in the Southern U.S. within the Tannenbaum Capital Group Real Estate platform, alongside related public and private mortgage REIT vehicles.