Welcome to our dedicated page for Sunrise Realty Trust news (Ticker: SUNS), a resource for investors and traders seeking the latest updates and insights on Sunrise Realty Trust stock.
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.
Solar Senior Capital Ltd. (NASDAQ: SUNS) is set to announce its financial results for Q2 2020, ending June 30, on August 4, 2020. The announcement will follow after the market closes. An earnings conference call is scheduled for August 5, 2020, at 11:30 a.m. ET, where stakeholders can participate by dialing in or joining via a live webcast on the company's website. As a business development company, Solar Senior Capital focuses on investing in U.S. middle-market companies through secured debt instruments and asset-based loans.
Solar Senior Capital Ltd. (NASDAQ: SUNS) announced a monthly distribution of $0.10 per share for June 2020, payable on July 1, 2020 to stockholders on record as of June 18, 2020. The tax characteristics of the distribution will be detailed in Form 1099 after the year-end. Solar Senior Capital operates as a specialty finance company, primarily investing in leveraged middle-market companies through secured loans. The company cautioned that forward-looking statements are subject to risks and uncertainties, particularly due to the impact of COVID-19.
Solar Senior Capital Ltd. (NASDAQ: SUNS) reported net investment income of $5.7 million ($0.35 per share) for Q1 2020. The net asset value (NAV) was $14.59 per share, down 10.6% from the end of 2019 due to unrealized depreciation. As of March 31, 2020, the company maintained a low net leverage of 0.69x and 100% of its portfolio was performing. A monthly distribution of $0.10 per share was declared for May 2020, with $220 million in available liquidity. The comprehensive investment portfolio amounted to $624.6 million.