Sunrise Realty Trust Announces $20 Million Stock Repurchase Program

The intended initial repurchases total at least $10.0 million after merger closing, with the remaining $10.0 million subject to pricing parameters.

Rhea-AI Summary

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.

2 points · 0 major

MixediHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 3 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate point. Forward-looking: it has not happened yet and may not happen.Common stock repurchase authorization covers up to $20.0 million through December 31, 2027. 26% of market cap
• Minor point. Forward-looking: it has not happened yet and may not happen.SUNS intends to repurchase at least $10.0 million as soon as practicable after merger closing.

Negative

• Moderate pointProgram effectiveness depends on closing the proposed Southern Realty Trust merger; no repurchases can occur beforehand.
• Minor point. Forward-looking: it has not happened yet and may not happen.The remaining $10.0 million is subject to specified pricing and other parameters.
• Minor point. Forward-looking: it has not happened yet and may not happen.Expected trading-plan purchases are subject to daily volume limitations and other conditions.

Argus 15 min delay 1 alert

+6.22% vs previous close $6.15 last price 10.8x rel. volume Open Argus

Details

Market move: SUNS +6.22% vs previous close. $20M stock repurchase program

$5.54 – $6.50 Day Range

$83.12M Market Cap

On Oct 13, the day this news came out, the latest delayed price for SUNS is 6.22% above the previous close. The latest delayed price is $6.15. Relative volume is exceptionally heavy at 10.8x the average.

Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.

Key Figures

Maximum repurchase authorization: $20.0 million Intended initial repurchases: At least $10.0 million Remaining authorization: $10.0 million

Maximum repurchase authorization

$20.0 million

Effective only after the proposed merger closes; program runs through December 31, 2027

Intended initial repurchases

At least $10.0 million

Currently intended as soon as practicable after merger closing; no specific repurchase amount is guaranteed

Remaining authorization

$10.0 million

Subject to specified pricing and other parameters

Historical Context

1 past event · Latest: Aug 06

1 event

1. Aug 06

   Merger agreement

   24h Move

   +1.7%

   SUNS agreed to acquire SRT; each SRT share would convert into SUNS shares plus cash.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

rule 10b5-1, rule 10b-18, form 8-k, reit

4 terms

rule 10b5-1 regulatory

"through a written trading plan in accordance with Rule 10b5-1"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

rule 10b-18 regulatory

"in accordance with Rule 10b-18 under the Exchange Act"

Rule 10b-18 is a regulation that sets strict rules for how a company's executives and employees can buy back their own company's stock from the market. It helps ensure that these buybacks happen in a fair and transparent way, reducing the chance of market manipulation. This is important for investors because it offers protection against unfair practices and promotes confidence in the integrity of the stock market.

form 8-k regulatory

"included in SUNS’ Current Report on Form 8-K"

A Form 8-K is a report that companies file with the government to share important news quickly, such as changes in leadership, major business deals, or financial updates. It matters because it helps investors stay informed about significant events that could affect the company's value or stock price.

reit financial

"a Nasdaq-listed mortgage real estate investment trust (“REIT”)"

A real estate investment trust (REIT) is a company that owns, operates, or finances income-producing real estate, like shopping centers, apartments, or office buildings. For investors, REITs offer a way to invest in real estate without having to buy property directly, often providing regular income through dividends. They function like a mutual fund for real estate, making it easier for people to add property investments to their portfolio.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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WEST PALM BEACH, Fla., Oct. 13, 2026 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. (“SUNS” or the “Company”) (Nasdaq: SUNS), a lender on the Tannenbaum Capital Group (“TCG”) Real Estate platform, today announced that on October 12, 2026, its Board of Directors (the “Board”) authorized a common stock repurchase program to repurchase up to $20.0 million of SUNS common stock through December 31, 2027 (the “Repurchase Program”). The Repurchase Program will become effective only upon closing of SUNS’ proposed merger with Southern Realty Trust Inc. (“SRT”) (the “Merger”), and no shares will be repurchased under the Repurchase Program before that time.

Following the closing of the Merger, the Company currently intends to repurchase at least $10.0 million of its outstanding common stock as soon as practicable, with the remaining $10.0 million subject to specified pricing and other parameters. In each case, the Company expects the repurchases will be made through a written trading plan in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and subject to certain daily volume limitations and other conditions set forth therein and in accordance with Rule 10b-18 under the Exchange Act. The Company is not obligated to repurchase any specific number of shares or dollar amount, and the program may be modified, suspended or terminated at any time without prior notice. The timing and extent to which the Company repurchases its outstanding common stock will depend upon, among other things, market conditions, share price, liquidity, regulatory requirements and other factors, and repurchases may be commenced or suspended at any time without prior notice. Acquisitions under the Repurchase Program may be made in the open market, through privately negotiated transactions or block trades or other means, in accordance with applicable securities laws.

Additional details regarding the Repurchase Program are included in SUNS’ Current Report on Form 8-K and a supplement to its definitive proxy statement for the Special Meeting, each of which will be filed with the Securities and Exchange Commission (“SEC”) on October 13, 2026.

About Sunrise Realty Trust, Inc.

Sunrise Realty Trust, Inc. (Nasdaq: SUNS) (“SUNS” or the “Company”) is an institutional commercial real estate (“CRE”) lender providing flexible financing solutions to sponsors of CRE projects located primarily in the Southern United States. It focuses on transitional CRE business plans with the potential for near-term value creation, collateralized by top-tier assets predominantly located in established and rapidly expanding Southern markets. For additional information regarding the Company, please visit www.sunriserealtytrust.com.

About TCG Real Estate

TCG Real Estate refers to a group of affiliated CRE-focused debt vehicles, including a Nasdaq-listed mortgage real estate investment trust (“REIT”), Sunrise Realty Trust, Inc. (Nasdaq: SUNS), and a private mortgage REIT, Southern Realty Trust Inc. The funds provide flexible financing on transitional CRE properties that present opportunities for near-term value creation, with a focus on top-tier CRE assets located primarily within markets in the Southern U.S. benefiting from economic tailwinds with growth potential. For additional information regarding TCG Real Estate, please visit www.theTCG.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the closing of the Merger and the Repurchase Program, including the anticipated timing, amount and manner of any repurchases and the Company’s intention to repurchase at least $10 million of its outstanding common stock following the closing of the Merger. Words such as “believes,” “expects,” “will,” “intends,” “plans,” “estimates,” “projects,” “may,” “anticipates,” and “future” or similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions and are not guarantees of future performance, conditions or results. Certain factors could cause actual results and performance to differ materially from those projected in these forward-looking statements, including risks related to the proposed Merger, including the risk that the Merger is not completed on the anticipated terms or timeline, or at all; the Company’s ability to repurchase shares at the times, in the amounts and at the prices it anticipates, which will depend on, among other things, market conditions, share price, liquidity, regulatory requirements and other factors; the failure to obtain the required approvals of SUNS or SRT stockholders or to satisfy the other closing conditions to the merger; the occurrence of any event, change or other circumstance that could give rise to the termination of the Merger Agreement; the failure to realize the anticipated benefits of the Merger, the effect of the announcement or pendency of the Merger on the parties’ business relationships and operating results; the risk of stockholder litigation in connection with the Merger; risks related to diverting the attention of management from ongoing business operations; the effect of the announcement or consummation of the Merger on the market price of SUNS common stock; and the other factors described in SUNS’ filings with the SEC, including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of SUNS’ Annual Report on Form 10-K filed on March 12, 2026, and subsequently filed Quarterly Reports on Form 10-Q. New risks and uncertainties arise over time, and it is not possible to predict those events or how they may affect SUNS or SRT. We do not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Additional Information About the Merger and Where to Find It

In connection with the proposed Merger, SUNS filed a definitive proxy statement on Schedule 14A with the SEC on September 18, 2026 (the “Proxy Statement”) and expects to file any other relevant materials with the SEC, relating to a special meeting of SUNS stockholders. This press release is not a substitute for the Proxy Statement or any other document that SUNS may file with the SEC and send to its stockholders in connection with the proposed Merger. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT AND OTHER RELEVANT DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED MERGER AND RELATED MATTERS. Investors and security holders may obtain free copies of the Proxy Statement (when available) and other documents filed by SUNS with the SEC through the website maintained by the SEC at www.sec.gov, on SUNS’ website at www.sunriserealtytrust.com or by contacting SUNS’ Investor Relations at ir@theTCG.com.

Participants in the Solicitation

SUNS and its directors and executive officers may be deemed to be participants in the solicitation of proxies from SUNS stockholders in connection with the proposed Merger. Information about SUNS’ directors and executive officers is set forth in SUNS’ proxy statement for its 2026 annual meeting of stockholders and its other filings with the SEC. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the Proxy Statement and other relevant materials filed with the SEC in connection with the Merger when they become available.

No Offer or Solicitation

This press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Investor Relations Contact

Robyn Tannenbaum
561-510-2293
ir@thetcg.com

Media Contact

Doug Allen
Dukas Linden Public Relations
646-722-6530
TCG@DLPR.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How large is Sunrise Realty Trust's SUNS stock repurchase program?

The authorization permits repurchases of up to $20.0 million of common stock through December 31, 2027. After the proposed merger closes, SUNS intends to repurchase at least $10.0 million as soon as practicable; the remaining $10.0 million is subject to specified pricing and other parameters.

When can Sunrise Realty Trust begin repurchasing SUNS shares?

The program becomes effective only upon closing of the proposed merger with Southern Realty Trust. No shares will be repurchased under the program before that closing.

How may Sunrise Realty Trust carry out its stock repurchases?

SUNS may buy shares in the open market, privately negotiated transactions, block trades or other means in accordance with applicable securities laws. The company expects purchases through a written Rule 10b5-1 trading plan and in accordance with Rule 10b-18, subject to daily volume limitations and other conditions.