Sunrise Realty Trust, Inc. Announces Financial Results for the Second Quarter 2025
Sunrise Realty Trust (Nasdaq: SUNS), a commercial real estate lender, reported its Q2 2025 financial results. The company achieved GAAP net income of $3.4 million ($0.25 per share) and Distributable Earnings of $4.1 million ($0.31 per share).
The company paid a quarterly dividend of $0.30 per share, distributing $4.0 million to shareholders. CEO Brian Sedrish highlighted increased market activity and transaction volume, with SUNS focusing on financing transitional assets for stronger returns amid growing competition in stabilized properties.
SUNS operates as part of the TCG Real Estate platform, specializing in providing flexible financing solutions for commercial real estate projects in the Southern United States, particularly focusing on transitional properties with near-term value creation potential.
Sunrise Realty Trust (Nasdaq: SUNS), un finanziatore nel settore immobiliare commerciale, ha comunicato i risultati finanziari del secondo trimestre 2025. L'azienda ha registrato un utile netto GAAP di 3,4 milioni di dollari (0,25 dollari per azione) e un utile distribuibile di 4,1 milioni di dollari (0,31 dollari per azione).
La società ha corrisposto un dividendo trimestrale di 0,30 dollari per azione, distribuendo 4,0 milioni di dollari agli azionisti. Il CEO Brian Sedrish ha sottolineato l'aumento dell'attività di mercato e del volume delle transazioni, con SUNS che si concentra sul finanziamento di asset in fase di transizione per ottenere rendimenti più elevati in un contesto di crescente concorrenza nelle proprietà stabilizzate.
SUNS opera come parte della piattaforma TCG Real Estate, specializzandosi nell'offrire soluzioni di finanziamento flessibili per progetti immobiliari commerciali nel Sud degli Stati Uniti, con particolare attenzione agli immobili in transizione con potenziale di valorizzazione a breve termine.
Sunrise Realty Trust (Nasdaq: SUNS), un prestamista de bienes raíces comerciales, reportó sus resultados financieros del segundo trimestre de 2025. La compañía logró un ingreso neto GAAP de 3.4 millones de dólares (0.25 dólares por acción) y ganancias distribuibles de 4.1 millones de dólares (0.31 dólares por acción).
La empresa pagó un dividendo trimestral de 0.30 dólares por acción, distribuyendo 4.0 millones de dólares a los accionistas. El CEO Brian Sedrish destacó un aumento en la actividad del mercado y el volumen de transacciones, con SUNS enfocándose en financiar activos en transición para obtener mayores rendimientos en medio de una competencia creciente en propiedades estabilizadas.
SUNS opera como parte de la plataforma TCG Real Estate, especializándose en ofrecer soluciones de financiamiento flexibles para proyectos inmobiliarios comerciales en el sur de Estados Unidos, con un enfoque particular en propiedades en transición con potencial de creación de valor a corto plazo.
Sunrise Realty Trust (나스닥: SUNS)는 상업용 부동산 대출업체로서 2025년 2분기 재무 실적을 발표했습니다. 회사는 GAAP 순이익 340만 달러(주당 0.25달러)와 배당 가능 이익 410만 달러(주당 0.31달러)를 기록했습니다.
회사는 주주들에게 1주당 분기 배당금 0.30달러를 지급하며 총 400만 달러를 배분했습니다. CEO 브라이언 세드리시는 시장 활동과 거래량 증가를 강조하며, SUNS가 안정된 자산 경쟁이 심화되는 가운데 전환기 자산에 대한 금융 지원에 집중해 더 높은 수익을 추구하고 있다고 밝혔습니다.
SUNS는 TCG 부동산 플랫폼의 일부로 운영되며, 미국 남부 지역의 상업용 부동산 프로젝트에 유연한 금융 솔루션을 제공하는 데 특화되어 있으며, 특히 단기 가치 창출 가능성이 있는 전환기 자산에 집중하고 있습니다.
Sunrise Realty Trust (Nasdaq : SUNS), un prêteur immobilier commercial, a publié ses résultats financiers du deuxième trimestre 2025. La société a réalisé un revenu net GAAP de 3,4 millions de dollars (0,25 dollar par action) et un bénéfice distribuable de 4,1 millions de dollars (0,31 dollar par action).
La société a versé un dividende trimestriel de 0,30 dollar par action, distribuant 4,0 millions de dollars aux actionnaires. Le PDG Brian Sedrish a souligné une augmentation de l'activité du marché et du volume des transactions, SUNS se concentrant sur le financement d'actifs en transition pour obtenir de meilleurs rendements face à une concurrence accrue sur les propriétés stabilisées.
SUNS fait partie de la plateforme TCG Real Estate, spécialisée dans la fourniture de solutions de financement flexibles pour des projets immobiliers commerciaux dans le sud des États-Unis, en mettant particulièrement l'accent sur les propriétés en transition avec un potentiel de création de valeur à court terme.
Sunrise Realty Trust (Nasdaq: SUNS), ein Kreditgeber im Bereich Gewerbeimmobilien, veröffentlichte seine Finanzergebnisse für das zweite Quartal 2025. Das Unternehmen erzielte einen GAAP-Nettogewinn von 3,4 Millionen US-Dollar (0,25 US-Dollar pro Aktie) und ausschüttungsfähige Gewinne von 4,1 Millionen US-Dollar (0,31 US-Dollar pro Aktie).
Das Unternehmen zahlte eine vierteljährliche Dividende von 0,30 US-Dollar pro Aktie und schüttete 4,0 Millionen US-Dollar an die Aktionäre aus. CEO Brian Sedrish hob die gestiegene Marktaktivität und das Transaktionsvolumen hervor, wobei SUNS sich darauf konzentriert, Finanzierungen für Übergangsimmobilien bereitzustellen, um angesichts zunehmender Konkurrenz bei stabilisierten Objekten höhere Renditen zu erzielen.
SUNS ist Teil der TCG Real Estate Plattform und spezialisiert auf flexible Finanzierungslösungen für Gewerbeimmobilienprojekte im Süden der USA, mit besonderem Fokus auf Übergangsobjekte mit kurzfristigem Wertsteigerungspotenzial.
- Distributable Earnings of $0.31 per share exceeded the quarterly dividend of $0.30
- Net income increased significantly to $3.4M in Q2 2025 from $1.5M in Q2 2024
- Strong pipeline of actionable transactions reported by management
- Market showing increased transaction volume and financing demand
- Increased competition reported in stabilized property financing sector
- Higher provision for credit losses at $468,493 compared to $71,854 in Q2 2024
Insights
SUNS reported solid Q2 2025 with $0.31 distributable earnings per share, fully covering the $0.30 dividend while building a strong transaction pipeline.
Sunrise Realty Trust delivered robust performance in Q2 2025 with
Looking at the year-over-year comparison, SUNS has shown remarkable growth with distributable earnings more than doubling from
The company's strategic focus on transitional commercial real estate assets in the Southern United States appears to be paying dividends in the current market environment. Management highlighted that while competition has intensified for stabilized properties, they're seeing less competition and stronger returns in their target segment of transitional assets.
The provision for expected credit losses increased to
With a strong pipeline of actionable transactions backed by qualified sponsors, SUNS appears well-positioned to continue its growth trajectory in a rebounding market environment where transaction volumes and financing demand are increasing.
Second quarter 2025 GAAP net income of
WEST PALM BEACH, Fla., Aug. 07, 2025 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. (Nasdaq: SUNS) (“SUNS” or the “Company”), a lender on the Tannenbaum Capital Group (“TCG”) Real Estate platform, today announced its results for the quarter ended June 30, 2025.
SUNS reported generally accepted accounting principles (“GAAP”) net income of
Brian Sedrish, Chief Executive Officer, said, “As market activity rebounds, we’re seeing more transaction volume and increased demand for financing among borrowers seeking capital for both acquisitions and refinancings. While competition has intensified for stabilized, cash-flowing properties, SUNS’ focus remains largely on financing transitional assets where we see less competition and stronger returns. With our strong pipeline of actionable transactions backed by qualified sponsors, we believe that SUNS’ expertise in providing structured solutions to sponsors of transitional commercial real estate positions us to capitalize on these market dynamics.”
Common Stock Dividend
On July 15, 2025, the Company paid a cash dividend of
Additional Information
SUNS issued a presentation, titled “Second Quarter 2025 Investor Presentation,” which can be viewed at www.sunriserealtytrust.com under the Investor Relations section. The Company also filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2025, with the Securities and Exchange Commission on August 7, 2025.
SUNS routinely posts important information for investors on its website, www.sunriserealtytrust.com. The Company intends to use this webpage as a means of disclosing material information, for complying with our disclosure obligations under Regulation FD and to post and update investor presentations and similar materials on a regular basis. SUNS encourages investors, analysts, the media and others interested in SUNS to monitor the Investors section of its website, in addition to following its press releases, SEC filings, public conference calls, presentations, webcasts and other information posted from time to time on the website. To sign-up for email-notifications, please visit the “Email Alerts” section of the website under the “IR Resources” section.
Conference Call & Discussion of Financial Results
SUNS will host a conference call at 10:00 am (Eastern Time) on Thursday, August 7, 2025, to provide an update on the business. All interested parties are welcome to participate. The call will be available through a live audio webcast at the Investor Relations section of SUNS’s website found here: SUNS – Investor Relations. To participate via telephone, please register in advance at this link. Upon registration, all telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in number along with a unique passcode and registrant ID that can be used to access the call. The complete webcast will be archived for 90 days on the Investor Relations section of SUNS’ website.
About Sunrise Realty Trust, Inc.
Sunrise Realty Trust, Inc. (Nasdaq: SUNS) is an institutional commercial real estate (“CRE”) lender providing flexible financing solutions to sponsors of CRE projects 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 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 funds, including a Nasdaq-listed mortgage 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.
Non-GAAP Metrics
In addition to using certain financial metrics prepared in accordance with GAAP to evaluate our performance, we also use Distributable Earnings to evaluate our performance excluding the effects of certain transactions and GAAP adjustments we believe are not necessarily indicative of our current loan activity and operations. Distributable Earnings is a measure that is not prepared in accordance with GAAP. Distributable Earnings and the other capitalized terms not defined in this section have the meanings ascribed to such terms in our most recently filed quarterly report. We use this non-GAAP financial measure both to explain our results to shareholders and the investment community and in the internal evaluation and management of our businesses. Our management believes that this non-GAAP financial measure and the information they provide are useful to investors since these measures permit investors and shareholders to assess the overall performance of our business using the same tools that our management uses to evaluate our past performance and prospects for future performance.
The determination of Distributable Earnings is substantially similar to the determination of Core Earnings under our Management Agreement, provided that Core Earnings is a component of the calculation of any Incentive Compensation earned under the Management Agreement for the applicable time period, and thus Core Earnings is calculated without giving effect to Incentive Compensation expense, while the calculation of Distributable Earnings account for any Incentive Compensation earned for such time period. We define Distributable Earnings as, for a specified period, the net income (loss) computed in accordance with GAAP, excluding (i) stock-based compensation expense, (ii) depreciation and amortization, (iii) any unrealized gains, losses or other non-cash items recorded in net income (loss) for the period, regardless of whether such items are included in other comprehensive income or loss, or in net income (loss); provided that Distributable Earnings does not exclude, in the case of investments with a deferred interest feature (such as original issue discount, debt instruments with PIK interest and zero coupon securities), accrued income that we have not yet received in cash, (iv) provision for (reversal of) current expected credit losses (“CECL”), (v) taxable REIT (as defined below) subsidiary (“TRS”) (income) loss, net of any dividends received from TRS and (vi) one-time events pursuant to changes in GAAP and certain non-cash charges, in each case after discussions between our Manager and our independent directors and after approval by a majority of such independent directors.
We believe providing Distributable Earnings on a supplemental basis to our net income as determined in accordance with GAAP is helpful to shareholders in assessing the overall performance of our business. As a real estate investment trust (“REIT”), we are required to distribute at least
Distributable Earnings is a non-GAAP financial measure and should not be considered as a substitute for GAAP net income. We caution readers that our methodology for calculating Distributable Earnings may differ from the methodologies employed by other REITs to calculate the same or similar supplemental performance measures, and as a result, our reported Distributable Earnings may not be comparable to similar measures presented by other REITs.
The following table provides a reconciliation of GAAP Net income to Distributable Earnings:
| Three months ended June 30, | Six months ended June 30, | |||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||
| Net income | $ | 3,358,314 | $ | 1,513,743 | $ | 6,457,751 | $ | 3,276,088 | ||||
| Adjustments to net income: | ||||||||||||
| Stock-based compensation expense | 259,066 | — | 502,687 | — | ||||||||
| Depreciation and amortization | — | — | — | — | ||||||||
| Unrealized (gains) losses, or other non-cash items | — | — | — | — | ||||||||
| Provision for (reversal of) current expected credit losses | 468,493 | 71,854 | 586,141 | 71,854 | ||||||||
| TRS (income) loss | — | — | — | — | ||||||||
| One-time events pursuant to changes in GAAP and certain non-cash charges | — | — | — | — | ||||||||
| Distributable earnings | $ | 4,085,873 | $ | 1,585,597 | $ | 7,546,579 | $ | 3,347,942 | ||||
| Basic weighted average shares of common stock outstanding | 13,235,823 | 6,889,032 | 12,227,520 | 6,889,032 | ||||||||
| Distributable earnings per basic weighted average share | $ | 0.31 | $ | 0.23 | $ | 0.62 | $ | 0.49 | ||||
Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect our current views and projections with respect to, among other things, future events and financial performance. Words such as “believes,” “expects,” “will,” “intends,” “plans,” “guidance,” “estimates,” “projects,” “may,” “anticipates,” and “future” or similar expressions are intended to identify forward-looking statements. These forward-looking statements, including statements about our future growth and strategies for such growth, and our estimates of future distributable earnings, are subject to the inherent uncertainties in predicting future results and conditions and are not guarantees of future performance, conditions or results. Certain factors, including the ability of our manager to locate suitable loan opportunities for us, monitor and actively manage our loan portfolio and implement our investment strategy; the demand for commercial real estate investment; management’s current estimate of expected credit losses and current expected credit loss reserve and other factors could cause actual results and performance to differ materially from those projected in these forward-looking statements. More information on these risks and other potential factors that could affect our business and financial results is included in SUNS’s 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’s Annual Report on Form 10-K filed on March 6, 2025, 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. 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.
Investor Relations Contact:
Robyn Tannenbaum
(561) 510-2293
ir@theTCG.com
| 1 Distributable Earnings is a non-GAAP financial measure. See the “Non-GAAP Metrics” section of this release for a reconciliation of GAAP Net Income to Distributable Earnings. | |
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