Sunrise Realty Trust, Inc. Announces Financial Results for the Third Quarter 2025
Sunrise Realty Trust (NASDAQ: SUNS) reported Q3 2025 GAAP net income of $4.05M (or $0.30 basic EPS) and Distributable Earnings of $4.12M (or $0.31 per basic share) for the quarter ended September 30, 2025. For the nine months ended Sept. 30, 2025, net income was $10.51M versus $5.01M a year earlier.
The company paid a $0.30 per-share dividend on Oct. 15, 2025 (totaling $4.0M), representing payout roughly equal to quarterly Distributable Earnings. SUNS filed its Form 10-Q on Nov. 13, 2025, and hosted a conference call the same day.
Sunrise Realty Trust (NASDAQ: SUNS) ha riportato un utile netto GAAP del Q3 2025 di 4,05 milioni di dollari (o 0,30 USD per azione base) e Distributable Earnings di 4,12 milioni (ovvero 0,31 USD per azione base) per il trimestre chiuso al 30 settembre 2025. Nei primi nove mesi terminati il 30 settembre 2025, l'utile netto è stato di 10,51 milioni di dollari rispetto ai 5,01 milioni di un anno prima.
La società ha pagato un dividendo di 0,30 dollari per azione il 15 ottobre 2025 (totale 4,0 milioni di dollari), rappresentando una payout approssimativamente uguale agli Utili Distribuibili del trimestre. SUNS ha depositato il Form 10-Q il 13 novembre 2025 e ha organizzato una conference call lo stesso giorno.
Sunrise Realty Trust (NASDAQ: SUNS) reportó ingresos netos GAAP del 3T 2025 de 4,05 millones de dólares (o 0,30 USD por acción básica) y Ganancias Distribuibles de 4,12 millones (o 0,31 por acción básica) para el trimestre terminado el 30 de septiembre de 2025. En los primeros nueve meses finalizados el 30 de septiembre de 2025, el ingreso neto fue de 10,51 millones de dólares frente a 5,01 millones un año antes.
La empresa pagó un dividendo de 0,30 dólares por acción el 15 de octubre de 2025 (un total de 4,0 millones de dólares), representando un payout aproximadamente igual a las Ganancias Distribuibles del trimestre. SUNS presentó su Formulario 10-Q el 13 de noviembre de 2025 y llevó a cabo una conferencia telefónica ese mismo día.
Sunrise Realty Trust (NASDAQ: SUNS)는 2025년 3분기 GAAP 순이익을 4.05백만 달러로, 주당 기본 이익은 0.30달러이며 배당가능 이익 4.12백만 달러 (주당 기본 0.31달러)로 2025년 9월 30일 종료된 분기에 대해 보고했습니다. 2025년 9월 30일 종료된 9개월 기간 동안 순이익은 1,051만 달러로 작년 동기간의 501만 달러에 비해 증가했습니다.
회사는 2025년 10월 15일 주당 0.30달러의 배당금을 지급했고(총 4.0백만 달러), 이는 분기별 배당가능 이익과 대략 같은 지급 비율을 나타냅니다. SUNS는 2025년 11월 13일에 Form 10-Q를 제출했고 같은 날 컨퍼런스 콜을 개최했습니다.
Sunrise Realty Trust (NASDAQ: SUNS) a annoncé un résultat net GAAP du T3 2025 de 4,05 M$ (ou 0,30$ par action de base) et des Bénéfices Distribuables de 4,12 M$ (ou 0,31$ par action de base) pour le trimestre clos le 30 septembre 2025. Pour les neuf mois terminés le 30 septembre 2025, le résultat net s’est élevé à 10,51 M$ contre 5,01 M$ l’année précédente.
L’entreprise a versé un dividende de 0,30$ par action le 15 octobre 2025 (au total 4,0 M$), représentant un taux de distribution approximativement égal aux Bénéfices Distribuables du trimestre. SUNS a déposé son Formulaire 10-Q le 13 novembre 2025 et a organisé une conférence téléphonique le même jour.
Sunrise Realty Trust (NASDAQ: SUNS) berichtete ein GAAP-Nettoeinkommen im Q3 2025 von 4,05 Mio. USD (oder 0,30 USD je Aktie) und verteilbare Erträge von 4,12 Mio. USD (0,31 USD pro Stammaktie) für das Quartal zum 30. September 2025. Für die ersten neun Monate bis zum 30. September 2025 betrug das Nettoeinkommen 10,51 Mio. USD gegenüber 5,01 Mio. USD im Vorjahr.
Das Unternehmen zahlte am 15. Oktober 2025 eine Dividende von 0,30 USD pro Aktie (insgesamt 4,0 Mio. USD), was ungefähr dem Quartalsverteilbaren Ertrag entspricht. SUNS reichte am 13. November 2025 das Form 10-Q ein und führte am selben Tag eine Telefonkonferenz durch.
Sunrise Realty Trust (NASDAQ: SUNS) أبلغت عن صافي دخل مطابق GAAP للربع الثالث من عام 2025 قدره 4.05 مليون دولار (أو 0.30 دولار للسهم الأساسي) وأرباح قابلة للتوزيع قدرها 4.12 مليون دولار (أو 0.31 دولار للسهم الأساسي) للربع المنتهي في 30 سبتمبر 2025. وللشهور التسعة المنتهية في 30 سبتمبر 2025، كان صافي الدخل 10.51 مليون دولار مقارنةً بـ 5.01 مليون دولار في العام الماضي.
دفعت الشركة توزيعات قدرها 0.30 دولار للسهم في 15 أكتوبر 2025 (إجمالي 4.0 مليون دولار)، مما يمثل نسبة توزيع تقارب ما يقارن بالأرباح القابلة للتوزيع للربع. قدمت SUNS نموذج 10-Q في 13 نوفمبر 2025 وأجرت مكالمة مؤتمرات في اليوم نفسه.
- Q3 2025 net income of $4.05M versus $1.74M in Q3 2024
- Q3 2025 Distributable Earnings of $4.12M versus $1.85M in Q3 2024
- Nine-month 2025 net income of $10.51M versus $5.01M in 2024
- Paid quarterly dividend of $0.30 per share consistent with Distributable Earnings
- Basic weighted average shares rose to 13.247M from 6.8005M, diluting per-share metrics
- Dividend payout (~$4.0M) consumed nearly all Q3 Distributable Earnings
Insights
SUNS reported modest GAAP and distributable earnings and paid a quarterly dividend; results align with its stated REIT distribution policy.
Sunrise Realty Trust recorded GAAP net income of
The core business model remains lending on transitional commercial real estate in the Southern U.S., financed with senior and unsecured debt as described. Key dependencies include the manager’s ability to source and manage loans and the company’s CECL estimate, both cited explicitly. Monitor the archived conference call and the filed
Third quarter 2025 GAAP net income of
WEST PALM BEACH, Fla., Nov. 13, 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 September 30, 2025.
SUNS reported generally accepted accounting principles (“GAAP”) net income of
Brian Sedrish, Chief Executive Officer of SUNS, said, “Our accomplishments during the third quarter demonstrate our continued focus on the strategic objectives we established approximately eighteen months ago as we continue building a new-vintage, premier commercial mortgage REIT. We remain focused on originating loans to borrowers of transitional real estate assets located primarily in the Southern United States. The progress achieved this quarter reflects continued execution toward our core goals – delivering a consistent and stable dividend, diversifying our portfolio across asset classes, geographies and borrowers, and utilizing efficiently priced senior and unsecured financing to support prudent growth.”
Common Stock Dividend
On October 15, 2025, the Company paid a cash dividend of
Additional Information
SUNS issued a presentation, titled “Third 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 September 30, 2025, with the Securities and Exchange Commission (the “SEC”) on November 13, 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, November 13, 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 the SUNS website.
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 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 funds, 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.
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 September 30, | Nine months ended September 30, | ||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||
| Net income | $ | 4,054,959 | $ | 1,738,363 | $ | 10,512,710 | $ | 5,014,451 | |||||
| Adjustments to net income: | |||||||||||||
| Stock-based compensation expense | 260,307 | 160,139 | 762,994 | 160,139 | |||||||||
| Depreciation and amortization | — | — | — | — | |||||||||
| Unrealized (gains) losses, or other non-cash items | — | — | — | — | |||||||||
| (Reversal of) provision for current expected credit losses | (193,865 | ) | (47,527 | ) | 392,276 | 24,327 | |||||||
| TRS (income) loss | — | — | — | — | |||||||||
| One-time events pursuant to changes in GAAP and certain non-cash charges | — | — | — | — | |||||||||
| Distributable earnings | $ | 4,121,401 | $ | 1,850,975 | $ | 11,667,980 | $ | 5,198,917 | |||||
| Basic weighted average shares of common stock outstanding | 13,247,030 | 6,800,500 | 12,571,091 | 6,800,500 | |||||||||
| Distributable earnings per basic weighted average share | $ | 0.31 | $ | 0.27 | $ | 0.93 | $ | 0.76 | |||||
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
Media Contact
Doug Allen
Dukas Linden Public Relations
(646) 722-6530
TCG@DLPR.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.
FAQ
What were Sunrise Realty Trust (SUNS) Q3 2025 GAAP net income and EPS?
How much were SUNS Distributable Earnings per share in Q3 2025?
When and how much did SUNS pay in its Q3 2025 dividend (SUNS)?
Did SUNS file its Q3 2025 Form 10-Q and hold a conference call?
How did SUNS shares outstanding change year over year through Q3 2025?
How closely did SUNS's Q3 2025 dividend match Distributable Earnings?
