Welcome to our dedicated page for Sunrise Realty Trust SEC filings (Ticker: SUNS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Sunrise Realty Trust, Inc. filings document the regulatory record of a Maryland commercial mortgage REIT with common stock listed on Nasdaq under SUNS. Its reports and exhibits describe operating results, GAAP and non-GAAP performance measures, dividends, CRE lending activity and the financing arrangements used to support its loan portfolio.
Company filings include Form 8-K reports for quarterly results and material agreements, including amendments to its senior secured revolving credit facility and an at-the-market common stock distribution program. Proxy materials describe annual shareholder voting matters, director elections, auditor ratification and governance procedures.
Sunrise Realty Trust, Inc. reported the results of its 2026 Annual Meeting of Shareholders held on May 26, 2026. Shareholders re-elected Class II directors Brian Sedrish and James Fagan to terms expiring at the 2029 Annual Meeting of Shareholders.
Sedrish received 6,979,466 votes for and 106,356 withheld, with 3,244,091 broker non-votes. Fagan received 6,214,088 votes for and 871,734 withheld, with 3,244,091 broker non-votes. Shareholders also ratified the appointment of CohnReznick LLP as independent registered public accounting firm for the year ending December 31, 2026, with 10,180,470 votes for, 118,629 against, and 30,814 abstentions.
Sunrise Realty Trust, Inc. reported first quarter 2026 GAAP net income of $4.3 million, or $0.32 per basic weighted average common share. Distributable Earnings, a non-GAAP measure the company uses to assess performance and support its dividend policy, were $4.7 million, or $0.35 per basic share, compared with $3.5 million, or $0.31, in the first quarter of 2025.
The company focuses on providing flexible financing for transitional commercial real estate projects, primarily in the Southern United States, and highlighted a growing pipeline of opportunities as capital remains scarce for these business plans. On April 15, 2026, Sunrise Realty Trust paid a cash dividend of $0.30 per common share, or $4.1 million in total, for the first quarter, which was covered by Distributable Earnings for the period.
Sunrise Realty Trust, Inc. reported solid first-quarter 2026 results, showing rapid portfolio-driven growth. Net income rose to $4.3 million, up from $3.1 million a year earlier, with basic earnings per share increasing to $0.32 from $0.27. Interest income more than doubled to $10.3 million, reflecting higher average loan balances and about $1.2 million of repayment premium from an early payoff of a $45.0 million Dallas multifamily loan.
Total assets reached $330.0 million, driven mainly by $296.8 million of loans held at carrying value and a new $24.6 million equity investment in an unconsolidated hotel joint venture following foreclosure on the San Antonio hospitality loan. The loan book remains almost entirely floating-rate and concentrated in Southern U.S. commercial real estate.
Leverage increased as Sunrise used its credit lines to fund growth, with $88.1 million drawn on its bank revolving credit facility and $51.4 million on its affiliate credit facility. The current expected credit loss reserve declined to $0.6 million, or 0.19% of loans, after writing off reserves tied to the foreclosed San Antonio loan. The company declared a quarterly dividend of $0.30 per share, with book value per share at about $13.50.
Sunrise Realty Trust, Inc. is asking shareholders to vote at its virtual 2026 annual meeting on May 26, 2026, at 9:30 a.m. Eastern Time. Shareholders will elect two Class II directors, Brian Sedrish and James Fagan, to serve until the 2029 meeting and vote on ratifying CohnReznick LLP as independent auditor for 2026.
The externally managed REIT details a five‑member board with three independent directors and a lead independent director. It discloses a Management Agreement under which the Manager earned a $2.1 million base management fee, $0.4 million incentive compensation and $2.5 million in reimbursed expenses in 2025, plus a related‑party $75 million revolving credit facility.
The proxy also outlines executive and director compensation, showing restricted stock awards under a 2024 Stock Incentive Plan with 1,059,168 shares available, a standard independent director cash retainer program, concentrated ownership with Executive Chairman Leonard Tannenbaum holding 27.2% of common stock, and corporate governance, risk oversight, clawback and related‑party transaction policies.
Sunrise Realty Trust, Inc. reported fourth quarter 2025 GAAP net income of $1.6 million, or $0.12 per basic share, and Distributable Earnings of $3.5 million, or $0.27 per basic share. Net interest income for the quarter was $5.2 million on interest income of $7.2 million and interest expense of $1.9 million.
For full year 2025, the company generated GAAP net income of $12.1 million, or $0.93 per basic share, and Distributable Earnings of $15.2 million, or $1.19 per basic share. Total 2025 net interest income was $21.6 million, with total expenses of $7.4 million and a provision for current expected credit losses of $2.0 million.
The Board of Directors declared a first quarter 2026 cash dividend of $0.30 per common share, payable on April 15, 2026 to shareholders of record as of March 31, 2026. Sunrise also filed its Annual Report on Form 10-K for 2025 and scheduled a conference call on March 12, 2026 at 10:00 a.m. Eastern Time to discuss these results.
Sunrise Realty Trust, Inc. files its Annual Report describing a young, externally managed commercial real estate finance REIT focused on the Southern U.S. The company originates and invests mainly in senior mortgage, mezzanine and other CRE debt, targeting deal sizes of $15–250 million and loan holds of $15–100 million.
Loans generally run 2–5 years, carry floating rates over SOFR, and are structured with fees and loan-to-value ratios at or below approximately 75%, with a portfolio leverage goal of about 1.5:1 debt-to-equity and low-teens net IRR. As of February 27, 2026, management reports a potentially actionable pipeline of roughly $0.7 billion in CRE commitments under review.
Formed in 2023 and spun off from Advanced Flower Capital Inc. in July 2024, Sunrise elected REIT status for 2024 and is listed on Nasdaq under “SUNS.” It is externally managed by Sunrise Manager LLC, which earns a quarterly base fee of 0.375% of Equity plus performance-based incentive compensation tied to Core Earnings, subject to an annual clawback test, and is reimbursed for certain overhead. The 10-K highlights risks including portfolio concentration, market and interest-rate volatility, dependence on its manager, regulatory requirements for REIT and Investment Company Act status, and competition from other lenders.
Sunrise Realty Trust, Inc. amended its senior secured revolving credit facility, adding Customers Bank as a new lender and increasing total commitments by $25 million to $165 million. The facility, originally arranged with East West Bank in November 2024, remains expandable to $200 million, subject to conditions and additional lender participation.
The company plans to use the expanded revolver to fund new commercial real estate loan originations in its target markets, support future draws and unfunded commitments on existing loans, and manage liquidity and capital needs tied to portfolio growth.
Fagan James C. reported acquisition or exercise transactions in this Form 4 filing.
Sunrise Realty Trust director James C. Fagan received an equity award of 1,071 shares of common stock at $9.34 per share. These shares are restricted stock granted under the company’s Stock Incentive Plan and are scheduled to become fully vested on the first anniversary of January 2, 2026, subject to early termination and adjustment under the grant agreement.
After this grant, Fagan directly holds 11,664 common shares. The filing also notes an additional 8,840 common shares held indirectly through Civic Reserve LLC, a Wyoming limited liability company wholly owned by Fagan and his spouse.
Bond Jodi Hanson reported acquisition or exercise transactions in this Form 4 filing.
Sunrise Realty Trust director Jodi Hanson Bond received a grant of 1,071 shares of common stock on February 19, 2026, valued at $9.34 per share. Following this award, her directly owned holdings total 22,299 shares. The footnote states these are restricted shares that will fully vest on the first anniversary of January 2, 2026, subject to early termination and adjustment under the grant agreement.