Every 8-K that Sunrise Realty Trust, Inc. (SUNS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow SUNS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SUNS filings page.
Sunrise Realty Trust, Inc. (SUNS) increased its board to six directors and approved Southern Realty Trust Inc.’s designation of Howard Sudnow as an independent director, effective at the merger’s effective time. Southern Realty Trust is to merge with and into Sunrise Merger Sub, LLC, a wholly owned subsidiary of Sunrise; the merger is expected to become effective in the fourth quarter of 2026.
Mr. Sudnow’s term will run through SUNS’s 2027 annual meeting and until a successor is duly elected and qualified or his earlier death, resignation or removal. He is a partner at MYST Advisors and has over 30 years of capital markets experience. He will be entitled to compensation payable to SUNS non-employee directors.
Sunrise Realty Trust, Inc. reported second quarter 2026 GAAP net income of $3.1 million, or $0.23 per basic weighted average common share, and Distributable Earnings of $3.9 million, or $0.29 per basic weighted average common share. Management noted that all loans in the portfolio remain current and that the company received full repayment of its Panther National investment shortly after quarter end.
The company paid a $0.30 per share common dividend for the quarter, totaling $4.1 million, versus Distributable Earnings of $0.29 per share for the same period. For the first six months of 2026, Distributable Earnings were $8.6 million, or $0.65 per share, exceeding dividends declared of $0.60 per share. Sunrise Realty Trust filed its Form 10-Q for the quarter, published an investor presentation, and scheduled a conference call to discuss results.
Sunrise Realty Trust, Inc. is entering into a definitive merger under which Southern Realty Trust Inc. will merge into a wholly owned Sunrise subsidiary, in a transaction intended to qualify as a tax-free reorganization. Closing is targeted for the fourth quarter of 2026, subject to Sunrise stockholder approval of a stock issuance, SRT stockholder approval, satisfaction of customary conditions and completion of a Go-Shop Period through September 5, 2026.
Each SRT share will be converted into 1.45 newly issued Sunrise common shares plus an additional $0.05 per share in cash funded by Sunrise Manager LLC. Sunrise expects to issue approximately 8.4 million shares as stock consideration. On a pro forma basis as of June 30, 2026, the combined company would have approximately $289 million of book value, $534 million of total assets and $604 million of total loan commitments across 14 portfolio loans, with existing Sunrise stockholders owning about 62% and former SRT stockholders about 38%.
The deal is supported by voting agreements covering roughly 28% of Sunrise and 32% of SRT shares, and certain SRT holders have agreed to a 120-day lock-up on their new Sunrise shares. SRT’s external manager will waive any termination fee and fund a special distribution, while Sunrise’s management agreement will be amended to reduce the incentive fee rate from 20% to 17.5%, cut the hurdle rate from 8% to 7% and provide a $1.0 million management fee waiver over four quarters. The merger agreement includes customary covenants, REIT-related tax opinions, a Go-Shop followed by no-shop restrictions and reciprocal termination rights with termination payments in specified circumstances.
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 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. 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.
Sunrise Realty Trust, Inc. furnished an Item 2.02 Form 8-K noting it issued a press release with financial and operational results for the quarter ended September 30, 2025.
The press release is attached as Exhibit 99.1 and is furnished, not filed, under the Exchange Act.
Sunrise Realty Trust, Inc. entered an Equity Distribution Agreement on August 13, 2025 with Sunrise Manager LLC and Raymond James & Associates to offer and sell shares of its common stock having an aggregate offering price of up to $50,000,000. The shares may be sold in "at-the-market" transactions under Rule 415(a)(4) through Raymond James, which will use commercially reasonable efforts consistent with its normal sales and trading practices to sell shares as directed by the Company. The Company will pay a sales commission not to exceed 2.0% of gross sales price for shares sold through the Sales Agent. Shares, if sold, will be issued under the Company’s Form S-3 registration statement (No. 333-289188) and related prospectus dated August 6, 2025, as supplemented August 13, 2025. The filing references an attached Equity Distribution Agreement (Exhibit 1.1) and a legal opinion from Venable LLP (Exhibit 5.1).