Quarterly ResultMay 14, 2026, 07:41 AM

Sunrise Realty Trust Q1 Net Income $4.3M; Distributable Earnings $4.7M

AI Summary

Sunrise Realty Trust announced its financial and operational results for the first quarter ended March 31, 2026. The company reported GAAP net income of $4.3 million, or $0.32 per basic weighted average common share, and Distributable Earnings of $4.7 million, or $0.35 per basic weighted average common share. Additionally, Sunrise Realty Trust paid a cash dividend of $0.30 per common share for the first quarter, totaling $4.1 million. Management highlighted an increase in attractive pipeline opportunities for financing transitional business plans.

Key Highlights

Q1 2026 GAAP net income was $4.3 million, or $0.32 per basic weighted average common share.
Q1 2026 Distributable Earnings reached $4.7 million, or $0.35 per basic weighted average common share.
Distributable Earnings per share increased to $0.35 in Q1 2026 from $0.31 in Q1 2025.
A cash dividend of $0.30 per common share for Q1 2026 was paid on April 15, 2026.
Total dividends distributed for Q1 2026 amounted to $4.1 million.
Management sees an increase in attractive pipeline opportunities for transitional business plans.
The company remains focused on building a diversified loan portfolio across geographies, asset classes, and borrowers.

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SUNS

Real Estate Investment Trusts

Sunrise Realty Trust, Inc.

Price Impact