Quarterly ResultMay 14, 2026, 07:35 AM
Sunrise Realty Trust Q1 Net Income $4.3M, EPS $0.32; Distributable EPS $0.35; Dividend $0.30
AI Summary
Sunrise Realty Trust 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 for the first quarter of 2026. The company also paid a cash dividend of $0.30 per common share for the quarter. CEO Brian Sedrish highlighted an increase in attractive pipeline opportunities for financing transitional business plans, emphasizing a focus on building a diversified loan portfolio.
Key Highlights
- GAAP net income for Q1 2026 was $4.3 million.
- GAAP EPS for Q1 2026 was $0.32 per basic weighted average common share.
- Distributable Earnings for Q1 2026 reached $4.7 million.
- Distributable EPS for Q1 2026 was $0.35 per basic weighted average common share, up from $0.31 in Q1 2025.
- The company paid a cash dividend of $0.30 per common share for Q1 2026.
- Total dividends distributed amounted to $4.1 million.
- CEO noted an increase in attractive pipeline opportunities for transitional business plans.