Quarterly ResultAug 6, 2026, 07:35 AM
Sunrise Realty Trust Q2 Net Income $3.1M; Distributable EPS $0.29
AI Summary
Sunrise Realty Trust reported GAAP net income of $3.1 million, or $0.23 per share, and Distributable Earnings of $3.9 million, or $0.29 per share, for the second quarter of 2026. The company's Distributable Earnings for the first six months of 2026 ($0.65 per share) exceeded the dividends declared ($0.60 per share) over the same period. CEO Brian Sedrish highlighted a resilient portfolio, all current loans, and the full repayment of an investment, positioning the company for selective deployment of capital.
Key Highlights
- GAAP net income for Q2 2026 was $3.1 million.
- GAAP net income per basic weighted average common share was $0.23 for Q2 2026.
- Distributable Earnings for Q2 2026 were $3.9 million.
- Distributable Earnings per basic weighted average common share were $0.29 for Q2 2026.
- The Company paid a cash dividend of $0.30 per common share for Q2 2026.
- Distributable Earnings of $0.65 per share for H1 2026 exceeded dividends of $0.60 per share.
- All loans remained current, and an investment in Panther National was fully repaid.
Price Impact
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