Sunrise Realty Trust, Inc.

Sunrise Realty Trust, Inc. reported Q2 2026 GAAP net income of $3.1 million, or $0.23 per basic share, and Distributable Earnings of $3.9 million, or $0.29 per basic share. The company paid a cash dividend of $0.30 per common share for the quarter. CEO Brian Sedrish highlighted a resilient portfolio with all loans current and the full repayment of the Panther National investment, positioning the company for selective deployment of capital.

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.

Sunrise Realty Trust, Inc. (SUNS) and Southern Realty Trust Inc. (SRT) have entered into a definitive merger agreement. Under the terms, SRT will merge into a wholly-owned subsidiary of SUNS, with each SRT common stock share converting into 1.45 shares of SUNS common stock and $0.05 cash. The transaction aims to create a larger, more efficient commercial real estate lending platform, expecting to enhance stockholder value through increased margin, broader index inclusion, and improved trading liquidity. The combined entity is projected to have approximately $534 million in total assets and $604 million in loan commitments, with the merger anticipated to close in Q4 2026.

Sunrise Realty Trust, Inc. (SUNS) and Southern Realty Trust Inc. (SRT) have entered into a definitive merger agreement, under which SUNS will acquire SRT. The merger consolidates two transitional commercial real estate lenders, creating a larger, more efficient public company with enhanced earnings potential. On a pro forma basis as of June 30, 2026, the combined entity would have approximately $604 million in total loan commitments and $534 million in total assets. The deal is expected to enhance stockholder value through increased margin, broader index inclusion, improved trading liquidity, and more efficient leverage, alongside reduced management fees.

Sunrise Realty Trust, Inc. announced the full repayment of a credit facility for Panther National, a luxury golf and residential community. The company received $31.6 million from a senior term loan and $23.8 million from a home construction revolver, totaling $55.4 million. This repayment demonstrates the execution of their transitional commercial real estate lending strategy and provides additional capacity for future investments.

Sunrise Realty Trust, Inc. announced that it will release its financial results for the second quarter ended June 30, 2026, on Thursday, August 6, 2026, before market open. Management will host a webcast at 10:00 am ET to review the results, accessible via the company's Investor Relations website. A replay of the event will be available an hour after its conclusion.

Sunrise Realty Trust, Inc. announced a quarterly dividend of $0.30 per outstanding share of common stock for the quarter ending June 30, 2026. This dividend is payable on July 15, 2026, to stockholders of record as of June 30, 2026. The declared dividend amount is in line with the dividend paid for the first quarter.

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.

Sunrise Realty Trust reported strong financial performance for the first quarter of 2026, with net income and basic earnings per share showing significant year-over-year growth, primarily driven by a substantial increase in interest income. The company also strategically resolved a high-risk loan by foreclosing on the underlying collateral and contributing it to a newly formed unconsolidated real estate joint venture. Additionally, Sunrise Realty Trust expanded its Revolving Credit Facility, enhancing its borrowing capacity.

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.