WEST PALM BEACH, Fla., June 24, 2025 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. (“SUNS”) (Nasdaq: SUNS), a lender on the Tannenbaum Capital Group (“TCG”) Real Estate platform, today announced that it will release its financial results for the second quarter ending June 30, 2025 on Thursday, August 7th, 2025 before market open. Management will review SUNS’ financial results at 10:00 am ET via webcast available on the Investor Relations website at ir.sunriserealtytrust.com. Participants are also invited t ...

Core Points - Sunrise Realty Trust, Inc. (SUNS) declared a quarterly dividend of $0.30 per share for the quarter ending June 30, 2025, consistent with the previous quarter's dividend [2] - The dividend will be payable on July 15, 2025, to stockholders of record as of June 30, 2025 [2] - SUNS operates as an institutional commercial real estate lender, focusing on transitional CRE projects in the Southern United States [3] Company Overview - Sunrise Realty Trust, Inc. is a lender on the TCG Real Estate platform, providing flexible financing solutions primarily for transitional commercial real estate projects [3][4] - The company targets top-tier assets in established and rapidly growing Southern markets, aiming for near-term value creation [3][4] TCG Real Estate - TCG Real Estate comprises affiliated CRE-focused debt funds, including SUNS and Southern Realty Trust Inc., which provide financing for transitional CRE properties [4] - The focus is on properties that present opportunities for near-term value creation, particularly in Southern U.S. markets benefiting from economic growth [4]

WEST PALM BEACH, Fla., May 29, 2025 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. (“SUNS” or the “Company”) (Nasdaq: SUNS), a lender on the TCG Real Estate platform, today announced the expansion of its senior secured revolving credit facility (the “Credit Facility”) with the addition of EverBank, N.A. (“EverBank”). EverBank has committed $50 million to the facility, bringing total committed capital to $140 million. The Credit Facility, originally established with East West Bancorp, Inc. (“East West Bank”) ...

TCG Real Estate refers to a group of affiliated CRE-focused debt funds, including a Nasdaq-listed mortgage REIT, Sunrise Realty Trust, Inc. (Nasdaq: SUNS), and a private mortgage REIT, Southern Realty Trust Inc. The funds provide flexible financing on transitional CRE properties that present opportunities for near-term value creation, with a focus on top-tier CRE assets located primarily within markets in the Southern U.S. benefitting from economic tailwinds with growth potential. WEST PALM BEACH, Fla., May ...

Sunrise Realty Trust (SUNS) Q1 2025 Earnings Call May 07, 2025 10:00 AM ET Company Participants Gabriel Katz - Chief Legal Officer & SecretaryLeonard Tannenbaum - Founder and Executive ChairmanBrian Sedrish - CEOBrandon Hetzel - CFO & TreasurerRandy Binner - Managing DirectorJade Rahmani - Managing DirectorTyler Batory - Executive Director Conference Call Participants Gaurav Mehta - Managing Director, Senior Equity Research Analyst & Real Estate and Financials Operator Thank you for standing by. My name is ...

Sunrise Realty Trust (SUNS) Q1 2025 Earnings Call May 07, 2025 10:00 AM ET Speaker0 Thank you for standing by. My name is Kate, and I will be your conference operator today. At this time, I would like to welcome everyone to the Sunrise Realty Trust Q1 twenty twenty five Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer Thank you. I would now like to turn the call over to Gabriel Katz, Chief Legal Officer. Pleas ...

NASDAQ:SUNS | INVESTOR PRESENTATION N A S D A Q : S U N S | I N V E S T O R P R E S E N T A T I O N A TCG Company D I S C L A I M E R S Some of the statements contained in this presentation constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and we intend such statements to be covered by the safe harbor provisions contained therein. Such forward-looking statements are based on the current intent, belief, expectations and views of future events o ...

First quarter 2025 GAAP net income of $3.1 million or $0.27 per basic weighted average common share and Distributable Earnings(1) of $3.5 million or $0.31 per basic weighted average common shareWEST PALM BEACH, Fla., May 07, 2025 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. (NASDAQ:SUNS) (“SUNS” or the “Company”) today announced its results for the quarter ended March 31, 2025. SUNS reported generally accepted accounting principles (“GAAP”) net income of $3.1 million or $0.27 per basic weighted average co ...

[Part I. Financial Information](index=4&type=section&id=Part%20I.%20Financial%20Information) [Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) The company reported a net income of **$3.1 million** for Q1 2025, with significant loan portfolio growth to **$230.5 million** funded by a **$71.4 million** stock offering [Consolidated Balance Sheets](index=4&type=section&id=Balance%20Sheets) Total assets decreased to **$234.4 million** due to cash deployment into loans, while shareholders' equity increased to **$184.8 million** following a stock issuance Consolidated Balance Sheet Highlights (unaudited) | Account | March 31, 2025 (USD) | December 31, 2024 (USD) | | :--- | :--- | :--- | | **Assets** | | | | Loans held for investment, net | $230,480,478 | $130,711,848 | | Cash and cash equivalents | $1,642,780 | $184,626,770 | | **Total assets** | **$234,442,565** | **$317,535,780** | | **Liabilities** | | | | Line of credit payable | $43,200,000 | $123,840,000 | | Line of credit payable to affiliate | $0 | $75,000,000 | | **Total liabilities** | **$49,634,467** | **$203,398,033** | | **Shareholders' Equity** | | | | **Total shareholders' equity** | **$184,808,098** | **$114,137,747** | [Consolidated Statements of Operations](index=5&type=section&id=Statements%20of%20Operations) Net income increased to **$3.1 million** for Q1 2025, driven by a significant rise in interest income to **$5.0 million** from an expanded loan portfolio Consolidated Statements of Operations Highlights (unaudited) | Metric | Three months ended March 31, 2025 (USD) | Three months ended March 31, 2024 (USD) | | :--- | :--- | :--- | | Interest income | $4,958,523 | $2,026,306 | | Net interest income | $4,622,364 | $2,026,306 | | Total expenses | $1,405,279 | $263,961 | | **Net income** | **$3,099,437** | **$1,762,345** | | Diluted earnings per share | $0.27 | $0.26 | [Consolidated Statement of Cash Flows](index=7&type=section&id=Statement%20of%20Cash%20Flows) Cash and cash equivalents decreased by **$183.0 million** due to significant cash usage in investing activities for new loans and financing activities for credit facility repayments Cash Flow Summary (unaudited) | Activity | Three months ended March 31, 2025 (USD) | Three months ended March 31, 2024 (USD) | | :--- | :--- | :--- | | Net cash from operating activities | $(914,591) | $1,117,808 | | Net cash from investing activities | $(95,727,807) | $(46,414,144) | | Net cash from financing activities | $(86,341,592) | $14,400,000 | | **Net decrease in cash** | **$(182,983,990)** | **$(30,896,336)** | [Notes to the Financial Statements](index=8&type=section&id=Notes%20to%20the%20Financial%20Statements) Notes detail the company's spin-off, REIT election intent, loan portfolio growth to **$230.5 million**, and a **$71.4 million** stock offering - The company was spun-off from Advanced Flower Capital Inc. ("AFC") on July 9, 2024, becoming an independent, publicly traded company focused on commercial real estate (CRE) debt investments in the Southern United States[19](index=19&type=chunk)[22](index=22&type=chunk) - The company intends to elect to be taxed as a REIT for the taxable year ending December 31, 2024[21](index=21&type=chunk)[76](index=76&type=chunk) - In January 2025, the company completed a public offering of **6.4 million** shares of common stock, raising total net proceeds of approximately **$71.4 million**[63](index=63&type=chunk) - For Q1 2025, the Manager waived Base Management Fees of **$568,790** and Incentive Fees of **$298,306**[88](index=88&type=chunk)[89](index=89&type=chunk) - A regular cash dividend of **$0.30 per share**, totaling approximately **$4.0 million**, was declared on March 4, 2025[98](index=98&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=23&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the company's focus on CRE loan origination, significant portfolio growth in Q1 2025, and a net income of **$3.1 million** with **$3.5 million** in Distributable Earnings - The company focuses on originating secured CRE loans of **$15-100 million** with 2-5 year durations, targeting a portfolio net IRR in the low-teens and an expected leverage ratio of **1.5:1** debt-to-equity[114](index=114&type=chunk) - In Q1 2025, the company originated several new loans, including a **$30.8 million** commitment in Aventura, FL, a **$44.0 million** commitment in New Orleans, LA, and a **$46.5 million** commitment in Dallas, TX[117](index=117&type=chunk)[118](index=118&type=chunk)[121](index=121&type=chunk) Reconciliation of GAAP Net Income to Distributable Earnings | Metric | Three months ended March 31, 2025 (USD) | Three months ended March 31, 2024 (USD) | | :--- | :--- | :--- | | Net income | $3,099,437 | $1,762,345 | | Adjustments | $361,269 | $0 | | **Distributable earnings** | **$3,460,706** | **$1,762,345** | | Distributable earnings per basic share | $0.31 | $0.26 | - Book value per share was approximately **$13.77** as of March 31, 2025, compared to **$16.29** as of December 31, 2024[133](index=133&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=33&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company faces interest rate, credit, and real estate market risks, with **89%** of its loan portfolio having floating rates and a **$2.1 million** estimated annual interest income increase from a 100 bps rate hike - As of March 31, 2025, **89%** of the company's loan portfolio had floating interest rates, primarily tied to SOFR[143](index=143&type=chunk)[182](index=182&type=chunk) - A hypothetical **100 basis point** increase in the floating benchmark rate would increase annual interest income by approximately **$2.1 million**; a **100 basis point** decrease would reduce annual interest income by approximately **$0.4 million**, limited by interest rate floors[182](index=182&type=chunk) - The loan portfolio is concentrated, with the top three borrowers accounting for **41.9%** of the aggregate outstanding principal balance as of March 31, 2025[190](index=190&type=chunk) [Controls and Procedures](index=35&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of March 31, 2025, with no material changes to internal control over financial reporting during the quarter - The CEO and CFO concluded that the company's disclosure controls and procedures were effective as of the end of the period covered by the report[192](index=192&type=chunk) - No changes in internal control over financial reporting occurred during the quarter that have materially affected, or are reasonably likely to materially affect, these controls[193](index=193&type=chunk) [Part II. Other Information](index=36&type=section&id=Part%20II.%20Other%20Information) [Legal Proceedings](index=36&type=section&id=Item%201.%20Legal%20Proceedings) The company was not subject to any material legal proceedings as of March 31, 2025 - The company reports no material legal proceedings as of March 31, 2025[194](index=194&type=chunk) [Risk Factors](index=36&type=section&id=Item%201A.%20Risk%20Factors) No material changes to risk factors were reported, except for a new risk concerning U.S. tariff regulations impacting construction costs and real estate asset values - A new risk factor was noted regarding U.S. tariff regulations, which could adversely affect borrowers and the value of real estate assets, particularly due to tariffs on foreign goods used in construction[195](index=195&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=36&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company reported no unregistered sales or repurchases of its equity securities during the three months ended March 31, 2025 - There were no unregistered sales of equity securities during the quarter[196](index=196&type=chunk) - The company did not repurchase any of its Common Stock during the quarter[197](index=197&type=chunk) [Defaults Upon Senior Securities](index=36&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) The company reported no defaults upon its senior securities - None[198](index=198&type=chunk) [Mine Safety Disclosures](index=36&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - Not applicable[199](index=199&type=chunk) [Other Information](index=36&type=section&id=Item%205.%20Other%20Information) The company reported no other information for this item - None[200](index=200&type=chunk) [Exhibits](index=37&type=section&id=Item%206.%20Exhibits) This section lists all exhibits filed with the Form 10-Q, including agreements related to spin-off, management, credit facilities, and officer certifications

Financial Results - Sunrise Realty Trust, Inc. announced preliminary financial results for Q1 2025 on April 22, 2025[4] - The press release detailing financial results is included as Exhibit 99.1[6] Company Classification - The company is classified as an emerging growth company under the Securities Act of 1933[3]