Sunrise Realty Trust, Inc. Announces Financial Results for the First Quarter 2025

Core Viewpoint - Sunrise Realty Trust, Inc. reported a GAAP net income of $3.1 million or $0.27 per basic weighted average common share for the first quarter of 2025, alongside Distributable Earnings of $3.5 million or $0.31 per share, indicating a stable financial performance in a favorable market environment for commercial real estate lending [1][2]. Financial Performance - The company achieved a GAAP net income of $3.1 million for Q1 2025, translating to $0.27 per basic weighted average common share [1][2]. - Distributable Earnings for the same period were reported at $3.5 million, or $0.31 per basic weighted average common share [1][2]. - A cash dividend of $0.30 per common share was paid on April 15, 2025, totaling $4.0 million in dividends distributed [4]. Market Position and Strategy - The CEO highlighted that SUNS entered 2025 with a strong balance sheet and a portfolio of performing loans, positioning the company to capitalize on attractive commercial real estate loan opportunities, particularly in residential and mixed-use assets across the Southern United States [3]. - The current market conditions are favorable for SUNS, as many transitional lenders are focused on legacy loan books, allowing SUNS to pursue new lending opportunities [3]. Guidance and Future Outlook - The company anticipates generating Distributable Earnings close to $0.30 per share for the first two quarters of 2025, based on the deployment of capital from its January 2025 equity offering [5]. - The company maintains its guidance for the second quarter of 2025, although this estimate is subject to change [5]. Additional Information - SUNS has made available an investor presentation titled "First Quarter 2025 Investor Presentation" on its website, along with its Quarterly Report on Form 10-Q filed with the SEC [6]. - A conference call to discuss financial results was scheduled for May 7, 2025, allowing interested parties to participate and gain further insights into the company's performance [8].