Sunrise Realty Trust, Inc.(US:SUNS)2025-05-07 12:06Company Overview - Sunrise Realty Trust (SUNS) is an institutional lender focused on commercial real estate projects in the Southern United States[12] - The management team has structured over $21 billion in CRE and credit transactions[12] - SUNS targets a portfolio net internal rate of return (IRR) in the low-teens[12] Portfolio Composition - As of May 1, 2025, total current commitments were approximately $352 million[52] - Residential assets comprise approximately 71% of the portfolio[52] - Approximately 88% of the portfolio consists of senior loans[55] - Approximately 12% of the portfolio consists of subordinate loans[55] - The portfolio's weighted average yield to maturity is approximately 12.1%[51] Market Opportunity - The company sourced approximately $47.6 billion of CRE deals since October 2023, pursuing approximately 1.5% of deals sourced[13] - The company has an active pipeline of approximately $800 million[13] - Over $2 trillion in CRE loans maturing by the end of 2027 create opportunity for SUNS to scale quickly[13] Financial Performance (Q1 2025) - Net income for the three months ended March 31, 2025, was $3099437, or $027 per common share[62] - Distributable earnings for the three months ended March 31, 2025, were $3460706, or $031 per basic weighted average share[63]