Business
Sunrise Realty Trust, Inc. Announces Financial Results for the First Quarter 2025
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 weighte
About this update from Sunrise Realty Trust, Inc.
[{"type":"image","alt":"Sunrise Realty Trust, Inc.","displaySize":"","headline":null,"caption":"Sunrise Realty Trust, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":170,"url":"https://media.zenfs.com/en/globenewswire.com/96badd4c1f35447df6ae001fd8281555"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/3YnF3RayMZKXb6VYMzLwlA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTIzODtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/96badd4c1f35447df6ae001fd8281555","width":300,"height":170}},"lazy":false},{"type":"text","content":"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 share","length":194,"tagName":"p"},{"type":"text","content":"WEST 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.","length":188,"tagName":"p"},{"type":"text","content":"SUNS reported generally accepted accounting principles (“GAAP”) net income of $3.1 million or $0.27 per basic weighted average common share and Distributable Earnings of $3.5 million or $0.31 per basic weighted average common share for the first quarter of 2025.","length":262,"tagName":"p"},{"type":"text","content":"Brian Sedrish, Chief Executive Officer, said, “SUNS entered 2025 with a strong balance sheet and a portfolio comprised of recently originated, performing loans, enabling the Company to continue to remain on offense as it seeks to originate attractive, commercial real estate loans across the Southern United States, with an emphasis on residential and mixed-use assets. With a significant number of transitional lenders remaining preoccupied with their legacy loan books, and conventional lenders continuing to remain conservative, the conditions remain attractive for SUNS to capitalize on this market environment.”","length":616,"tagName":"p"},{"type":"text","content":"Common Stock Dividend","length":21,"tagName":"p"},{"type":"text","content":"On April 15, 2025, the Company paid a cash dividend of $0.30 per common share for the first quarter of 2025. SUNS distributed $4.0 million in dividends, or $0.30 per common share, compared to Distributable Earnings of $0.31 per basic weighted average common share fo...