Sunrise Realty Trust, Inc. · NASDAQ:SUNS
Sunrise Realty Trust — Q4 2024 Earnings Presentation
20 slides from Sunrise Realty Trust's earnings presentation, Mar 6, 2025
Slide 1: SUNS Investor Presentation
SUNS | INVESTOR PRESENTATION A TCG Company March 6, 2025
Slide 2: Disclaimers
SUNS | INVESTOR PRESENTATION DISCLAIMERS 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 therei
Slide 3: Important Notices
SUNS | INVESTOR PRESENTATION DISCLAIMERS Important Notices This presentation is by Sunrise Realty Trust, Inc. (“SUNS” or the “Company”), a publicly-traded company that intends to elect REIT status for federal income tax purposes commencing with the taxable year ended December 31, 2024. This presenta
Slide 4: Company Overview and By the Numbers
SUNS | INVESTOR PRESENTATION SUNS OVERVIEW Company Overview By the Numbers(1) Sunrise Realty Trust (NASDAQ: SUNS) is an SUNS KEY METRICS institutional lender that originates and funds loans to sponsors of commercial real estate projects in ~$ M ~ % $ Dividend Pro Forma Book the Southern United Sta
Slide 5: Investment Highlights
SUNS | INVESTOR PRESENTATION INVESTMENT HIGHLIGHTS 1 with no legacy ~$40.7 billion of CRE deals sourced by SUNS Manager and its affiliates since October IDEAL 2023, only pursuing ~1.8% of deals sourced(1) assets in the VINTAGE portfolio First investments closed in Q1 2024 and robust ~$1.4 billio
Slide 6: Management Team
SUNS | INVESTOR PRESENTATION MANAGEMENT TEAM LEONARD BRIAN BRANDON ROBYN GABRIEL JAMES TANNENBAUM SEDRISH HETZEL TANNENBAUM KATZ VELGOT Executive Chief Executive Chief Financial Chief Legal Chief Marketing President Chairman Officer, Director Officer Officer Officer 30+ YEARS EXPERIENCE 25+ YEARS EX
Slide 7: Why CRE Debt Today, Why the Southern U.S.
SUNS | INVESTOR PRESENTATION MARKET OPPORTUNITY Sunrise Realty Trust is pursuing an immediately actionable opportunity with a targeted geographical focus Why CRE Debt Today Why the Southern U.S. High Rates & Inflation • Population & Employment Migration TCG REAL ESTATE | feb-25 board presentation Th
Slide 8: Typical Capital Structure in 2019 vs Q1 2025
SUNS | INVESTOR PRESENTATION MARKET OPPORTUNITY Due to elevated interest rates and regional banks pulling back from the market, pricing for the types of transactions that SUNS intends to focus on has increased, while the attachment and detachment loan-to-cost ratios (“LTCs”) have decreased(1)(2) Typ
Slide 9: Strong Population & Employment Growth in the South
SUNS | INVESTOR PRESENTATION MARKET OPPORTUNITY COVID had a material impact on U.S. migration patterns, with the Southern U.S. benefiting from increased population and employment growth, which in select key Southern cities is outpacing the rest of the U.S. Strong Population & Employment Growth(1) Se
Slide 10: Emphasizing Credit Discipline and Risk Management Throughout the Investment Lifecycle
SUNS | INVESTOR PRESENTATION INVESTMENT PROCESS Continuous communication across the company from deal sourcing through portfolio management SOURCING & LOAN SELECTION STRUCTURING PORTFOLIO ORIGINATION & UNDERWRITING & CLOSING MANAGEMENT Maintains a direct Employs a disciplined The investment co
Slide 11: Patient Approach to Investing: Market, Business Plan, Target Transaction, Sponsor
SUNS | INVESTOR PRESENTATION INVESTMENT PROCESS SUNS takes a patient approach to investing, targeting opportunities with clear potential for value creation that meet a defined set of investment criteria Market Supply constrained markets with recognizable demand drivers POSITIVE Superior location wit
Slide 12: Active Pipeline and Multiple Origination Channels
SUNS | INVESTOR PRESENTATION ACTIVE PIPELINE SUNS’ relationship with its Manager coupled with its focus on key growth markets in the Southern United States continues to provide access to a robust and attractive investment pipeline, originated through a multi-channel network Multiple Origination Chan
Slide 13: Portfolio Summary
SUNS | INVESTOR PRESENTATION PORTFOLIO SUMMARY As of 3/1/2025; In $ millions unless otherwise noted Property Project Funding Loan Current % of Total Principal Cash Int. Fixed / Yield to (1) (2) Type Location Date Maturity Commitment Portfolio Balance Rate Floating Maturity Senior mortgage loans: Res
Slide 14: Portfolio Composition
SUNS | INVESTOR PRESENTATION PORTFOLIO COMPOSITION SUNS’ portfolio primarily consists of senior floating-rate loans allocated to the residential sector in Florida and Texas – in the near-term, the team plans to expand the loan book across its target states while broadly maintaining current sector ex
Slide 15: Key Takeaways
SUNS | INVESTOR PRESENTATION KEY TAKEAWAYS The Right Leadership Sunrise Realty Trust is positioned to The Right Market Opportunity take advantage of converging trends The Right Strategy favoring CRE in the Southern U.S. Two Converging Trends Right Time, Place and Sunrise Realty Trust is Targeting Eq
Slide 16: Q4 & Full Year Investor Presentation
SUNS | Q4 & FULL YEAR INVESTOR PRESENTATION 16 A TCG Company
Slide 17: Q4 and Full Year Results: Balance Sheet
SUNS | INVESTOR PRESENTATION Q4 AND FULL YEAR RESULTS As of December 31, 2024 2023 ASSETS Loans held for investment at carrying value, net $ 130,733,630 $ — Current expected credit loss reserve (21,782) — Loans held for investment at carrying value, net of current expected credit loss reserve 130,71
Slide 18: Q4 and Full Year Results: Income Statement
SUNS | INVESTOR PRESENTATION Q4 AND FULL YEAR RESULTS Year Ended Period from August 28, December 31, 2024 2023 to December 31, 2023 Revenue Interest income $ 10,844,718 $ 244,742 Interest expense (216,268) — Net interest income 10,628,450 244,742 Expenses Management and incentive fees 815,301 — Gene
Slide 19: Q4 and Full Year Results: Distributable Earnings
SUNS | INVESTOR PRESENTATION Q4 AND FULL YEAR RESULTS Three months ended Year ended December 31, 2024 December 31, 2024 Net income $ 1,853,970 $ 6,868,421 Adjustments to net income: Stock-based compensation expense 178,265 338,404 Depreciation and amortization — — Unrealized (gains) losses, or other
Slide 20: Investor Relations Contact
A TCG Company ir@sunriserealtytrust.com www.SunriseRealtyTrust.com