Sunrise Realty Trust, Inc. · NASDAQ:SUNS
Sunrise Realty Trust — Q1 2025 Earnings Presentation
20 slides from Sunrise Realty Trust's earnings presentation, May 7, 2025
Slide 1: Investor Presentation
NASDAQ:SUNS | INVESTOR PRESENTATION A TCG Company
Slide 2: Disclaimers
NASDAQ: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
Slide 3: Disclaimers: Important Notices
NASDAQ: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 p
Slide 4: Company Overview
NASDAQ:SUNS | INVESTOR PRESENTATION COMPANY OVERVIEW Company Overview By the Numbers 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 ~ % $ the Southern United States Current Divid
Slide 5: Investment Highlights
NASDAQ:SUNS | INVESTOR PRESENTATION INVESTMENT HIGHLIGHTS 1 with no legacy ~$47.6 billion of CRE deals sourced by SUNS Manager and its affiliates since October IDEAL 2023, only pursuing ~1.5% of deals sourced(1) assets in the VINTAGE portfolio First investments closed in Q1 2024 and a robust ~$8
Slide 6: Management Team
NASDAQ: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+ Y
Slide 7: Market Opportunity: Why CRE Debt Today
NASDAQ:SUNS | INVESTOR PRESENTATION MARKET OPPORTUNITY Sunrise Realty Trust is pursuing an immediately actionable opportunity with a targeted geographical focus Why CRE Debt Today(1) Why the Southern U.S.(1) High Rates & Inflation Population & Employment Migration The increase in construction, insur
Slide 8: Typical Capital Structure in 2019 vs H1 2025
NASDAQ: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)
Slide 9: Select Southern Cities Outpacing on Employment Growth
NASDAQ: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 Growt
Slide 10: Investment Process: Sourcing & Origination
NASDAQ: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 invest
Slide 11: Investment Process: Market, Business Plan, Target
NASDAQ: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 locat
Slide 12: Active Pipeline: Multiple Origination Channels
NASDAQ: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 Origina
Slide 13: Portfolio Summary
NASDAQ:SUNS | INVESTOR PRESENTATION PORTFOLIO SUMMARY As of 5/1/2025; 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 loa
Slide 14: Portfolio Composition by Current Loan Commitments
NASDAQ:SUNS | INVESTOR PRESENTATION PORTFOLIO COMPOSITION SUNS’ portfolio primarily consists of senior floating-rate loans allocated to the residential sector in Florida and Texas, and the team plans to continue expanding the loan book across our target states while broadly maintaining current secto
Slide 15: Key Takeaways
NASDAQ: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. Opportunity Strategy Ability Objective Two Converging Trends Right Time,
Slide 16: Q1 2025
NASDAQ:SUNS | Q1 2025 INVESTOR PRESENTATION 16 A TCG Company
Slide 17: First Quarter 2025 Results: Balance Sheet
NASDAQ:SUNS | INVESTOR PRESENTATION FIRST QUARTER 2025 RESULTS As of March 31, 2025 December 31, 2024 (unaudited) Assets Loans held for investment at carrying value, net $ 230,494,191 $ 130,733,630 Current expected credit loss reserve (13,713) (21,782) Loans held for investment at carrying value, ne
Slide 18: First Quarter 2025 Results: Income Statement
NASDAQ:SUNS | INVESTOR PRESENTATION FIRST QUARTER 2025 RESULTS Unaudited Three months ended March 31, 2025 2024 Revenue Interest income $ 4,958,523 $ 2,026,306 Interest expense (336,159) – Net interest income 4,622,364 2,026,306 Expenses Management and incentive fees – – General and administrative e
Slide 19: First Quarter 2025 Results: Distributable Earnings
NASDAQ:SUNS | INVESTOR PRESENTATION FIRST QUARTER 2025 RESULTS Three months ended March 31, 2025 2024 Net income $ 3,099,437 $ 1,762,345 Adjustments to net income: Stock-based compensation expense 243,621 – Depreciation and amortization – – Unrealized (gains) losses, or other non-cash items – – Prov
Slide 20: ir@sunriserealtytrust.com
A TCG Company ir@sunriserealtytrust.com www.SunriseRealtyTrust.com