Earnings ·
Reports Q3 GAAP net income of $2.9M, or $0.21 per share
SUNSSunrise Realty Trust, Inc.
Sunrise Realty Trust reported third-quarter 2026 GAAP net income of $2.9 million, or $0.21 per basic weighted average common share, and Distributable Earnings of $3.2 million, or $0.24 per share. The results include approximately 6 cents per share in one-time merger-related expenses. On November 5, the company completed its previously announced merger with Southern Realty Trust Inc., an affiliated private mortgage REIT. For the quarter ended September 30, the company paid a cash dividend of $0.30 per common share on October 15 and issued a prorated cash dividend of $0.09 per share to stockholders following the merger completion. The company expects its Board to declare a fourth-quarter dividend covering November through December in the ordinary course. Sunrise Realty Trust is an institutional commercial real estate lender providing flexible financing solutions to sponsors of CRE projects primarily in the Southern United States.