Mergers & Acquisitions ·
Sunrise Realty Trust completes merger with Southern Realty Trust, issuing 8.5M shares and $0.05 cash per share
SUNSSunrise Realty Trust, Inc.
Sunrise Realty Trust completed its merger with Southern Realty Trust on November 5, 2026. Each SRT share converted into 1.45 shares of Sunrise common stock plus $0.05 in cash from the manager. The transaction resulted in 8,464,975 new shares issued, bringing total outstanding shares to 21,980,826. Former SRT shareholders now hold approximately 38.5% of the combined entity. Pro forma metrics as of June 30, 2026, show $534 million in total assets and $604 million in loan commitments across 14 portfolio loans. The company also amended its management agreement to reduce incentive fees and base fees temporarily.