Sunrise Realty Trust, Inc. reported GAAP net income of $3.1 million ($0.23 per share) and Distributable Earnings of $3.9 million ($0.29 per share) for the quarter ended June 30, 2026. The company paid a cash dividend of $0.30 per common share on July 15, 2026, totaling $4.1 million distributed to shareholders. Distributable Earnings exceeded dividends through the first six months of 2026, and all loans remain current following the repayment of an investment in Panther National. The company operates as a commercial real estate lender providing flexible financing solutions for transitional projects primarily in the Southern United States.

Sunrise Realty Trust, Inc. announced a definitive merger agreement with Southern Realty Trust Inc., under which SRT will merge into a Sunrise subsidiary. Each SRT share converts to 1.45 shares of Sunrise common stock plus $0.05 cash from the manager. The transaction consolidates two commercial real estate lending platforms, creating a combined entity with approximately $604 million in loan commitments and $534 million in total assets as of June 30, 2026. Sunrise will issue roughly 8.4 million new shares, resulting in former SRT stockholders owning about 38% of the combined company. The merger is expected to close in the fourth quarter of 2026, subject to stockholder approvals and other conditions. This transaction significantly alters the capital structure and operational scale of a commercial real estate lending REIT.