Sunrise Realty Trust, Inc. Announces Financial Results for the Third Quarter 2026
Globe Newswire•10/11/2026•17:28 ET
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Key Highlights
- ➤Q3 GAAP net income $2.9 million, or $0.21 per share
- ➤Q3 Distributable Earnings $3.2 million, or $0.24 per share
- ➤SUNS completed Southern Realty Trust merger on November 5, 2026
- ➤Q3 common dividend $0.30 per share exceeded Distributable Earnings of $0.24
- ➤CEO cites larger platform, broader sourcing, and greater transaction capacity
Expert Statements
Brian Sedrish, Chief Executive Officer of Sunrise Realty Trust
“Completing our merger with Southern Realty Trust gives us a larger, more efficient platform, which we believe will enhance our competitiveness by improving our access to attractive back leverage and broadening our transaction sourcing. Our expanded capital base also allows us to pursue larger transactions while maintaining our focus on portfolio diversification. We head into 2027 with the balance sheet flexibility to be selective at a time when borrowers need structured capital.”
Third quarter 2026 GAAP net income of $2.9 million or $0.21 per basic weighted average common share and Distributable Earnings(()(1)()) of $3.2 million or $0.24 per basic weighted average common share
WEST PALM BEACH, Fla., Nov. 10, 2026 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. (Nasdaq: SUNS) (“SUNS” or the “Company”), a lender on the Tannenbaum Capital Group (“TCG”) Real Estate platform, today announced its results for the quarter ended September 30, 2026.
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