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    Jay Ramani • Keefe, Bruyette & Woods

    Jade (Jay) Rehmani is an Analyst at Keefe, Bruyette & Woods, specializing in research coverage of real estate finance companies such as Claros Mortgage Trust Inc. With a focus on mortgage REITs and related financials, Rehmani regularly participates in earnings calls and provides actionable investment insights. He has established a reputation for in-depth asset valuation analysis and liquidity guidance, supporting client and investor decision-making within the firm’s financial services coverage group. His professional credentials include active securities registration and a robust track record of contributing to high-value transactions in public market equities within his specialty.

    Jay Ramani's questions to Sunrise Realty Trust Inc (SUNS) leadership

    Jay Ramani's questions to Sunrise Realty Trust Inc (SUNS) leadership • Q4 2024

    Question

    Jay Ramani of KBW asked about the dividend strategy, specifically if the $0.30 dividend was set conservatively with plans to increase it. He also questioned what drives the improved earnings visibility for 2026 and requested origination guidance for the upcoming quarters.

    Answer

    Executive Chairman Leonard Tannenbaum explained that the $0.30 dividend is aligned with expected Q1 earnings and should grow over time, though the pace is uncertain. He attributed the strong 2026 visibility to delayed-funding construction loans originated in the 'peak vintage' of 2024. Tannenbaum declined to provide specific origination forecasts, citing the complexity introduced by potential back-leverage financing.

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