Sunrise Realty Trust (SUNS) Company Report

Southern Realty Trust Inc. (SRT), a private mortgage REIT affiliated with Sunrise Realty Trust, Inc. (Nasdaq: SUNS) through the TCG Real Estate Platform, has committed $21 million of a $69 million B-note.
This commitment is part of a larger $406 million financing package used for the refinancing of a 15-property portfolio of Graduate by Hilton hotels.
The borrower for this transaction is AJ Capital Partners.
An affiliate on the TCG Real Estate Platform holds the remaining $48 million of the B-note.

Feb 19, 2026, 1:00 PM

Press Release

Sunrise Realty Trust Commits $48 Million to Hotel Portfolio Refinancing

SUNS

New Projects/Investments

Debt Issuance

Sunrise Realty Trust (SUNS) committed $48 million of a $69 million B-note for the refinancing of a 15-property portfolio of Graduate by Hilton hotels.
The total refinancing package for the project was $406 million, which included a $337 million A-note held by a third-party lender.
The portfolio comprises 15 full-service, upscale hotels located in major university markets across the U.S., aligning with the borrower's (AJ Capital Partners) strategy of investing in university-anchored lodging.
SUNS CEO Brian Sedrish stated the transaction exemplifies the company's ability to identify compelling opportunities in markets with captive demand and limited new supply, supporting their mission to finance transitional CRE projects.

Feb 18, 2026, 1:00 PM

Press Release

Sunrise Realty Trust Announces Senior Bridge Loan for Ranch Acquisition

SUNS

New Projects/Investments

Sunrise Realty Trust (SUNS) originated, closed, and exited a $14.0 million commitment to a $21.6 million senior bridge loan.
This loan financed the acquisition of the western portion (11,000 acres) of Silver Mountain Ranch in Huerfano County, Colorado, by JW Cattle Ranch LLC from The Nature Conservancy.
The loan was structured as a short-term bridge facility of up to six months, intended to finance the expansion to a larger contiguous parcel of approximately 15,000 acres.
SUNS' CEO, Brian Sedrish, highlighted that the transaction provides attractive, risk-adjusted returns for shareholders due to its strong credit profile and contractually secured exit strategy.

Feb 4, 2026, 1:00 PM

Press Release

Sunrise Realty Trust Reports Q3 2025 Earnings and Portfolio Growth

SUNS

Earnings

Dividends

Debt Issuance

For the third quarter ended September 30, 2025, Sunrise Realty Trust (SUNS) generated distributable earnings of $0.31 per share and GAAP net income of $0.30 per share, covering its $0.30 dividend.
As of September 30, 2025, SUNS had $367 million of current commitments and $253 million of principal outstanding across 13 loans. By November 3, 2025, the portfolio grew to $421.1 million of current commitments and $295.2 million of principal outstanding across 16 loans, with a weighted average portfolio yield to maturity of approximately 11.8%.
The company reported a conservative leverage of approximately 0.4 times as of September 30, 2025, with a target of 1 to 1.5 times, significantly below the peer average, and focuses on originating transitional loans primarily in the southern United States.
SUNS is actively exploring preferred or unsecured debt offerings in the current or next quarter to enhance financing, emphasizing a strategy to avoid repo or warehouse lines to maintain lower leverage.

Nov 13, 2025, 3:00 PM

Transcript

Sunrise Realty Trust Reports Q3 2025 Earnings and Portfolio Growth

SUNS

Earnings

New Projects/Investments

Debt Issuance

Sunrise Realty Trust (SUNS) generated distributable earnings of $0.31 per share for the third quarter ended September 30, 2025, which covered its $0.30 per share dividend. The company also reported net interest income of $6.1 million and GAAP net income of $4.05 million, or $0.30 per basic weighted average common share, for the same period.
As of September 30, 2025, SUNS had $367 million of current commitments and $253 million of principal outstanding across 13 loans. By November 3, 2025, the portfolio grew to $421.1 million of current commitments and $295.2 million of principal outstanding across 16 loans, with a weighted average portfolio yield to maturity of 11.8%.
The company's leverage stood at approximately 0.4 times as of September 30, 2025, which is substantially below its targeted 1-1.5 times, as SUNS aims to achieve an investment-grade rating. SUNS is exploring a preferred or unsecured debt offering in the near future, with an estimated cost around 8%, as part of its financing strategy, preferring this over repo or warehouse lines.
SUNS' investment strategy focuses on transitional loans primarily in the southern U.S., with 95% of its loans being floating rate and an average SOFR floor of 4%, which could lead to additional income as SOFR drops. The Executive Chairman, Leonard Tannenbaum, who is the company's largest shareholder, continues to make frequent share purchases.

Nov 13, 2025, 3:00 PM

Transcript

SUNS Reports Q3 2025 Earnings and Portfolio Growth

SUNS

Earnings

Dividends

New Projects/Investments

For the third quarter ended September 30, 2025, Sunrise Realty Trust (SUNS) generated distributable earnings of $0.31 per share of common stock, which covered its $0.30 dividend.
As of September 30, 2025, SUNS had $367 million of current commitments and $253 million of principal outstanding across 13 loans, with these figures increasing to $421.1 million in commitments and $295.2 million of principal outstanding across 16 loans by November 3, 2025. The portfolio's weighted average yield to maturity was approximately 11.8% as of November 3, 2025.
The company's leverage was approximately 0.4 times as of September 30, 2025, which is substantially below its targeted leverage of 1-1.5 times, as SUNS aims to achieve an investment-grade rating within the next three to five years.
SUNS is actively expanding its pipeline, with two signed non-binding term sheets totaling approximately $170 million in documentation, and is exploring a preferred or unsecured debt offering for future financing.

Nov 13, 2025, 3:00 PM

Transcript

Sunrise Realty Trust Reports Q3 2025 Results

SUNS

Earnings

Dividends

New Projects/Investments

Sunrise Realty Trust (SUNS) reported net income of $4,054,959 and diluted earnings per common share of $0.30 for the three months ended September 30, 2025.
As of September 30, 2025, the company's total assets were $258,831,482 and total shareholders' equity was $184,611,571.
The company's current commitments stand at $421 million, with a portfolio of 16 investments primarily consisting of ~94% senior loans and ~62% residential assets, yielding an approximate 11.8% Yield to Maturity as of November 3, 2025.
SUNS has secured an East West Bank-led credit line of up to $200 million, with $140 million committed to the line as of Q3 2025, an increase from $50 million in Q1.
SUNS is an institutional lender to commercial real estate in the Southern U.S., intending to elect REIT status for the taxable year ended December 31, 2024, and targets a portfolio net internal rate of return in the low-teens.

Nov 13, 2025, 3:00 PM

Presentation

Sunrise Realty Trust Announces Third Quarter 2025 Financial Results

SUNS

Earnings

Dividends

New Projects/Investments

Sunrise Realty Trust (SUNS) reported a GAAP net income of $4.05 million or $0.30 per basic weighted average common share for the third quarter of 2025.
The company's Distributable Earnings for the third quarter of 2025 were $4.12 million or $0.31 per basic weighted average common share.
A cash dividend of $0.30 per common share for the third quarter of 2025 was paid on October 15, 2025.
CEO Brian Sedrish stated the company remains focused on originating loans to borrowers of transitional real estate assets primarily in the Southern United States, aiming to deliver a consistent and stable dividend, diversify its portfolio, and utilize efficiently priced financing for prudent growth.

Nov 13, 2025, 12:33 PM

Press Release

Sunrise Realty Trust Commits $30 Million to Houston Retail Property Refinancing

SUNS

New Projects/Investments

Debt Issuance

Sunrise Realty Trust (SUNS) has committed $30.0 million to a $45.0 million senior bridge loan for the refinancing of a 7-story Class-A retail property in the Galleria sector of Houston, Texas.
The loan was originated by TCG Real Estate, with affiliated lenders on the TCG Real Estate platform committing the remaining $15.0 million.
The Project, located at the intersection of Houston’s Galleria and River Oaks areas, is 100% fully-leased to high-end establishments including Park House Houston, Ciel Restaurant, and Fountain Life Longevity Center.

Oct 27, 2025, 12:00 PM

Press Release

Sunrise Realty Trust, Inc. Commits to Senior Loan for CollectionSuites Projects

SUNS

New Projects/Investments

Debt Issuance

Sunrise Realty Trust, Inc. (SUNS) committed $25.6 million to a $36.6 million senior loan commitment for the financing of CollectionSuites, an industrial-for-sale development located in Doral and Palm Springs, Florida.
The senior loan commitment was originated by TCG Real Estate, with affiliated lenders on the TCG Real Estate platform committing the remaining $11.0 million.
The Project Sponsor, JMF Consulting, is developing CollectionSuites as luxury industrial real estate featuring 21-foot ceilings, showroom-style layouts, and private clubhouses.