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SUNS

Sunrise Realty Trust, Inc.

SUNS

Sunrise Realty Trust, Inc. • NASDAQ
$10.05 ▼ -0.40% (-0.04)
Market Cap $134.88 M
52w High $15.70
52w Low $7.80
Dividend Yield 1.32%
P/E 9.22
Volume 29.26K
Outstanding Shares 13.42M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $6.25M ▼ $2.195M ▲ $4.055M ▲ 64.879% ▲ $0.3 ▲ $5.494M ▲
Q2-2025 $6.753M ▲ $1.622M ▲ $3.358M ▲ 49.733% ▼ $0.25 ▼ $3.358M ▲
Q1-2025 $4.959M ▲ $1.523M ▲ $3.099M ▲ 62.507% ▲ $0.28 ▲ $3.099M ▲
Q4-2024 $3.445M ▲ $1.198M ▲ $1.854M ▲ 53.819% ▼ $0.27 ▲ $1.854M ▲
Q3-2024 $3.178M $1.017M $1.738M 54.705% $0.26 $1.738M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $5.547M ▼ $258.831M ▲ $74.22M ▲ $184.612M ▲
Q2-2025 $5.572M ▲ $256.488M ▲ $72.166M ▲ $184.323M ▼
Q1-2025 $1.643M ▼ $234.443M ▼ $49.634M ▼ $184.808M ▲
Q4-2024 $184.627M ▲ $317.536M ▲ $203.398M ▲ $114.138M ▲
Q3-2024 $70.171M $167.835M $55.696M $112.139M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $4.055M ▲ $-656.263K ▼ $3.315M ▲ $-2.683M ▼ $-24.253K ▼ $-656.26K ▼
Q2-2025 $3.358M ▲ $-322.747K ▲ $-13.146M ▲ $17.398M ▲ $3.929M ▲ $-322.747K ▲
Q1-2025 $3.099M ▲ $-914.591K ▲ $-95.728M ▼ $-86.342M ▼ $-182.984M ▼ $-914.591K ▲
Q4-2024 $1.854M ▲ $-1.045M ▼ $-31.316M ▲ $146.816M ▲ $114.456M ▲ $-1.045M ▼
Q3-2024 $1.738M $-513.105K $-56.305M $115.704M $58.886M $-513.105K

Five-Year Company Overview

Income Statement

Income Statement Sunrise’s reported income statement suggests a very young company that has moved quickly from essentially no activity to showing positive earnings. Revenue and profit both appear to have stepped up sharply in the latest year, with earnings per share swinging from almost negligible to meaningfully positive. That pattern is typical of a business that has just started deploying capital and closing its first set of deals, rather than a mature REIT with a long, steady track record. The apparent profitability is a positive signal, but it rests on a very short operating history, so it is hard to judge how sustainable these early results are through a full real estate and interest-rate cycle. Overall, the income statement looks clean and promising, but it is still “proof of concept” rather than evidence of long-term, cycle-tested performance.

Balance Sheet

Balance Sheet The balance sheet shows a company that has scaled up quickly over a short period. Total assets and cash have grown significantly, indicating that Sunrise has raised capital and started to build its portfolio. At the same time, the introduction of debt means the business is beginning to use leverage, as is common for mortgage REITs. Equity has increased, suggesting fresh capital and early retained value, but the firm is now balancing a growing loan book with a rising debt load. The presence of a solid cash position is a comfort, yet the combination of new leverage and limited history means balance sheet quality will depend heavily on how well its loans perform as conditions change in the Southern commercial real estate market. In short, Sunrise has moved from a tiny footprint to a more meaningful balance sheet, but investors are still seeing the first chapter of how safely that capital will be deployed.

Cash Flow

Cash Flow The cash flow disclosures here are extremely limited, with no meaningful operating or free cash flow detail shown yet. That makes it difficult to assess how well earnings convert into actual cash, how stable those cash inflows might be, and how comfortably Sunrise can support dividends and interest payments over time. For a mortgage REIT, cash flow quality is critical, because the business model depends on predictable interest income from loans versus funding costs. With so little historical cash flow data, the current view is more about structure and intentions than demonstrated performance. Going forward, consistency between reported earnings and recurring cash generation, especially through different credit and rate environments, will be an important thing to watch.

Competitive Edge

Competitive Edge Sunrise is positioning itself as a specialist lender rather than a broad, all-purpose real estate investor. Its focus is on transitional commercial properties in the Southern United States—projects that are being repositioned, redeveloped, or stabilized. This niche often allows for higher yields but comes with more project-specific risk. Its competitive strengths center on: - A tight geographic focus on high-growth Southern markets, where population and business trends are favorable. - An experienced external manager with deep lending and credit expertise. - A relationship-driven sourcing model, which can bring in deals that are not widely shopped. - A “clean slate” portfolio with no legacy problem loans from prior cycles. The flip side is concentration risk: dependence on one region, one type of lending (transitional and bridge-style), and an external manager. Sunrise also operates in a competitive field that includes banks, private credit funds, and larger REITs, all of which can pressure pricing and deal terms, especially when markets are flush with capital. Overall, its edge lies more in specialization, relationships, and discipline than in scale or brand power—advantages that can be meaningful but also need to be defended carefully over time.

Innovation and R&D

Innovation and R&D Sunrise is not a technology-driven or research-heavy company in the traditional sense; as a mortgage REIT, it does not rely on large R&D budgets or proprietary software platforms to compete. Its “innovation” is more about structure and approach than about lab-style research: - Offering flexible financing structures (senior loans, mezzanine debt, preferred equity) tailored to transitional projects. - Moving more quickly and creatively than conventional banks on complex or time-sensitive deals. - Leveraging the experience and relationships of its external manager to underwrite nuanced real estate situations. Public materials do not highlight advanced tech tools for underwriting or risk management today, but there is room for Sunrise to add more data and analytics capabilities over time. For now, its edge is primarily human-driven: expertise, discipline, and relationships rather than technology or formal R&D.

Summary

Sunrise Realty Trust is an early-stage, niche mortgage REIT that has ramped up fast. The company has moved from minimal activity to positive earnings and a much larger balance sheet in a short period, backed by a strong cash position and the first use of debt financing. Its core strengths are a clear strategic focus on transitional commercial real estate in high-growth Southern markets, an experienced external manager, relationship-based deal sourcing, and a clean portfolio without legacy issues. These factors give Sunrise a focused and potentially agile profile versus more diversified, slower-moving peers. Key uncertainties stem from its very short operating history, concentrated geographic and asset focus, reliance on an external manager, and the natural exposure of mortgage REITs to credit quality and interest rate swings. The limited visibility into cash flow patterns makes it harder to judge long-term durability and dividend capacity at this stage. Overall, Sunrise looks like a targeted, specialist lender that is still in the early proof-of-concept phase as a public REIT. Its future performance will likely hinge on disciplined underwriting, how it manages leverage as it grows, and how resilient its niche strategy proves across different real estate and rate environments.

NEWS

November 13, 2025 · 7:33 AM UTC

Sunrise Realty Trust, Inc. Announces Financial Results for the Third Quarter 2025

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October 27, 2025 · 8:00 AM UTC

Sunrise Realty Trust Commits $30.0 Million to a $45.0 Million Senior Bridge Loan to Refinance a Premier Retail Property in Houston, TX

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October 20, 2025 · 8:00 AM UTC

Sunrise Realty Trust, Inc. and Tannenbaum Capital Group Provide Senior Loan Financing for CollectionSuites Projects in Florida

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October 7, 2025 · 8:00 AM UTC

Sunrise Realty Trust Schedules Earnings Release and Conference Call for the Third Quarter Ended September 30, 2025

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October 1, 2025 · 8:00 AM UTC

Southern Realty Trust Announces Dividend for the Third Quarter 2025

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