Sunrise Realty Trust, Inc. ( (SUNS) ) has released its Q4 earnings. Here is a breakdown of the information Sunrise Realty Trust, Inc. presented to its investors.
Sunrise Realty Trust, Inc. is an institutional commercial real estate lender that provides flexible financing solutions to sponsors of commercial real estate projects in the Southern United States, focusing on transitional business plans with opportunities for near-term value creation.
Sunrise Realty Trust, Inc. recently announced its financial results for the fourth quarter and the full year of 2024, showcasing a solid performance with notable earnings and strategic commitments. The company reported a GAAP net income of $1.9 million for the fourth quarter and $6.9 million for the entire year, alongside distributable earnings of $2.0 million and $7.2 million, respectively.
Key financial highlights include the company’s commitment to $75.0 million in deals during the fourth quarter, with an additional $74.8 million committed after the quarter ended. The company declared a regular cash dividend of $0.30 per common share for the first quarter of 2025, reflecting its ongoing commitment to delivering shareholder value.
Looking ahead, Sunrise Realty Trust, Inc. remains focused on expanding its presence in key Southern U.S. markets, leveraging its momentum as an independent public company to drive long-term value for its shareholders. The management’s outlook suggests continued strategic growth and value creation in the commercial real estate sector.