Sunrise Realty Trust reports Q3 EPS 27c vs 0c last year

“Our strong performance this quarter highlights the continued momentum we’ve maintained since our listing as an independent, public company,” said Brian Sedrish, the Company’s Chief Executive Officer. “In the third quarter, we successfully closed $87.4 million in deals, and subsequent to quarter-end, we strengthened our capital structure with a new revolving credit facility with East West Bank, which provides an initial commitment of $50 million and can be expanded to up to $200 million in borrowing capacity. This facility enhances our flexibility to capitalize on our robust $1.2 billion pipeline, positioning us to drive long-term value for our shareholders while expanding our presence in key Southern U.S. states.”