Sunrise Realty Trust, Inc.
Business
Sunrise Realty Trust, Inc. is a Maryland-incorporated REIT that originates and invests in secured commercial real estate loans and debt securities. The company provides senior mortgage loans, mezzanine loans, B-notes, commercial mortgage-backed securities, and preferred equity securities collateralized by residential, retail, office, hospitality, industrial, and mixed-use real estate. SUNS focuses investments in the Southern U.S. and is externally managed by Sunrise Manager LLC.
Summary from 10-K filed 2026-03-12
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 |
|---|---|---|---|
| Interest income | 26 | 11 | |
| Interest expense | −5 | −216,268 | |
| Net interest income | 22 | 11 | |
| Management and incentive fees | 2 | 815,301 | |
| General and administrative expenses | 3 | 1 | |
| Stock-based compensation | 1 | 338,404 | |
| Professional fees | 1 | 1 | |
| Total expenses | 7 | 4 | |
| Provision for current expected credit losses | −2 | −40,180 | |
| Net income before income taxes | 12 | 7 | |
| Income tax expense | 0 | 0 | |
| Net income | 12 | 7 | |
| Basic (in dollars per share) | 0.93 | 1.01 | |
| Diluted (in dollars per share) | 0.93 | 1 | |
| Basic (in shares) | 13 | 7 | |
| Diluted (in shares) | 13 | 7 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2023 2023-08-31 |
|---|---|---|---|---|---|
| Loans held for investment at carrying value, net | 303 | 131 | — | — | |
| Current expected credit loss reserve | −2 | −21,782 | 0 | — | |
| Loans held for investment at carrying value, net of current expected credit loss reserve | 301 | 131 | 0 | — | |
| Cash and cash equivalents | 6 | 185 | 31 | — | |
| Interest receivable | 2 | 1 | 0 | — | |
| Prepaid expenses and other assets | 735,230 | 1 | 0 | — | |
| Total assets | 310 | 318 | 31 | — | |
| Accrued interest | 730,644 | 131,617 | 0 | — | |
| Dividends payable | 4 | 3 | 0 | — | |
| Current expected credit loss reserve | 178,066 | 18,398 | 0 | — | |
| Accrued management and incentive fees | 692,716 | 393,063 | 0 | — | |
| Accrued direct administrative expenses | 282,296 | 715,574 | 0 | — | |
| Accounts payable and other liabilities | 355,865 | 357,417 | 10,000 | — | |
| Total liabilities | 128 | 203 | 10,000 | — | |
| Commitments and contingencies (Note 7) | — | — | — | — | |
| Preferred stock, par value $0.01 per share, 10,000 shares authorized at December 31, 2025 and 2024 and 0 shares issued and outstanding at December 31, 2025 and 2024, respectively | 0 | 0 | 0 | — | |
| Common stock, par value $0.01 per share, 50,000,000 shares authorized at December 31, 2025 and 2024 and 13,420,986 and 7,004,676 shares issued and outstanding at December 31, 2025 and 2024, respectively | 134,210 | 70,047 | 0 | — | |
| Additional paid-in capital | 187 | 115 | 0 | — | |
| Accumulated (deficit) earnings | −5 | −954,334 | 0 | — | |
| Total shareholders' equity | 182 | 114 | 31 | 0 | |
| Total liabilities and shareholders' equity | 310 | 318 | 31 | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 |
|---|---|---|---|
| Amortization of deferred financing costs | 477,989 | 41,455 | |
| Accretion of deferred loan original issue discount and premium, net | −1 | −263,102 | |
| Stock-based compensation | 1 | 326,904 | |
| Interest drawn on loans | −17 | −5 | |
| PIK interest | −45,722 | 0 | |
| Interest receivable | −1 | −1 | |
| Prepaid expenses and other assets | 445,998 | −530,818 | |
| Accrued interest | 599,027 | 131,617 | |
| Accrued management and incentive fees | 299,653 | 393,063 | |
| Accrued direct administrative expenses | −433,278 | 715,574 | |
| Accounts payable and other liabilities | −3,749 | 347,417 | |
| Net cash (used in) provided by operating activities | −3 | 2 | |
| Issuance of and fundings on loans | −205 | −158 | |
| Principal repayment of loans | 52 | 33 | |
| Net cash used in investing activities | −153 | −125 | |
| Net transfers and distributions from (to) Former Parent | 0 | 80 | |
| Proceeds from sale of common stock | 73 | 0 | |
| Payment of offering costs - equity offering | −2 | 0 | |
| Payment of financing costs | −600,616 | −569,238 | |
| Borrowings on revolving credit facilities | 214 | 249 | |
| Repayment of revolving credit facilities | −291 | −50 | |
| Dividends paid to common shareholders | −15 | −1 | |
| Net cash (used in) provided by financing activities | −22 | 277 | |
| Net (decrease) increase in cash and cash equivalents | −178 | 153 | |
| OID withheld from funding of loans | 2 | 2 | |
| Offering costs included in accounts payable and other liabilities | 2,197 | 0 | |
| Interest paid during the period | 4 | 43,197 | |
| Income taxes paid during the period | 0 | 0 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Sunrise Realty Trust, Inc.'s CIK number?
Sunrise Realty Trust, Inc.'s SEC CIK number is 0002012706 (2012706). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Sunrise Realty Trust, Inc.'s SEC filings?
All of Sunrise Realty Trust, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Sunrise Realty Trust, Inc. last report earnings?
Sunrise Realty Trust, Inc. (SUNS) most recently filed an earnings 8-K with the SEC on May 14, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-034796). This is Sunrise Realty Trust, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Sunrise Realty Trust, Inc.'s most recent earnings 8-K?
Sunrise Realty Trust, Inc.'s latest earnings 8-K (Item 2.02) was filed May 14, 2026 under accession 0001628280-26-034796. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Sunrise Realty Trust, Inc.'s latest earnings 8-K →
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