Sunrise Realty Trust, Inc. Earnings Per Share Disclosure
| Years ended December 31, | |||||||||||
| 2025 | 2024 | ||||||||||
| Net income | $ | 12,142,409 | $ | 6,868,421 | |||||||
| Dividends paid on unvested restricted stock | (248,458) | (26,091) | |||||||||
| Net income attributable to common shareholders | 11,893,951 | 6,842,330 | |||||||||
| Divided by: | |||||||||||
| Basic weighted average shares of common stock outstanding | 12,742,894 | 6,800,841 | |||||||||
| Weighted average unvested restricted stock | 31,434 | 34,956 | |||||||||
| Diluted weighted average shares of common stock outstanding | 12,774,328 | 6,835,797 | |||||||||
| Basic earnings per common share | $ | 0.93 | $ | 1.01 | |||||||
| Diluted earnings per common share | $ | 0.93 | $ | 1.00 | |||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 12, 2026 | Showing above |
| 2024 | Mar 6, 2025 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.