secwatch.observer — SEC 8-K summary
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Issuer:     Sunrise Realty Trust, Inc. (SUNS)
CIK:        0002012706
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0002012706-24-000016
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sunrise Realty Trust reports Q3 2024 net income of $1.7M; closes $87.4M in deals, secures $50M credit facility
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- GAAP net income $1.7M ($0.26/share); Distributable Earnings $1.9M ($0.27/share) for Q3 2024.
- Closed $87.4M in deals during Q3; $1.2B pipeline in Southern U.S. states.
- New $50M revolving credit facility (expandable to $200M) with East West Bank at SOFR+2.75%, matures Nov 2027.
- Paid Q3 dividend of $0.21/share; declared Q4 dividend of $0.42/share payable Jan 15, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2012706/000201270624000016/0002012706-24-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2012706/000201270624000016/suns-20241107.htm
  HTML page:      https://secwatch.observer/filing/0002012706-24-000016

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