Highest-materiality recent filing
Sunrise Realty shareholders reelect Sedrish and Fagan; ratify CohnReznick as auditor
Brian Sedrish re-elected with 6,979,466 For, 106,356 Withheld, 3,244,091 broker non-votes.
GAAP net income of $4.3M ($0.32 per basic share); Distributable Earnings of $4.7M ($0.35 per basic share).
Q4 2025 GAAP net income of $1.6M ($0.12 per basic share); Distributable Earnings of $3.5M ($0.27 per share).
Sunrise Realty Trust expands credit facility to $165M, adds Customers Bank as lender
Amendment to Loan and Security Agreement increases revolver by $25M to $165M total.
Sunrise Realty Trust Q3 GAAP net income $4.05M ($0.30/sh); Distributable Earnings $0.31/sh
GAAP net income of $4.05M ($0.30 per basic share) for Q3 2025.
Sunrise Realty signs $50M at-the-market equity distribution agreement with Raymond James
Entered equity distribution agreement for at-the-market sales of up to $50M of common stock.
GAAP net income of $3.4M, or $0.25 per basic weighted average common share for Q2 2025.
Sunrise Realty Trust shareholders reelect directors, ratify auditor at annual meeting
Leonard Tannenbaum reelected with 7,165,575 for, 510,615 withheld, 3,834,670 broker non-votes.
Sunrise Realty Trust expands credit facility to $140M with $50M commitment from EverBank
EverBank commits $50M; total revolver commitments rise to $140M.
Amendment to Loan and Security Agreement dated May 16, 2025; increases commitments by $40M to $90M total.
Sunrise Realty Trust Q1 GAAP net income $3.1M ($0.27/sh), Distributable Earnings $0.31/sh
Distributable Earnings (non-GAAP) of $3.5M or $0.31 per basic share.
SUNS prelim distributable earnings $0.30-$0.32/sh for Q1 2025; book value $13.60-$13.90
Preliminary Q1 distributable EPS $0.30–$0.32 vs $0.30 in Q4 2024; BV/share estimated $13.60–$13.90.
Sunrise Realty Q4 GAAP net income $1.9M; declares $0.30 dividend
Q4 2024 GAAP net income $1.9M ($0.27 EPS); Distributable Earnings $2.0M ($0.30 EPS).
Sunrise Realty Trust prices upsized 5.75M share offering at $12.00 for $69M gross proceeds
Offering of 5,750,000 shares at $12.00/share; gross proceeds of ~$69M.
Sunrise Realty Trust launches underwritten public offering of 5.5M shares
Offering of 5,500,000 shares of common stock, plus 825,000 share overallotment option for underwriters.
Unsecured revolving credit facility of $75M from SRT Finance LLC, indirectly owned by Executive Chairman Leonard Tannenbaum and President Robyn Tannenbaum.
GAAP net income $1.7M ($0.26/share); Distributable Earnings $1.9M ($0.27/share) for Q3 2024.
Sunrise Realty Trust enters $50M unsecured revolving credit facility with related party
$50M unsecured revolver with SRT Finance LLC, owned by Executive Chairman and President and family.
SUNS declares $0.21 partial Q3 and $0.42 Q4 dividends; portfolio $119.6M commitments
Spin-off finalized July 9, making SUNS a pure-play CRE lender focused on the Southern US.
Sunrise Realty Trust completes spin-off from AFC Gamma; begins trading on Nasdaq under ticker SUNS
AFC Gamma completed spin-off of SUNS on July 9, 2024; record date July 8, 2024.
Sunrise Realty Trust begins trading on Nasdaq after spin-off from AFC Gamma
SUNS common stock begins when-issued trading on July 9, 2024 under symbol SUNSV; regular way trading starts July 10 under SUNS.
Sunrise Realty Trust announces spin-off from AFC Gamma, expects Nasdaq listing July 9
Distribution of 1 SUNS share per 3 AFC Gamma shares; record date July 8, distribution July 9.
elected the following four directors (in addition to Mr. Tannenbaum who continues to serve as Executive Chairman of SUNS): Brian Sedrish, who also serves as SUNS’ Chief Executive Officer, Alexander Frank, who serves as Lead Independent Director, Jodi Hanson Bond and James Fagan.
elected the following four directors (in addition to Mr. Tannenbaum who continues to serve as Executive Chairman of SUNS): Brian Sedrish, who also serves as SUNS’ Chief Executive Officer, Alexander Frank, who serves as Lead Independent Director, Jodi Hanson Bond and James Fagan.
elected the following four directors (in addition to Mr. Tannenbaum who continues to serve as Executive Chairman of SUNS): Brian Sedrish, who also serves as SUNS’ Chief Executive Officer, Alexander Frank, who serves as Lead Independent Director, Jodi Hanson Bond and James Fagan.
• Leonard Tannenbaum, Executive Chairman;
elected the following four directors (in addition to Mr. Tannenbaum who continues to serve as Executive Chairman of SUNS): Brian Sedrish, who also serves as SUNS’ Chief Executive Officer, Alexander Frank, who serves as Lead Independent Director, Jodi Hanson Bond and James Fagan.
• Robyn Tannenbaum, President.
• Brian Sedrish, Chief Executive Officer;
• Brandon Hetzel, Chief Financial Officer and, for purposes of Section 16 and filings with the Securities and Exchange Commission, Principal Accounting Officer;
Max materiality 0.85 · Median 0.60 · Most common event earnings