Sunrise Realty Trust (SUNS) Q1 2025 Earnings Call May 07, 2025 10:00 AM ET Speaker0 Thank you for standing by. My name is Kate, and I will be your conference operator today. At this time, I would like to welcome everyone to the Sunrise Realty Trust Q1 twenty twenty five Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer Thank you. I would now like to turn the call over to Gabriel Katz, Chief Legal Officer. Pleas ...

NASDAQ:SUNS | INVESTOR PRESENTATION N A S D A Q : S U N S | I N V E S T O R P R E S E N T A T I O N A TCG Company D I S C L A I M E R S Some of the statements contained in this presentation constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and we intend such statements to be covered by the safe harbor provisions contained therein. Such forward-looking statements are based on the current intent, belief, expectations and views of future events o ...

Financial Results - Sunrise Realty Trust, Inc. announced preliminary financial results for Q1 2025 on April 22, 2025[4] - The press release detailing financial results is included as Exhibit 99.1[6] Company Classification - The company is classified as an emerging growth company under the Securities Act of 1933[3]

First quarter 2025 GAAP net income of $3.1 million or $0.27 per basic weighted average common share and Distributable Earnings(1) of $3.5 million or $0.31 per basic weighted average common shareWEST PALM BEACH, Fla., May 07, 2025 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. (NASDAQ:SUNS) (“SUNS” or the “Company”) today announced its results for the quarter ended March 31, 2025. SUNS reported generally accepted accounting principles (“GAAP”) net income of $3.1 million or $0.27 per basic weighted average co ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-41971 SUNRISE REALTY TRUST, INC. (Exact name of registrant as specified in its charter) (561) 530-3315 (Registrant's te ...

SUNS distributes its earnings releases via its website and email lists. Those interested in receiving firm updates by email can sign up for them here. WEST PALM BEACH, Fla., April 15, 2025 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. ("SUNS" or "the Company") (NASDAQ:SUNS), a lender on the Tannenbaum Capital Group ("TCG") Real Estate platform, today announced that it will release its financial results for the first quarter ended March 31, 2025 on Wednesday, May 7th, 2025 before market open. Management wil ...

WEST PALM BEACH, Fla., March 18, 2025 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. ("SUNS" or the "Company") (NASDAQ:SUNS), a lender on the Tannenbaum Capital Group ("TCG") Real Estate platform, today announced that it closed on a $46.5 million commitment to a $62.0 million senior loan originated by the TCG Real Estate platform to refinance The Bohéme, a Class-A Multifamily asset in Dallas, TX ("Bohéme" or "Property"), with $44.3 million of the SUNS commitment funded at closing. The remaining $15.5 millio ...

A TCG Company S U N S | I N V E S T O R P R E S E N T A T I O N S U N S | I N V E S T O R P R E S E N T A T I O N March 6, 2025 D I S C L A I M E R S Some of the statements contained in this presentation constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and we intend such statements to be covered by the safe harbor provisions contained therein. Such forward-looking statements are based on the current intent, belief, expectations and views of f ...

Financial Data and Key Metrics Changes - For Q4 2024, the company generated distributable earnings of $0.30 per weighted average share of common stock, with a GAAP net income of $1.9 million or $0.27 per share [10][28] - The total assets as of December 31, 2024, were $317.5 million, and total shareholder equity was $114.1 million, resulting in a book value of $16.29 per share [30] - The company ended the fiscal year with $190.9 million of current commitments and $132.6 million of principal outstanding across nine loans [29] Business Line Data and Key Metrics Changes - The TCG real estate platform originated $538 million of loans in FY 2024, with SUNS committing $220 million and funding $162 million [12] - As of March 1, 2025, the SUNS portfolio consisted of $259.3 million of current commitments and $162.1 million of principal outstanding across ten loans, with a weighted average portfolio yield to maturity of 12.4% [29][30] - 83% of the loan commitments are in Florida and Texas, with a focus on residential and mixed-use assets [20][22] Market Data and Key Metrics Changes - The TCG real estate platform has an active pipeline of $1.4 billion, indicating strong market opportunities in the southern US [14][23] - The company is pursuing opportunities in southern states like Georgia, South Carolina, and Tennessee, in addition to Florida and Texas [21] Company Strategy and Development Direction - The company aims to maintain a dividend consistent with the earnings power of the business over the medium term, with a focus on high-quality assets in growing markets [11][22] - The strategy includes leveraging local market expertise and strong relationships to provide appropriately leveraged loans for short to medium-term needs [26] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about the demand for real estate credit, particularly in transitional commercial real estate projects, as short-term interest rates are expected to remain elevated [16][22] - The visibility for earnings growth is expected to improve significantly in 2026 due to the timing of loan fundings and the quality of loans originated [65][66] Other Important Information - The company successfully completed an equity raise of approximately $77 million, which is expected to enhance liquidity and access to financing [14] - Management has agreed to waive at least $1 million of future fees to mitigate earnings drag as equity and debt capital are deployed [15] Q&A Session Summary Question: Interest expense and debt profile - The interest expense was lower than modeled due to investments being deployed later in December, with the Swiss bank line drawn at year-end and fully repaid after the equity raise [33][35] Question: Pipeline mix and deployment timeline - The expectation is to maintain a significant portion of the portfolio in senior loans, with a potential full deployment of capital by the third quarter, although full earnings impact may not be realized until 2026 [45][49] Question: Dividend strategy and future growth - The dividend is set conservatively at $0.30, with expectations to gradually increase it over time, depending on the pace of earnings growth [59][62] Question: Management and incentive fee waivers - Management fees and incentive fees are expected to be waived in the first quarter, contributing to the $1 million waiver discussed [76][78] Question: Credit line expansion - The company plans to expand its credit line towards the $200 million capacity, with no significant barriers anticipated for senior leverage [81][85]

Sunrise Realty Trust, Inc. (NASDAQ:SUNS) Q4 2024 Earnings Call March 6, 2025 10:00 AM ET Company Participants Gabriel Katz - Chief Legal Officer Leonard Tannenbaum - Executive Chairman Brian Sedrish - Chief Executive Officer Brandon Hetzel - Chief Financial Officer Conference Call Participants Randy Binner - B. Riley Securities Stephen Laws - Raymond James Jade Rahmani - KBW Gaurav Mehta - Alliance Global Partners Operator Hello and welcome to Sunrise Realty Trust fourth quarter and full year 2024 earnings ...