Sunrise Realty Trust (NASDAQ:SUNS) Announces Earnings Results, Beats Estimates By $0.06 EPS

Sunrise Realty Trust (NASDAQ:SUNS - Get Free Report) released its earnings results on Thursday. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.29 by $0.06, FiscalAI reports. Sunrise Realty Trust had a net margin of 54.82% and a return on equity of 8.31%. The firm had revenue of $10.27 million for the quarter, compared to analysts' expectations of $6.18 million.

Here are the key takeaways from Sunrise Realty Trust's conference call:

• Sunrise Realty Trust reported distributable earnings of $0.35 per share in Q1 2026, which covered its $0.30 dividend. Management said results benefited from loan fees, new deal closings, and repayments that allowed capital to be recycled at attractive returns.
• The portfolio remained fully current and performing, with $397.1 million of commitments and $299.3 million of principal outstanding across 15 loans at quarter-end. As of May 8, the portfolio had $380.2 million of commitments across 14 loans, with a weighted average yield to maturity of about 12.4%.
• The company continued to emphasize its focus on transitional real estate loans in growing Southern markets, where it believes it can structure deals better than lenders chasing stabilized assets. Management said this niche is creating a strong pipeline and should benefit as more bridge and construction loans come due.
• During the quarter, SUNS originated or participated in two notable loans, including a $48 million B-note in the Graduate Hotels refinancing and a short-term bridge loan on Silver Mountain Ranch that was quickly repaid. The company also highlighted healthy sponsor inquiry activity, though some pipeline deals paused temporarily when capital markets volatility picked up.
• The Thompson San Antonio hotel loan was foreclosed, and management said it is now being marketed by Eastdil with multiple attractive bids received. They expect a resolution over the next couple of quarters, but said the asset is unlikely to generate income until it is sold or refinanced into a note structure.

Sunrise Realty Trust Stock Down 1.1%

Shares of Sunrise Realty Trust stock opened at $7.93 on Friday. The stock has a market cap of $107.21 million, a PE ratio of 8.01, a price-to-earnings-growth ratio of 0.60 and a beta of 0.77. The business has a fifty day simple moving average of $8.02 and a 200-day simple moving average of $9.03. Sunrise Realty Trust has a 12 month low of $7.34 and a 12 month high of $11.78.

Sunrise Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a $0.30 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 15.1%. Sunrise Realty Trust's dividend payout ratio is presently 127.66%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Osaic Holdings Inc. lifted its holdings in shares of Sunrise Realty Trust by 7.1% during the 4th quarter. Osaic Holdings Inc. now owns 16,947 shares of the company's stock valued at $160,000 after buying an additional 1,127 shares during the last quarter. Corsair Capital Management L.P. increased its holdings in Sunrise Realty Trust by 407.0% in the fourth quarter. Corsair Capital Management L.P. now owns 50,704 shares of the company's stock worth $478,000 after buying an additional 40,704 shares during the last quarter. Royal Bank of Canada raised its position in Sunrise Realty Trust by 12.5% during the fourth quarter. Royal Bank of Canada now owns 13,782 shares of the company's stock valued at $130,000 after acquiring an additional 1,535 shares in the last quarter. Mariner LLC raised its position in Sunrise Realty Trust by 42.3% during the fourth quarter. Mariner LLC now owns 34,359 shares of the company's stock valued at $324,000 after acquiring an additional 10,220 shares in the last quarter. Finally, Barclays PLC lifted its stake in Sunrise Realty Trust by 7.3% in the fourth quarter. Barclays PLC now owns 22,183 shares of the company's stock valued at $209,000 after acquiring an additional 1,518 shares during the last quarter.

Wall Street Analyst Weigh In

SUNS has been the subject of several recent analyst reports. Keefe, Bruyette & Woods decreased their price objective on shares of Sunrise Realty Trust from $9.50 to $8.75 and set a "market perform" rating for the company in a report on Wednesday, March 18th. Wall Street Zen raised Sunrise Realty Trust from a "sell" rating to a "hold" rating in a report on Saturday. Weiss Ratings restated a "sell (d)" rating on shares of Sunrise Realty Trust in a research report on Thursday, January 22nd. Finally, Zacks Research downgraded Sunrise Realty Trust from a "hold" rating to a "strong sell" rating in a research report on Tuesday, March 24th. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Sunrise Realty Trust presently has a consensus rating of "Sell" and a consensus price target of $8.75.

Trending Headlines about Sunrise Realty Trust

Here are the key news stories impacting Sunrise Realty Trust this week:

• Positive Sentiment: First-quarter results beat Wall Street expectations on both earnings and revenue, signaling stronger-than-expected performance. Sunrise Realty Trust, Inc. Announces Financial Results for the First Quarter 2026
• Positive Sentiment: Distributable earnings came in at $0.35 per share, indicating solid underlying cash generation for a real estate trust. Sunrise Realty Trust, Inc. Announces Financial Results for the First Quarter 2026
• Positive Sentiment: Management said the sale process for the Thompson San Antonio asset is continuing over the coming quarters, which could support future liquidity or portfolio optimization. Sunrise Realty Trust outlines Thompson San Antonio sale process continuing over upcoming quarters while revolving facility stands at $165M
• Neutral Sentiment: The company said its revolving credit facility stood at $165 million, giving it financing flexibility but not immediately changing the earnings picture. Sunrise Realty Trust outlines Thompson San Antonio sale process continuing over upcoming quarters while revolving facility stands at $165M

Sunrise Realty Trust Company Profile

Sunrise Realty Trust is a real estate investment trust (REIT) that focuses on acquiring, owning and leasing convenience store and fuel retail properties under long-term net leases. The company targets sale-leaseback transactions and joint-venture investments with high-credit tenants in the convenience retail sector. Sunrise Realty Trust's portfolio comprises single-tenant properties that benefit from predictable cash flows, structured lease agreements and tenant-driven site improvements, providing exposure to a segment of the retail real estate market that aligns closely with consumer essentials.

The company's primary business activities include sourcing and underwriting new property investments, negotiating sale-leaseback and ground lease transactions, and managing asset performance throughout the lease term.