WEST PALM BEACH, Fla., Aug. 14, 2024 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. (NASDAQ:SUNS) ("SUNS" or the "Company") today provided a quarterly business update and announced its dividends for the third and fourth quarters of 2024. On July 9, 2024, the Company finalized its spin-off, establishing itself as a pure-play commercial real estate lender focused on the Southern United States. The SUNS portfolio is composed entirely of new vintage assets, with the first loan closed in 2024. This positions the Company uniquely in the public markets, offering a portfolio with no legacy assets and a strategic focus on one of the highest growth areas in the United States. "We are pleas
WEST PALM BEACH, Fla., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. (NASDAQ:SUNS) ("SUNS" or the "Company") today announced that it has committed $40.0 million of which the Company funded $27.5 million in a credit facility for the development of Panther National (the "Project"), a residential and golf community in Palm Beach Gardens, Florida. Two affiliated entities also committed an aggregate of $120.0 million for a total facility amount of $160.0 million. The Project sponsor is Centaur Holdings ("Centaur"), a global investment holding company with a diversified portfolio across various sectors. Faisal Ashraf, Managing Partner of Lotus Capital Partners, arranged and struct
WEST PALM BEACH, Fla., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. (NASDAQ:SUNS) ("SUNS" or the "Company") today announced that it has committed $27.3 million of which the Company funded $25.0 million in a $42.0 million senior loan for the refinancing of the Thompson San Antonio Hotel (the "Project"). An affiliated entity committed the remaining $14.7 million of the total loan amount. The Sponsor is DC Partners, a Houston-based real estate development and investment firm specializing in luxury high-rise residential, mixed-use, and hospitality projects. This marks the second transaction that SUNS has completed with DC Partners. The Thompson San Antonio Hotel, located at 11
SLR Investment Corp. (NASDAQ:SLRC) (“SLRC”) and SLR Senior Investment Corp. (NASDAQ:SUNS) (“SUNS”) are pleased to announce that each company obtained stockholder approval of the proposals related to the previously announced merger of SLRC and SUNS (the “Merger”) at their respective special meetings of stockholders held on March 21, 2022. Stockholders voted overwhelmingly in favor of the proposals relating to the Merger, as approximately 95% of voting SUNS stockholders and approximately 98% of voting SLRC stockholders supported the Merger. The transaction is currently expected to close on or about April 1, 2022, subject to the satisfaction of customary closing conditions. “We would like to
SLR Senior Investment (NASDAQ:SUNS) reported its Q4 earnings results on Tuesday, March 1, 2022 at 04:00 PM. Here's what investors need to know about the announcement. Earnings SLR Senior Investment missed estimated earnings by 6.9%, reporting an EPS of $0.27 versus an estimate of $0.29. Revenue was up $480.00 thousand from the same period last year. Past Earnings Performance Last quarter the company missed on EPS by $0.02 which was followed by a 0.77% increase in the share price the next day. Here's a look at SLR Senior Investment's past performance: Quarter Q3 2021 Q2 2021 Q1 2021 Q4 2020 EPS Estimate 0.25 0.24 0.3 EPS Actu
Oppenheimer resumed coverage of SLR Senior Investment with a rating of Outperform and set a new price target of $16.00
LADENBURG THALM/SH SH resumed coverage of Solar Senior Capital with a rating of Neutral
LADENBURG THALM/SH SH downgraded Solar Senior Capital from Buy to Neutral
8-K - Sunrise Realty Trust, Inc. (0002012706) (Filer)
10-Q - Sunrise Realty Trust, Inc. (0002012706) (Filer)
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WEST PALM BEACH, Fla., Aug. 14, 2024 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. (NASDAQ:SUNS) ("SUNS" or the "Company") today provided a quarterly business update and announced its dividends for the third and fourth quarters of 2024. On July 9, 2024, the Company finalized its spin-off, establishing itself as a pure-play commercial real estate lender focused on the Southern United States. The SUNS portfolio is composed entirely of new vintage assets, with the first loan closed in 2024. This positions the Company uniquely in the public markets, offering a portfolio with no legacy assets and a strategic focus on one of the highest growth areas in the United States. "We are pleas
WEST PALM BEACH, Fla., July 17, 2024 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. (NASDAQ:SUNS) ("SUNS" or the "Company") today announced that it plans to report earnings for the quarter ended June 30, 2024 on Wednesday, August 14, 2024. SUNS will host a conference call at 10:00 am Eastern Time on Wednesday, August 14, 2024, to discuss its quarterly financial results. All interested parties are welcome to participate. The call will be available through a live audio webcast at the Investor Relations section of SUNS' website at www.sunriserealtytrust.com. To participate via telephone, please register in advance at this link. Upon registration, all telephone participants will receive a con
Record Originations Volume Drove a 36% Year-Over-Year Increase in Comprehensive Portfolio NEW YORK, March 01, 2022 (GLOBE NEWSWIRE) -- SLR Senior Investment Corp. (NASDAQ:SUNS) (the "Company" or "SUNS") today reported net investment income of $3.5 million, or $0.22 per average share, for the quarter ended December 31, 2021. For fiscal year 2021, net investment income was $14.3 million, or $0.89 per average share. Excluding one-time expenses related to the proposed merger with SLR Investment Corp., net investment income per average share would have been $0.27 for the quarter ended December 31, 2021, and $0.94 for the year ended December 31, 2021. Please see reconciliation table in the disc
4 - Sunrise Realty Trust, Inc. (0002012706) (Issuer)
4 - Sunrise Realty Trust, Inc. (0002012706) (Issuer)
4 - Sunrise Realty Trust, Inc. (0002012706) (Issuer)
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