The dividend payout ratio exceeded 100% of Distributable Earnings for the quarter, a negative signal for sustainability. Monitor the Q3 2026 filing for any dividend cut or further deterioration in credit quality metrics.
Price Chart
Executive Summary
Sunrise Realty Trust reported Q2 2026 Distributable Earnings of $0.29 per share, a 4.8% beat vs. the $0.27 consensus estimate, but down from $0.31 in the year-ago quarter. GAAP net income fell to $3.1M from $3.4M YoY, while the CECL provision nearly doubled to $557K, signaling credit quality deterioration. The dividend of $0.30 per share modestly exceeded Distributable Earnings of $0.29, a negative signal for dividend sustainability in the near term.
Key Financial Metrics
Key Facts
- Distributable Earnings per share of $0.29 beat consensus of $0.27 but declined from $0.31 in Q2 2025.
- GAAP net income fell to $3.1M from $3.4M YoY, a decline of 8.4%.
- Provision for current expected credit losses (CECL) nearly doubled to $557K from $468K YoY.
- Dividend of $0.30 per share exceeded Distributable Earnings of $0.29 per share for the quarter.
- Distributable Earnings of $0.65 per share for the first six months exceeded the $0.60 per share in dividends declared.
Financial Impact
Distributable Earnings per share declined 6.5% YoY from $0.31 to $0.29, while the CECL provision increased by 19% to $557K.
Risk Factors
- Dividend may be cut if Distributable Earnings continue to decline and fail to cover the $0.30 quarterly payout.
- Rising CECL provisions signal potential credit deterioration in the loan portfolio, which could lead to future impairments.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-053852 |
| Document: suns-20260806.htm | 0001628280-26-053852 |
| Document: 0001628280-26-053852-index-headers.html | 0001628280-26-053852 |
| Document: 0001628280-26-053852-index.html | 0001628280-26-053852 |
| Document: 0001628280-26-053852.txt | 0001628280-26-053852 |
| 8-K Data (Synthetic) | 0001628280-26-053852 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | 8-K | $6.47 | awaiting T+20 | — | $6.36 (−1.70%) |
Oct 23, 2026 3d ago | Press Release | $6.47 | awaiting T+20 | — | $6.36 (−1.70%) |
Oct 13, 2026 13d ago | DEFA14A | $6.35 | awaiting T+20 | — | $6.36 (+0.16%) |
Oct 13, 2026 14d ago | DEFA14A | $6.42 | awaiting T+20 | — | $6.36 (−0.93%) |
Oct 13, 2026 14d ago | 8-K | $6.42 | awaiting T+20 | — | $6.36 (−0.93%) |
Oct 13, 2026 14d ago | DEFA14A | $6.42 | awaiting T+20 | — | $6.36 (−0.93%) |
Oct 13, 2026 14d ago | Press Release | $6.42 | awaiting T+20 | — | $6.36 (−0.93%) |
Oct 13, 2026 14d ago | Press Release | $6.42 | awaiting T+20 | — | $6.36 (−0.93%) |
Sep 23, 2026 4w ago | 8-K | $7.23 $6.35 | ▼ −12.17% | ▼ −11.75% | $6.36 (−12.03%) |
Sep 18, 2026 5w ago | DEFM14A | $7.25 $6.30 | ▼ −13.10% | ▼ −12.20% | $6.36 (−12.28%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers