Distributable Earnings covered the $0.30 dividend by 1.17x, a healthy margin. The sequential improvement from Q4 2025 GAAP EPS of $0.12 to Q1 2026 $0.32 is significant. Monitor the 10-Q for loan portfolio composition and credit quality trends.
Price Chart
Executive Summary
Sunrise Realty Trust reported Q1 2026 GAAP net income of $4.3M ($0.32 per basic share) and Distributable Earnings of $4.7M ($0.35 per basic share), up from $3.5M ($0.31) in Q1 2025. The dividend of $0.30 per share was covered by Distributable Earnings. The sequential improvement from Q4 2025 ($0.12 GAAP EPS) is notable, but the company provided no formal guidance and the mREIT sector faces headwinds from a bifurcated lending market.
Key Financial Metrics
Key Facts
- Q1 2026 GAAP net income of $4.3M vs $3.1M in Q1 2025
- Distributable Earnings of $4.7M ($0.35/share) vs $3.5M ($0.31/share) in Q1 2025
- Dividend of $0.30/share paid on April 15, 2026, covered by Distributable Earnings of $0.35/share
- Basic weighted average shares outstanding increased to 13.3M from 11.2M year-over-year
- No formal guidance provided; management commentary focused on pipeline opportunities in transitional lending
Financial Impact
Distributable Earnings grew 35% YoY to $4.7M; GAAP net income grew 37% to $4.3M
Risk Factors
- No formal guidance provided; management commentary is qualitative
- Share count dilution (13.3M vs 11.2M YoY) reduces per-share metrics
- Bifurcated CRE lending market may limit origination volume
- Historical stock performance shows persistent negative alpha
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-034796 |
| Document: suns-20260514.htm | 0001628280-26-034796 |
| Document: 0001628280-26-034796-index-headers.html | 0001628280-26-034796 |
| Document: 0001628280-26-034796-index.html | 0001628280-26-034796 |
| Document: 0001628280-26-034796.txt | 0001628280-26-034796 |
| 8-K Data (Synthetic) | 0001628280-26-034796 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | 8-K | $6.47 | awaiting T+20 | — | $6.47 (+0.08%) |
Oct 23, 2026 3d ago | Press Release | $6.47 | awaiting T+20 | — | $6.47 (+0.08%) |
Oct 13, 2026 13d ago | DEFA14A | $6.35 | awaiting T+20 | — | $6.47 (+1.97%) |
Oct 13, 2026 14d ago | DEFA14A | $6.42 | awaiting T+20 | — | $6.47 (+0.86%) |
Oct 13, 2026 14d ago | 8-K | $6.42 | awaiting T+20 | — | $6.47 (+0.86%) |
Oct 13, 2026 14d ago | DEFA14A | $6.42 | awaiting T+20 | — | $6.47 (+0.86%) |
Oct 13, 2026 14d ago | Press Release | $6.42 | awaiting T+20 | — | $6.47 (+0.86%) |
Oct 13, 2026 14d ago | Press Release | $6.42 | awaiting T+20 | — | $6.47 (+0.86%) |
Sep 23, 2026 4w ago | 8-K | $7.23 $6.35 | ▼ −12.17% | ▼ −11.75% | $6.47 (−10.44%) |
Sep 18, 2026 5w ago | DEFM14A | $7.25 $6.30 | ▼ −13.10% | ▼ −12.20% | $6.47 (−10.69%) |
US Market Status
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