Solar Senior Capital: Lower Rates Likely To Result In The Dividend Not Being Fully Covered By NII [Seeking Alpha]
Sunrise Realty Trust, Inc. (SUNS)
Last sunrise realty trust, inc. earnings: 2/20 04:01 pm
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US:NASDAQ Investor Relations:
solarseniorcap.com
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Source: Seeking Alpha
Solar Senior Capital: Lower Rates Likely To Result In The Dividend Not Being Fully Covered By NII In my previous article SUNS Whilst several of the points that led to cautious optimism remains valid, time has unfortunately done little to abate some of the more pressing concerns I expressed at the time. This article therefore assesses some of these changes and considers the extent to which this results in a change in my opinion on SUNS. A Potential Rate Cut With 90% of SUNS' portfolio at floating rates, it is well positioned to benefit from rising rates. The reverse is, however, also true in that a decline in interest rates is likely to result in a decline in NII (Net Investment Income). The The Fed has, however, recently expressed a willingness to look towards rate cuts beginning as early as July. Recent comments St. Louis Federal Reserve Bank President, James Bullard, who is in favour of a rate cut has also noted The Dividend And Its Sustainability SUNS' lower-than-peers NII coverage
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SUNS
News
- Sunrise Realty Trust Commits $13.0 Million in a Subordinate Loan for Excel Miami ApartmentsGlobeNewswire
- Sunrise Realty Trust Announces the Successful Closing of a Senior Revolving Credit Facility up to $200 Million with an Initial $50 Million Commitment from East West BankGlobeNewswire
- Sunrise Realty Trust, Inc. Announces Financial Results for Third Quarter 2024GlobeNewswire
- Sunrise Realty Trust Commits $30.0 Million in a Senior Loan for Sixth & Rio Condominium Development in Fort LauderdaleGlobeNewswire
- Sunrise Realty Trust, Inc. Schedules Third Quarter 2024 Earnings Conference Call for November 7, 2024GlobeNewswire
SUNS
Sec Filings
- 9/3/24 - Form 4
- 8/30/24 - Form 4
- 8/30/24 - Form 4
- SUNS's page on the SEC website