Sunrise Realty Trust, Inc. Announces Financial Results for Third Quarter 2024

Sunrise Realty Trust, Inc. (SUNS)
Last sunrise realty trust, inc. earnings: 2/20 04:01 pm
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Source: GlobeNewswire
Third quarter 2024 GAAP net income of $1.7 million or $0.26 per basic weighted average common share and Distributable Earnings(1) of $1.9 million or $0.27 per basic weighted average common share WEST PALM BEACH, Fla., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. (NASDAQ:SUNS) (“SUNS” or the “Company”) today announced its results for the quarter ended September 30, 2024. SUNS reported generally accepted accounting principles (“GAAP”) net income of $1.7 million or $0.26 per basic weighted average common share and Distributable Earnings of $1.9 million or $0.27 per basic weighted average common share for the third quarter of 2024. “Our strong performance this quarter highlights the continued momentum we've maintained since our listing as an independent, public company,” said Brian Sedrish, the Company’s Chief Executive Officer. “In the third quarter, we successfully closed $87.4 million in deals, and subsequent to quarter-end, we strengthened our capital structure wi
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SUNS
News
- Sunrise Realty Trust, Inc. (NASDAQ: SUNS) had its price target lowered by analysts at Raymond James from $15.00 to $14.50. They now have an "outperform" rating on the stock.MarketBeat
- Sunrise Realty Trust, Inc. (NASDAQ: SUNS) had its price target lowered by analysts at Keefe, Bruyette & Woods from $12.75 to $12.25. They now have an "outperform" rating on the stock.MarketBeat
- Sunrise Realty Trust, Inc. Announces Financial Results for Fourth Quarter and Year Ended 2024GlobeNewswire
- Sunrise Realty Trust, Inc. (NASDAQ: SUNS) was upgraded by analysts at B. Riley to a "strong-buy" rating.MarketBeat
- Sunrise Realty Trust, Inc. (NASDAQ: SUNS) is now covered by analysts at B. Riley. They set a "buy" rating and a $15.00 price target on the stock.MarketBeat
SUNS
Earnings
- 3/6/25 - Miss
SUNS
Sec Filings
- 3/12/25 - Form 4
- 3/10/25 - Form 4
- 1/29/25 - Form 4
- SUNS's page on the SEC website