NASDAQ$SUNS
Sunrise Realty Trust Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported GAAP net income and distributable earnings for Q3 2024.
Sunrise Realty Trust, Inc. reported a 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. The company closed $87.4 million in deals during the quarter and strengthened its capital structure with a new $50 million revolving credit facility that can be expanded to $200 million.
- GAAP net income was $1.7 million, or $0.26 per share.
- Distributable Earnings were $1.9 million, or $0.27 per share.
- Closed $87.4 million in deals during the third quarter.
- Established a new revolving credit facility with an initial commitment of $50 million, expandable to $200 million.
Headline financials
Revenue & EPS history
Sunrise Realty Trust Inc · Revenue · Quarterly
$3.18M
Forward guidance
The company has a robust pipeline of $1.2 billion, positioning it to drive long-term value for shareholders and expand its presence in key Southern U.S. states. The Board of Directors previously declared a regular cash dividend of $0.42 per common share for the fourth quarter of 2024, based on visibility into the growth of the company’s loan portfolio.
Tailwinds
- Strong performance in the third quarter.
- Successfully closed $87.4 million in deals.
- Strengthened capital structure with a new revolving credit facility.
- Robust $1.2 billion pipeline.
- Declared a regular cash dividend of $0.42 per common share for the fourth quarter of 2024.
Headwinds
- Forward-looking statements are subject to inherent uncertainties.
- Ability of manager to locate suitable loan opportunities can affect results.
- Demand for commercial real estate investment can affect results.
- Management's current estimate of expected credit losses can affect results.
- New risks and uncertainties arise over time and are not possible to predict.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 6 quarterly earnings reports · overlaid with Q3 2024
+1.0%
Avg return
Earnings day
+2.0%
Avg return
5 days after
+4.6%
Avg return
30 days after
57%
21 / 37 earnings
Positive
+12.8%
Q2 2024
Best reaction
-7.1%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +9.1% | +8.2% | +16.1% | |
| Q4 2025 | -2.0% | -6.5% | -14.6% | |
| Q3 2025 | -0.6% | -0.1% | +9.5% | |
| Q2 2025 | +2.6% | +8.8% | +11.0% | |
| Q1 2025 | -0.8% | +5.1% | +6.1% | |
| Q4 2024 | -7.1% | -6.5% | -17.5% | |
| Q3 2024 | -0.9% | -3.4% | -7.7% | |
| Q2 2024 | +12.8% | +10.5% | +33.9% | |
| Q1 2024 | — | — | — | |
| Q3 2023 | — | — | — | |
| Q4 2021 | +1.9% | — | — | |
| Q3 2021 | +0.3% | — | — | |
| Q2 2021 | +0.3% | — | — | |
| Q1 2021 | -0.2% | — | — | |
| Q4 2020 | +1.7% | — | — | |
| Q3 2020 | +3.3% | — | — | |
| Q2 2020 | +2.5% | — | — | |
| Q1 2020 | +4.6% | — | — | |
| Q4 2019 | -2.2% | — | — | |
| Q3 2019 | +0.0% | — | — | |
| Q2 2019 | -0.6% | — | — | |
| Q1 2019 | -0.2% | — | — | |
| Q4 2018 | +3.6% | — | — | |
| Q3 2018 | +2.8% | — | — | |
| Q2 2018 | +0.3% | — | — | |
| Q1 2018 | +0.5% | — | — | |
| Q4 2017 | -1.1% | — | — | |
| Q3 2017 | +1.5% | — | — | |
| Q2 2017 | -2.5% | — | — | |
| Q1 2017 | -0.5% | — | — | |
| Q4 2016 | -0.7% | — | — | |
| Q3 2016 | -0.3% | — | — | |
| Q2 2016 | +0.1% | — | — | |
| Q1 2016 | +2.5% | — | — | |
| Q4 2015 | +2.2% | — | — | |
| Q3 2015 | +2.3% | — | — | |
| Q2 2015 | +4.1% | — | — | |
| Q1 2015 | -3.8% | — | — | |
| Q4 2014 | +3.5% | — | — |
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