Sunrise Realty Trust, Inc. announced its financial results for the first quarter ended March 31, 2025, on May 7, 2025. The company reported GAAP net income of $3.1 million, or $0.27 per basic weighted average common share, and Distributable Earnings of $3.5 million, or $0.31 per basic weighted average common share.
Interest income for the quarter surged to $4.96 million, marking a 144.7% increase from $2.03 million in the same period of 2024. Net interest income also rose significantly to $4.62 million from $2.03 million year-over-year.
The company paid a cash dividend of $0.30 per common share for the first quarter of 2025 on April 15, 2025, distributing $4.0 million in dividends. This dividend was covered by the Distributable Earnings of $0.31 per basic weighted average common share for the period.
Sunrise Realty Trust maintained its guidance for the second quarter of 2025, expecting Distributable Earnings to be at or close to $0.30 per basic weighted average common share. This outlook reflects the company's continued focus on originating attractive commercial real estate loans.
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