SUNS · Sunrise Realty Trust, Inc.

Sunrise Realty Trust, Inc. engages in commercial real estate lending business in the United States. The company focuses on originating commercial real estate (CRE) loans and providing capital to borrowers and sponsors with business plants collateralized by CRE assets. It also intends to diversify investment portfolio, targeting investments for mortgage loans, mezzanine loans, B-notes, commercial mortgage-backed securities, and debt-like preferred equity securities across CRE asset classes. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. Sunrise Realty Trust, Inc. was founded in 2023 and is headquartered in West Palm Beach, Florida.

Cap structure and valuation

Cap structure
SP	$7.50
SO	13.5M
Options	0.0M
Warrants	0.0M
FD SO	13.5M
MC	$101.4M

Cash	$5.6M
Total debt	—
EV	$95.8M

TTM Multiples
EV / Revenue	3.9x
EV / EBITDA	—
MC / Net Income	7.8x
EV / FCF	—
MC / FCF	—

Ownership & coverage
Institutional	24.7%
Insiders	28.8%
# Institutions	95
Analysts	4
Consensus	Strong Buy
Avg target	$10.88

Short % float	2.6%
Days to cover	4.16

MC = SP × FD SO. EV = MC + Debt − Cash. SP = previous yfinance close. Balance-sheet figures as of 2026-08-03. Multiples use TTM (sum of last 4 quarters); shown as "—" when the denominator is zero or negative, or when fewer than four quarters are reported — a partial sum is not a trailing twelve months. Ownership & coverage per Yahoo Finance as of 2026-08-14 — institutional % is 13F-based, so it can lag a quarter and exceed 100% on share-count timing. Short interest per FINRA bi-monthly reporting, as of 2026-07-31; the float denominator can be unreliable on tiny floats.

Financial statements

	6/30/26	3/31/26	12/31/25	9/30/25
Total Revenue	5.82	7.31	5.22	6.06
Revenue YoY %	2.6%	58.0%	51.6%	90.6%

SG&A	0.81	0.74	0.83	0.65

Pretax Income	3.08	4.25	1.63	4.05
Tax Provision	0.00	0.00	0.00	0.00
Net Income	3.08	4.25	1.63	4.05
Net Margin %	52.9%	58.2%	31.2%	67.0%

Diluted EPS	$0.23	$0.32	$0.11	$0.30
Basic EPS	$0.23	$0.32	$0.11	$0.30
Diluted Avg Shares	13.3	13.3	—	13.3
Basic Avg Shares	13.3	13.3	—	13.2

	LTM	12/31/25	12/31/24
Total Revenue	24.40	21.57	10.63
Revenue YoY %	13.1%	103.0%	—

SG&A	3.04	2.90	1.29

Pretax Income	13.01	12.14	6.87
Tax Provision	0.00	0.00	0.00
Net Income	13.01	12.14	6.87
Net Margin %	53.3%	56.3%	64.6%

Diluted EPS	$0.96	$0.93	$1.00
Basic EPS	$0.96	$0.93	$1.01
Diluted Avg Shares	13.3	12.8	6.8
Basic Avg Shares	13.3	12.7	6.8

	6/30/26	3/31/26	12/31/25	9/30/25
Cash & Equivalents	5.59	5.66	6.45	5.55

Other Assets	325.13	324.37	303.78	253.28
Total Assets	330.72	330.03	310.23	258.83

Other Liabilities	148.88	147.50	128.27	74.22
Total Liabilities	148.88	147.50	128.27	74.22

Retained Earnings	(5.70)	(4.72)	(4.92)	(2.52)
Total Equity	181.85	182.53	181.96	184.61

	LTM	12/31/25	12/31/24
Cash & Equivalents	5.59	6.45	184.63

Other Assets	325.13	303.78	132.91
Total Assets	330.72	310.23	317.54

Other Liabilities	148.88	128.27	203.40
Total Liabilities	148.88	128.27	203.40

Retained Earnings	(5.70)	(4.92)	(0.95)
Total Equity	181.85	181.96	114.14

	6/30/26	3/31/26	12/31/25	9/30/25
Net Income	3.08	4.25	1.63	4.05
Stock-Based Comp	0.30	0.37	0.26	0.26
Δ Working Cap & Other	(3.00)	(3.46)	(3.42)	(4.97)
Operating Cash Flow	0.37	1.17	(1.54)	(0.66)

Other Investing	1.65	(15.09)	(47.50)	3.32
Investing Cash Flow	1.65	(15.09)	(47.50)	3.32

Stock Issuance	0.00	0.00	0.00	0.00
Dividends Paid	(4.06)	(4.03)	(4.03)	(4.03)
Other Financing	1.97	17.17	53.96	1.34
Financing Cash Flow	(2.09)	13.14	49.94	(2.68)

	LTM	12/31/25	12/31/24
Net Income	13.01	12.14	6.87
Stock-Based Comp	1.18	1.02	0.33
Δ Working Cap & Other	(14.85)	(16.59)	(5.55)
Operating Cash Flow	(0.66)	(3.43)	1.64

Other Investing	(57.63)	(153.06)	(125.18)
Investing Cash Flow	(57.63)	(153.06)	(125.18)

Stock Issuance	0.00	72.59	0.00
Dividends Paid	(16.13)	(15.02)	(1.45)
Other Financing	74.44	(79.26)	278.37
Financing Cash Flow	58.31	(21.69)	276.92

	6/30/26	3/31/26	12/31/25	9/30/25
Current Ratio	—	—	—	—
Quick Ratio	—	—	—	—
Debt / Equity	0.82	0.81	0.70	0.40
EBITDA Margin %	—	—	—	—
Working Capital	—	—	—	—
Net Debt	—	—	—	—
ROE %	1.7%	2.3%	0.9%	2.2%
ROA %	0.9%	1.3%	0.5%	1.6%

	LTM	12/31/25	12/31/24
Current Ratio	—	—	—
Quick Ratio	—	—	—
Debt / Equity	0.82	0.70	1.78
EBITDA Margin %	—	—	—
Working Capital	—	—	—
Net Debt	—	—	—
ROE %	7.2%	6.7%	6.0%
ROA %	3.9%	3.9%	2.2%

Insider activity (last 2 years)

Date Filed	Reporter	Relationship	Trans. Date	Code	Shares	Price	Total Value
2026-08-13	Hetzel Brandon	Officer (CFO and Treasurer)	2026-08-12	P	713	$7.58	$5,405
2026-08-13	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2026-08-11	P	20,000	$7.60	$152,000
2026-08-11	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2026-08-10	P	25,000	$7.79	$194,750
2026-08-11	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2026-08-07	P	23,109	$7.73	$178,633
2026-02-23	Fagan James C.	Director	2026-02-19	A	1,071	$9.34	$10,003
2026-02-23	Bond Jodi Hanson	Director	2026-02-19	A	1,071	$9.34	$10,003
2026-02-23	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2026-02-19	A	13,384	$9.34	$125,007
2026-02-23	FRANK ALEXANDER C	Director	2026-02-19	A	1,071	$9.34	$10,003
2026-02-23	Tannenbaum Robyn	Officer (President)	2026-02-19	A	13,384	$9.34	$125,007
2026-02-23	Hetzel Brandon	Officer (CFO and Treasurer)	2026-02-19	A	12,045	$9.34	$112,500
2026-02-23	SEDRISH BRIAN	Director, Officer (Chief Executive Officer)	2026-02-19	A	14,276	$9.34	$133,338
2026-01-02	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2025-12-31	P	100,000	$9.40	$940,000
2026-01-02	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2025-12-30	P	37,000	$9.77	$361,490
2025-11-26	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2025-11-24	P	13,000	$9.72	$126,360
2025-11-20	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2025-11-20	P	21,408	$9.39	$201,021
2025-11-20	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2025-11-19	P	3,592	$9.48	$34,052
2025-11-20	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2025-11-18	P	17,790	$9.45	$168,116
2025-11-18	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2025-11-17	P	17,500	$9.61	$168,175
2025-11-18	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2025-11-14	P	14,710	$9.38	$137,980
2025-08-26	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2025-08-26	P	10,000	$10.79	$107,900
2025-08-26	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2025-08-22	P	20,200	$11.00	$222,200
2025-08-21	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2025-08-20	P	10,411	$10.42	$108,483
2025-08-19	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2025-08-15	P	4,406	$10.50	$46,263
2025-08-13	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2025-08-12	P	32,275	$10.48	$338,242
2025-08-13	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2025-08-11	P	20,900	$10.17	$212,553
2025-06-17	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2025-06-16	P	6,000	$10.86	$65,160
2025-06-03	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2025-06-03	P	9,077	$10.88	$98,758
2025-06-03	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2025-06-02	P	28,500	$10.59	$301,815
2025-05-19	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2025-05-16	P	14,741	$10.55	$155,518
2025-05-15	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2025-05-15	P	10,000	$10.39	$103,900
2025-05-09	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2025-05-08	P	10,000	$10.48	$104,800
2025-04-30	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2025-04-30	P	35,903	$10.53	$378,059
2025-04-30	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2025-04-29	P	10,000	$10.65	$106,500
2025-04-28	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2025-04-28	P	5,122	$10.30	$52,757
2025-04-28	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2025-04-25	P	5,000	$10.00	$50,000
2025-04-28	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2025-04-24	P	7,869	$9.99	$78,611
2025-04-01	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2025-03-31	P	44,065	$10.89	$479,868
2025-04-01	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2025-03-28	P	17,495	$11.17	$195,419
2025-03-27	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2025-03-26	P	25,959	$11.25	$292,039
2025-03-20	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2025-03-19	P	80,514	$11.26	$906,588
2025-03-17	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2025-03-17	P	50,000	$11.03	$551,500
2025-03-17	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2025-03-14	P	24,007	$11.00	$264,077
2025-03-17	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2025-03-13	P	25,000	$11.06	$276,500
2025-03-12	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2025-03-11	P	10,000	$10.83	$108,300
2025-03-12	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2025-03-10	P	69	$10.80	$745
2025-03-10	FRANK ALEXANDER C	Director	2025-03-07	P	4,400	$11.30	$49,720
2025-01-29	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2025-01-29	P	1,000,000	$12.00	$12,000,000
2024-12-23	Fagan James C.	Director	2024-12-20	P	3,400	$13.18	$44,812
2024-12-23	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2024-12-19	A	60,837	$13.15	$800,007
2024-12-23	Tannenbaum Robyn	Officer (President)	2024-12-19	A	7,605	$13.15	$100,006
2024-12-23	Hetzel Brandon	Officer (CFO and Treasurer)	2024-12-19	A	5,704	$13.15	$75,008
2024-12-23	FRANK ALEXANDER C	Director	2024-12-19	A	761	$13.15	$10,007
2024-12-23	Bond Jodi Hanson	Director	2024-12-19	A	761	$13.15	$10,007
2024-12-23	Fagan James C.	Director	2024-12-19	A	761	$13.15	$10,007
2024-12-23	Fagan James C.	Director	2024-12-19	P	619	$13.15	$8,140
2024-12-18	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2024-12-18	P	39,000	$13.42	$523,380
2024-12-18	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2024-12-17	P	15,803	$13.47	$212,866
2024-12-18	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2024-12-16	P	47,810	$13.39	$640,176
2024-09-03	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2024-08-30	P	25,000	$13.85	$346,250
2024-08-30	Tannenbaum Robyn	Officer (President)	2024-08-28	P	15,000	$13.66	$204,900
2024-08-30	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2024-08-28	P	5,335	$13.75	$73,356
2024-08-30	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2024-08-28	P	15,000	$13.66	$204,900
2024-08-30	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2024-08-28	P	1,000	$13.75	$13,750
2024-08-28	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2024-08-27	P	13,083	$13.48	$176,359
2024-08-27	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2024-08-26	P	10,000	$13.35	$133,500
2024-08-26	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2024-08-23	P	1,136	$13.10	$14,882
2024-08-23	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2024-08-22	P	10,000	$12.88	$128,800
2024-08-22	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2024-08-21	P	10,000	$12.92	$129,200
2024-08-21	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2024-08-20	P	20,000	$12.17	$243,400
2024-08-20	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2024-08-19	P	22,661	$11.97	$271,252
2024-08-20	Tannenbaum Robyn	Officer (President)	2024-08-19	P	568	$11.56	$6,566
2024-08-19	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2024-08-16	P	65,000	$12.41	$806,650
2024-08-19	TANNENBAUM LEONARD M	Director, Officer (Executive Chairman), 10% Owner	2024-08-15	P	53,163	$12.47	$662,943