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Companies / Real Estate / Sunrise Realty Trust, Inc.
SUNS

Sunrise Realty Trust, Inc.

Real EstateREITs
Ticker SUNSWEST PALM BEACH, FLFiscal year ends DecemberBook value per share $13.64Diluted shares 13.3M

Sunrise Realty Trust, Inc. (Nasdaq: SUNS) is a commercial real estate debt investment company that originates and invests in secured CRE loans and related debt instruments. The company was formed in August 2023 and separated from Advanced Flower Capital Inc. through a spin-off transaction in July 2024, becoming an… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$21.57M
+103.0% year over year
Last 12 mo $24.40M
0.00%
$12.14M
+76.8% year over year
Last 12 mo $13.01M
6.67%
+0.7 percentage points
Last 12 mo 7.16%
Cash & financing
$-3.43M
−309.1% year over year
Last 12 mo $-0.66M
$-3.43M
−309.1% year over year
Last 12 mo $-0.66M
0.68
Was 1.74× a year earlier
Last 12 mo 0.78
12.8M
+86.9% year over year
Last 12 mo 13.3M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Sunrise Realty Trust, Inc. does

In the company’s own words

Sunrise Realty Trust, Inc. (Nasdaq: SUNS) is a commercial real estate debt investment company that originates and invests in secured CRE loans and related debt instruments. The company was formed in August 2023 and separated from Advanced Flower Capital Inc. through a spin-off transaction in July 2024, becoming an independent publicly traded entity. Sunrise Realty Trust operates as a real estate investment trust for federal income tax purposes and is externally managed by Sunrise Manager LLC, a registered investment adviser.

The company focuses on originating and investing in secured commercial real estate loans providing capital to high-quality borrowers and sponsors with transitional business plans collateralized by CRE assets. Sunrise Realty Trust targets investments in senior mortgage loans, mezzanine loans, B-notes, commercial mortgage-backed securities, and debt-like preferred equity securities across diverse CRE asset classes including multifamily, condominiums, retail, office, hospitality, industrial, mixed-use and specialty-use real estate.

Sunrise Realty Trust's investment strategy emphasizes the Southern U.S., including states such as Arizona, Florida, Georgia, North Carolina, Nevada, South Carolina, Tennessee and Texas, which exhibit above-average population and employment growth. The company targets individual investment hold sizes of approximately fifteen to one hundred million dollars with loan-to-value ratios not exceeding seventy-five percent, durations of two to five years, and floating rate structures based on SOFR plus credit spreads. The company aims for a portfolio net internal rate of return in the low-teens range and targets a capitalization structure of one-third equity, one-third secured debt availability and one-third unsecured debt, with an expected leverage ratio of 1.5:1 debt-to-equity.

As of February 2026, Sunrise Realty Trust had a potentially actionable pipeline of approximately seven hundred million dollars in commercial real estate deal commitments under review. The company's competitive strengths include its management team's expertise in transitional real estate and distressed debt, deep knowledge of Southern U.S. CRE markets, strategic local presence in West Palm Beach, Florida, and access to the Tannenbaum Capital Group platform's robust relationship network and back-office support. The company website is www.sunrisertrust.com.

Company details
Sector
Real Estate
Industry
REITs
Headquarters
WEST PALM BEACH, FL
Fiscal year end
December
CIK
2012706
SIC
6798

Financial performance, year by year

Fiscal 2024–2025 · USD
$-2.44M$4.88M$12.20M$19.52M$26.84M20242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Sunrise Realty Trust, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

39
funds hold it
0 of 35
superinvestors hold it
$9.63M
held by funds, at market
8.6%
of shares held by funds

Largest fund holders · Sunrise Realty Trust, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
0.21%of fund net assets
Hoya Capital High Dividend Yield ETF
RIET · ETF Series Solutions
1.04%of fund net assets
Fidelity Small Cap Index Fund
FSSNX · Fidelity Salem Street Trust
0.00%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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