Streetbeat News

SUNS

Sunrise Realty Trust, Inc.

https://www.sunrisereit.ca

Industry

REIT - Residential

Founded in 2017, Sunrise REIT has served the Canadian rental community's growing need for new property and real estate projects through impressive integrity and a commitment to delivering results with the highest quality standards. Our professional team works closely with both investors and landowners in order to come up with results that exceed expectations.

Open

13.66

Mkt cap

93M

Volume

83K

High

13.76

P/E Ratio

18.65

52-wk high

15.74

Low

13.22

Div yield

0.02

52-wk low

8.11

Sunrise Realty Trust, Inc. (Nasdaq: SUNS) has committed $32 million to a senior loan for The Loren at Lady Bird Lake, a luxury hotel in Austin, Texas. The company funded $29.9 million of the loan, which is part of a $57 million refinancing effort.

Portfolio Pulse from

December 13, 2024 | 1:15 pm

Sunrise Realty Trust, Inc. (Nasdaq: SUNS) has committed $13.0 million to a subordinate loan for the development of Excel Miami Apartments, a 24-story multifamily tower in Miami. The total subordinate loan is $26.0 million, with the remaining $13.0 million provided by an affiliated entity. Centennial Bank provided a $68.5 million senior construction loan.

Portfolio Pulse from

November 18, 2024 | 1:15 pm

Sunrise Realty Trust, Inc. (SUNS) held its Q3 2024 earnings call, discussing financial results and company performance. Key participants included the CEO, CFO, and Executive Chairman.

Portfolio Pulse from

November 09, 2024 | 8:00 pm

Sunrise Realty Trust, Inc. reported its financial results for the third quarter of 2024, with a GAAP net income of $1.7 million and Distributable Earnings of $1.9 million.

Portfolio Pulse from

November 07, 2024 | 12:45 pm

Raymond James has initiated coverage on Sunrise Realty Trust with an Outperform rating and set a price target of $17.5.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 12:48 pm

Advanced Flower Capital Group (NASDAQ:AFCG) is poised to benefit from a $1.7 billion demand for cannabis loans due to new laws. The company, a leading lender in the cannabis sector, has spun off its commercial real estate assets to focus on cannabis-related loans. AFCG's strong financial position, high yield-to-maturity rates, and attractive dividend yield make it a compelling investment. The company is well-positioned for growth with access to over $100 million in capital and a strategic focus on lending to operators in limited-license states.

Portfolio Pulse from Nicolás Jose Rodriguez

September 12, 2024 | 2:09 pm

Insider purchases in Sunrise Realty Trust, Darling Ingredients, and Superior Group of Companies indicate potential confidence in these stocks. Notable trades include $1.47M in SUNS, $51,805 in DAR, and $134,527 in SGC.

Portfolio Pulse from Avi Kapoor

August 20, 2024 | 12:56 pm

Sunrise Realty Trust shares are trading higher following the company's Q2 financial results reported yesterday.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 2:24 pm

Sunrise Realty Trust (NASDAQ:SUNS) reported Q2 earnings per share of $0.22 and sales of $1.98 million.

Portfolio Pulse from totan@benzinga.com

August 14, 2024 | 12:43 pm

AFC Gamma, Inc. (NASDAQ:AFCG) is spinning off its commercial real estate business into Sunrise Realty Trust (NASDAQ:SONS). AFC Gamma will focus on cannabis lending, while Sunrise Realty Trust will explore growth in the commercial real estate market. The spin-off aims to enhance shareholder value and streamline operations.

Portfolio Pulse from Nicolás Jose Rodriguez

July 20, 2024 | 4:47 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.