Sunrise Realty Trust, Inc. announced its financial results for the fourth quarter and full year ended December 31, 2024, on March 6, 2025. For Q4 2024, GAAP net income was $1.9 million, or $0.27 per basic weighted average common share, with Distributable Earnings of $2.0 million, or $0.30 per basic weighted average common share.
For the full year 2024, the company reported GAAP net income of $6.9 million, or $1.01 per basic weighted average common share, and Distributable Earnings of $7.2 million, or $1.07 per basic weighted average common share. SUNS committed to $75.0 million in deals during the fourth quarter.
The Board of Directors declared a regular cash dividend of $0.30 per common share for the first quarter of 2025, payable on April 15, 2025, to shareholders of record as of March 31, 2025. This dividend represents a decrease from the $0.42 per common share declared for the fourth quarter of 2024.
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