On November 10, 2026, Sunrise Realty Trust, Inc. (Nasdaq: SUNS) filed a Current Report on Form 8-K announcing its financial results for the quarter ended September 30, 2026, and disclosing the completion of a merger with Southern Realty Trust Inc. (SRT).
For the third quarter of 2026, the company reported GAAP net income of $2.9 million, or $0.21 per basic weighted average common share. The company also reported Distributable Earnings of $3.2 million, or $0.24 per basic weighted average common share. This figure included approximately 6 cents per share of one-time merger-related expenses. Distributable Earnings for the first nine months of 2026 totaled $0.89 per basic weighted average share.
On October 15, 2026, the company paid a cash dividend of $0.30 per common share for the third quarter of 2026, totaling $4.1 million. This dividend exceeded the Distributable Earnings per share for the period by approximately 6 cents. For the first nine months of 2026, Distributable Earnings totaled $0.89 per share, compared to $0.90 per share of dividends declared over the same period.
In connection with the merger, Sunrise Realty Trust paid a prorated cash dividend of $0.09 per common share covering the period from October 1 through November 4, 2026. The company expects its Board of Directors to declare a dividend for the remainder of the fourth quarter of 2026, covering November 5, 2026 through December 31, 2026, with the amount and record date to be announced in the ordinary course.
The company also announced it will host a conference call at 10:00 a.m. (Eastern Time) on Wednesday, November 11, 2026, to provide an update on the business.
