Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
An announcement from Sunrise Realty Trust Inc ( (SUNS) ) is now available.
On January 29, 2025, Sunrise Realty Trust, Inc. completed an upsized underwritten offering of 5,750,000 shares of its common stock at $12.00 per share, raising approximately $69 million before expenses. The company plans to use the net proceeds to fund loans for its existing borrowers, originate new commercial loans in line with its strategy, and for general corporate purposes, including debt repayment. The offering strengthens Sunrise Realty’s funding base and supports its strategic focus on commercial real estate projects in the Southern U.S., with implications for its market positioning and stakeholders.
More about Sunrise Realty Trust Inc
Sunrise Realty Trust, Inc. (Nasdaq: SUNS) is an institutional commercial real estate lender that offers flexible financing solutions to sponsors of commercial real estate in the Southern United States. The company focuses on transitional commercial real estate projects with opportunities for near-term value creation, supported by top-tier real property assets in established and high-growth Southern cities.
YTD Price Performance: -16.53%
Average Trading Volume: 80,113
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $82.2M
For an in-depth examination of SUNS stock, go to TipRanks’ Stock Analysis page.
