Sunrise Realty Trust reports Q2 distributable EPS 31c, consensus 29c

Brian Sedrish, Chief Executive Officer, said, “As market activity rebounds, we’re seeing more transaction volume and increased demand for financing among borrowers seeking capital for both acquisitions and refinancings. While competition has intensified for stabilized, cash-flowing properties, SUNS‘ focus remains largely on financing transitional assets where we see less competition and stronger returns. With our strong pipeline of actionable transactions backed by qualified sponsors, we believe that SUNS’ expertise in providing structured solutions to sponsors of transitional commercial real estate positions us to capitalize on these market dynamics.”