Sunrise Realty Trust reports Q3 EPS 31c, consensus 29c

Brian Sedrish, Chief Executive Officer of SUNS, said, “Our accomplishments during the third quarter demonstrate our continued focus on the strategic objectives we established approximately eighteen months ago as we continue building a new-vintage, premier commercial mortgage REIT. We remain focused on originating loans to borrowers of transitional real estate assets located primarily in the Southern United States. The progress achieved this quarter reflects continued execution toward our core goals – delivering a consistent and stable dividend, diversifying our portfolio across asset classes, geographies and borrowers, and utilizing efficiently priced senior and unsecured financing to support prudent growth.”