EPS: As of FY2026 Q2, the actual value is USD 0.23, missing the estimate of USD 0.265.

Net Income (GAAP)

For the second quarter of 2026, Sunrise Realty Trust, Inc. reported GAAP net income of $3.1 million. In the second quarter of 2025, GAAP net income was $3,358,314. For the six months ended June 30, 2026, GAAP net income totaled $7,329,375. This compares to $6,457,751 for the six months ended June 30, 2025.

Distributable Earnings (Non-GAAP)

Distributable Earnings for the second quarter of 2026 were $3.9 million, or $0.29 per basic weighted average common share. For the second quarter of 2025, Distributable Earnings were $4,085,873, or $0.31 per basic weighted average share. For the six months ended June 30, 2026, Distributable Earnings reached $8,614,352, or $0.65 per basic weighted average share. For the six months ended June 30, 2025, Distributable Earnings were $7,546,579, or $0.62 per basic weighted average share.

Stock-based Compensation Expense

Stock-based compensation expense for the second quarter of 2026 was $297,484. This was an increase from $259,066 in the second quarter of 2025. For the six months ended June 30, 2026, the expense was $667,446. For the six months ended June 30, 2025, it was $502,687.

Provision for Current Expected Credit Losses

The provision for current expected credit losses was $557,248 for the second quarter of 2026. This is higher than the $468,493 reported for the second quarter of 2025. For the six months ended June 30, 2026, the provision was $617,531. For the six months ended June 30, 2025, it was $586,141.

Dividends

On July 15, 2026, Sunrise Realty Trust, Inc. paid a cash dividend of $0.30 per common share for the second quarter of 2026, totaling $4.1 million. The Distributable Earnings of $0.65 per basic weighted average share for the first six months of 2026 exceeded the $0.60 per share of dividends declared over the same period.

Basic Weighted Average Shares of Common Stock Outstanding

Basic weighted average shares of common stock outstanding were 13,329,968 for the second quarter of 2026. For the second quarter of 2025, this figure was 13,235,823. For the six months ended June 30, 2026, shares outstanding were 13,324,626. For the six months ended June 30, 2025, shares outstanding were 12,227,520.

Operational Highlights

All loans remained current during the second quarter of 2026. Sunrise Realty Trust, Inc. achieved full repayment of its investment in Panther National shortly after the second quarter ended.

Outlook / Guidance

Sunrise Realty Trust, Inc. anticipates robust demand for flexible, structured capital as elevated interest rates continue to restrict senior debt capacity within commercial real estate. The company is well-positioned, with modest balance-sheet leverage and proceeds from a recent repayment, to selectively deploy capital into opportunities that align with its return and structural requirements. However, future growth, strategic plans, and estimates of future distributable earnings are subject to inherent uncertainties.