| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income | 10,512,710 | 6,457,751 |
| Provision for (reversal of) current expected credit losses | 392,276 | 586,141 |
| Amortization of deferred financing costs | 327,022 | 173,931 |
| Accretion of deferred loan original issue discount and premium, net | 1,117,860 | 615,227 |
| Stock-based compensation | 762,994 | 502,687 |
| Interest drawn on loans | 12,944,697 | 8,103,971 |
| Pik interest | 24,018 | 10,405 |
| Interest receivable | 828,616 | 971,333 |
| Prepaid expenses and other assets | 127,423 | -248,624 |
| Accrued interest | 372,569 | 241,492 |
| Accrued management and incentive fees | 679,211 | 296,077 |
| Accrued direct administrative expenses | 121,941 | -40,337 |
| Accounts payable and other liabilities | -19,710 | -2,768 |
| Net cash (used in) provided by operating activities | -1,893,601 | -1,237,338 |
| Issuance of and fundings on loans | 148,255,080 | 120,416,392 |
| Principal repayment of loans | 42,696,558 | 11,542,613 |
| Net cash (used in) provided by investing activities | -105,558,522 | -108,873,779 |
| Net transfers and distributions from (to) former parent | 0 | 0 |
| Proceeds from sale of common stock | 72,588,000 | 72,588,000 |
| Payment of offering costs - equity offering | 1,310,783 | 455,889 |
| Payment of financing costs | 219,731 | 217,731 |
| Borrowings on revolving credit facilities | 138,160,000 | 106,360,000 |
| Repayment of revolving credit facilities | 269,850,000 | 240,250,000 |
| Dividends paid to common shareholders | 10,994,765 | 6,968,412 |
| Net cash (used in) provided by financing activities | -71,627,279 | -68,944,032 |
| Net (decrease) increase in cash and cash equivalents | -179,079,402 | -179,055,149 |
| Cash and cash equivalents at beginning of period | 184,626,770 | - |
| Cash and cash equivalents at end of period | 5,547,368 | - |
Sunrise Realty Trust, Inc. (SUNS)
Sunrise Realty Trust, Inc. (SUNS)