Sunrise Realty Trust Inc
For the period ended Dec 31, 2024. Filed Mar 6, 2025.
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FY2024 · Filed Mar 6, 2025
SUNS$6.97+0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets as of December 31, 202 and
CONSOLIDATED BALANCE SHEETS
| As ofDecember 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Loans held for investment at carrying value, net | $130,733,630 | $— |
| Current expected credit loss reserve | (21,782) | — |
| Loans held for investment at carrying value, net of current expected credit loss reserve | 130,711,848 | — |
| Cash and cash equivalents | 184,626,770 | 31,244,622 |
| Interest receivable | 1,138,561 | — |
| Prepaid expenses and other assets | 1,058,601 | — |
| Total assets | $317,535,780 | $31,244,622 |
| Liabilities | ||
| Accrued interest | $131,617 | $— |
| Dividends payable | 2,941,964 | — |
| Current expected credit loss reserve | 18,398 | — |
| Accrued management and incentive fees | 393,063 | — |
| Accrued direct administrative expenses | 715,574 | — |
| Accounts payable and other liabilities | 357,417 | 10,000 |
| Line of credit payable | 123,840,000 | — |
| Line of credit payable to affiliate | 75,000,000 | — |
| Total liabilities | 203,398,033 | 10,000 |
| Commitments and contingencies (Note 7) | ||
| Shareholders' equity | ||
| Member's equity | — | 31,234,622 |
| Preferred stock, par value $0.01 per share, 10,000 and 0 shares authorized at December 31, 2024 and 2023 and 0 shares issued and outstanding at December 31, 2024 and 2023, respectively | — | — |
| Common stock, par value $0.01 per share, 50,000,000 and 0 shares authorized at December 31, 2024 and 2023 and 7,004,676 and 0 shares issued and outstanding at December 31, 2024 and 2023, respectively | 70,047 | — |
| Additional paid-in capital | 115,022,034 | — |
| Accumulated (deficit) earnings | (954,334) | — |
| Total shareholders' equity | 114,137,747 | 31,234,622 |
| Total liabilities and shareholders' equity | $317,535,780 | $31,244,622 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.