Sunrise Realty Trust (SUNS) Completes Merger, Issues 8.46M Shares

Sunrise Realty Trust (SUNS) has completed its merger with Southern Realty Trust, issuing 8.46 million new shares, with former Southern Realty Trust stockholders now owning approximately 38.5% of the combined entity. The combined company boasts approximately $534 million in assets, $285 million in book value, and $604 million in loan commitments across 14 loans as of June 30, 2026. Additionally, the merger includes a reduction in base fees for four quarters and lower incentive fee and hurdle rates, benefiting SUNS stockholders.