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(ii) our strategic focus; (iii) our expectations and", "box": [ 27.842049, 159.1606897767105, 764.1188281719097, 167.3423458329628 ], "from_ocr": false, "confidence": 1.0 }, { "text": "estimates regarding the commercial real estate lending business; (iv) our expectations regarding our target geographic market; (v) our expectations regarding the amount,", "box": [ 27.842049, 170.80328752212523, 764.0889484259878, 178.9849435783775 ], "from_ocr": false, "confidence": 1.0 }, { "text": "collectability and timing of cash flows, if any, from our loans; (vi) our expected ranges of originations and repayments; and (vii) our investment strategy.", "box": [ 27.842049, 182.44103211876302, 679.5292674675779, 190.62268817501524 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Actual results could differ significantly from the results and events discussed in the forward-looking statements due to the factors set forth under the heading 'Cautionary", "box": [ 27.842049, 200.68303526754005, 764.3180264780544, 208.86469132379227 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Note Regarding Forward-Looking Statements' in the Quarterly Report on Form 10-Q that we filed with the Securities and Exchange Commission (the 'SEC') on August 6,", "box": [ 27.842049, 212.32076503129576, 764.387745885205, 220.502421087548 ], "from_ocr": false, "confidence": 1.0 }, { "text": "2026 and under the heading 'Risk Factors' in the Annual Report on Form 10-K that we filed with the SEC on March 12, 2026, and the other documents we file from time to", "box": [ 27.842049, 223.96336277671048, 764.4076657158193, 232.14501883296276 ], "from_ocr": false, "confidence": 1.0 }, { "text": "time with the SEC. The forward-looking statements contained in this presentation involve a number of risks and uncertainties, including factors relating to: our ability to", "box": [ 27.842049, 235.60110737334827, 764.4076657158196, 243.78276342960055 ], "from_ocr": false, "confidence": 1.0 }, { "text": "identify a successful business and investment strategy and execute on our strategy; the ability of our manager to locate suitable loan opportunities for us and to monitor", "box": [ 27.842049, 247.24370511876305, 764.3578661392834, 255.42536117501527 ], "from_ocr": false, "confidence": 1.0 }, { "text": "and actively manage our portfolio and implement our investment strategy; our ability to successfully complete our proposed merger (as described herein) and/or realize all", "box": [ 27.842049, 258.8814348825188, 764.3578661392838, 267.063090938771 ], "from_ocr": false, "confidence": 1.0 }, { "text": "of the expected benefits or that such benefits may take longer to realize than expected (including because we expect to incur significant costs associated with such", "box": [ 27.842049, 270.52403262793354, 764.2084674096748, 278.70568868418576 ], "from_ocr": false, "confidence": 1.0 }, { "text": "merger); our ability to consummate the sale of the San Antonio hotel property on acceptable terms, or at all; our ability to meet our expected ranges of originations and", "box": [ 27.842049, 282.16176239168925, 764.1188281719097, 290.3434184479415 ], "from_ocr": false, "confidence": 1.0 }, { "text": "repayments; the allocation of loan opportunities to us by our manager and our ability to close those loans; our projected operating results; changes in general economic", "box": [ 27.842049, 293.799492155445, 764.3279863933618, 301.9811482116972 ], "from_ocr": false, "confidence": 1.0 }, { "text": "conditions, in our industry and in the commercial finance and commercial real estate markets; the state of the U.S. economy generally or in the specific geographic regions", "box": [ 27.842049, 305.4433068962745, 764.1586678331394, 313.62496295252674 ], "from_ocr": false, "confidence": 1.0 }, { "text": "in which we operate; the impact of a protracted decline in the liquidity of credit markets on our business; the amount, collectability and timing of our cash flows, if any,", "box": [ 27.842049, 317.0786026692008, 764.1885475790604, 325.260258725453 ], "from_ocr": false, "confidence": 1.0 }, { "text": "from our loans and other investments, including investments in real estate acquired through foreclosure and held through joint ventures; our ability to obtain and maintain", "box": [ 27.842049, 328.72304075581724, 764.3080665627467, 336.90469681206946 ], "from_ocr": false, "confidence": 1.0 }, { "text": "financing arrangements; changes in the value of our loans; losses that may be exacerbated due to the concentration of our portfolio in a limited number of loans and", "box": [ 27.842049, 340.3613641692008, 764.1188281719097, 348.543020225453 ], "from_ocr": false, "confidence": 1.0 }, { "text": "borrowers; our investment and underwriting process; the rates of default or recovery rates on our loans, including our ability to realize value from collateral and real estate", "box": [ 27.842049, 352.0027449192008, 764.4076657158205, 360.184400975453 ], "from_ocr": false, "confidence": 1.0 }, { "text": "acquired through foreclosure; the availability of investment opportunities in mortgage-related and commercial real estate-related instruments and other securities , and our", "box": [ 27.842049, 363.64109799834824, 764.3578661392829, 371.82275405460047 ], "from_ocr": false, "confidence": 1.0 }, { "text": "ability to reinvest proceeds from loan repayments, sales and other realizations in a timely manner and on favorable terms; changes in interest rates and impacts of such", "box": [ 27.842049, 375.28247874834824, 764.2084674096751, 383.46413480460046 ], "from_ocr": false, "confidence": 1.0 }, { "text": "changes on our results of operations, cash flows and the market value of our loans; interest rate mismatches between our loans and our borrowings used to fund such loans;", "box": [ 27.842049, 386.9208021617318, 764.1387480025244, 395.102458217984 ], "from_ocr": false, "confidence": 1.0 }, { "text": "the departure of any of the executive officers or key personnel supporting and assisting us from SUNS Manager (as defined below) or its affiliates; impact of and changes in", "box": [ 27.842049, 398.5591552712745, 764.3080665627472, 406.7408113275267 ], "from_ocr": false, "confidence": 1.0 }, { "text": "governmental regulations, tax law and rates, accounting guidance and similar matters; our ability to maintain our exemption from registration under the Investment", "box": [ 27.842049, 410.2005360212745, 764.3080665627471, 418.3821920775267 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Company Act; our ability to maintain our qualification as a REIT for U.S. federal income tax purposes; estimates relating to our ability to make distributions to our", "box": [ 27.842049, 421.8388891308172, 764.2582669862111, 430.02054518706944 ], "from_ocr": false, "confidence": 1.0 }, { "text": "shareholders in the future; our understanding of our competition; and market trends in our industry, interest rates, inflation, commercial real estate values, the securities", "box": [ 27.842049, 433.4802698808173, 764.4574652923557, 441.66192593706944 ], "from_ocr": false, "confidence": 1.0 }, { "text": "markets or the general economy.", "box": [ 27.842049, 445.11859329420076, 167.98801728807902, 453.300249350453 ], "from_ocr": false, "confidence": 1.0 }, { "text": "We have based the forward-looking statements included in this presentation on information available to us on the date of this presentation, and we assume no obligation", "box": [ 27.842049, 463.4773242942008, 764.3080665627476, 471.658980350453 ], "from_ocr": false, "confidence": 1.0 }, { "text": "to update any such forward-looking statements, whether as a result of new information, future events or otherwise. You are advised to consult any additional disclosures", "box": [ 27.842049, 475.12176238081724, 764.3578661392837, 483.30341843706947 ], "from_ocr": false, "confidence": 1.0 }, { "text": "that we may make through reports that we have filed, or in the future may file, with the SEC, including the Information Statement, annual reports on Form 10-K, quarterly", "box": [ 27.842049, 486.75705812334826, 764.318026478054, 494.9387141796005 ], "from_ocr": false, "confidence": 1.0 }, { "text": "reports on Form 10-Q and current reports on Form 8-K.", "box": [ 27.842049, 498.4014962099648, 263.1052084721567, 506.5831522662171 ], "from_ocr": false, "confidence": 1.0 } ] }, { "page_no": 3, "width": 792.0, "height": 612.0, "cells": [ { "text": "NASDAQ:SUNS | INVESTOR PRESENTATION", "box": [ 27.720253286189998, 25.29028250004376, 271.19479411765275, 33.570658664162465 ], "from_ocr": false, "confidence": 1.0 }, { "text": "3", "box": [ 748.4471204685974, 573.0286742695997, 755.0369805774228, 583.3791444747482 ], "from_ocr": false, "confidence": 1.0 }, { "text": "A TCG Company", "box": [ 77.99742548901, 595.8471258711905, 111.91826198678271, 599.7672681766726 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Legal Disclosures", "box": [ 23.8863568062315, 63.528888275361396, 222.59938379070326, 85.21541471143439 ], "from_ocr": false, "confidence": 1.0 }, { "text": "DISCLAIMERS", "box": [ 686.287903172058, 24.33050773089974, 762.6143593770688, 32.61088389501856 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Important Notices", "box": [ 27.842049, 101.32218001295473, 106.49550018122093, 109.50383606920701 ], "from_ocr": false, "confidence": 1.0 }, { "text": "This presentation is by Sunrise Realty Trust, Inc. ('Sunrise Realty Trust', 'SUNS' or the 'Company'), a publicly-traded company that elected REIT status for federal income", "box": [ 27.842049, 119.56419802500898, 764.2084674096748, 127.74585408126126 ], "from_ocr": false, "confidence": 1.0 }, { "text": "tax purposes commencing with the taxable year ended December 31, 2024. This presentation is provided for informational purposes only and is not an offer to sell, or a", "box": [ 27.842049, 131.2019277583695, 764.3777859698977, 139.38358381462177 ], "from_ocr": false, "confidence": 1.0 }, { "text": "solicitation of an offer to buy, any security or instrument. SUNS is managed by Sunrise Manager LLC ('SUNS Manager'). The information contained herein is not intended to", "box": [ 27.842049, 142.84452553417952, 764.4076657158192, 151.02618159043175 ], "from_ocr": false, "confidence": 1.0 }, { "text": "provide, and should not be relied upon for accounting, legal or tax advice or investment recommendations for SUNS or any of its affiliates. We routinely post important", "box": [ 27.842049, 154.48225526754004, 764.308066562747, 162.66391132379226 ], "from_ocr": false, "confidence": 1.0 }, { "text": "information for investors on our website, www.sunriserealtytrust.com. We intend to use this webpage as a means of disclosing material information, for complying with our", "box": [ 27.842049, 166.12485301295476, 764.3578661392837, 174.30650906920698 ], "from_ocr": false, "confidence": 1.0 }, { "text": "disclosure obligations under Regulation FD and to post and update investor presentations and similar materials on a regular basis. SUNS encourages investors, analysts, the", "box": [ 27.842049, 177.76258277671047, 764.4076657158195, 185.9442388329628 ], "from_ocr": false, "confidence": 1.0 }, { "text": "media and others interested in SUNS to monitor the Investors section of our website, in addition to following our press releases, SEC filings, public conference calls,", "box": [ 27.842049, 189.40032737334826, 764.3877458852055, 197.58198342960054 ], "from_ocr": false, "confidence": 1.0 }, { "text": "presentations, webcasts and other information we post from time to time on our website. To sign-up for email-notifications, please visit the 'Email Alerts' section of our", "box": [ 27.842049, 201.04292511876304, 764.2582669862115, 209.22458117501526 ], "from_ocr": false, "confidence": 1.0 }, { "text": "website under the 'IR Resources' section and enter the required information to enable notifications. Past performance is no guarantee of future results. There is no", "box": [ 27.842049, 212.68065488251875, 764.3080665627473, 220.86231093877103 ], "from_ocr": false, "confidence": 1.0 }, { "text": "guarantee that any investment strategy referenced herein will work under all market conditions. You alone assume the responsibility of evaluating the merits and risks", "box": [ 27.842049, 224.32325262793347, 764.1586678331387, 232.50490868418575 ], "from_ocr": false, "confidence": 1.0 }, { "text": "associated with any potential investment or investment strategy referenced herein. The information contained herein is not intended to provide, and should not be relied", "box": [ 27.842049, 235.9609823916893, 764.2184273249821, 244.14263844794152 ], "from_ocr": false, "confidence": 1.0 }, { "text": "upon for accounting, legal or tax advice or investment recommendations for SUNS or any of its affiliates. Certain information contained in the presentation discusses", "box": [ 27.842049, 247.60358013710402, 764.1586678331387, 255.78523619335624 ], "from_ocr": false, "confidence": 1.0 }, { "text": "general market activity, industry or sector trends, or other broad-based economic, market or political conditions and should not be construed as research or investment", "box": [ 27.842049, 259.2413099008598, 764.4076657158193, 267.422965957112 ], "from_ocr": false, "confidence": 1.0 }, { "text": "advice.", "box": [ 27.842049, 270.8839076462745, 58.7277463677303, 279.06556370252673 ], "from_ocr": false, "confidence": 1.0 }, { "text": "This presentation includes financial measures that are not prepared in accordance with GAAP, including Distributable Earnings. We use Distributable earnings as a key", "box": [ 27.842049, 289.12105764627455, 764.4176256311271, 297.3027137025267 ], "from_ocr": false, "confidence": 1.0 }, { "text": "performance measure to assess our operating performance and to determine the amount of earnings available for distribution to shareholders.", "box": [ 27.842049, 300.76243839627455, 636.8012307995472, 308.9440944525267 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Distributable earnings is a non-GAAP measure that adjusts net income (loss) computed in accordance with GAAP to exclude certain non-cash items and/or items that we", "box": [ 27.842049, 318.99958839627453, 764.208467409675, 327.18124445252676 ], "from_ocr": false, "confidence": 1.0 }, { "text": "believe are not indicative of our ongoing performance. These adjustments may include, but are not limited to, unrealized gains or losses, non-cash compensation expenses,", "box": [ 27.842049, 330.6439967867318, 764.1885475790609, 338.825652842984 ], "from_ocr": false, "confidence": 1.0 }, { "text": "and one-time transaction-related costs.", "box": [ 27.842049, 342.2823498962745, 199.26215135279142, 350.46400595252675 ], "from_ocr": false, "confidence": 1.0 }, { "text": "We believe that Distributable Earnings provides meaningful information to investors regarding our operating performance and ability to generate earnings that may be", "box": [ 27.842049, 360.5225275367318, 764.4076657158192, 368.704183592984 ], "from_ocr": false, "confidence": 1.0 }, { "text": "distributed as dividends. However, Distributable Earnings should not be considered as a substitute for GAAP net income. We caution readers that our methodology for", "box": [ 27.842049, 372.1608806462745, 764.3578661392833, 380.34253670252673 ], "from_ocr": false, "confidence": 1.0 }, { "text": "calculating Distributable Earnings may differ from the methodologies employed by other REITs to calculate the same or similar supplemental performance measures, and as", "box": [ 27.842049, 383.7992337558172, 764.3578661392835, 391.98088981206945 ], "from_ocr": false, "confidence": 1.0 }, { "text": "a result, our reported Distributable Earnings may not be comparable to similar measures presented by other REITs.", "box": [ 27.842049, 395.4406145058172, 517.6806437250383, 403.62227056206945 ], "from_ocr": false, "confidence": 1.0 }, { "text": "A reconciliation of GAAP net income to Distributable Earnings is included in the appendix to this presentation and in our earnings press release.", "box": [ 27.842049, 413.67776450581727, 638.7932138609943, 421.85942056206943 ], "from_ocr": false, "confidence": 1.0 } ] }, { 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false, "confidence": 1.0 }, { "text": "Sunrise Realty Trust (Nasdaq: SUNS) is an ", "box": [ 54.60242890042875, 140.01884297244942, 315.68155712157676, 151.7491739900065 ], "from_ocr": false, "confidence": 1.0 }, { "text": "institutional lender that originates and funds loans ", "box": [ 54.60242890042875, 158.02210127116314, 369.8023193574326, 169.75243228872023 ], "from_ocr": false, "confidence": 1.0 }, { "text": "to sponsors of commercial real estate projects ", "box": [ 54.60242890042875, 176.0183801715919, 341.24255036753505, 187.74871118914905 ], "from_ocr": false, "confidence": 1.0 }, { "text": "primarily in the Southern United States", "box": [ 54.60242890042875, 194.02163847030567, 292.1911471273862, 205.75196948786277 ], "from_ocr": false, "confidence": 1.0 }, { "text": "\uf0a7", "box": [ 39.71957484880125, 222.2662575040817, 47.23270733470342, 236.4452524144133 ], "from_ocr": false, "confidence": 1.0 }, { "text": "SUNS seeks to target a portfolio net internal rate of ", "box": [ 54.60242890042875, 225.2170440720206, 372.51549741147284, 236.9473750895778 ], "from_ocr": false, "confidence": 1.0 }, { "text": "return ('IRR') in the low-teens", "box": [ 54.60242890042875, 243.22030237073443, 241.7831548602171, 254.95063338829152 ], "from_ocr": false, "confidence": 1.0 }, { "text": "\uf0a7", "box": [ 39.71957484880125, 271.5866050607604, 47.23270733470342, 285.76559997109206 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Robust investment process with high-quality ", "box": [ 54.60242890042875, 274.54120967373564, 332.9602173604649, 286.2715406912928 ], "from_ocr": false, "confidence": 1.0 }, { "text": "originations, methodical due diligence, specialized ", "box": [ 54.60242890042875, 292.5374885741644, 368.37433090793763, 304.2678195917215 ], "from_ocr": false, "confidence": 1.0 }, { "text": "structuring and ongoing monitoring, emphasizing ", "box": [ 54.60242890042875, 310.5407468728781, 360.2347967458172, 322.27107789043527 ], "from_ocr": false, "confidence": 1.0 }, { "text": "credit discipline throughout the cycle from sourcing ", "box": [ 54.60242890042875, 328.5370257733069, 371.3731066518768, 340.26735679086397 ], "from_ocr": false, "confidence": 1.0 }, { "text": "to portfolio management ", "box": [ 54.60242890042875, 346.54028407202065, 212.29519337814776, 358.27061508957775 ], "from_ocr": false, "confidence": 1.0 }, { "text": "\uf0a7", "box": [ 39.71957484880125, 374.79486824722665, 47.23270733470342, 388.9738631575583 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Founded by veteran credit investors Brian Sedrish ", "box": [ 54.60242890042875, 377.7356896737357, 359.6636013660191, 389.4660206912927 ], "from_ocr": false, "confidence": 1.0 }, { "text": "and Leonard Tannenbaum with investments ", "box": [ 54.60242890042875, 395.73894797244947, 326.39147049278847, 407.4692789900065 ], "from_ocr": false, "confidence": 1.0 }, { "text": "beginning in 2024", "box": [ 54.60242890042875, 413.86072857416445, 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616.3029595962731, 272.26451780166263 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Deal Selectivity ", "box": [ 555.59378354274, 277.912462095346, 627.8691044691727, 286.4883929382308 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Since Inception 5", "box": [ 554.39586, 287.91345815711065, 626.3118797558404, 297.5298119656508 ], "from_ocr": false, "confidence": 1.0 }, { "text": "TCG REAL ESTATE ORIGINATIONS 3", "box": [ 481.67592375, 227.84873560135105, 693.0352602723259, 241.02635036029528 ], "from_ocr": false, "confidence": 1.0 }, { "text": "~$1.0bn", "box": [ 432.6007400418435, 255.99972391541348, 508.80331953168525, 272.26451780166263 ], "from_ocr": false, "confidence": 1.0 }, { "text": "in Active ", "box": [ 452.9918582127, 277.912462095346, 494.57391848281117, 286.4883929382308 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Pipeline 4", "box": [ 452.87714354274004, 287.91345815711065, 492.1536511674003, 297.5298119656508 ], "from_ocr": false, "confidence": 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1.0 }, { "text": "$165mm", "box": [ 552.8406858558885, 430.96007330347896, 635.9277259494294, 447.2248671897281 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Commitments to ", "box": [ 557.51496645726, 452.872305480226, 633.8618423687144, 461.4482363231108 ], "from_ocr": false, "confidence": 1.0 }, { "text": "EWB Line", "box": [ 573.71577645726, 463.914969022966, 614.9846401900618, 472.4908998658508 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Up to $200mm", "box": [ 412.91738049785624, 431.8876151280431, 533.4473606844833, 446.3780715336398 ], "from_ocr": false, "confidence": 1.0 }, { "text": "East West Bank ", "box": [ 438.35218821269996, 452.872305480226, 509.5835206814344, 461.4482363231108 ], "from_ocr": false, "confidence": 1.0 }, { "text": "('EWB') Led Credit Line 8", "box": [ 417.95858354274003, 462.8737060153107, 527.4354483442804, 472.4908998658508 ], "from_ocr": false, "confidence": 1.0 }, { "text": "4", "box": [ 704.3975947325364, 426.6502649716894, 718.51855828112, 448.8295844206504 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Research Analysts ", "box": [ 670.42998, 452.872305480226, 755.1287635730391, 461.4482363231108 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Covering SUNS 9", "box": [ 675.95134288266, 462.8737060153107, 746.7915483442804, 472.4908998658508 ], "from_ocr": false, "confidence": 1.0 }, { "text": "CAPITAL FORMATION", "box": [ 520.19953875, 402.0979557733069, 654.2305346195891, 413.82828679086396 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Note: Company data based on past SEC filings and current financial information. Financial and market data as of 8/3/2026 unless otherwise noted. Aggregate portfolio data shown as of 8/3/2026 excludes the owned ", "box": [ 135.602385895008, 498.6242286849564, 729.3039174758551, 504.04596123478024 ], "from_ocr": false, "confidence": 1.0 }, { "text": "asset in San Antonio, Texas. ", "box": [ 135.602385895008, 505.4624376849564, 214.49374479338672, 510.88417023478024 ], "from_ocr": false, "confidence": 1.0 }, { "text": "1.", "box": [ 135.602385895008, 512.4235050094344, 140.69108644806164, 517.8452375592583 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Q2 2026 dividend declared of $0.30 per share annualized and divided by the closing stock price of $7.78 as of 8/3/2026. ", "box": [ 150.38667803358146, 512.4235050094344, 480.2149954625682, 517.8452375592583 ], "from_ocr": false, "confidence": 1.0 }, { "text": "2.", "box": [ 135.602385895008, 519.2657266785324, 140.69108644806164, 524.6874592283563 ], "from_ocr": false, "confidence": 1.0 }, { "text": "SUNS book value per share as of 6/30/2026.", "box": [ 150.38667803358146, 519.2657266785324, 271.5056713527605, 524.6874592283563 ], "from_ocr": false, "confidence": 1.0 }, { "text": "3.", "box": [ 135.602385895008, 526.2227813339124, 140.69108644806164, 531.6445138837363 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Represents projects for which SUNS and its affiliates are in varying negotiation stages and for which due diligence has not been completed. As such, there can be no assurance that we will proceed with any of ", "box": [ 150.38667803358146, 526.2227813339124, 721.6477661898084, 531.6445138837363 ], "from_ocr": false, "confidence": 1.0 }, { "text": "these potential investments. A component of these loans may be held through co-investment vehicles managed by a manager affiliated with SUNS Manager.", "box": [ 150.362449396614, 533.0650423403365, 582.4135867551661, 538.4867748901603 ], "from_ocr": false, "confidence": 1.0 }, { "text": "4.", "box": [ 135.602385895008, 539.9032513403365, 140.69108644806164, 545.3249838901603 ], "from_ocr": false, "confidence": 1.0 }, { "text": "TCG refers to Tannenbaum Capital Group and its affiliates. TCG Real Estate ('TCG RE') refers to Tannenbaum Capital Group's real estate platform.", "box": [ 150.38667803358146, 539.9032513403365, 555.1792767616382, 545.3249838901603 ], "from_ocr": false, "confidence": 1.0 }, { "text": "5.", "box": [ 135.602385895008, 546.8643186849564, 140.69108644806164, 552.2860512347803 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Deal selectivity represents the total number of closed loans since inception divided by the aggregate count of all deals sourced since 10/1/2023 by members of SUNS investment team on behalf of SUNS or on ", "box": [ 150.38667803358146, 546.8643186849564, 719.205717934776, 552.2860512347803 ], "from_ocr": false, "confidence": 1.0 }, { "text": "behalf of an entity managed by a manager affiliated with SUNS sponsor.", "box": [ 150.362449396614, 553.7025276849564, 350.41900252710474, 559.1242602347803 ], "from_ocr": false, "confidence": 1.0 }, { "text": "6.", "box": [ 135.602385895008, 560.6635950094344, 140.69108644806164, 566.0853275592583 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Portfolio rate calculated as a weighted average by total SUNS Current Commitment. Rate calculations utilize Chatham Financial forward SOFR projections (as of 8/3/2026), are compounded monthly, may ", "box": [ 150.38667803358146, 560.6635950094344, 711.5495666487285, 566.0853275592583 ], "from_ocr": false, "confidence": 1.0 }, { "text": "include back leverage, and excludes loans on non-accrual as of the date of calculation. Target performance is not a guarantee or prediction and is not necessarily indicative of future results. Potential investors ", "box": [ 150.362449396614, 567.5058166785324, 723.4055727659718, 572.9275492283563 ], "from_ocr": false, "confidence": 1.0 }, { "text": "should not rely on such target performance information in making an investment decision.", "box": [ 150.362449396614, 574.4628713339124, 397.14792589366743, 579.8846038837363 ], "from_ocr": false, "confidence": 1.0 }, { "text": "7.", "box": [ 135.602385895008, 581.3051323403365, 140.69108644806164, 586.7268648901603 ], "from_ocr": false, "confidence": 1.0 }, { "text": "See pages 12-13 for detailed current portfolio composition metrics and calculation assumptions.", "box": [ 150.38667803358146, 581.3051323403365, 414.9925066619508, 586.7268648901603 ], "from_ocr": false, "confidence": 1.0 }, { "text": "8.", "box": [ 135.602385895008, 588.1433413403365, 140.69108644806164, 593.5650738901603 ], "from_ocr": false, "confidence": 1.0 }, { "text": "The credit facility provides up to $200 million in borrowing capacity, subject to available borrowing base and additional lender participation, with current total commitments of $165 million.", "box": [ 150.38667803358146, 588.1433413403365, 668.8335225769223, 593.5650738901603 ], "from_ocr": false, "confidence": 1.0 }, { "text": "9.", "box": [ 135.602385895008, 595.1044086849564, 140.69108644806164, 600.5261412347803 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Firms covering SUNS by date of initiating coverage report: Alliance Global Partners; Keefe, Bruyette & Woods; B. 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121.79984431063275, 250.6041909192008, 166.689182600333, 258.785846975453 ], "from_ocr": false, "confidence": 1.0 }, { "text": "REITs", "box": [ 157.919129887905, 203.80037390085977, 180.99625365476442, 211.982029957112 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Sourcing ", "box": [ 181.200793922493, 252.18800339410558, 227.6563702433748, 262.14399693101024 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Channels", "box": [ 179.75682, 266.71056609166857, 226.38207491949706, 276.6665596285732 ], "from_ocr": false, "confidence": 1.0 }, { "text": "$997mm", "box": [ 534.7209279060518, 295.611130796466, 596.0756573028269, 308.72152450804293 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Closed Deals 2", "box": [ 534.35592, 312.1546660153107, 596.4335883442805, 321.7676180785508 ], "from_ocr": false, "confidence": 1.0 }, { "text": "$315mm", "box": [ 534.7209279060518, 363.05106714915377, 596.0756573028269, 376.1614608607307 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Current SUNS Commitments 3", "box": [ 499.7941982127, 379.5916660153107, 630.8720911674003, 389.2088598658508 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Loan Commitments ", "box": [ 674.52067575, 364.92097714031513, 770.8228616633231, 373.98990287769914 ], "from_ocr": false, "confidence": 1.0 }, { "text": "in Portfolio", "box": [ 674.52067575, 378.1179442938491, 726.441939117002, 387.1868700312331 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Closed since ", "box": [ 686.2823652266235, 296.40056001781767, 747.8084551148446, 305.4694857552017 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Inception", "box": [ 686.2823652266235, 309.59683619237813, 730.5860075595554, 318.66576192976214 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Loans Principal ", "box": [ 657.9613035, 425.03671402047263, 733.618632407945, 434.10563975785664 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Balance in Portfolio", "box": [ 657.9613035, 438.2404260438491, 750.6202793535505, 447.3093517812331 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Sourcing", "box": [ 702.3633445233764, 226.3168276468001, 743.1783372233139, 235.38575338418417 ], "from_ocr": false, "confidence": 1.0 }, { "text": "~$95bn", "box": [ 539.2798146476213, 229.97138088136575, 591.3548129441893, 243.08177459294268 ], "from_ocr": false, "confidence": 1.0 }, { "text": "CRE Deals Sourced 1", "box": [ 521.0352664572599, 246.51456171047073, 609.7552997558404, 256.13219115093085 ], "from_ocr": false, "confidence": 1.0 }, { "text": "$249mm", "box": [ 534.7209279060518, 426.2906319443963, 596.0756573028269, 439.4010256559731 ], "from_ocr": false, "confidence": 1.0 }, { "text": "SUNS Principal Balance 4", "box": [ 510.35578821269996, 442.8337660153107, 620.4326311674004, 452.4445816531508 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Multiple Origination Channels", "box": [ 83.043574152975, 146.48348256447287, 327.9700517623809, 161.36821375670218 ], "from_ocr": false, "confidence": 1.0 }, { "text": "TCG Real Estate Loan Pipeline", "box": [ 441.45488784048314, 146.48348256447287, 687.9759152782257, 161.36821375670218 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Powerful Deal Flow Engine", "box": [ 96.8369792904225, 368.7263491210753, 314.1849928233679, 383.6110803133047 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Note: All data is provided as of 8/3/2026 and refers to CRE loans across the TCG Real Estate platform, in each case unless otherwise specified.", "box": [ 135.602385895008, 539.9032513403365, 526.996719872483, 545.3249838901603 ], "from_ocr": false, "confidence": 1.0 }, { "text": "1.", "box": [ 135.602385895008, 546.7454730094345, 140.69108644806164, 552.1672055592583 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Comprising all deals sourced since 10/1/2023 by members of SUNS investment team on behalf of SUNS or on behalf of an entity managed by a manager affiliated with SUNS sponsor. ", "box": [ 150.38667803358146, 546.7454730094345, 652.7424046153857, 552.1672055592583 ], "from_ocr": false, "confidence": 1.0 }, { "text": "2.", "box": [ 135.602385895008, 553.7025276849564, 140.69108644806164, 559.1242602347803 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Represents full loan amounts on loans closed since 10/1/2023, including loans held by SUNS and through one or more co-investment vehicles managed by a manager affiliated with SUNS Manager.", "box": [ 150.38667803358146, 553.7025276849564, 689.8219373093613, 559.1242602347803 ], "from_ocr": false, "confidence": 1.0 }, { "text": "3.", "box": [ 135.602385895008, 560.5447493339125, 140.69108644806164, 565.9664818837363 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Represents current SUNS loan commitments on loans closed since 10/1/2023, excluding the owned asset in San Antonio, Texas.", "box": [ 150.38667803358146, 560.5447493339125, 499.47417602522836, 565.9664818837363 ], "from_ocr": false, "confidence": 1.0 }, { "text": "4.", "box": [ 135.602385895008, 567.5058166785324, 140.69108644806164, 572.9275492283563 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Represents current SUNS principal balance on loans closed since 10/1/2023, excluding the owned asset in San Antonio, Texas. ", "box": [ 150.38667803358146, 567.5058166785324, 496.8473241184637, 572.9275492283563 ], "from_ocr": false, "confidence": 1.0 }, { "text": "5.", "box": [ 135.602385895008, 574.3440256785324, 140.69108644806164, 579.7657582283563 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Represents projects for which SUNS and its affiliates are in varying negotiation stages and for which due diligence has not been completed. As such, there can be no assurance that we will proceed with any of ", "box": [ 150.38667803358146, 574.3440256785324, 721.6477661898084, 579.7657582283563 ], "from_ocr": false, "confidence": 1.0 }, { "text": "these potential investments. A component of these loans may be held through co-investment vehicles managed by a manager affiliated with SUNS Manager.", "box": [ 150.362449396614, 581.1862866849564, 582.4135867551661, 586.6080192347803 ], "from_ocr": false, "confidence": 1.0 }, { "text": "6.", "box": [ 135.602385895008, 588.1433413403365, 140.69108644806164, 593.5650738901603 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Deal selectivity represents the total number of closed loans since inception divided by the aggregate count of all deals sourced since 10/1/2023 by members of SUNS' investment team on behalf of SUNS or on ", "box": [ 150.38667803358146, 588.1433413403365, 721.0537544520973, 593.5650738901603 ], "from_ocr": false, "confidence": 1.0 }, { "text": "behalf of an entity managed by a manager affiliated with SUNS' sponsor.", "box": [ 150.362449396614, 594.9855630094345, 352.2670390444265, 600.4072955592583 ], "from_ocr": false, "confidence": 1.0 }, { "text": "SUNRISE", "box": [ 13.666666666666668, 562.6666666666666, 109.0, 583.6666666666666 ], "from_ocr": true, "confidence": 0.98657 }, { "text": "REALTY TRUST", "box": [ 37.33333333333333, 583.6666666666666, 85.0, 590.3333333333334 ], "from_ocr": true, "confidence": 0.96222 } ] }, { "page_no": 12, "width": 792.0, "height": 612.0, "cells": [ { "text": "NASDAQ:SUNS | INVESTOR PRESENTATION", "box": [ 27.720253286189998, 25.29028250004376, 271.19479411765275, 33.570658664162465 ], "from_ocr": false, "confidence": 1.0 }, { "text": "12", "box": [ 745.0864320314025, 573.0286742695997, 758.2283519042608, 583.3791444747482 ], "from_ocr": false, "confidence": 1.0 }, { "text": "A TCG Company", "box": [ 77.99742548901, 595.8471258711905, 111.91826198678271, 599.7672681766726 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Sunrise Realty Trust Portfolio Detail", "box": [ 23.8863568062315, 63.528888275361396, 430.3412210885386, 85.21541471143439 ], "from_ocr": false, "confidence": 1.0 }, { "text": "PORTFOLIO SUMMARY", "box": [ 636.7241928279419, 24.33050773089974, 762.5943009409858, 32.61088389501856 ], "from_ocr": false, "confidence": 1.0 }, { "text": "$315 million", "box": [ 345.23589197843177, 429.8462814469976, 446.87239326529715, 444.33673785259435 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Total Current Commitments", "box": [ 323.51492254254896, 448.9869448591476, 468.6870835578169, 458.9429383960522 ], "from_ocr": false, "confidence": 1.0 }, { "text": "12", "box": [ 134.161174148715, 489.6614297240888, 157.06533350582936, 507.7005610909904 ], "from_ocr": false, "confidence": 1.0 }, { "text": "# of Portfolio Investments", "box": [ 77.761465175274, 511.3876980972306, 213.4801042676911, 521.3436916341352 ], "from_ocr": false, "confidence": 1.0 }, { "text": "12.3%", "box": [ 120.84369871620375, 427.266617710455, 170.3880097982058, 445.3057490773566 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Yield to Maturity 2", "box": [ 99.841232277609, 447.8319090523201, 191.4067153979253, 458.9429383960522 ], "from_ocr": false, "confidence": 1.0 }, { "text": "3.9%", "box": [ 627.4758320136337, 427.266617710455, 665.5007308698783, 445.3057490773566 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Weighted Average SOFR Floor 1", "box": [ 566.274654238083, 447.8319090523201, 726.7287818305615, 458.9429383960522 ], "from_ocr": false, "confidence": 1.0 }, { "text": "46%", "box": [ 379.92317104090125, 489.6614297240888, 412.187492603746, 507.7005610909904 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Residential Assets 5", "box": [ 346.559304465042, 510.2324808895088, 445.56789308056153, 521.3436916341352 ], "from_ocr": false, "confidence": 1.0 }, { "text": "March 2028", "box": [ 590.1611970818026, 489.6614297240888, 702.8812833522418, 507.7005610909904 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Weighted Avg. Current Maturity 5", "box": [ 561.5921145, 510.2324808895088, 731.5305547120465, 521.3436916341352 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Note: Company data based on past SEC filings and current financial information. All aggregate portfolio data shown as of 8/3/2026 excludes the owned asset in San Antonio, Texas. ", "box": [ 135.602385895008, 545.9035216785323, 634.1300368337887, 551.3252542283562 ], "from_ocr": false, "confidence": 1.0 }, { "text": "1.", "box": [ 135.602385895008, 552.7457826849565, 140.69108644806164, 558.1675152347802 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Total / Wtd. Avg. is calculated on total SUNS Principal Balance. SOFR rate of 3.65011% used for all-in Interest Rate calculation is as of 8/3/2026.", "box": [ 150.38667803358146, 552.7457826849565, 545.9390941750298, 558.1675152347802 ], "from_ocr": false, "confidence": 1.0 }, { "text": "2.", "box": [ 135.602385895008, 559.7028373403365, 140.69108644806164, 565.1245698901603 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Rate calculations utilize Chatham Financial forward SOFR projections (as of 8/3/2026), are compounded monthly, may include deal specific back leverage and excludes loans on non-accrual as of the date of ", "box": [ 150.38667803358146, 559.7028373403365, 719.2057179347755, 565.1245698901603 ], "from_ocr": false, "confidence": 1.0 }, { "text": "calculation. Portfolio rate calculated as a weighted average by total SUNS Current Commitment. Target performance is not a guarantee or prediction and is not necessarily indicative of future results. Potential ", "box": [ 150.362449396614, 566.5450590094345, 723.4055727659717, 571.9667915592582 ], "from_ocr": false, "confidence": 1.0 }, { "text": "investors should not rely on such target performance information in making an investment decision.", "box": [ 150.362449396614, 573.5041200094345, 423.4164449613116, 578.9258525592583 ], "from_ocr": false, "confidence": 1.0 }, { "text": "3.", "box": [ 135.602385895008, 580.3443353339125, 140.69108644806164, 585.7660678837362 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Cash interest rate is SOFR (4.00% floor) + 9.50% spread (13.50% all-in cash interest rate) plus 1.00% PIK (14.50% all-in interest rate rate). ", "box": [ 150.38667803358146, 580.3443353339125, 521.7958171023059, 585.7660678837362 ], "from_ocr": false, "confidence": 1.0 }, { "text": "4.", "box": [ 135.602385895008, 587.1845506785324, 140.69108644806164, 592.6062832283562 ], "from_ocr": false, "confidence": 1.0 }, { "text": "In March 2026, the Company exercised the right to foreclose on the hotel property that was the underlying collateral for the San Antonio Loan.", "box": [ 150.38667803358146, 587.1845506785324, 540.2629820146851, 592.6062832283562 ], "from_ocr": false, "confidence": 1.0 }, { "text": "5.", "box": [ 135.602385895008, 594.1456573403365, 140.69108644806164, 599.5673898901603 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Total or weighted average is calculated on total SUNS Current Commitment.", "box": [ 150.38667803358146, 594.1456573403365, 360.1454228800109, 599.5673898901603 ], "from_ocr": false, "confidence": 1.0 }, { "text": "As of August 3, 2026 and $ in millions unless otherwise noted", "box": [ 40.07858552877375, 110.70547577857661, 293.31840958202747, 118.85684959315199 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Project", "box": [ 86.27880672375825, 127.26650994448585, 116.08047199176599, 135.41788375906128 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Property", "box": [ 193.71148098554872, 127.26650994448585, 230.12362538018138, 135.41788375906128 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Investment", "box": [ 270.5198966247439, 127.26650994448585, 317.76450531533015, 135.41788375906128 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Funding", "box": [ 336.52558025791035, 127.26650994448585, 370.103246346374, 135.41788375906128 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Current", "box": [ 388.55708762639745, 127.26650994448585, 419.2507215921506, 135.41788375906128 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Current", "box": [ 444.7201010521763, 126.4234429085949, 475.41373501792947, 134.57481672317027 ], "from_ocr": false, "confidence": 1.0 }, { "text": "% Total", "box": [ 500.8855598215403, 127.26650994448585, 530.6773143262398, 135.41788375906128 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Principal", "box": [ 550.4454146758927, 126.4234429085949, 588.4631027264675, 134.57481672317027 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Interest", "box": [ 609.1242123750001, 127.26650994448585, 641.5026761031617, 135.41788375906128 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Fixed /", "box": [ 663.6334105705582, 127.26650994448585, 693.0188237796181, 135.41788375906128 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Yield to", "box": [ 713.1872271119744, 127.26650994448585, 745.7738168696098, 135.41788375906128 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Location", "box": [ 83.0413613640345, 141.3031707998581, 119.60216720829142, 149.45454461443353 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Type ", "box": [ 197.80800047395454, 141.3031707998581, 226.67805399098364, 149.45454461443353 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Type", "box": [ 283.63521072368746, 141.3031707998581, 305.29022855228635, 149.45454461443353 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Date", "box": [ 343.1988982064698, 141.3031707998581, 363.76373207115756, 149.45454461443353 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Maturity", "box": [ 385.3196422666736, 141.3031707998581, 421.73178666130633, 149.45454461443353 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Commitment", "box": [ 432.3619036978238, 142.8633386855131, 487.03958486962244, 151.01471250008854 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Portfolio", "box": [ 498.36309417589274, 141.3031707998581, 534.3193434583444, 149.45454461443353 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Balance", "box": [ 552.1240260508928, 142.8633386855131, 586.8612514464256, 151.01471250008854 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Rate", "box": [ 614.0450909284597, 142.1462378357491, 633.9161713615676, 150.29761165032448 ], "from_ocr": false, "confidence": 1.0 }, { "text": "1", "box": [ 633.840626141634, 139.8152110897289, 636.8642241365629, 144.5701286778284 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Floating", "box": [ 661.0825391758927, 141.3031707998581, 695.552173962102, 149.45454461443353 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Maturity", "box": [ 708.963782625, 142.1462378357491, 745.4750346527155, 150.29761165032448 ], "from_ocr": false, "confidence": 1.0 }, { "text": "2", "box": [ 745.321505358366, 139.8152110897289, 748.345103353295, 144.5701286778284 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Senior Loans", "box": [ 40.07858552877375, 160.26259728191258, 93.20027686117196, 168.413971096488 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Ft. 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"Portfolio Composition by Current Loan Commitments", "box": [ 184.91765165947726, 151.93148956605637, 606.811502138692, 166.42194597165314 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Geographic exposure ", "box": [ 639.4781112539063, 217.63291170185153, 746.994268957113, 227.0961122258683 ], "from_ocr": false, "confidence": 1.0 }, { "text": "is concentrated in ", "box": [ 647.5218887460937, 230.46916585028907, 739.0252467913707, 239.93236637430573 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Florida and Texas ", "box": [ 647.279296875, 243.42917063153902, 739.3586549079727, 252.8923711555558 ], "from_ocr": false, "confidence": 1.0 }, { "text": "with pipeline assets ", "box": [ 642.48046875, 256.2710380729453, 744.0062265811758, 265.734238596962 ], "from_ocr": false, "confidence": 1.0 }, { "text": "broadening our ", "box": [ 654.0011444179687, 269.1129227057578, 732.4869027413316, 278.5761232297745 ], "from_ocr": false, "confidence": 1.0 }, { "text": "presence across the ", "box": [ 642.7195587070313, 282.07292752216404, 743.7845165480505, 291.5361280461807 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Southern U.S.", "box": [ 658.44140625, 294.90918163544535, 725.0385248273316, 304.37238215946195 ], "from_ocr": false, "confidence": 1.0 }, { "text": "Note: All data provided is based on CRE loans in the SUNS portfolio as of 8/3/2026, and excludes the owned asset in San Antonio, Texas. 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