{
"chunks": [
{
"id": "1eda0a9f-1d1a-4cca-8b3c-f4215c37ab49",
"grounding": {
"box": {
"bottom": 0.06010383740067482,
"left": 0.02911420166492462,
"right": 0.34701669216156006,
"top": 0.03263568505644798
},
"page": 0
},
"markdown": "\n\nNASDAQ:SUNS | INVESTOR PRESENTATION",
"type": "marginalia"
},
{
"id": "2282698a-6302-4f66-ab0b-737893e18d85",
"grounding": {
"box": {
"bottom": 0.05830024927854538,
"left": 0.805903971195221,
"right": 0.9685119986534119,
"top": 0.03068128228187561
},
"page": 0
},
"markdown": "\n\nCOMPANY OVERVIEW",
"type": "marginalia"
},
{
"id": "83a0be5e-58f4-470e-b425-43f9c6f3bce8",
"grounding": {
"box": {
"bottom": 0.14188164472579956,
"left": 0.023638635873794556,
"right": 0.759801983833313,
"top": 0.09163305163383484
},
"page": 0
},
"markdown": "\n\nAn Institutional Lender to CRE in the Southern U.S.",
"type": "text"
},
{
"id": "a71ad7b4-60f3-4978-99aa-db0e9e481275",
"grounding": {
"box": {
"bottom": 0.7870974540710449,
"left": 0.04162950813770294,
"right": 0.47611552476882935,
"top": 0.16859284043312073
},
"page": 0
},
"markdown": "\n\n## Company Overview\n\n- Sunrise Realty Trust (Nasdaq: SUNS) is an institutional lender that originates and funds loans to sponsors of commercial real estate projects primarily in the Southern United States\n- SUNS seeks to target a portfolio net internal rate of return (\"IRR\") in the low-teens\n- Robust investment process with high-quality originations, methodical due diligence, specialized structuring and ongoing monitoring, emphasizing credit discipline throughout the cycle from sourcing to portfolio management\n- Founded by veteran credit investors Brian Sedrish and Leonard Tannenbaum with investments beginning in 2024\n- Collectively, the management team has structured over $24 billion in CRE and credit transactions",
"type": "text"
},
{
"id": "726fd7df-8378-451e-b88a-b55936902e18",
"grounding": {
"box": {
"bottom": 0.8017572164535522,
"left": 0.5080100893974304,
"right": 0.9758569598197937,
"top": 0.17474690079689026
},
"page": 0
},
"markdown": "\n\nBy the Numbers\n\nSUNS KEY METRICS\n$315mm\nCurrent\nCommitments\n~15%\nDividend\nYield\u00b9\n$13.45\nBook Value\nper Share\u00b2\n\nTCG REAL ESTATE ORIGINATIONS\u00b3\n~$1.0bn\nin Active\nPipeline\u2074\n~1.3%\nDeal Selectivity\nSince Inception\u2075\n12.3%\nYield to\nMaturity\u2076\n\nSUNS PORTFOLIO COMPOSITION\u2077\n12\nPortfolio\nInvestments\n70%\nSenior\nLoans\n46%\nResidential\nAssets\n\nCAPITAL FORMATION\nUp to $200mm\nEast West Bank\n(\"EWB\") Led Credit Line\u2078\n$165mm\nCommitments to\nEWB Line\n4\nResearch Analysts\nCovering SUNS\u2079",
"type": "figure"
},
{
"id": "8a3e4ee1-e2ab-4e42-9adc-032fdbc31135",
"grounding": {
"box": {
"bottom": 0.9856738448143005,
"left": 0.1654171645641327,
"right": 0.9244678020477295,
"top": 0.8091359734535217
},
"page": 0
},
"markdown": "\n\nNote: 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 asset in San Antonio, Texas.\n1. 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.\n2. SUNS book value per share as of 6/30/2026.\n3. 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 these potential investments. A component of these loans may be held through co-investment vehicles managed by a manager affiliated with SUNS Manager.\n4. TCG refers to Tannenbaum Capital Group and its affiliates. TCG Real Estate (\"TCG RE\") refers to Tannenbaum Capital Group's real estate platform.\n5. 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 behalf of an entity managed by a manager affiliated with SUNS sponsor.\n6. 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 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 should not rely on such target performance information in making an investment decision.\n7. See pages 12-13 for detailed current portfolio composition metrics and calculation assumptions.\n8. 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.\n9. Firms covering SUNS by date of initiating coverage report: Alliance Global Partners; Keefe, Bruyette & Woods; B. Riley Securities; Oppenheimer & Co.",
"type": "text"
},
{
"id": "643ecd09-777c-4bac-950c-f07041983547",
"grounding": {
"box": {
"bottom": 0.967949628829956,
"left": 0.015494365245103836,
"right": 0.13848216831684113,
"top": 0.899612307548523
},
"page": 0
},
"markdown": "\n\n<::logo: Sunrise Realty Trust\nSUNRISE REALTY TRUST\nA yellow sunburst graphic appears above the word \"SUNRISE\" with \"REALTY TRUST\" beneath it.::>",
"type": "logo"
},
{
"id": "21aa2e55-6fbc-4278-85c5-d3c117597c9b",
"grounding": {
"box": {
"bottom": 0.9829549193382263,
"left": 0.09450811892747879,
"right": 0.14420011639595032,
"top": 0.9706785082817078
},
"page": 0
},
"markdown": "\n\nA TCG Company",
"type": "marginalia"
},
{
"id": "737ad9b3-82a3-423d-96c6-cd19741885c2",
"grounding": {
"box": {
"bottom": 0.9550790786743164,
"left": 0.9406397938728333,
"right": 0.9580399394035339,
"top": 0.9304697513580322
},
"page": 0
},
"markdown": "\n\n4",
"type": "marginalia"
}
],
"markdown": "\n\nNASDAQ:SUNS | INVESTOR PRESENTATION\n\n\n\nCOMPANY OVERVIEW\n\n\n\nAn Institutional Lender to CRE in the Southern U.S.\n\n\n\n## Company Overview\n\n- Sunrise Realty Trust (Nasdaq: SUNS) is an institutional lender that originates and funds loans to sponsors of commercial real estate projects primarily in the Southern United States\n- SUNS seeks to target a portfolio net internal rate of return (\"IRR\") in the low-teens\n- Robust investment process with high-quality originations, methodical due diligence, specialized structuring and ongoing monitoring, emphasizing credit discipline throughout the cycle from sourcing to portfolio management\n- Founded by veteran credit investors Brian Sedrish and Leonard Tannenbaum with investments beginning in 2024\n- Collectively, the management team has structured over $24 billion in CRE and credit transactions\n\n\n\nBy the Numbers\n\nSUNS KEY METRICS\n$315mm\nCurrent\nCommitments\n~15%\nDividend\nYield\u00b9\n$13.45\nBook Value\nper Share\u00b2\n\nTCG REAL ESTATE ORIGINATIONS\u00b3\n~$1.0bn\nin Active\nPipeline\u2074\n~1.3%\nDeal Selectivity\nSince Inception\u2075\n12.3%\nYield to\nMaturity\u2076\n\nSUNS PORTFOLIO COMPOSITION\u2077\n12\nPortfolio\nInvestments\n70%\nSenior\nLoans\n46%\nResidential\nAssets\n\nCAPITAL FORMATION\nUp to $200mm\nEast West Bank\n(\"EWB\") Led Credit Line\u2078\n$165mm\nCommitments to\nEWB Line\n4\nResearch Analysts\nCovering SUNS\u2079\n\n\n\nNote: 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 asset in San Antonio, Texas.\n1. 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.\n2. SUNS book value per share as of 6/30/2026.\n3. 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 these potential investments. A component of these loans may be held through co-investment vehicles managed by a manager affiliated with SUNS Manager.\n4. TCG refers to Tannenbaum Capital Group and its affiliates. TCG Real Estate (\"TCG RE\") refers to Tannenbaum Capital Group's real estate platform.\n5. 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 behalf of an entity managed by a manager affiliated with SUNS sponsor.\n6. 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 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 should not rely on such target performance information in making an investment decision.\n7. See pages 12-13 for detailed current portfolio composition metrics and calculation assumptions.\n8. 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.\n9. Firms covering SUNS by date of initiating coverage report: Alliance Global Partners; Keefe, Bruyette & Woods; B. Riley Securities; Oppenheimer & Co.\n\n\n\n<::logo: Sunrise Realty Trust\nSUNRISE REALTY TRUST\nA yellow sunburst graphic appears above the word \"SUNRISE\" with \"REALTY TRUST\" beneath it.::>\n\n\n\nA TCG Company\n\n\n\n4",
"metadata": {
"credit_usage": 3.0,
"duration_ms": 11658,
"filename": "p4.pdf",
"job_id": "cmsi3l0vf009xf401n9333e7j",
"org_id": "dlh8mka28ml4",
"page_count": 1,
"version": "dpt-2-20260410",
"failed_pages": []
},
"splits": [
{
"chunks": [
"1eda0a9f-1d1a-4cca-8b3c-f4215c37ab49",
"2282698a-6302-4f66-ab0b-737893e18d85",
"83a0be5e-58f4-470e-b425-43f9c6f3bce8",
"a71ad7b4-60f3-4978-99aa-db0e9e481275",
"726fd7df-8378-451e-b88a-b55936902e18",
"8a3e4ee1-e2ab-4e42-9adc-032fdbc31135",
"643ecd09-777c-4bac-950c-f07041983547",
"21aa2e55-6fbc-4278-85c5-d3c117597c9b",
"737ad9b3-82a3-423d-96c6-cd19741885c2"
],
"class_": "full",
"identifier": "full",
"markdown": "\n\nNASDAQ:SUNS | INVESTOR PRESENTATION\n\n\n\nCOMPANY OVERVIEW\n\n\n\nAn Institutional Lender to CRE in the Southern U.S.\n\n\n\n## Company Overview\n\n- Sunrise Realty Trust (Nasdaq: SUNS) is an institutional lender that originates and funds loans to sponsors of commercial real estate projects primarily in the Southern United States\n- SUNS seeks to target a portfolio net internal rate of return (\"IRR\") in the low-teens\n- Robust investment process with high-quality originations, methodical due diligence, specialized structuring and ongoing monitoring, emphasizing credit discipline throughout the cycle from sourcing to portfolio management\n- Founded by veteran credit investors Brian Sedrish and Leonard Tannenbaum with investments beginning in 2024\n- Collectively, the management team has structured over $24 billion in CRE and credit transactions\n\n\n\nBy the Numbers\n\nSUNS KEY METRICS\n$315mm\nCurrent\nCommitments\n~15%\nDividend\nYield\u00b9\n$13.45\nBook Value\nper Share\u00b2\n\nTCG REAL ESTATE ORIGINATIONS\u00b3\n~$1.0bn\nin Active\nPipeline\u2074\n~1.3%\nDeal Selectivity\nSince Inception\u2075\n12.3%\nYield to\nMaturity\u2076\n\nSUNS PORTFOLIO COMPOSITION\u2077\n12\nPortfolio\nInvestments\n70%\nSenior\nLoans\n46%\nResidential\nAssets\n\nCAPITAL FORMATION\nUp to $200mm\nEast West Bank\n(\"EWB\") Led Credit Line\u2078\n$165mm\nCommitments to\nEWB Line\n4\nResearch Analysts\nCovering SUNS\u2079\n\n\n\nNote: 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 asset in San Antonio, Texas.\n1. 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.\n2. SUNS book value per share as of 6/30/2026.\n3. 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 these potential investments. A component of these loans may be held through co-investment vehicles managed by a manager affiliated with SUNS Manager.\n4. TCG refers to Tannenbaum Capital Group and its affiliates. TCG Real Estate (\"TCG RE\") refers to Tannenbaum Capital Group's real estate platform.\n5. 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 behalf of an entity managed by a manager affiliated with SUNS sponsor.\n6. 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 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 should not rely on such target performance information in making an investment decision.\n7. See pages 12-13 for detailed current portfolio composition metrics and calculation assumptions.\n8. 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.\n9. Firms covering SUNS by date of initiating coverage report: Alliance Global Partners; Keefe, Bruyette & Woods; B. Riley Securities; Oppenheimer & Co.\n\n\n\n<::logo: Sunrise Realty Trust\nSUNRISE REALTY TRUST\nA yellow sunburst graphic appears above the word \"SUNRISE\" with \"REALTY TRUST\" beneath it.::>\n\n\n\nA TCG Company\n\n\n\n4",
"pages": [
0
]
}
],
"grounding": {
"1eda0a9f-1d1a-4cca-8b3c-f4215c37ab49": {
"box": {
"bottom": 0.06010383740067482,
"left": 0.02911420166492462,
"right": 0.34701669216156006,
"top": 0.03263568505644798
},
"page": 0,
"type": "chunkMarginalia",
"confidence": 0.988,
"low_confidence_spans": []
},
"2282698a-6302-4f66-ab0b-737893e18d85": {
"box": {
"bottom": 0.05830024927854538,
"left": 0.805903971195221,
"right": 0.9685119986534119,
"top": 0.03068128228187561
},
"page": 0,
"type": "chunkMarginalia",
"confidence": 0.989,
"low_confidence_spans": []
},
"83a0be5e-58f4-470e-b425-43f9c6f3bce8": {
"box": {
"bottom": 0.14188164472579956,
"left": 0.023638635873794556,
"right": 0.759801983833313,
"top": 0.09163305163383484
},
"page": 0,
"type": "chunkText",
"confidence": 1.0,
"low_confidence_spans": []
},
"a71ad7b4-60f3-4978-99aa-db0e9e481275": {
"box": {
"bottom": 0.7870974540710449,
"left": 0.04162950813770294,
"right": 0.47611552476882935,
"top": 0.16859284043312073
},
"page": 0,
"type": "chunkText",
"confidence": 0.992,
"low_confidence_spans": []
},
"726fd7df-8378-451e-b88a-b55936902e18": {
"box": {
"bottom": 0.8017572164535522,
"left": 0.5080100893974304,
"right": 0.9758569598197937,
"top": 0.17474690079689026
},
"page": 0,
"type": "chunkFigure",
"confidence": null,
"low_confidence_spans": []
},
"8a3e4ee1-e2ab-4e42-9adc-032fdbc31135": {
"box": {
"bottom": 0.9856738448143005,
"left": 0.1654171645641327,
"right": 0.9244678020477295,
"top": 0.8091359734535217
},
"page": 0,
"type": "chunkText",
"confidence": 0.954,
"low_confidence_spans": []
},
"643ecd09-777c-4bac-950c-f07041983547": {
"box": {
"bottom": 0.967949628829956,
"left": 0.015494365245103836,
"right": 0.13848216831684113,
"top": 0.899612307548523
},
"page": 0,
"type": "chunkLogo",
"confidence": null,
"low_confidence_spans": []
},
"21aa2e55-6fbc-4278-85c5-d3c117597c9b": {
"box": {
"bottom": 0.9829549193382263,
"left": 0.09450811892747879,
"right": 0.14420011639595032,
"top": 0.9706785082817078
},
"page": 0,
"type": "chunkMarginalia",
"confidence": 0.999,
"low_confidence_spans": []
},
"737ad9b3-82a3-423d-96c6-cd19741885c2": {
"box": {
"bottom": 0.9550790786743164,
"left": 0.9406397938728333,
"right": 0.9580399394035339,
"top": 0.9304697513580322
},
"page": 0,
"type": "chunkMarginalia",
"confidence": 0.999,
"low_confidence_spans": []
}
}
}