Sunrise Realty Trust Authorizes $20 Million Stock Repurchase

Sunrise Realty Trust, Inc. authorized a common stock repurchase program on October 12, 2026, allowing the company to buy back up to $20 million of its common stock through December 31, 2027.

The execution of this program depends on the closing of a proposed merger between Sunrise Realty Trust and Southern Realty Trust Inc. Once the merger is complete, the company intends to repurchase at least $10 million of its outstanding common stock as soon as practicable. The remaining $10 million will be subject to pricing and other parameters.

Sunrise Realty Trust expects to conduct these repurchases through a written trading plan following Rule 10b5-1 and Rule 10b-18 of the Securities Exchange Act of 1934. The company filed a Current Report on Form 8-K and proxy statement supplements with the United States Securities and Exchange Commission to document the authorization.